18 September 2019 at 02:18

Book keeping

Sirs, As a Private Limited Company Registered in 2018),
I have plans to export a product ( I have obtained IEC, GST etc.) and to understand the industry, right now I am sourcing buyer from overseas and getting paid for it by the seller.
How to account for the consideration I am receiving from the Seller in the books of accounts and its GST implication and other Income-tax implication.
I shall be obliged if I am guided in this issue.


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17 September 2019 at 20:57

Omission of sales in 2017-18

While filing the monthly GST returns for 2018-19, there is an omission of turnover of Rs. 19,55,000/- . How to bring this omitted supply into the GST returns ? Can the experts enlighten me in this regard?


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17 September 2019 at 20:33

Business loss carry forward

i have filed itr of a.y 2017-18 after due date loss of that company 9500/- in that year. and i have filed itr of a.y 2018-19 before due date losses in that year 28789 now i just filing itr for a.y 2019-20 profit for the year 41702 now can i adjust loss for a.y 2018-19 amt of rs 28709/- . i cant adjust loss for the a.y 2017-18 bz i have filed itr after due date than what i do pls suggest me what i treat of amt of rs 9500 in book of account...????


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17 September 2019 at 20:08

TRUST PROPERTY

1) Can a proerty of a charitaable trust be rented out and its income is used for donation ?

2) Is any court permission is required for it ?


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17 September 2019 at 18:30

Transporter giving GST Bill

Transporter giving monthly Trpt bill with charges 5% GST. Then also there is limit of 750/- & 1500/-


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17 September 2019 at 17:57

INC - 22A

My company had 2 directors, out of which one had died. DIN-KYC of Dead director cant be done, Consequently, INC-22A {active} cannot be filed either. Since INC-22A not filed, DIR-12 for appointment cant be filed. Also DIR-12 for Cessation could not be filed as the minimum falling below 2. Please suggest a way.


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17 September 2019 at 17:49

TURNOVER MISMATCH

Hello ,
Iam Balamurali from coimbatore ,tamilnadu
when i am filing GSTR 3B done an clerical error thats means GSTR 1 and Books of accounts are matching both taxable value and tax but when filing GSTR 3B done an mistake. For an example if taxable value is 300000 i have showed as 30000 and 400000 wrongly entered as 4000000 . but tax is matched in GSTR 1, 3B and books of accounts what will be the impact , what will the problem arise . still I didnt received notice regarding this issue.


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17 September 2019 at 16:27

ITC

Will ITC be allowed on GST paid on higher education fee of employee paid by a Pvt Ltd Company, so that he can benefit organisation in long term.

Please guide me with section under GST law ?

I m waiting for your reply as soon as urgently

Please
And Thanks in advance


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17 September 2019 at 15:37

Promotional exp document

Respected sir
we are in the business of promoting the goods and service of others by distributing coupons promoting the goods and service of others through discount card programme.
now one party has provided 1 with 1 free items by using our application.
it was agreed that rs.20 will be payable by us to party per redemption .

Now my question is what document will be require for us for making payment to party ?
what will be tax liability on our part ?

please advice for the same.


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17 September 2019 at 13:00

Sec 269SS and Sec 269T

ABC Pvt Ltd, a finance company had made a Gold Loan Advance of Rs 25000 in cash to customer on 10/08/2019 and the Customer Repaid it in cash amounting Rs 28500(including interest) on 10/09/2019.
1. Provide Expert opinion on Applicability of Sec 269SS and 269T on the above transaction.
2. In above transaction, which person will be held liable for the Sec 269SS and 269T (company or Customer)?


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