Respected sir

we have started business of app the features of same are as under:-
we are in the business of promoting goods and service by distributing coupons , promoting the goods & services through discount card programs .
Revenue for our business are as under:-
first of all registration will be done for business man as well as customer they can used our app as follow:-
THIS DISCOUNT COUPON ARE USED FOR PURCHASING VARIOUS THING ON WHICH BUSINESSMAN OFFER DISCOUNT THROUGH OUR APPLICATION WE ARE NOT RELATED WITH BUSINESS OF BUSINESSMAN

Revenue for our app will be as under :-

issue :- RS.1
redeem :-Rs.25

For new business 30 days free offer for issue as well as redeem

when any customer redeem any coupon , loyalty bonus of 20 points = Rs.20 Will be credited to customer account
when any customer have balance of 500 points , they can make the payment by 500 points only for purchase of item worth Rs.500 & no cash required
that 500 points will be credited to businessman in form of Freedeem cash A/c with 5% extra for ex. iff customer redeem 500 points , businessman will get 525 freedeem cash
that can be used by buinsessman in two forms :-

1) they can topup their prepaid account
2) they can ask for payment from us within 7 days we will make the payments

If businessman make installation of Freedeem App to new customer wallat balance of rs.20 will automatically increase of that businessman
If any custommer refer freedeem app to other new customer 10 royalty points will be credited to his account


I want to know how accounting will be done for all above transaction ?
what will be nature of business of our app considered for gst purpose?
all amount showan above are inclusive of gst then how gst would be calculated and what percentage will be gst for all above transaction?
please guide on the same IT IS URGENT
ANY TDS LIABILITY WILL ARISE FOR THE SAME PLEASE GUIDE

thanks & regards
CA jignesh daiya

Dear Experts..i want to know that if someone having business of restaurant under Composition Scheme and foods are delivered through booking on App by Swiggy. After every week Swiggy sends Bill of Service Fee they add GST 18% (CGST9% and SGST9%) on it. My query is that can we take claim of 18% GST chagred on Service Fee to set up liability of GST on total sale of quarterly under Composition Scheme? Or is there any other Bill we should ask for from Swiggy?

Thanks in advance

DEAR SIR

WE NEED SOME CLARIFICATION FOR FOREIGN CURRENCY ACCOUNT RELATED

1. WE MAINTAIN THE BOOK FOR FOREIGN CURRENCY IN INR ACCOUNT.
FOR EXAMPLE.

WE RECEIVED $ 50,000/- @ RS.68.35 = RS.34,17,500/- FROM CUSTOMER
AND CONVERT THE FULL AMOUNT IN $ 50,000/- @ RS.69 = 34,50,000/-
WE ACCOUNT IN TALLY HOW TO ADJUST THE DIFFERENT AMOUNT IN TALLY.

I bought a flat which was under construction till end of 2018. We took a loan from bank. Flat is in joint name with my husband but while applying loan I was not working hence loan was sanctioned to him based on his salary slips.
Property was registered in the month of December 2018. Also the loan account was closed subsequently in the month of January 2019.
Now the property is leased out and I am receiving rent income.
What are the tax implication?
1) Whether i can avail tax benefit for interest paid on housing loan? In how many installments can i claim.
2) I am staying in rented house so whether i can claim HRA?

Can we claim input tax credit on Bill of Hotel Room rent Charges however its not for food & beverages and air travel ticket for traveling of director for the business purpose. and we are engage in the business of Real Estate Sector.

we are engage in the business of Real Estate can we claim input credit on purchase of transformer for the use of supply of electricity to the commercial and residential property.

Dear Sir,

I would like to ask what will be the date of transfer between date of agreement to sale and Sale deed. Date of Agreement to sale taken in place in the F.Y 2018-19. and sale deed taken in place in F.Y 2019-20. So at the time income tax return filing for the F.Y 2018-19 it is necessary to show this transaction. Please advise me.

I have purchased a TV and which is used for both purpose business as well as personal. Can I get ITC on such TV? How much ITC can i claimed?

My client was registered under normal tax structure of gst. We opted for composition scheme wef 1/4/19. But my client got a message that the earlier registration has been cancelled wef 30/6/17. We are yet to file return for mar-19 and then we will submit the statement of ITC (for change to composition scheme). Will I able to submit march return, now that the earlier registration has been cancelled?

How to get details about the shares in differnt company with only folio number. My father has purchased mamy shares in different different company in 1993 or may be before that and now he passed away in 2014 due to cancer.


I dont have any clue how to get access to those shares