Sir/ Madam,

We have customer in Bhutan / Nepal & we have to bill in INR, we are confused that we need to charge IGST, but as per GST act we have “zero rated supplies” where in we can declare the sale value under this categories, since this is export services.

Please Suggest

Thanks in advance,

Dear Sir/Madam

In an accounting system, Damaged goods/ promo goods/ personal use( Company ) goods are shown as separate accounts.

An automated entry in the system is coming as follows :
Damaged / Promo/Personal Use Goods A/c Dr 100
To Inventory Account A/c Cr 100

Due to this, in Cost of sales there is difference of the 100.


Can you guys please explain , how to treat damaged goods/promo goods ?


Any further clarification , please comment

Dear Sir / Madam,

One of our Customer has raised DEBIT NOTE for part consignment of Goods returned by them on 12th September 2017.
This consignment was sold to them in August 2017 i.e. Under GST Rules.

Please advise if DEBIT NOTE / CREDIT NOTE is acceptable under GST Rules in case of Goods Returned
Or Sales Invoice is to be issued ?

Secondly What if Material sold before 01.07.2017 is Returned now ?

Thanks & Regards,
Rachana

Where should I enter RCM on freight in GSTR 3B?
How to make payment and get the input credit for the same?

I have ITC of CGST Rs. 5039.5 and same amt. of SGST. Also I have to pay on RCM CGST Rs. 10790.5 and same amt. of SGST. Liability on outward supply is CGST Rs. 68061 and same amt. as SGST. Please let me know how much total amt. I have to pay as CGST and SGST.

The assessee has sold a shop in F.Y. 17-18 for which he has purchase deed of the year 1999. We have not taken valuation for the same.
The assessee is ready to invest maximum amount in 54EC bonds.
Is it mandatory to take valuation and obtain fair market value?
or can we show capital gain on the basis of purchase cost?

II filed GSTR-3B –for Aug 2017 on 21.09.2017 instead of 20.09.2017 and payment of difference Rs.2520 GST also made on 21.09.2017. If there is any late fee for delay in return filing what is the amount and interest @ 18% for Rs.2520 ? After paying the above payment and interest where do I have to show it in return for Aug 17?

Sir i am problem ITR file Fill ITR-4 A.Y. 2017-18 but notice U/s 139(9) defective return I am a Lic Agent Please Problem solved

ONE OF MY CLIENT BOOKS MAINTAINING AS PER MERCANTILE SYSTEM AND CLOSING STOCK VALUED EXCLUSIVE DUTIES & TAXES (WHICH IS RECOVERABLE FROM TAX AUTHORITIES)

AS PER ICDS-2 VALUE OF CLOSING STOCK SHOULD BE INCLUSIVE OF DUTIES AND TAXES WHETHER RECOVERABLE OR NOT FROM TAX AUTHORITIES.

SUPPOSE MY CLOSING STOCK IN BALANCE SHEET IS 1,00,000/- (EXCLUDING DUTY & TAXES)

AND DUTIES AND TAXES RECOVERABLE ON THAT STOCK IS 12,500/-

AS PER MY QUERY IN TAX AUDIT REPORT FORM 3CD CLAUSE 13(D) AMOUNT TO BE INCREASE RS. 12500/- OR NOT

Dear Experts

1.GST council meeting Decision – Press Release dt.9-9-17
Mentioning TRAN-1 filing date is extended till 31-10-17

2.notification no.34/2017 –central tax dt.15-09-17
Introducing new rule 120A for revision permitted for TRAN-1

3.order no. 02/2017-GST dt.18-09-17
For extension for submitting TRAN-1 declaration under rule 120A
Till 31 st oct 2017

Reading this , apparently it implies that extension for filing TRAN-1
Till 31 st oct 17 is only for cases where revision for TRAN-1 is
Required
Meaning thereby that one has to first file TRAN-1 within
90 days of appointed date ie. By 28-09-17
While press release clearly mentions extension for filing TRAN-1
Is till 31-10-17

Please review on this matter & guide all of us
On expected due date by which First Time TRAN-1
needs to be filed , as per LAW & Govt. instructions
Thanks
CA. VIPUL D. JHAVERI
jcindia@gmail.com