My query is I have purchased Raw material for making "Payal" on which applicable rate is 18%. And When I convert the RM in to Finished Product i.e. "Payal". 3 % GST is applicable.
Finally I have got 15% ITC.

please elaborate the situation and consequences.

Thanks in Advance

Dear Sirs I want to know how we shall book audit fee provision entry & provision some other expenses (like freight/ cartage which services taken in March'18 but invoice will be received in April'18) in our books for f.y. 2017-18 on 31-03-2018, as audit fees bill received after audit from our CA who is registered and will charge GST in bill. Before GST we were book simple journal entry - Dr. Audit Fees & Cr. Audit Fees Payable and Freight exps DR. , Expenses payable CR. So Plz clear after GST what will be the entry in books on 31-3-18 for theses provisional expenses related to March but bills will be received in April -2018-19 from a registered Gst service provider.Thanks.

Sir,

In the case of Construction of Complex/Building Service including transfer of undivided share of land, the land portion can be deducted at 1/3rd of the total value as per Not. No.11/2017.
In this case, do we need to show the value of said portion of land in GST Return? If yes whether it is to be shown under exempted or Non GST supplies?

Old employee outstanding advance ( employee Dr. Bal.) we written off .

that is transfer to bad advance account & account nullify

Is any impact on income tax or GST liability or any contravention of law.

please guide us.

Regards
Rajkumar Gutti.

Dear sir,

Please tell me how to calculate TDS on Rent with interest. for Eg.

Rent A/c ( Rent Applicable on dt. 15.08.2017 for the 40000 per month)

Payment Details
1. 20.11.2017 Amount 120000.00
2. 22.12.2017 Amount 40000.00
3. 16.01.2018 Amount 40000.00
4. 20.02.2018 Amount 40000.00

Total Rent for the F/y 300000 and made payment for Rs. 240000 and 60000 is pending and No Tds Deduct.

I would like to know whether all the health service are exempt from GST or any kind of health service are taxable under GST act?

Can an auditor be appointed directly for 5 years in starting? what is procedure for appointment of first auditor?

what is limit for salary for calculation of ESIC limit?
What is CTC?
Limit for basic salary?
How ESIC calculated?
Do we have deduct PF?

Sir(s)/ Madam,

We noted the Delivery Challan format in all the leading sites and found the Delivery Challan should contain the GST tax rates and all the sites have highlighted the Words "GST Tax Rates".

We cannot understand why the GST tax Rate must contain in Delivery Challan?

Does the Taxable Value of the goods not sufficient to quote in the Delivery Challan? Previously we have made in the other systems like VAT, etc.

Kindly clarify.

HI everyone. I am ph.d student student. I got scholarship of INR 25000/ Rs monthly, which is exempted from income tax act. I have taken around 6 lakh from my brother ( my brother works in company with annual income of 13 lakh per year, so he has already paid his taxes and filed the return). I have done arbitrage trading ( arbitrage means suppose there are two exchange : A and B. You will buy bitcoin from exchange A through Bank transfer, then you will transfer your bitcoin from exchange A to exchange B and then you sell your bitcoin to exchange B and withdraw money from Exchange B to your bank account. I have done lot of arbitrage trading. My debit transaction from bank is 1,35,00,000 and my credit transactions to my bank account are 1,51,000,00 for FY-2017-18 for arbitrage trading. My profit is around 16 lakh for FY-2017-18. I have all the proofs of my debit and credit transactions through exchange as all exchanges are bound to KYC, which can easily be matched through bank. I have made excel file of all bank transaction and computed profit = withdraw- deposit... . I am thinking to pay capital gain tax on bitcoin . I have already pay 3 lakh advance tax on 31-march-2018. I have few doubts:
1. Is there any worry from me as i have lots of bank transaction and what are the chances if getting ITR notice
2. If I file my return properly still there are any chances of receiving ITR notice
3. Is there any CA who can help me, I am willing to hire CA for filing return.