Dear Experts,

Can we claim full ITC on capital goods in Ist Year which is to be used
for manufacturing and for business furtherance. The details of Capital Goods
are given below :-

1) Machine used for Manufacturing
2) Computer used for maintaining GST records etc.
3) Office Chair & Almirah & some other office furniture.
4) Mobile phone only used to talk to business related communications.
5) Lorry used to Inward & outward of materials.
6) Any repair & maint. charges on above i.e. Lorry tyres, machine damaged parts etc.

Please guide me.

Regards,

Rakesh Sharma

Dear sir,

I am a bit confused about the calculation of ESIC and PF it needs to be calculated on earned salary or the total gross monthly fixed salary. Please clarify. If a employee is having salary 20000 monthly only esic is applicable but if he works only 15 days of the month than we need to pay pf also on the same. please clarify.

Bill issued by ABC LTD to Y LTD for professional services rendered of RS.331200 (including service tax @ 15%), cheque received from Y LTD after deducting TDS.

Kindly guide me about journal entry in the books of ABC LTD & Y LTD.

Regards
Bharti

Dear Experts,

We have a pvt. ltd. company in IT service. annual turnover for fy 2018-19 will be within 2 crore. Should i pay advance corporate tax in 4 installments or can i pay the corporate tax within 31st march in 1 installment? please advice.

Sir
I have filled my income tax return for the p.y. 2017-2018 u/s 44AD. Now in the current year I have made a payment of Rs. 75000.00 to a transporter. Please tell whether I am liable to deduct tax at source? and I have not obtain TAN from the income tax department yet.

What are exempt,nil & not gst inward supplies for reporting in 3 B return?

Our is Ltd. Co. We have appointed few doctors on retainer basis. Is it GST payable under RCM ?

My organisation pays commission to our Sales Team who are not employees but work independently under Multi-level Marketing scheme.

Is the company liable to pay GST under reverse charge Mechanism as these service providers are not registered under GST as their yearly turnover is below the limit.

Kindly help me.

Thanks and regards

Mohanan V P

Dears
what is the tax audit turnover limit for partnership firms for the F.Y 2017-2018 and
turnover means it is INCLUSIVE of TAXES or EXCLUSIVE of TAXES.Please clarify.
thanks in advance
suri

Dear Sir,

I have filed income tax return and paid TAX 11239/-.But i forget to make a provision in books in 31 March 18 so please advise how i adjust Rs .11239/- its partnership form 3 Patner

Please advise

ABC Ltd wanted to construct their building for office use because its doing business on rental building. ABC ltd take architect services for construction of their building. ABC ltd doing trading business. can ABC ltd take input tax credit of architect services which are used in construction of building