Tax rate applicable
This query is : Resolved
03 August 2019
A registered composite dealer trading of jewellery business.
Selling of jewellery value rs.40000 to customer. Gold received from vaule rs.15000 same customer.tax applicable rs.40000 or 25000 value.
Selling of jewellery value rs.40000 to customer. Gold received from vaule rs.15000 same customer.tax applicable rs.40000 or 25000 value.
03 August 2019
Tax will applicable on Rs 40000/-
As per Sec 15(III) of Act , tax will be applicable on sum total of consideration
As per Sec 15(III) of Act , tax will be applicable on sum total of consideration
Message likes :
1 times
04 August 2019
gold received from customer value rs.15000 treated purchases from un registered
07 August 2019
Sales booked in the books of account is Rs 40000. Hence gst to be paid in 40000
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Putting a heading on received mail
- TDS on TRUST
- Reprocessing of rectification order AY 2025-26
- Section 50-fixed asset-->building ceases to exist
- Consolidated financials
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
