TRANSPORTATION LOCATED IN DELHI, BUT HE LIFTED GOODS FROM PUNE
AND TRANSPORTED GOOD TO KARNATAK PARTY. BUT BILLED TO PUNE PARTY .

WHETHER IGST RCM APPLICABLE OR CGST,SGST APPLICABLE

I had registered for ICWAI in 2009 at Kottayam Chapter under 2008 Syllabus. I completed oral coaching at chapter and got Oral Coaching Completion Certificate. After 1 attempt I dropped the course due to my personal reasons. I would like to complete the course now. I applied for revalidation Coaching on 04/06/2018 and was valid only upto Dec.2019 examination. Can any one guide me next step to appear in June 2020 inter exam. What may the Syllabus. Can I apply for Denovo or Apply for Revalidation. What may the fee? It will be helpful if I got a Step by step process.

At the end of the FY, Provision for Audit Fees has been made with out GST in the books of accounts say Rs. 3000. When the auditor has issued the invoice of audit fees Rs 3540/-, how to make the entry of GST portion in Tally, so that it can show in my GSTR 3B Form in Tally..

Here client is a registered person (under GST)

Please tell me the journal entry in details ..


Thank You

Dear Sirs,
Shall I claim Depreciation on rented Vehicle Purchased on Loan and paying Interest on loan.
Kindly advise.
Thanks in advance,
K.B.Nagesha rao
9448826793

sir following questions are related to Trust NOT registered U/S 12A;
1) trust deed specifies that income of the Trust is not to be distributed to the members' of the trust, so can v assume that the members' share is determinate while filing ITR 5 treating the unregistered trust as an AOP?
2) the trust is mainly run by members' contribution, so can member's contribution be treated as income or does it form part of corpus fund?
3) are expenses done towards charitable activities allowed to be deducted from the members' contribution ?
4) if none of the members' income does not exceed basic exemption limit, and AOP is taxed at individual slab rates, whether tax is computed on net income after deducting all the expenses or gross receipts ?

Kindly help regarding the above issues and also any other valid point relevant.
Thanking you in advance.

The Sl. No. 13 of Notification No. 12/2017- Central Tax (Rate) dates 28.06.2017 exempts Charges on renting of precincts of a religious place meant for general public, owned or managed by an entity registered as a charitable or religious trust under section 12AA of the Income-tax Act, 1961, where the charges are less than ten thousand rupees per day.
My query is whether the exemption is Service recipient basis or Service provider basis. That is is it exempt if the charge per customer per day basis or is it exempt only if the total charges in a day is less than Rs. 10,000. I have made brief interpretation of the provisions. Any one clarify on this matter:
The key word “Charges” is used in the above notification. Whereas, in the S. No. 14 of the same notification, the words “Declared Tariff” is used in the notification to exempt room rent where the declared tariff of unit accommodation is below one thousand and not the actual “Charges” for room rent. That means it is the standard rent which is specified in Sl. No. 14 to exempt the service irrespective of the actual charges. But for Sl. No. 13, the GST is exempt if the actual charge for the one event of renting hall is less than Rs. 10,000 and it is not the standard rent. Hence if the charges for a particular Client is more than or equal to Rs. 10,000 then the GST is leviable and if the actual charge for a particular client for an event is less than Rs. 10,000, GST is exempt.

Further, if the charges per day for a particular client for an event is less than Rs. 10,000, the GST would be exempt. The key word “per day” is used to arrive at a taxability of renting of hall where it is rented for more than one day. Hence in such case, the proportionate rent per day shall be arrived at to verify whether so arrived rent is exceeding Rs. 10,000 and if so, the GST is leviable. If there are multiple events of renting hall in a particular day and if the charges for each such event is less than Rs. 10,000, the GST is exempt for all those events even if the total charges in that day is more than or equal to Rs. 10,000. This is because the total charges for each recipient of above service in a day does not exceed Rs. 10,000.
From a reading of the above provisions in Sl. No. 13 and 14, it is interpreted that it is the charges levied to each specific customer for a particular function for a day. In case the charges levied on a customer does not exceed Rs. 10,000 on a particular day, then GST is not applicable.
This is construed that even though the total hire charges for the hall for different events for different customers collected on a single day exceeds Rs. 10,000, GST is not applicable, this is due to the fact that the levy on a customer for an event is below RS. 10,000. This is on account of the fact that the GST is levied not on a fixed tariff for the hall, but instead on the charges levied which may vary from customer to customer and for event to event depending on the usage and the time.
Please comment on the above.

What is GST tax rate on mining drilling job work done through compressor machine in mines whether GST at 18% of GST at 12%. pls reply

Dear Sir,
1. Kindly let me know How to post Entries for a Bond bought at Discount in Tally?
Facts are :
Bond bought for Rs.960/- (Market Value) on 15.01.2020.
Face Value : Rs.1000/-
Discount : Rs.40/-
Maturity Date : 20.3.2026.
Coupon : 10.15% p.a.
Frequency : Annually.

2. Also let me know wehether we should use Straight Line Method or Effective Interest Method for Amortization of Discount?

An individual is having business to provide banquet halls on rent and also providing foods during the function exclusively to his banquet hall.

what will be applicable rate of GST? Also seperate invoices are to be raised for Hall rent and Food?

Please clarrify

Please gude me how and which column to be filled in GSTR - 3B on Outward Services covered under RCM (i.e. Services of GTA)??