CHANDRAKALA

I have below mentioned receipts and payment a/c. How to do computation of total income

Receipts and Payment A/c

opening cash 700 expenses 48000
op.bank balance 18950

donations 32000 cash 3150
Cl.bank balance 500

Total 51650 51650

Computation statement

Receipts as per R & P A/c 32000
Less: Expenses 48000
Loss 16000

I filed return as per this computation but i have received 143(1)(a). In that notice it shown more than income. In that we spend money in opening balance . How to show in ITR-7. please suggest me


Palash Ghosh

Dear Experts,

We have considered commission to be received from supplier on achieving target in the balance sheet for the FY 2017-18. But due to unavailability of Credit Note from supplier, we were unable to take GST effect for that.

Respective Credit note received from supplier in June-July 2018.

What will be consequences of that in GST?

Will we have to pay GST for that income we considered in balance sheet?

Kindly provide your valuable response with supporting rule or case law.


M. Senthilnathan
10 November 2018 at 11:27

Export sales

Dear Sir's
This is M. Senthilnathan from Coimbatore i am working as an accountant in coimbatore based company.

I need some clarifications from you regarding Export.

We are going to start export sales to Middle east countries with in this FY.

This is first time i am going to handle the Export sales

Kindly help me about what are the basic works i want to do on this?


Rajendra Hegde

Dear Sir,

A, placed an ordered B to deliver goods to C. now my question is that Whether B has to generate e-way bill to A and A has to generate e-way bill to C? or B has to generate e-way bill mentioning billed to A & shipped to C and A has to generate one more e-way bill by mentioning dispatched from B & billed to C? which one is correct procedure?



Anonymous
09 November 2018 at 23:14

Non payment of salary

Dear friends,
I qualified my ca final in may 2018.with lot of aspirations to go for practice I joined a Mid sized firm in my area.I joined with in the month of Oct 2018 and working hours of 10.30 am to 7.30 pm.I kept telling them to give me the offer letter but after about 20 days they said me that I will have to sign the offer letter which contains working hours as 24hrs ( I. E .being flexible for work @ any point of time) I was not OK with such working hours for just rs.15000/- so I said them give me my one month pay and I shall quit the place.But they are telling me that since I'm not signing the agreement and agreeing to their terms, they are telling me that they will pay me only rs.5000/- for the one month that I worked in their firm as a qualified CA....

Is their any way through I can recover my hard earned money.


Gopi Niranjan
09 November 2018 at 21:45

Purchase returns

How to show purchase returns in GSTR-3B?
I am a Retailer, I returned goods to the Supplier and he issued a credit note to me. Should I issue a debit note for the credit note he issued or Can I simply leave it because he issued a credit note?


CA Tanay Jindal
08 November 2018 at 22:18

Amendment in gstr-1

We have filled all the GSTR-1 Return up to September 2018 but after filling we have found an error in the return of January 2018.
That one bill was shown as B2C instead of B2B

Now we want to Amend that bill but the portal is not allowing to Amend..

Any other way of Amending the Bill



Anonymous
08 November 2018 at 20:43

Registration of gst

Dear Experts,

Please inform me do I need to register for GST in case if I am providing the bus services (Including Diesel charges) to a company for the pick and drop of their employees? I am providing these services in Uttar Pradesh.

Please also tell me if I am required to register for GST then what would be the rate of GST?

Thanx in advance..


raghavendra b

DEAR SIR,

ONE OF MY CLIENT GOING TO PURCHASE RESIDENTIAL HOUSE PROPERTY FROM BUILDERS. THE PROPERTY WILL BE REGISTERED IN THE HUSBAND AND WIFE NAME. HUSBAND IS UN EMPLOYEE BUT HIS WIFE IS GOVT. LECTURER. CAN AVAIL TAX BENEFITS OF FULL AMOUNT OF HOUSING LOAN INTEREST AND PRINCIPAL AMOUNT FOR HIS WIFE.

REGARDS



Anonymous

Dear Sir/Madam,
One of my valued customer at Kolkata purchased materials for export to Nepal,We have supplied the materials to the said customer at Kolkata as deemed export at 0 rate. Now my question is any types of declaration from is requir to be collected from my Kolkata's customer?
Please help for the same.
Thanks
Chandan





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