Dear All

Please consider that one supplier has received an advance of Rs 10,000/- in July and for which he has paid liability in July itself. While preparing the Invoice in August how it should be shown? Whether Invoice has to be made in actual amount or on the amount after reducing the advance received.

Thank you in advance

Gstr1 submission is still in progress since yesterday any solution availabe to solve it out

DEAR EXPERT,
PLEASE TELL ME THE TDS TO BE DEDUCTED AT WHICH RATE IN CASE OF SECURITY SERVICE PROVIDED BY SECURITY AGENCY TO A PRIVATE LIMITED COMPANY.

Respected Experts and my Fellow friends,

I have a query regarding Income Tax. A father, by occupation businessman, wants to give Rs. 20,00,000 to his own daughter for purchase of a flat in her own name. His daughter just got married in Jan, 2017 and he will give the money to his daughter in this September, 2017. His daughter is having no source of income or Nil Income.
How this Rs. 20,00,000 will be shown in the Accounts of the father ?
What are the possible ways out to bypass any tax, if levied, from the point of view of the father and as well as daughter ?
The father is a Income Tax Return filer, (unaudited).

Thank you for your valuable suggestions in advance.
.

Dear Experts.
The threshold limit u/s 194I is 180000 pls let me know is there any single payment limit for the same?

Thanks
Ankit pathak

Please tell me sir how to feed invoice when multiple GST Rate in Singal Invoice

can anyone explain under the below-mentioned scenarios

A) Supply of notified goods and services under section 9(3)

exemption up to rs.5000/- available for this ?
can we raise consolidated invoice?
where to show in gstr 2 ?
below rs.5000 all inward supply of services or goods to be reported in gstr2 or not?

B)all purchase from unregistered dealer under 9(4)

can we show below rs.5000 all purchase in gstr 2 ?

Sir I was not registered dealer in pre GST period as there no VAT but excise and I have invoice which are showing proper detail of exise tax charged on it.Can I fill GST trans 1 Today I am GST holder and issuing GST invoice Regards Rohit Jindal 9872404624 rohit84jindal@yahoo.co.in

[1] According to the latest MCA amendment w.e.f. 30 March 2016 by MCA in AS 4, proposed dividend is not to be recognised as liability in the books of account; but is to be shown only by way of a note to the accounts since the statutory obligation for dividends arises only after approval by the shareholders.
[2] ICAI suggested answers [CA Inter May 2017 Q. 1(d)] also confirm this treatment.
[3] Most of the published Financial Reports of listed companies for year ending 31 March 2017 have also shown proposed dividend only by way of note and not as an appropriation / current liability.
[4] However, in all the Illustrations in the latest study material (July 2017) for CA Inter Paper 1 Accounting Module 23 Chapter 4 - Financial Statements of Companies-; and CA Final Financial Reporting RTP for Nov 2017 Q 1, proposed dividend is shown in the body of the balance sheet (by deduction as appropriation from Reserves and surplus; and as current liability) and not in the notes.

Which treatment is to be followed?

Dear Sir/Ma'am

There is no option in offline tool where to show Transaction with Business's not having GSTN no.in GSTR 1.
Does we show it in B2C because the party to whom we are selling even though business but not having GSTN or we have any other option in portal.
Nd also please throw some lights on how to treat the same while filling GSTR 1 in portal.