We have made credit sales of Rs196500/ during FY 2015-2016.Now the party wants to give the full payment in cash. Can we accept cash now from the party? Pl advise.
Answer nowThis provision is applicable for all contractors or there is limitation of turnover also.
contractor means - transporter, freight forwarders, clearing agents
GTA single consignment not amount of RS.749/- RCM applicable or no
Answer nowWhether Presumptive taxation benefit under Section 44ADA is Available for resident but not Ordinary resident? (RNOR) I thought that the bifurcation of Resident -Ordinary and Not -Ordinary is only for the limited purpose of Chargeability of Income in India. And since section 44ADA is Applicable for "Resident" ,I think it is applicable for both Ordinary resident and Not Ordinary Resident. Similarly, please clarify the applicability of Section 87A rebate for Not Ordinary Resident. Thank in advance
Answer nowA company has in its board meeting approved split 1 share of Rs. 5/- in 2.5 share of Rs.2/-.
Further in the same board meeting 1:1 Bonus has been approved. First shares et split and then the bonus shares would be allotted of course all subject to approval of shareholders.
So efectively if one holds one share theoretically he would have 5 shares once the process is completed.
However the question arises is how whether Company can allott bonus shares in fraction?
Would appreciate response!
when is the last date to file GSTR1 for May-21 ?
Answer nowSir,
In case-1
Stock value as per books rs:10 lacs
Physical stock value verify in trade rs:15 lacs
In case-2
Stock value as per books rs:15 lacs
Physical stock value verify in trade rs:10 lacs
Question:
A gst registered above mentioned two cases stock difference value adjustment procedure in books under gst act.
T_FV_4324 Certificate number provided for non-deduction/lower deduction is not valid, please enter valid 10 digit certificate number.
T_FV_4326 For no deduction/higher deduction, no value should be provided under this field.
please explain how to rectify above errors in tds return process in rpu 3.6 of validation 7.1
If a person is director in more than one company then all the companies need to pay directors PT of rs 2500/- p.a or any one company paying PT for director is enough
Answer nowACCESSE HAVE A ISSUE GST NUMBER TILL NOVEMBER 2020 BUT NOVEMBER TO MARCH GST TURN OVER IS ZER. IN SEOT BALANCE SHEET WE HAVE MENTION JOB WORK INCOME APR TO OCT MONTH WITHOUT GST
Answer now
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
Credit sales of Rs196500/