Recent Forum Messages ( Last 7 days )


Replied in :

late fee for August Gstr 3b

Posted by : RAJA P M   21 October 2017

  vinaykumar     
(how the normal small business persons can pay 6000 rs of fees not even tax. .this is soo rude)


I understand....
But, It's going to Rs. 10000....
Then what is the next step...?
Also the September return ll be fall under late fee. Bcoz, You didn't file...

New Topic

Registration as cosmetic manufacturing firm

Posted by : ramesh   21 October 2017

I have just started manufacturing cosmetic products, Ayurbedic products & candles too please anyone sugges wht are the registration required for these all, 

 

I have just registered to GSTN.. if there any other registration required...


Replied in :

late fee for August Gstr 3b

Posted by : vinaykumar   21 October 2017

how the normal small business persons can pay 6000 rs of fees not even tax. .this is soo rude

Replied in :

building renovation expenses it is capital expenditure

Posted by : Ashiwini Ballodia   21 October 2017

If it extend the economical life of building than it is to be capatilised.
If the expenditure is type of AMC than not to be capatilised

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HSN Summary

Posted by : Ganga Sundaram   21 October 2017

No need to fill that descripttion of product also. please guide me

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How to Claim Refund

Posted by : Sharukh Shaikh   21 October 2017

thnx sirr

Replied in :

How to Claim Refund

Posted by : CA Altamush Zafar   21 October 2017

Take refund on filing gstr 3

New Topic

building renovation expenses it is capital expenditure

Posted by : SHABBIR SHIVALLI   21 October 2017

building renovation expenses it is capital expenditure

Replied in :

How to Claim Refund

Posted by : Sharukh Shaikh   21 October 2017

Thank you Madam

Replied in :

correction of gstr 1

Posted by : CA Rashmi Gandhi   21 October 2017

Welcome........

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HSN Summary

Posted by : CA Rashmi Gandhi   21 October 2017

No need to fill HSN Summary if your turnover is less than Rs.1.5 crore.

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Reserves vs Provisions

Posted by : CA Rashmi Gandhi   21 October 2017

A reserve is an appropriation of profits for a specific purpose. The most common reserve is a capital reserve, where funds are set aside to purchase fixed assets. By setting aside a reserve, the board of directors is segregating funds from the general operating usage of a company.

There is no actual need for a reserve, since there are rarely any legal restrictions on the use of funds that have been "reserved." Instead, management simply makes note of its future cash needs, and budgets for them appropriately. Thus, a reserve may be referred to in the financial statements, but not even be recorded within a separate account in the accounting system.

A provision is the amount of an expense or reduction in the value of an asset that an entity elects to recognize now in its accounting system, before it has precise information about the exact amount of the expense or asset reduction. For example, an entity routinely records provisions for bad debts, sales allowances, and inventory obsolescence. Less common provisions are for severance payments, asset impairments, and reorganization costs.

In short, a reserve is an appropriation of profit for a specific purpose, while a provision is a charge for an estimated expense.

Replied in :

purchaser gstr1 submitted & not file

Posted by : RAJA P M   21 October 2017

You are welcome Dear

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Reserves vs Provisions

Posted by : Guru Htc   21 October 2017

reserves rgenerally created out of surplus for specific purpose r generally retained surplus where as provisions r created for specific certain expenses to be incurred

Replied in :

HSN Summary

Posted by : CA Rashmi Gandhi   21 October 2017

No need to fill HSN Summary if your turnover is less than Rs.1.5 crore.

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purchaser gstr1 submitted & not file

Posted by : Trilochan Singh Arora   21 October 2017

thanks sir

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How to Claim Refund

Posted by : CA Rashmi Gandhi   21 October 2017

Refund option not yet available.

Will claim only when option started

New Topic

How to Claim Refund

Posted by : Sharukh Shaikh   21 October 2017

I have done payment under GST but by mistake amount deposit in IGST Cash Ledger then how to claim refund????

Replied in :

correction of gstr 1

Posted by : Aditya Das   21 October 2017

thanks for this information

Replied in :

interstate purchase or intra state

Posted by : Santhosh   21 October 2017

thank you sir


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