Dear Sir

Shall I go gor composition scheme or regular GST

Regards
Vivek

Hello,
The rate of jute bags was revised a year ago that 5 % if the jute/sake bags price is under Rs. 1000
and 12% if price exceeds Rs. 1000.

I want to know that if the nil rated goods like Wheat, Maize etc. which are pack in jute/sake bags for trade, in that case the GST is required to pay on the amount of Jute bags ?

Kindly advise or share the format for Daily production and Rejection Register to be maintain under GST act 2017.

I am going to cancel my GST registration. I have filed all GST returns (GSTR-3B and GSTR-1) from the date of my registration to till last month, but I did not filed annual returns since my turnover have always been below 1 crore. My question is can I apply for cancellation now or I have to file annual returns before filling cancellation ?

Please suggest and thanks ..

Dear Sir,

One of my client used to show rent income received every year in his books of accounts.

But this year due to lockdown he was not able to take the cheque from the tenant before 31.03.2020. The tenant is now ready to give the cheque but the date of cheque is 31.07.2020.

Can this income be shown as a BRS entry in FY 2019-20 by preparing the bill for rent received on 31.03.2020 and amount received date as 31.07.2020. TDS is also applicable on this rent.

Please help me in this matter.

Regards,
Divyesh Jain

Sir,

Please let me know, whether a Co-Operative Credit Society is liable to deduct TDS on the interest paid to non-members if the aggregate amount of interest paid during the financial year is Rs. 40000/- or more.

Sir
Whether the Sub-contract payment to be shown in Trading a/c OR Profit and Loss a/c?

plz suggest me
thanks in adv

Not deducted any TDS
for transporter because he submitted PAN Card
Declaration ( non deduction TDS u/s 94 c owing less than 10 good carriage).But Our Auditor said that REVISED return must be done against this. How to REVISEDabove return because We have not decducted TDS ( tds value is 0.00)

Sir
I own trucks out of which some of them are under loan. I am also the director for a company.
I agreed with company for providing my trucks for business use and receiving the hire payment on sub-contract basis.
As per the terms of agreement, I receive the hire payment after adjusting all the expenses made by the company including the repayment of my vehicle loan also.

In books of my accounts, I separated all the expenses by crediting the name of company at the time of payment through a journal voucher.

In books of company accounts, While making payment, It debits the expenses and credits its bank account. At the end of every month, it credits all expenses paid for my trucks and debits my account.

Is it correct system for maintaining of accounts?

guide me plz
thanks in adv

The assessee has purchased an immovable property for Rs.1.36 crore on 2nd July 2020 which was owned by 14 persons jointly. The assessee deducted tax u/s 194IA @0.75%. Please advise whether separate returns in Form 26QB for all 14 sellers and separate challan payment will be mandatory ? If the assessee is allotted TAN then can he file the return in For 26Q within 1 month from end of quarter, or he shall have to compulsorily file Form 26QB only within 30 days from end of the month in which TDS was made i.e. by 30th August 2020. Please advise. Thanks