Hello sir,

what is obligation for advance licence. ( advance authorisation) how to calculate it.
can you please advice in details along with formula.

Regards
Rahul Sonawane.

Dear Experts,

I have a query in respect of section 44AD applicability.

If an assesse's books of accounts are getting audited from last 5 years (not beacause of having turnover exceeding 1 crore but to show profit below 8% of turnover) can he opt for section 44AD for financial year 2018-19?
Turnover for F.Y. 2018-19 is 1,10,00,000 rupees.

Please do suggest.

Dear All,

If we have missed to reversed ITC related to FY-2017-18 till March 2019. Can we reversed it now in GSTR-9 (Annual Return). ?

Please Guide

Hello All,

I have a query.
Our company is engaged in the manufacturing of Telecom Equipments. As per cost record rules and the proviso to rule 3 under the Companies Act, 2013, if a company falls under the classification definition of Small Enterprise as per MSME act, then Maintenance of Cost Records is not required. Our company falls under this exemption criteria as our investment in Plant and machinery is less than Rs. 5 Crores but more than 25 lakhs, although we dont have MSME registration or Udyog Aadhaar Registration.
Considering the said exemption is the maintenance of cost records and cost audit applicable to us. ?

Thanks,
Dhananjay Jitesh Pandey
Company Secretary

My wife is running a garments boutique in Guwahati, Assam. She in unregistered under GST as her turnover is less than 40 Lakhs.
She wants to participate in exhibition (display cum sale) within Assam. Does she needs to get any registration under GST.
Some organisers are not alloting stall without GST registration.

Dear Experts,

I am Salary person as well as partner in one partnership firm and from there i am getting partner remuneration for FY 2018-19 My query is as follows:
1) which ITR form applicable for me
2) if there is ITR-3 then in which sheet and where i am have to show this partner remuneration amt Please suggest

Thanks you

Sir,

proprietor has a purchase some personal item like, Wallet, Cloth, tie, bag etc he paid amount from current account. Please suggest how to adjust the same in books of account.

If we accept online work at home like people per hour website or fiverre or upwork we receive foreign currency. Is it ok to accept foreign currency. do we fall under FCRA rules. pls advice. In india is it acceptable

I have deposited amount under head CESS while making payment for GSTR 3B instead of SGST. There are no transactions for which I need balance in cash ledger under CESS head. Now I need to know how can I adjust that CESS amount. I heard about the option of PMT-09 but it is not available on Portral. So can we file PMT-09 in offline mode in format as prescribed in notification. or else how much time it would take to get refund of Excess amount paid in case I opt for Refund option. Please guide me as amount involved is quite high and need urgent solution.

I have made a payment through DRC 03 due to some clerical error Extra amount paid through set off from cash ledger balance how it be reversed or I can get refund?