Dear Sir/Mam,
Please clear below mentioned points:-
1). Is there any threshold limit on short term capital gain on shares ?
2). Can we claim any expenses like brokerage, SEBi Charges, STT, Stamp duty against this short Term Gain / Loss under cost of acquisition ?
3). Is method to calculate of short term capital gain is same for all natures of short term capital gain like Gain from Shares, gain from sale of property ? I heard that cost of acquisition and other expenses are allowed only on sale of property.

Please guide.

1. Assessee's FY_18-19 Total receipt is 22 lac .(required registration in fy 19-20_after completion of fy)
2. FY_19-20 total receipt is less than 40lac.(govt. Extend threshold limit from 20lac to 40 lac. )

As per govt notification for extend limit from 20 lac to 40 lac in fy19-20.

Whether assesee required GST registration In FY_20-21.

Dear Sir

In the month of March WE have paid Insurance premium but due to some issue we have cancelled the same in march month. but now in this month june we have received insurance premium refund after deduted Rs.981/- Please suggest entry in the books of account.

In accounts on our tally GST output ,Input and GST paid entry entered balance amount is payable or receivable .so I entered entry on march
Dr.GST paid
To GST payable ( is paid on April)
all the above is cleaar
Output
Input
GST paid and balance GST payable and yet some amount is shown in duties and tax side on balacesheet how to find it or rectify it

Please let me know, Do we get ITC on marine insurance.?

DEAR SIR / MADAM

MY CLIENT IS RUNNING A MANUFACTURING UNIT [ JELLY CRUSHER MACHINE ] HE PURCHASED SOLLING AND PRODUCED JELLY AND SOLD IT. AND HE IS CONSTRUCTING A RESIDENTIAL HOUSE FOR HIS OWN. HE USED SOME QTY OF JELLY FOR PERSONAL USE [ FOR HIS HOUSE CONSTRUCTION ] HOW TO ACCOUNT IT AND HOW TO SHOW IN GST RETURN CAN I RISE SALE BILL FOR MATERIAL USED FOR PERSONAL PURPOSE OR NOT WHERE TO SHOW IN GST RETURN AND HOW TO ACCOUNT FOR INCOME TAX PURPOSE

PL SUGGEST ME

Hello all,

I am working as a contractor in a factory from last 10 years and now the factory is sold to another company due to no work and our services has been terminated from immediate effect. So we plead to the old management about the problems we will face & hence the management decided to reimburse the retrenchment compensation payable for the employees employed by us for execution of contract service. The management is asking us to give a bill of supply or anything but not a tax invoice under GST, as according to them GST is not chargeable on the reimbursement of retrenchment compensation on closure of work. (reimbursement will be as per actuals). However the company has deducted TDS u/s. 194C on such reimbursements.

My query is: -
1) Whether the management is correct and should i raise a voucher or any other document in lieu of payment receiveable?
2) Whether this amount will form part of my GSTR3B & GSTR1?
a) if yes then where to show it? or
b) If no then there will be mismatch between my GSTR & Form 26AS & ITR?

Please reply at an earliest.

Thanks & Regards.

Dear Experts,
During the billing....there has been two mistake as follows,

1) same Invoice number'invoices has been issued to two dealers,

2) invoice has been issued on incorrect GSTIN of dealer,

Pls clarify...how to rectify these above mistakes

Thanks
Nikhil

Dear All

Can an employer reduce Gross salary by Rs 2,000/- to accommodate PF part of employee( Rs 1,500) from employee's hands itself? Example, if a person Gross is Rs 25,000/-, for which employee contributes 1500/- his part PF and employer another 1,500/- for June month salary. Where in July, his Gross is reduced to Rs 22,000/- so that Employer's share also is paid from employee.

If the same cannot be done through any section/law or by any legal case verdict, please mention the same.

Please feel to revert for further clarifications.

Dear Sir,
I have booked an Invoice and booked GST in our books in the month of September 2019. But I had not taken Input Credit in GSTR 3B as the same was not reflecting in 2A. Even it is not reflecting till today.
So Please confirm within how many months I can claim Input Credit ? Is it 6 Month from date of Booking in Books or from date of Input reflecting in GSTR2A ?