Question
X ltd give a property on rent to y ltd for 20,000 p.m. Y ltd give security deposit of 5,00,000 to x ltd.
Interest on security deposit is 12%p.a
Gst rate is 18%
Tds on rent and interest is 10%
Pass one Journal entry in receipt of cheque
X ltd bank in pnb
Y ltd bank in sbi
Answer is bank dr by 17100 only by how?

Hi,

I need to understand how to compute interest on delayed payments to MSME vendor . Please provide example. Also what is rate of interest on delayed payments to MSME

FOR AOP WHICH ITR IS APPLICABLE ?

Dear Sir/ Madam,

How to show ITC which was not reversed in GSTR-3B from 01.07.17 to 31.03.19 for FY 2017-18.

In Annual Return form-9, there is point no. 7 to show ITC reversal. Query- in point 7, we have to show ITC which was reversed in GSTR-3b point no.4. Can we show here the ITC which was not reversed in GSTR-3B from 01.07.17 to 31.03.19 or not

Please Let me Know .....LLP firm can Borrow Funds from NRI Person...???? OR Resident Indian Can Borrow funds from NRI and Utilized in Running Business....?? And NRI Person File its return in India and have NRO Accounts.

Kindly reply Urgent ......

Dear Team ,

As Someone earning income from service ( Not Sale of Product) and as per 26AS TDS Deducted by parties U/s 194J and 194C and professional service also not covered U/s 44AA .

so can we use SEC 44AD for Income calculation or we need to go normal provision of income tax.

Sir/Madam

we are registered in only Delhi under GST Act not in other state but we want to sale our goods directly to Ambala Party from Gandhidham Port.

is it possible ?

if possible please refer to me legal provision of GST Act.

Dear Expert

Kindly advise how to prepare ITC-04 new format is available in the GST domine.

It is totally changed from earlier format like now they are asking Wast & Scrap details.

Is there any time limit for getting a UDIN? What is last date to get UDIN on Balance Sheet for FY 2018-19?

Employer provided company owned accommodation to it's employees and recovered license fee from them. But the employer does not give HRA to the said employees which is 24% of the salary. In this scenario whether the accommodation shall be charged as perquisite in the hand of the employees.