A gst registered composite scheme dealer purchases and sales transaction details mentioned below in 19-20.
Opening stock value rs:10 lacs
Purchases value in the year 19-20 Rs:15 lacs
Sales value in the year 19-20 Rs:28 lacs
Closing Stock value rs:nil
Gross profit Rs:3 lacs
Question:
Dealer closing stock value maintained nil in trade and purchases value small amount any problems future in gst act.

hello, for fy 2018-19 annual return in gst, portal asking aggregate turnover of previous fy , when, registration was taken in fy 18-19. There was not business in fy 17-18. What amount to feed in said column. Valuable opinion is highly appreciated. Thanks

Dear All,
I am receiving the commission for receiving the payment for Currency Exchange.
The mechanism works like I received the money in bank account from agencies like Western Union etc and then through cash distribute the money to the customer.

for tax audit purpose how is the turnover should be calculated?

Hi Experts,
One of my friends is having two properties. In F.Y. 19-20, he rented one house property for first 3 months @ INR 10000/- per month and then he didn't give it on rent and other property was self-occupied. I understand in this case, Net Annual Value for the rented house property would be INR 30000/- as per the latest provisions of the income tax act.
Pl. advise.
Thanking you in anticipation
Ramesh

Dear Respected All,

Greetings!!

Actually my query is that the depreciation on mobile As per Comapny Act SLM - 4.75% WDV-13.91/-. However i have seen on depreciation working sheet that one of my C.A. calculated depreciation @45.07% on Mobile. Now i wanted to know why depreiation @45.07% has come on mobile ????

Regards,
Narendra Wod

Respected Sir,

For the Ay 2020-21 the deductee has filed ITR as on 2nd November, 2020 but the deductor has not revised TDS Return, whether the deductee can take the set-off of the TDS Credit for the Ay 2021-22 in case the filing of the revised TDS Return for the Ay 2020-21 gets considerably delayed.

Kindly note that my husband died on 10/07/2020, he was not completed his return for AY 2020-21 as the extended due date is 31/12/2020. Now I want to know that whether I have to declare myself as a legal heir regarding filing of return for AY 2020-21 or AY 2021-22.

Kindly advice me as soon as possible as the due date is coming.
SHRABANI CHAKRAVARTY

I HAVE A COMPANY INCORPORATED IN KARNATAK (REGISTERED OFFICE )BUT ENTIRE BUSINESS IS TAKING PLACE IN GUJARAT(BRANCH OFFICE) CAN WE APPLY FOR GST NUMBER DIRECTLY AT GUJARAT OR REGISTRATION AT BOTH PLACE IS MANDATORY i.e. AT REGISTERED OFFICE AND BRANCH OFFICE BOTH??

An assessee was out of india since last 12 years. Came to india in March 2020. Got a job here in india and now settled in India.
He made NRE FDs in 2018 which will be matured in 2021-22 & 2022-23.
What will be the tax treatment for the interest received on maturity.

Please share the applicable sections.

I have book a flat in gujarat. Its price is 3900000. Will it be under affordable housing scheme or not?
How much GST, I have to Pay?