I am a retail dealer of sanitary and other items.The book value of my closing stock as on 31.03.2017 comes about 70.00 lac. But out of this stock, a stock of approx. 10.00 lac has been completely damaged due to flood in my godown. I want to reduce the book value of my stock by 15.00 lac. Can anyone guide me as what entry should I pass in tally to give effect to this ?

Suppose for example there are two registered dealer for GTA services MR A & MR B - Both are registered and provide GTA services
Now GTA is under RCM
Now MR A provides GTA services to MR B
Now Mr B has to pay GST under RCM
But he cannot claim that input as he also provide GTA services which is under RCM.
So will MR B get refund for GST paid under RCM for services received by him From Mr A

Sir,
Explain about reverse charge in GST

Dear Sir,

We are investing in Mutual Fund from last 2 years, I have queries regarding the MF. How to know that the fund is equity oriented & Other than equity Oriented & What is debt Fund. What is the Holding period for Short Term & Long Term Capital Gain. What is the Tax on Capital Gain on redemption on Mutual Fund Units.

Please advise in above matters.

Thanks & Regards

Dear Sir/Mam
I want to know the state jurisdiction of business, sector/ward/circle.

Dear All,

how can we Decide wether to opt for Composition scheme or Normal scheme so that we can get the best benefit out of GST ?

Regards,
Zoheb Pardesi

Sir,i have got gstin in january but status is pending verification,some information like contact and email is wrongly feeded .
At that time my firm was a partnership firm,by mistake my accountant feeded partner's pan card number instead of partnership pan card number.the status there also shows pan card does not match the constitution of business
On 1st april we changed the constitution from partnership to propritership and now proprietor is the same person whose pan card was wrongly mentioned.
There is no way given on the website to ammend all these things
Kindly help

Dear Sir,
My friend had actually received Rs. 25000 from insurance company and its TDS is Rs 1250/- and this details are as per Form 16A .
But in Form 26AS amount paid/credited is 19000 and TDS is 1250 /-

My question is that- In Income tax file from amount paid /credited, which amount to show as per form no 16A or 26AS. i.e , Rs 25000 or Rs 19000.

Hi All,

Good Evening !!

We have to take the registration under GST as a proprietorship firm, So I have already applied for the GST registration and successfully withdrawn the TRN No. and now I have to proceed for the complete registration and now stuck in the section of "State Jurisdiction - Sector/Circle/Ward/Charge" and "Centre Jurisdiction".

And the principle place of business of firm is " SHANKAR GARDEN, VIKASPURI". Kindly help me out to know about the state jurisdictions and centre jurisdiction for the concern location.

Kindly help me out on it as soon as possible as the due date is near to fill the further details in order to complete the registration formality.

Thanks
Anand Bisht

Sir there is a lot of confusion regarding the status of tax wheather metal bangles made of aluminium,brass and iron are taxfree or not.
Also bangles made of brass and iron with glass stones and plastic stones are taxfree or not.
Kindly help