WE WISH TO SOLD OUR OLD MACHINERY.
IN REGARD OF ABOVE MY GST RELATED QUERY ARE AS UNDER.
1) IF SELLING COST OF MACHINERY IS HIGH THAN DEPRECIATED COST OF
MACHINERY- IS GST LIABLE TO PAY ON DIFFERENCE VALUE.

2) IF SELLING COST OF MACHINERY IS LESS THAN DEPRECIATED COST OF MACHINERY- IS GST NOT LIABLE FOR PAYING

3) IS GST LIABLE TO PAY ONLY SELLING COST OF MACHINERY ( I.E NOTHING RELATED TO DECIPHERABLE VALUE )

PLEASE GUIDE. METHOD APPLYING GST ON SELLING OF OLD M/C .PLEASE NOTE THAT THIS M/C IS NOT SCRAP. ( THIS IS SECOND HAND SELLING TRANSACTION )

res sir,
i am working in prop. based firm and , its has 3 sister concerns , they have internal transactions. kindly adfvise me how i written off their accounts
1. by issue sales bills 2. by cheque issued , whats the best way

thanks and regards

We are registered under gst as other transporter ..can we are eligible to take credit of input tax ..if we purchase tyre for our vechiles...

Ours is pvt ltd company. There was a delay in payment of esi contribution for Apr'12 to Jul'12 & Apr'15 for which an interest amount of Rs.1912 has been incurred till date. We want to pay the same. What would be the journal entry for payment of the same.

I(LABOUR CONTRACTOR) AM GST REGISTERED INDIVIDUAL AND TAKE A CONTRACT WITH A FIRM (PROPRITORSHIP ) REGISTRED UNDER GST. MY WORK IS LOADING AND UNLOADING BAGS AND PACKING OF FINISH PRODUCTS.
MY QUERY IS -
1. I CHARGE GST 18% ON AMOUNT, CAN FIRM TAKE GST INPUT OF SAID GST?
2. CAN I TAKE ANY INPUT TAX CREDIT LIKE TELEPHONE EXPENCES ETC ?
3. MUCH MORE ?

SIR
IF LIABILITY WHICH RATE OF GST WILL PAYABLE FOR INPUT CLAIM
5% OR 18%

SIRS
PLEASE LET ME KNOW, WHILE FILING GST ANNUAL RETURN GSTR-9 FOR THE FY 2017-18, THE EXPENSES BOOKED UNDER TRANSPORT CHARGES IN THE PROFIT AND LOSS ACCOUNT WILL BE LIABLE FOR RCM.

IF LIABLE, THE LIABILITY WILL BE DISCHARGED THROUGH AVAILABLE CREDITS OR TO MAKE THE PAYMENT IN SEPARATE CHALLAN. (DIR-03).

PLEASE CLARIFY

Dear Expert(s),

I am expected to receive around 10L as pension arrears which is due for the past three years. I was filing my IT returns promptly for the past three years with income less than 1L as no pension was sanctioned to me at that time. Now how to revise my IT returns and account my pension arrears with the corresponding years so that my tax liability my be reduced. If the income is put into whole in the current year, I may be liable to pay 30% on the arrears. Please guid me.

Thanks in anticipation.

With regards,
V. VASUDEVAN

Sir/Mam
For A.Y 2019-20,while filing online itr-3,the business code '21008-other professional services n.e.c' not showing in 44ADA.But it is showing in 44ADA.Previous year(A.Y 2018-19) kindly actual Business code for Other service.

Dear Experts,
I have got a land on lease which has coconut trees, mango trees and Aricanut trees and I have done secondary processing Activities and sold the produce. Is such sale an agriculture income or not?