Halo sir please tell me that saving account entries mandatory in proprietor ship or note we deposits some cash in saving ac so my firm cash is gone nagetive

Halo sir please tell me that saving account entries mandatory in proprietor ship or note

We r manufacturing printed books its a exempted under gst

but we r paying gst on inputs like paper,inks ,binding services etc

our Turn over is more then 20 lakshs

whether we have to get registration or not?

if we got registration we have to Reverse charge on service like Binding works etc?

I want to buy a flat and for that I need deposit the money to builder . I have good relations with my friends which can give me money which I can pay later to them

I want to take 10 lakh rupees from person A into my bank
I want to take 5 lakh rupees from person B into my bank

Do I need to show this as loan in my ITR OR Shall I just skip and later after 1 or 2 years return them when I have?

If It don't show Is It an offences and I get penalty?

My trust has taken a building on a rent from a partnership firm. Now when I pay rent, can I pay rent to the partners individually instead of partnership firm?

I am finalizing Accounts of a Proprietorship business for the F.Y 2016-17. Closing balance of loan taken by the proprietor as on 31.03.2016 as per loan statement is not matching with closing balance of loan taken as per balance sheet for the F.Y 2015-16. May be there was some mistake at the time of preparing the 15-16 Balance sheet. Now if I take opening balance of loans from the 15-16 balance sheet, the closing balance as on 31.03.2017 will not match with loan statement and I cant take opening balance from loan statement also as I have to take the opening balances from the previous balance sheet only as per rules. So what should I do ?

REPLY URGENTLY.

Dear Sir,

We are registered in Haryana and are providing technical consultancy service towards Detail Project Report (DPR) in the state of Rajasthan. We hired a sub-consultant based in Haryana to inspect the site and make DPR. Our sub-consultant raised a invoice to us charging IGST and place of supply mentioned Rajasthan. As we are also have to raise invoice to the client (Rajasthan)charging IGST and place of supply mentioned Rajasthan. Now question can we take credit of IGST charged by the sub-consultant as we are not registered in the state of Rajasthan.

thanks

Hi all,

Good Evening..!!

I need help.

We are giving service to Special Economic Zone client, but client will ask without GST tax amount in the bill. We are paid IGST tax on behalf of client.

Kindly help us how to proceed Letter of undertaking,

1. Procedure & Documents required to be file letter of undertaking.
2. Is there any validity of letter of understanding?
3. Any fees for letter of understanding?
4. Where can i file letter of undertaking?

Thank you in advance.

Awaiting your revert ASAP earlier.

Regards
Bharath

Is transportation services liable under RCM after 13.10.2017...?

Dear Expert

We booked hotels, flight tickets, exchanged foreign currency for our staff through Foreign exchange agent. The agent charged GST only on service charge @ 18%
Example:-
Hotel booking charges - 100000
Service charges 4% - 4000 (Charged by Dealer)
GST @ 18% on 4000 - 720 (CGST 360 + SGST 360)

Is the GST charged by Agent is correct ?
Or whether we have to pay GST under RCM on hotel booking ?
Whether GST has to be charged on 104000 or 4000 ?
Can we claim ITC of 720 ?
Also give reference to Sections of GST Act.