Dear expert

I have appeared for CA final exam (old course) two times

now I have registered for new course do I have to complete AICTISS (MCS&IT) before for appearing exams or I can do it after exams. I have completed ot/itt/Gmcs-1.

Plz guide

Thanks

Dear All

I have closed Bank account which was provided in ITR filed for AY 2017-18.
My IT refund is on hold because this reason.

Please guide me how to change my Bank details & procedure for the same.

Dear Sir/Madam,
1) "A" supplier raises taxable sale invoice on "B" (consignee).
2) On the taxable sale invoice, consignee and buyer ["C"] details are mentioned. GST number of "C" is also mentioned.
3) "B" (Consignee) makes payment to "A" (Supplier)
4) "B" (Consignee) also raises a debit note on "C" (buyer) without charging GST
On the basis of the above, please answer these question:
1) Whether "C" can avail ITC on the basis of A's invoice
2) Whether the practice of "B" of not charging GST is OK
Thanks in advance.

Hello everyone,

Wanted to ask one question :
While calculating Interest service coverage ratio and dscr for credit assessment, should we consider capitalised interest in denominator?
Suppose total interest is 100, of which 80 is capitalised, so net hit taken to my p & l is 20.
So while calculating iscr and dscr, in denominator should I consider 20 or entire 100, since payment made is for entire 100.

CRISIL suggests non - funded capitalised interest should be considered for iscr and dscr...

So wanted to know what is the industry practice with regard to capitalised interest for project finance cases and normal cases...

Pls guide

Thanks,

Link for CRISIL material : https://www.google.co.in/url?sa=t&source=web&rct=j&url=https://www.crisil.com/Ratings/Brochureware/RR_ASSES/CRISIL-Ratings-research-approach-to-financial-ratios_2013.pdf&ved=2ahUKEwj2iOGSis3bAhVIPo8KHYG2BCoQFjACegQICRAB&usg=AOvVaw3n9BHx0Oucfi7Y_mPAIEg0

dear expert

kindly clear rcm accounting service received by a registered person from unregistered is compulsory or its in daily limit of 5000.00 which is also extended till 30.06.18

thanks in advance

Hello all. Medical reimbursement received by a govt employee is taxable or not? Reimbursement Amount is Rs 300000. Hospital is approved by state govt. Is the same is covered under section 17 (2)?. Is the word maintained by govt. and approved by govt have the same meaning? kindly reply plz

I read section 17 (2) which are as follows

Expense incurred or reimbursed by the employer for the medical treatment of the employee or his family (spouse and children, dependent - parents, brothers and sisters) in any of the following hospital is not chargeable to tax in the hands of the employee:

a) Hospital maintained by the employer.

b) Hospital maintained by the Government or Local Authority or any other hospital approved by Central Government

c) Hospital approved by the Chief Commissioner having regard to the prescribed guidelines for treatment of the prescribed diseases.

2) Medical insurance premium paid or reimbursed by the employer is not chargeable to tax.

FOLLOWING QUESTION REGARDING MARGIN SCHEME UNDER GST

1.AT TIME REGISTRATION ,IS NEED TO TAKE REGISTRATION UNDER NORMAL SCHEME ??
2.AT TIME FILING GST RETURN HOW TO SHOW SALES AND PURCHASES??
A.MEANS IN GSTR3B WHAT IS TAXABLE VALUE (IE. MARGIN IS TAXABLE VALUE OR ACTUAL SALES VALUE)???
B.SAME FOR PURCHASES??

DEAR EXPERTS

i Just observed that I had missed out a particular sales invoice each month from July to March 2018. So there are 9 invoices that have not been reported in GSTR3B and GSTR1.

How to rectify it. I will include it in current month GSTR 3B and pay the tax along with Interest, How to include it in GSTR1. In which month GSTR1 should it be included.

Please Help

Sirs, I am supplier of raw cotton (in Telengana ) to spinning mills in Coimbatore, State of Tamilnadu, i have 2 firms X and Y. I had raised 2 separate invoice to my my Buyer A. Now buyer A has issued a single C form for both the firms, How do we rectify this.

My mother's having Bank FD's with SBI. I have filed her ITR-1 for interest income of My Mother on 26th April 2018 for AY 2018-19. Every year in April, We have submitted Form 15H for not deducting TDS from Bank. But bank deducted TDS more than Rs. 6000. When I filed my MOTHER'S ITR-1, on that day, in e-filing, in form 26AS there is not TDS shown by Bank. So I have filed My mother's ITR-1 on 26th April 2018. But, i have surprised to saw today, 26AS Form of My mother for AY 2018-19, State Bank of India, deducted TDS of more than Rs. 6000/-. Now I want to refund my mother's TDS amount, because her income is below 2,50,000/-. And I have already Filed ITR-1 of My mother for AY 2018-19. Can I filed now file revised ITR-1 for getting TDS refund deducted by SBI of my Mother? But, in e-filing, there is no option available for AY 2018-19 for Revised / rectified ITR ? Only option available UPTO AY 2017-18.

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