Suppose I am a composition dealer under GST act and I file my ITR u/s 44AD. So how will I calculate my RCM liability, as I don't maintain any cash book or ledger. (These are not mandatory as per section 44AD of Income Tax Act). How will any body (read department) will know that I have paid more Rs 5000 in a day to URD ?

Dear Sir,

Rs 8 Lacs per annum Commercial Rent Receipt received from one and only one tenants ==============================================================

Rs 33 Lacs per annum Residential Rent Receipt received from rest of the tenants =============================================================
Consolidated/Aggregate Total Rent Receipt will arrive as at Rs 41 Lacs per annum approximately.

So far as the Commercial Rent Receipt is concerned, it is less than Rs 20 Lacs per annum and therefore we should not recover 18% GST from the said tenant.

So far as the residential rent receipt is concerned, residential rent receipt does not attract any recovery of GST.

Finally there should not be any type of recovery of GST from any of the tenants.

Please guide me and oblige.,

yous tarique rizvi

982 1630 130

I have applied for one GSTIN and i got GSTIN on 16th aug 2017

but on 13th sep 2017 they cancelled my old GSTIN and now i can't login into my old GSTIN and granted 2nd GSTIN without any application. i.e. I have not applied for 2nd GSTIN

I want to continue with my old GSTIN because of sale and purchase bills are already made...what should i do?

Q. I am about to file TRAN 1 of one of my client. I want to carry forward Excess ITC credit under Maharashtra Vat act. The issue is that as per the original return filed for the month of June 17 ITC amounts to around Rs. 2 lacs, However the cleint had revised the return for the month of June 17 and now the ITC is amounting to around Rs. 3 lacs. Now should i file TRAN 1 for 2 lacs or 3 lacs ?? Thankyou in advance..!!

Hi sir, I have incorporated a Public Limited Company in Feb, 2016 with subscribed capital of Rs. 30,00,000. The shareholders have not paid the subscribed amount till today. What is the accounting treatment for this transaction? What is the maximum time limit to pay the subscribed capital to the company after incorporation?

i have income from commission received from farmer for selling vegetable. and also have my own sales can i file my return u/s 44ad

Respected Experts.,

Please give me the solution for my ITR for the AY 2016-17 & 2017-18...
I file my ITR for the AY 2016-17 of Presumptive scheme (ITR 4S) at the I'm not employed anywhere.
But, In AY 2017-18 Im employed and doing business like Sale of Plastic Bottles. TDS deducted my Employment.

Now, My questions are,
Can I file my ITR AY 2017-18 to Presumptive scheme like ITR 4 (AY 2017-18)

Please give me your valuable reply... I'm not file my return till date

Thanks in Advance

Dear Experts,
An accountant provide the service to various clients on part time basis No timing of working is fixed however he also work from His residence of some of the client, pls let me under which head his income will be consider whether income from salary or income from business & profession? Or it is income from other sources,

Thanks & Regards
Raj kumar

Dear Sir,
I'm going to file the return of proprietorship firm No Tax audit applicable but section 44AA is applicable in respect of maintenance of book. Pls let me know in such scenario whether we have to file the balance sheet as well as profit & loss Account while filing return?

Thanks
Manoj sharma

we are manufacturer of food items
we are registered dealer in gst
we sent red chiily whole for grinding
but the person grinding the chilly ( job worker ) in un registered

kindly help
in above case what is the procedure of job work from unregistered dealer???

in above case what type of liability is on principal