CA Siddhartha Bhardwaj's Expert Profile

Queries Replied : 9546

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Aman Agrawal says : gst cancellation and transferring ITC
i want to cancel my gst number due to change in constitution of business from partnership firm to proprietorship can you please help me. there is also ITC available in Partnership firm which i want to transferr to propritorship account.. please guide me

Ssandeep Ram says : Reg- Supplier write off
As per supplier books of accounts there was a 5000 cr balance as well our books of accounts as that supplier is creditor but Debit balance 10000 Dr. We are anable to find out the missing invoice we made 5 years reconciliation but same amount difference now we are decided to write off Rs. 5000 how we passed a journal entry. Kindly give your valuable advise. I thoughts Parties write off Dr(other income) Supplier ac cr

Sagar Gohil says : How should I respond to this notice?
I have received the following notice. Date:- 15/01/2021 Sub:- Non-payment of Service Tax for the F.Y 2015-16-reg. With effect from 01.07.2012 all services, except those listed in section 66D of the Finance Act, 1994, are chargeable to service tax in terms of the provisions of Section 66B thereof.

Soniya mishra says : Income tax
mr.a purchase in february 2011 1,000 equity shares for rs.64,000 and paid rs.2000 as brokerage. the company issued 300 bonus shares in 2013. a sold 500 original shares and 300 bonus shares @ rs.400 per share on june 2016 and paid brokerage rs.2,500. compute capital gain if a invested rs3,00,000 in purchase a new residential house in december 2010. the cost of index in 2010-11= 184 and 2019-20= 289. *

Dhiren Shah says : Need your views
A LLP has taken loan from 2 partners. Now the business is not working and LLP needs to be shut down. But there is no money to pay back partner loan. The loan amount was capitalized over the years. Can LLP close without paying back partner loan? Can LLP write off partner loan and then close? What is the process in such a scenario? Thanks