Sometimes supplier receives invoice from service receiver e.g. in case of money transfer business, Airtel Money Transfer issue invoice for acceptance to service provider/supplier. The invoice is for a particular period say for the period from 01.04.2019 to 30.04.2019 but invoice date is say 15.05.2019. Now in which month should the supplier show the income and pay GST? In April, 2019 (i.e. the period for which he provided service) or in the month of May, 2019 as the invoice date mentioned by service receiver (Airtel Money Transfer) is 15.05.2019.

If net profit is 60,00,000 and we have paid advance tax Rs.5,00,000 then provisional for tax what in balance sheet at time of making ???

What should be the net taxable income to claim rebate u/s 87-A for the Ay 2019-20 ? I have heard upto Rs 5,00,000 rebate u/s 87-A can be claimed for the Ay 19-20. Is it correct ?

I have query regarding GST.
I am receiving amount from govt for the work done regarding construction. Total GST that to be received from govt is 12 percent but govt going to pay only 5percent and remaining amount to be availed from input tax or even the liability is more payment to be done through bank. Regarding this case I have clarity regarding what is need to credited but my doubt is what is to be debited. We can't debit the govt bcoz nothing is going to be received from govt. then what is to be debited. Please help me regarding this. Thanks in Advance😀

Hello sir,
I have a query regarding transfer of properties

I have a client who deals in construction activities. Can he transfer/sale a property on which he has made the flats, he has not the ownership of the property, property is in the name of third party. Can he make the agreement with third party for transfer of property. What is the implication under Income Tax/ GST. whether it is possible to transfer the property which in in the name of other but he has made the construction.

Dear Expert

We have supplied some parts to Interstate buyer but the parts are rejected at customer place.

Customer has raised the Invoice to us and send it back and he uploaded in GSTR-1 return.

Now how can i treat this sales return because he has already uploaded in their GSTR-1.

Hello,

I want to know the GST rate and Customs duty on import of Pulses like Green Gram, Chana, Pigeon Peas etc into India.

Any reference to the notifications issued by the Govt will also be appreciated.

Thank you
Mahavir

Sir, My last month Purchase GST credit is CGST 10000 and SGST 10000 but I had wrongly taken Input Tax Credit CGST 20000 and SGST 20000 can I rectify this error

Dear All,

Please suggest me that if any NRI having NRE/NRO account in India received some part of his income in the above account but tax is not deduct by the employer on the same amount, whether such income is taxable in India or not? please provide me base for taxability or non taxability of income received in the NRE/NRO account.

Dear Expert,

Can we Use Below Invoice Series for our Sale.

Apr - 19 Inv No 004/1 to ............
May - 19 Inv No 005/1 to ...........
June - 19 Inv No 006/1 to ..........
till
Mar - 19 Inv No 003/1 to.....

Please confirm