I've done CMA and doing my practical training from a leading company, but along with I also want to do one more professional qualification so I'm planning to do CS because of training and various particular subject exemption. So my query is that, will CS good or go for CA.

Sir,
I have faced one issue, we valued Cost at Lower Price including GST and reported the same in BS for AY19-20
But it was informed that the Valuation reported should be excluding GST.

Please inform what is correct? whether to include GST with COST or not?

Awaiting reply,
Thanks in Advance

Tribhuvan

Hi,

What is Accumulated Depreciation ? When to calculate.

We should require your opinion on one issue that we have provided Cleaning Exempt services to Municipal corporation and they have deducted TDS on GST @ 2 % same will be not applicable on Exempt services . Is it possible to take this TDS on GST as we do do not have any output and is it possible that if we take it than we will liable to pay tax on all exempt sale please guide

Mr. A has sold a residential plot for RS. 75.00 lakhs on 10/4/2016.
He don't have any residential house as on that date.
He wants to claim exemption u/s. 54F and so purchased another residential Site for RS. 80.00 lakhs on 15th May,2016 itself. He has constructed house on the above site before March,2019 with his own funds.
He has not deposited any amount in Capital gains accounts scheme.
Is the claim of 54F is correct?
Is there any case law?

Sir/madam
An individual person being a financial or operational creditor give loan or trade activity with an individual which was not recoverable after due notices and now, Can financial/operational creditor sue his case under which case or code?

Dear Sir,
Cotton, under headings 5201 and 5203, falls in the 5 per cent tax slab. But as farmers are not liable to pay tax and not registered under GST, buyers of raw cotton will be required to pay the tax on reverse charge basis
If trader purchased cotton from farmer and sold it to Ginner then how trader will Claim ITC

IN GSTR -9 AND GSTR-9C WHERE TO GIVE EFFECT OF RCM PAID AND CREDIT TAKEN THEREOF IN SEPTEMBER 2018 FOR F.Y 2017-18

RESPECTED SIR,
MY RENTAL INCOME FOR THE F.Y 2017-18 WAS RS. 10.50 LACS AND RS. 22.00 LACS IN THE F.Y 2018-19.

AM I LIABLE TO PAY GST ON RENT ?

PLEASE GUIDE ME

Sir,
Which itr we should select for zomato Delivery boy. Tds have been deducted under 194c.
Thanks,
Senthilkumar