SIR

We are having 3 manufacturing units and going to take one more industry for manufacturing by Lease. Can the existing GSTIN be used or newly opened for Leased Unit? And How to operate the accounts whether separately or clubbed?

SIR
Any date has been announced for issuing online invoice under GST ?

SIR

Freight paid by cash on behalf of the seller can be adjusted with the credit invoice by issuing debit note?



Thanks and Regards,
SANKAR

one of my client purchases agriculture produces like seeds,onions,tamotos,paddy etc directly from farmers. my quey is what type of invoices he is required to maintain to transport those goods from farmer location to business place 550kms approx. generally farmers donot have any invoices, Please tell me any invoice format.

Hi

My client having partnership firm covered under tax audit.Duly filed Audit report and income tax return of firm.Now partners wanna to file individual return of income tax return for Ay 2019-20.In tax audit we have shown 350000/- as per remuneration and Rs 226000/- as interest on capital for both partners each.

First question whether both interest on capital and salary will be taxable in partners's individual hand??

if yes what type of expenditures we can claim in individual income tax return of partners to save tax??

Third we have already claimed interest on capital and remuneration as an expenditure in firm profit and loss account?is there any claim/credit against int on capital and remuneration in partner individual tax return?
Suggest effective tax treatment to save tax in individual income tax return.


Regards
Sachin Alwadhi

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...

which amount to be taken in the individual partner return as Partnership share
a) amount calulated in balancesheet in patner schedule
b) amount after Income tax adjustment like DEP, 43B etc

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.