Dear Sir,
Greetings!
I have one question. Suppose we issue a invoice of Rs. 1,00,000/-, GST @18% - Rs. 18,000/- & TCS on Gross amount of Rs. 88.50. Net value of Invoice - Rs. 1,18,088.50
Now, please let us know, which amount should we mention in GSTR 1 (whether 1,18,000 or 1,18,088.50) ?
and please also let us know, which is most reliable to charge TCS on sale invoice or issue debit note ?
Regards / Vijay

During F Y 18-19 Sale Invoices were issued to parties where GST was payable on reverse charge. These invoices were not shown in monthly GSTR Returns. They are shown in GSTR 9 Annual return. Whether this treatment is Okay ?
We have got confirmation from the party that they have paid GST on those invoices under reverse charge

I got the message from the ICAI '' The form has sent back to user by the regional office in order to complete the non-compliance with remarks. Kindly execute the 102 deed on non judicial stamp paper or franking with correct execution date (deed should be executed with in 30 days from the date of commencement) and upload through ssp portal '' My doubt is what is franking and what date i have to mention Plz help me to resolve the issue because iam fear about my CA final attempt may delay because of non submission

MGNREGA WORK SERVICE IS EXEMPTED OR NOT

Pigmy agents of co-op Banks are unregistered service providers to Banks. Whether Bank has to pay GST under RCM mechanism on commission paid to pigmy agents @ 18 %. If so can the bank claim 100% ITC on GST paid under RCM mechanism. Bank is having both taxable and exempted turnover. Please clarify with Notifications / circulars if any.

Son takes Loan from father for exercising Esops, Can Son repay the amount by transfering the shares to fathers demat account? What will be tax implications?

Dear Team,
I am working in a Chemical Industry, we made one sale of Hexane to party but the party met an accident and few quantity find in good condition and remaining qty we lost. So the qty which is in good condition delivered to the party. So i would like to know how we will make accounting entry for the same.

What are the opportunities for practicing CAs and CA firms in small finance banks? Are there also panels like concurrent, internal, stock auditors in these banks? Do they do empanelment of CA firms like co-operative and nationalised banks? Also, how and whom to approach for these kind of assignments in these banks?

We have doing business under proprietorship and registered in GST.

1. We have received rental income of Residential property around 10 Lakh PA
2. And we have planning to give another commercial property for rent and further amount of 12 Lakhs per annum.

Kindly clarify We have liable to collect GST for Commercial property only or both Residential also.

What is the rental GST Rate and threshold limit.

Thanks in advance.

our company is importing Raw material from out of india under high seas purchase. the party (indian) clearing the goods and levy his commission and issue invoice in his name with commission on material value. commission is not shown separately in invoice but added to material value and custom dept had levied duty on total value i.e. material value and commission (which is added to material value). i want to ask that whether duty is applicable on commission also ???