Yasir
27 November 2018 at 13:00

Gstr-4 return filling

in GSTR 4 showing purchase is mandatory or not?


pravin
27 November 2018 at 12:35

Gta

1. Material Supply to Customer through Tax invoice :
Customer - Place of Supply ( Maharashtra )
Supplier - Manufacturer ( Madhya Pradesh )
Tax Liability - IGST Charged on Invoice

2. Material Supply by Transporter ( GTA ) Transporter (GTA ) Locate in M.P ( May be Registered / URD ) Pls. confirm the liability of Tax under RCM on supplier locate in M.P is it IGST or CGST & SGST
Thanks
Regards Pravin


Dev
27 November 2018 at 00:48

Input tax credit

As per definition of "construction”, Construction includes re-construction, renovation, additions or alterations or repairs,to the extent of capitalisation, to the said immovable property.
Here is that The term capitalisation means if it is debited to Profit and Los account of the "Books" then it is not a construction activity ?
An if it is like that than what will be the supporting for such capitalisation other than books of account ?


Himanshu Agarwal
26 November 2018 at 18:25

Registration and amendments

I am dealing in more than 5 commodity and want to add more list of goods
How can i add more than 5 items under List of Goods?


Avik Banerjee
26 November 2018 at 15:29

Provision for income tax

sir,
Expert can anybody help journal entry regarding provision for income tax and adjustment regarding DTA/DTL Advance tax, self-Assessment tax, Tds Receivable and payment regarding them


ankur agarwal
26 November 2018 at 13:45

Regarding penalty of 271b

sir,
In AY 16-17 my turnover in intraday transaction in shares was 21 crore but I got loss of 4,50,000/- but at that time I was not aware about tax audit,
now I got notice from IT department & AO is saying about to levy the penalty u/s 271B i.e. .5% of turnover or 1,50,000/- whichever is less.

is it possible that AO can wave off the penalty??








Anonymous
26 November 2018 at 13:36

Advance receipt for future supply of goods

Dear all,

Kindly solve my querry Referring to the above subject ,

We have Received advance for future supply of goods B2B the Customer is requesting for Input Credit on the GST paid as Advance.




kindly advise for the same.
Thank You


RAMESH SHARMA
26 November 2018 at 13:12

Tax audit

While disclosing the fixed assets against clause 18 of 3CD generally we disclose Gross value of fixed assets reduced by Cenvat/modvat and any exchange difference to arrive at net block of fixed assets. I need clarification on VAT claimed as input on fixed assets. whether VAT is to be disclosed under Cenvat or not.


John James Kochuparambil
26 November 2018 at 12:00

Availability of itc on rcm.

There were some purchase from GTA in FY17-18 which is taxable under RCM. Tax has not been paid till date. The return for the month of September has made already. It is now only came to our knowledge that the tax liability by way RCM has not been paid. So if we pay the tax on RCM in the month of october including interest, ( which relates to FY 2017-18) can we claim Input tax credit for the same?


ENAGANTI RAVI
26 November 2018 at 11:59

Tds

Invoice consists of both material and service i.e. installation. Material received but installation was not done. Vendor requested for payment of material value. Installation charges will be paid after installation. In this case, is it required to charge TDS on service i.e. installation charges?





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