We are a manufacturing company for TOOLS (WHICH USED in MACHINE FOR IRON CUTTING PURPOSE) RESHAPING purpose we are sending someTOOLS to another party IN OTHER STATE against our job work challan. After comple RESHAPING WORK Party return the TOOLS and raised a LABOUR CHARGE INVOICE (Including GST) So our question is it is madatory to fillup ITC04 Form in gst

Read more at: https://www.caclubindia.com/forum/itc04-438996.asp

what is procedure for converting partnership firm in pvt company?

My query is one of my clients is into supply of sand stone dust etc.the bill he gives to customers is inclusive of transportation.in most of items transportation is main cost.he gives invoice to customers of sand ,stone dust (does not show freight separately)
He owns 3commercial vehicle already..he wants to purchase new vehicle and claim GST on it..as per nature of his work he uses these vehicles which are used for transportation. . Is he allowed to take credit of GST on vehicle purchase??
Invoice part is ok or do I need to show freight bill ?? My concern is tomorrow deptt comes and says you are trader only and dis allow GST claim on vehicle??
Please help

Sir
We are a manufacturing company dealing with non excisable goods but registered under VAT. As on 30-06-2017, we are having some closing for which we have paid Excise duty. In previous regime we are not taking ITC for it. But now please confirm whether we can take ITC under CGST thro TRAN 01.

Dear Members,

My query is that while filing form GSTR-1, What should be invoice value to be taken, is it before TDS or after deduction of TDS.
For e.g. Gross Value = 100
SGST = 9
CGST =9
TDS =1

Then what is invoice value is it before TDS i.e. 118 or 117.

DEAR SIR / MADAM,
A BUILDING CONTRACTOR'S INCOME RS. 48 LAKHS IN HIS BUSINESS INCOME AND HE HAVE AGRICULTURE INCOME RS. 3. LAKHS. I WILL SHOW THE PROFIT RS. 3.90 LAKSH (ABOVE 8%)... THE QUERIES ARE NOW.,

1. IS IT CORRECT METHOD OF CALCULATION R NOT...?
2. WHAT IS THE ACRI INCOME RS. 3 LAKHS? IT'S FULLY EXEMPTED OR NOT...?
3. HOW TO CALCULATE THE INCOME (8%0). ITS RS. 48 LAKHS * 8% = 384000 OR RS. 51 LAKHS * 8% = 408,000

PLEASE GIVE YOUR VALUABLE REPLY...

THANKS IN ADVANCE...

Dear Expert,
One is my colleague issued two pan card and using both form 16 issued on old Pan card and applied load another pan card
now they wand to surrender one pan card what is the procedure for this and is there any problem in old record
Please advise sir.

Sir,

The Hutti Gold Mines Co. Ltd, Hutti (HGML) (a Karnataka Govt PSU), while closing books of accounts for F.Y.2016-17 has accounted Rs.83 lakhs interest on IT refund for the A.Y.2015-16, received on 30.08.2017 (before closing of accounts for FY 2016-17). This was done in the absence of order u/s 143 (1). However the amount accounted tallies with the interest received from the department (compared after receipt of 143 (1) order).

Now the CAG has made audit observation on the accounting of interest, stating that substantial amount of interest pertains to FY 2017-18 (April 2017 to August 2017).

Hence, expert opinion is requested on the accounting of interest income on refund of Income-tax.

I'm a bcom graduate. and right now studying for ipcc. haven't passed ipcc. but I want to do mom f&t from ignou. is it possible for me to apply for that course.

Dear Sir,
One of my relatives wants to start a Event management services, So They can register GST under composition scheme? but GST law says only Traders allowed under composition scheme(Is traders Include Event management services?)