An assessee takes a car loan from the bank. Car is bought in the name of some other party and the installments and interest is also paid by that party only. What will be the tax implication for assessee who gets the loan amount in his account?

Hello dear Expert If A company till To last year in audit but now this year which is not aggregate turnover for audit then need to maintain gross profit or net profit ration and there individual firm fixed asset can take depreciation

How to put figures in GSTR-3B when Sales return is more than Sales figure?
E.G. Sales For May-18 = Rs.1000
Sales For June-18= Rs. 200
Sales Return June-18 (From The sale Made in May-18= Rs.450 & June-18 = Rs. 50) = Rs. 500.

Formula used to put a figure in Outward supply under GST says to Put Net Figure of sale i.e. sales-sales return but in this type of case sales becomes negative because of high sales return of previous month.
The main issue is no Negative Figure can be entered into GSTR-3B (Table 3.1).


Any suggestion???
Plz...

Sir,
Surprising this has been third time waybill has been generated by using my GSTIN NO .Though i have not issue,am quite surprise how is this possible transporter has been using my GSTN no to deliver goods to other part.
So what should i do ,i got message in mobile eway bill has been generated.Thought i have not.

Sir,
I filed my ITR and claim a refund which was admitted by Income tax department by the way of intimation u/s 143(1) on dated 16-02-2018, but till date and time the said refund has not been credited to my bank account..further in my login account maintained at income tax e-filing website, status of my above e-filing is shown as "Return Processed refund determined and send out to refund banker".....I called to refund banker, where they told me that no any refund voucher has come to me from income tax department to credit your refund....then i called to CPC Bangalore, where they told me that your refund is under process and the same will be credited to you very shortly...but i feel very harassed that after passage of 4 months of order u/s 143(1) the refund is not credited to my bank account, which was generally required 2 to 3 days from date of order u/s 143(1).....my said refund is very short amount and does not require much more consideration upon it......it was below than Rs. 50K........please guide me that what to do next to get my refund as the income tax department doesn't ready to hear anything and the same message as stated above will be send on every grievance lodged by me....

A person joined for single premium life Insurance policy. He paid Rs 500,000 as initial premium and on maturity 800,000 received.

Insurance company deducted TDS on Receipts at the maturity time . is it Correct.

What is the taxability of maturity amount received on Life insurance policies

GST Registered person fails to raise invoice for RENT Receipt from 1st July,2017 to April,2018. Can he now raise invoice for the omitted rent amount on 19/06/2018 and pay the output tax now and interest @18% p.a. Whether any Penalty is liable?
Pl. give your opinion as early as possible. Thanks in advance.

Dear Sir,
I am a director of a company that got shut down due to losses and one of the directors cheated us and it was closed 3 to 4 yrs ago. there are two directors left and i want to resign now but the other director is not ready to accept my resignation. Kindly help me to resign from my current position. I have spent all my hard earned money in this and i dont have any more money to even think of restarting it. Plz help me

Dear Expert

We have taken a Security service from an X Company, and paid them entire amount including GST by Cheque.

The GST Input of the said party is not reflected in GSTR-2, creating a difference of ITC as per books & Portal

What will be the implication of GST if we utilised the said input, since there is difference in ITC as per our books & GST Portal

Sir, I have paid USD 15000 as advance payment for purchasing of Machinery value of USD 150000 but due to technical reason the import could not be done and advance amount paid to the vender has been forfeited. Now the bank is demanding proof of import such as invoice and bill of entry etc. Its seems that advance amount will not be recovered now. Please suggest me what remedy I have in this case??
Thanking You