Sir i m working with property sale purchase buisness so want to book a entry if we sale a land to our client rs 150000 so please tell me the entry in tally
A person having 3 Vehicles used for transportation of passengers as taxi. And buy a new Car innova for taxi purpose and GST levied on it. Can he claim ITC on Innova Car although not having turnover greater than 20 lakhs during the year.
If itc claimed and shown in ITC credit Ledger, Can it be claimed as refund if gst liability is lesser than ITC available.
Gst liability for the year 2018-19 deemed to be Rs. 100000/-
ITC available on Innova Car 300000/-
Can refund be claimed for remaining Rs.200000/- at the year end
HI ,
This is request to you that may we GST input Claim on Cement bricks for Staff Quarters for Manufacturing Company , Kindly Clarify ,
Thanking you,
Regards ,
Srinivas
I wanted to decrease my interest income to avoid the tax slab for which I was planing to transfer a certain amount from my salary income to my family member so that they can invest the same on their name and the interest income will be taxable in their name and not mine. Can I do that as per income tax law?
I am a pvt employee. I am unmarried female and staying with my parents in Mumbai. My query regarding HRA is whether in current scenario where the government has become very strict with the salaried class for exempt allowances,can I enter into a rent agreement with my father to claim HRA and provide the same to my employer. If yes, please guide me as regards to requirement of documents (rent agreement / rent receipts / payment of rent)
I have filed the application of cancellation of registration, then whether I have to file the yearly return.
All directors are disqualified u/s 164(2) and company also strike off by the ROC (co not carrying any business before striking off )
My question is....
is it possible remove disqualifications of director....?
If both the hospital and pharmacy is under the same gstin registration, can the input tax credit on purchase of fixed assets be claimed proportionately against the output tax liability of taxable medicine sales of the pharmacy?
Whether is it beneficial to not to claim credit and rather show the full amount including taxes as Cost of Fixed asset and claim depreciation thereon?
A dealer has applied for refund of Rs.400/- excess balance in cash ledger under fee head.As the refund amount is less than Rs.1000/-,and refund claimed is inadmissible under GST act,then in order to reject the refund application the proper officer will reject it in form RFD 06 or RFD08?What procedure is to followed by proper officer?
DEAR SIR,
MY CLIENT HAS SOLD OUT HIS BUSINESS, HE EARNED SOME MONEY AS GOODWILL OF BUSINESS, MY QUERY IS THAT ON SALE OF GOODWILL - DOES HE HAS TO PAY GST? IF YES AT WHAT RATE? PLEASE ALSO SEND ME CIRCULAR OR REFERENCE FOR THE SAME.
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How to book entry in tally