23 October 2019 at 17:14


Please confirm and suggest Gst on Job Work
As we are Manufacturer engaged Steel Forging and doing Job Woks out of Steel Ingot/Bloom etc to Forged Steel Round/Blank/flat etc the activity is Manufacturing Job Work, Please suggest the rate of GST applicable from Oct 19 as per Notification No 20/2019 Central Tax dt 30.09.2019

23 October 2019 at 15:39

Capital Gain Tax

Hi, me & my friend buy a agri land 5 years ago and land registered on my friend name at that time due to am not in station. recently we sold the same land received the amount but the sale deed executed on my friend name only. Now my problem is should i can claim the return agri land as a capital gain for MY IT Return. Me and my friend having a internal agreement (MOU) saying that both are having right on that land.
Please suggest.

23 October 2019 at 12:35

Work contract composite supply

how to calculate gst tax
if gross payment :- 1955728.00
gst :- 39115.00 by deduction nagar parishad motihari
I.T : 44317
purchase input :- 35012

23 October 2019 at 12:11

How much deduction can be avail.


My Book profit in partnership firm is Rs 313919.
Now salary of total partners is 108000.
An interest paid to total partners is 94100.
Now taxable income will be (313919-108000-94100)=111819.
Is this right as per new rule , how much amount of salary taken for partner to get deduction.
please suggest.

23 October 2019 at 11:43

GSTR-1 Invoice Update


My question is
Example Invoice:

Taxable Invoice : 1000
+ GST : 50
= Total value: 1050
+ Transaportation Cost : 50
= Invoice Value : 1100

Transportation cost not included GST

What should i enter in Taxable Value and Invoice Value in GSTR-1

23 October 2019 at 10:46


In one of my clients case,

he has not shown vlaued rs 76,00,000 sales in the year 2017-18 which we have paid via DRC -03 , how ever i have done a big mistake , my assistant has by mistake paid 18% gst instead of 12 % , please confirm how to move with the above transaction, i have already filed DRC -03 ,
please confirm how to get the balance 5% which i have paid extra via DRC-03

Debtor velocity ratio - 3months
Stock velocity ratio - 6months
Creditor velocity ratio -2months
GP ratio -25%
GP for year -500000
Closing stock 20000 more than opening stock.
B/R -150000
B/P -83333
Find sales,debtors,creditors and closing stock?
Please give your contact no. with ans. if you give Ans. so, for any queries related to this question I call you

22 October 2019 at 22:58

About taking transfer in 2nd year

hello sir,

my name is vijaya from karnataka. i am in second year of articleship and i want to take transfer from current firm so please guide me.

22 October 2019 at 22:26

ICWA Final 2 groups

Hello Professional
Good Day. Nameste

1st time I am doing ICWA Final 2 groups
Please tell me
1) easy guide books for ICWA Final 2 groups
2) GOOD Tuition Centers on daily class in Bangalore
3) Pre-recorded videos (English . I do not know Hindi)

Adv Thanks
callbalaji at yahoo.com

Balaji Subbu

22 October 2019 at 22:17

Non resident taxation

Mr.X , a Non resident, transfer money to Mr. Y resident of India, say amount 10 crores, Y uses the money for his business and remitted the amount of 10 crores after getting profit to Mr.Z, what will be the tax treatment in hands of Mr. X, Y, Z?
X and Y are not related party, X and Z are related party.
Explaination with provision is helpful.
Thanks in advance

Online GST Class    |    x