i have own bus and giving services to passenger travelling form one place to another place. now gst will be applicable or not if yes than what will sac code?

Whether I am required to get my books audited?? if my net profit is below 8% and I m not opting for sec. 44AD and showing my income in business and profession head. My turnover is below 1cr. and upto last year my books are audited.

In case of Sale & purchase of Resedentail house is TDS adjustable with Tax to be be paid.
for example A person purchased a new house for Rs 2,11,00,000/- on which he ducted TDS 2,11,000/- & he sell his old resedetial house for 1,20,00,000/- for which TDS was deducted by the purchaser 1,20,000/- so my question is while paying Tax (tax audit case - Sole Proprietor) will the TDS portion be adjusted in the Self Assesment Tax to be paid??

Whether I am required to get my books audited?? if my net profit is below 8% and I m not opting for sec. 44AD and showing my income in business and profession head.
My turnover is below 1cr. and upto last year my books are audited.

hi,

Does Deduction under Section 80 TTB for Senior Citizens include all types of interest income stated below

Saving Deposit Interest

Fixed Deposit Interest

Interest from Corporate Bond & Debentures

Others like Interest on Income Tax refund


Please guide me.

i m a register dealer my business turnover is 90 lacs and rental income is 55000/- Will I have to pay GST on the rent income?

Sir
a. If College has hired a teacher as a guest lecturer, is college liable to deduct TDS u/s 194C/194J?
b. If college appointed a teacher on contract basis at a fixed remuneration, should college deduct TDS?

Sir, Is it mandatory to tally the balance sheet given in the ITR-4 as it is given that only four particulars are mandatory(i.e., Sundry Debtors, Creditors, Inventories & Cash) or else only values in the mandatory fields are enough?
I have filled ITR-4 for A.Y.- 2017-18 Can I change this year AY 2018-19 filled ITR 3 under No.53 NO BOOKS OF ACCOUNTS MAINTAINED
any difference or something wrong . Both years figure filled u/s 44AD.Please do the helpful
Regards,
bhupender

Dear Experts,

Our company is engaged in generation of electricity which is exempt from GST. One of our supplier from Tamil Nadu has shipped material at our Gujarat Unit and has issued of Rs 102 Crore (Basic - 86 Crore + 16 Crore GST). This material is required to be transferred to our Rajasthan Unit (our Branch). My questions are:
1) Whether Gujarat unit should raise invoice on 102 Crore or 86 Crore???
2) As final product i.e Electricity is exempt from GST, whether we can claim input tax credit???

Also provide relevant rules and sections in support of your answer. Thanks in advance

Dear Expert
I want to know how to declare that invoice presented to custom authority under GST contains commission to be paid to overseas agent. I am diploma in export-import during excise and sales tax regime it was informed to me that it is not necessary to declare commission on invoice to buyer and even to customs, but on shipping bill and GR/SDF form rhe commission to be paid have to declare.

Now Under GST Only Invoice Cum Packinglist or Invoice+Packing List have to made, should same can be declared on covering letter to customs? giving detail that attached invoice contain commision to overseas agent?


I also want to know what is current rbi rule for maximum commission can be paid? 12.5% or 15% or more without any prior permision from RBI


I also want to know how to declare Present Market Value in GST Invoice? Is it Necessary?