As per GST authorities, GST credit on the services which are exclusively used by Head office (Maharashtra) cannot be distributed among factories outside Maharashtra as input service distribution. e.g. Rent of HO, security services at HO, printing and stationery etc. According to them, these credits have to be distributed only to Maharashtra normal registration. Since there is no activity in Maharashtra, we used to distribute these credits to factories in sales ratio earlier to other factories outside Maharashtra. Is the stand taken by authorities correct?

I have purchased carry bags to put customers items in it. Under which head should this expense lie in the book of accounts?

I HAVE COMPANIES HAVING UNSECURED LOAN FROM DIRECTORS & RELATIVES AS ON 22.1.2019. WHETHER REQUIRED TO FILE DPT-3 . AS LOAN FROM DIRECTOR & RELATIVES NOT COVERED UNDER DEPOSIT RULE AND EXEMPTED UNDER SECTION 73 AND DEPOSIT RULE 

Can I sell my textile goods like cotton bedsheets, shirts at Rs1049 including taxes at GST Rate of 5%?

Regards

Shubham

8766527336

WE HAVE PAID HUGE AMOUNT TOWARDS LOAN PROCESSING CHARGES
TO BANK. SAID BANK GOVERNING NETHERLAND COUNTRY BY-LAWS.
THIS BANK SITUATED IN MAHARASHTRA.
THE BANK CHARGED GST ON PROCESSING CHARGES.
THE SAID PROCESSING CHARGES PAID FOR AVAILING HUGE AMOUNT OF
TERM LOAN.
MY QUESTION - IS WE ARE LIABLE TO PAY TDS ON PROCESSING CHARGES

Dear Members,

Please give solution to the following

Company has following profit /loss as per books

Rupees In lakhs
profit /(Loss) depreciation Total
2010-11 32 2 30
2011-12 42 2 40
2013-14 (6) 2 (8)
2014-15 (3) 2 (5)
2015-16 20 2 18

1) In the above case how much is the brought forward loss & unabsorbed depreciation for the year 2015-16 for MAT Calculation?

if brought forward loss is 20 lakhs & unabsorbed depreciation (UBD) is 10lakhs in previous year & UBD 10 lakhs is fully utilized in the current year as per MAT provision .

2) in this case how much is the loss & UBD can we carry forward in next year ?

please give the explanation in detail

Thanks in advance

Some Invoices of F Y 17-18 were uploaded in F Y 18-19 on GST Portal

Now if I correct the error by amending invoices with F Y 17-18 dates

How will the liability towards changed invoices be settled ?

GST on these invoices is paid in F Y 18-19

IS RCM applicable on above services. Please explain the concept and Applicability of the same.

DEAR SIR

ANY ONE SUGGEST ME THAT DIVIDEND RECEIVED FROM CHITS FUND [Commission ] ATTRACTS GST OR NOT IF ATTRACTS WHAT IS THE RATE OF GST

Is Professional Tax exist in the state of Goa, Please confirm.