Hello experts, for an ecommerce handicrafts business if we have 50% or more profit margin will it be a problem for vat tax filling. for e.g.: when we purchase products worth 1lakh we have to sell it for At least 2lakh (to cover our expenses of courier and packing). because of this our turnover goes above 2lakh on purchase of 1lakh. so when we file our VAT my CA said we can't go above 50% profit margin. But my question is actual product selling cost is not much but our other expenses to sell those products are high. so is there anything my CA is missing. Is it really not possible to have more than 50% margins. please suggest.

Is there requirement of 9 months Articles for IPCC via Direct Entry for CA?

I filed ITR 4 in July as I have income from business and more than 1 house propery and capital gain.  I opted for 44AD, and declared profit higher than 8% of gross turnover. I received a notice u/s 139(9) with defect type 31, asking me to submit details of P & L and B/S I replied to the notice on line at e-filing site stating that I filed return under "No Account case" as I opted for sec 44AD and these details are not required.  The reply was accepted.  I did not file any revised return. The return has not yet been processed and I have not got refund of tax due to me.

Now I realise that I did not fill any figure in Schedule BP under line 35(i), - Profit deemed u/s 44AD -- which I should have. This may be the reason why ITR has not been processed as yet. Now I am not able to file a revised return or Return in response to Notice u/s 139 (9) . Please suggest what should I do?.    

Hi. My query is regarding TDs on labour charges for making of gold ornaments. Is the jeweller is liable to deduct tax for the maker on account of labour charges paid to them and if yes and what is the rate. And also advice regarding service tax if applicable for the maker.

hello guys need guidance for rfa if x was employee in abc Ltd. .. abc Ltd provides a rent free accommodation facility ..... his salary is 75000 pm and such house is taken on lease by abcltd... how we can do account for that..... WETHER LEASE RENTAL IS CHARGED TO EMPLOYEE ? OR LEASE RENTAL IS CHARGED AS EXPENSES FOR ABC LTD ...

Dear Experts Please provide me the Format of Authority Letter For the GST Registration on the behalf of the Client.

Hii all,
My query is one of our client is having a business of buying & selling of daal, haldi & kumkum in the wholesale market which is exempted from VAT, he has already got registered in VAT long time back & regularly filling nil liability return. now the question is will he be liabile to get himself registered under GST??? is GST applicable on daal haldi & kumkum???
pls suggest as early as possible as if he is liable then we need to get him register under GST...

Dear Experts
Pls clarify my doubt on GST...1) weather GST shall be applicable on turnover exceed 19 Lakh or 20 Lakh....2) weather GST shall be separately on sales portions and separate on service portions....3) weather GST Cenvat on purchase will be available....4) will cenvat credit of input service be available.....5) who will pay GST saler or buyer and service provider or service receiver....6) what is the GST payment due date...7) return of GST will be file monthly or quarterly...8) what will be the due of filing GST return?

Pls clarify the Above

Regds
Amit

. A PROPREITORY CONCERN HAD TAX AUDIT U / S 44AB FOR ASSESSMENT YEAR 2016 – 17. FOR THE A. Y 2017 – 18; TURNOVER IS LESS THAN 2 CRORE & TAX AUDIT IS NOT REQUIRED U / S 44AB. ARE TDS PROVISIONS APPLICABLE FOR A. Y. 2017 – 18.

Dear Expert
Kindly help me with
1. Online registration for Professional Tax for NGO
2. Can we file PT annually
3. Duration to get the registration complete