we have a LIC gratuity fund for our gratuity liabilities of the company...


We accrue gratuity liability at the year end on the basis of Actuarial report. In current year, the situation was we didn't got any gratuity expense in the P&L but it's reversal i.e.gratuity expenses = income

What is the treatment of such gratuity income

As normally what we do is we disallow the expense and take benefit of 43B on payment basis .but since it is income would we have to tax it..

SIR, I have seen many a person are constructing school building( Private as well as Govt. School), hospitals,auditorium etc. They are all contractors. Is GST will be applicable on the work contract service provided by them and what is the rate? is there any abatements, exemptions? Please clarify.

we have come across a invoice where the consignee is out of state and buyer is within State. We apply CGST & SGST. whether it is correct?

Dear experts, Plz make it sure, whether 'reverse charge' in GST is same as 'Cenvat credit utilized' in service tax earlier??? Thanks in adv. -Maya.

The gstr1 is showing as submission in progress error since yesterday also the data input in the doc section vanishes after some time

Can someone help

Hi
One of the client Rajesh garg has not yet finalised his turnover of last financial year and 1st quarter turnover of current financial year due to some adjustment pending.

He need 1 month time to adjust his turnover
But last date of filling GSTR-1 is 5 September.

So how to resolve this problem so that i cant file his GSTR-1

Kindly help me and guide me regarding the same.

how to file gstr1 retrun if there is no quantity mainatined for sales

Hello,

I am facing the aforesaid error after submitting the GSTR1 but before filing the same with DSC/EVC.

Tried to add "Nil/0" invoice in B2C. But the tab is blocked as the GSTR1 is already submitted.

Kindly advise.

Thanks in advance

While filling GSTR_1 I am facing a problem-What to do if on clicking on the submit button it shows that.... Error you have some pending invoice in section : DOC

Person received an enhanced compensation on compulsorily acquisition of rural agricultural land. Compensation include principal amount and interest amount. Will it be taxable or exempt? If taxable then in what context?