whether we have to show profit/loss on the basis MTM on 31-3-xxxx for open position we are holding on balance sheet date. i.e if we are in buy position of ex.20000 shares (i.e. we already sold the share we didn't have) and on th basis of MTM (on 31st price) we are in loss of to say Rs.-300000. whether i have to treat this loss/profit in my ITR. since loss or profit are not actually realized.

thanks in advance

MY CLIENT PURCHASES LAND FROM THE LAND OWNER BUT EXECUTES SALE CUM GPA INSTEAD OF SALE DEED. AFTER PURCHASE, HE DEVELOPS THE LAND AND SELL THE SAME TO ULTIMATE CUSTOMERS. IS THERE ANY GST APPLICABLE ON THIS TRANSACTION?

I have sold goods worth Rs. 25000 to my customer in Karnataka after charging 5 % igst. Can I give the goods on hand delivery basis or is it mandatory to send the goods by transport ?

Dear Sir ,
WE have two units within same state having same GSTN . We transfer goods to between them through delivery challan . Can you please provide the rule . One of my friend told me U/R 55 of CGST rule 2017



Pls advise

A taxable person is registered in Gujarat. He takes part in an exhibition in Maharashtra and the supplier charges CGST and SGST (Maharashtra GST). It is clear that credit shall not be available. Whether credit of CGST shall be available? Kindly provide reference of the related provision and notification.

Somebody told that...If you have Purchase return, you can issue a normal sales invoice to the seller party. No issue. Is it right ...can we show as sales , at the same purchase rate ?

kindly clarify...

Dear Sir/Madam,

I forgot to file income tax return for A.Y. 2014-15 and A.Y. 2015-16 and due to this i can not got my T.D.S. refund.

Now what are the remedies available to get my refund?

Can I claim it in return for the A.Y. 2018-19? (I have filed income tax return for the A.Y. 2016-17 & A.Y. 2017-18 but in those years also i forgot to claim my refund)

Thanks & Regrads
Nirmal Dave.

Example:

A partnership firm have 3 partners. A, B and C .Now B and C are desiring to resign from Partnership. At the same time x and Y is willing to join in this partnership. Have any problem for the resignation of partners at a time? More over, have any issue, its a 3rd month of new financial year, not a starting month?

one of my client having contractor & tds deducted u/s 194c now which business code should i taken there is unable of business code of contractor kindly suggest me?

We are trader, our supplier gives following 1. incentive for his product promotion & sales, 2. reimbursement of advertising expenses
3. Yearly, based on quantity sales agreed amount
Please let me above are taxable under gst, if taxable at what rate, hsn/sac codes to issue invoice/debit note
Thank you