A registered composite dealer trading of jewellery business.
Selling of jewellery value rs.40000 to customer. Gold received from vaule rs.15000 same customer.tax applicable rs.40000 or 25000 value.
Last FY i made a short term loss of 6000 Rupees in stock market.
If i am not interested to carry forward the losses to next year, do i need to show this in my ITR?
Is it mandatory to carry forward?
During May 2019, we have wrongly calimed input under CGST and SGST instead of under IGST, how to rectify this mistake in GST site
R S Sai Kumar
Taxation Consultant
Dear sir/ Madam,
My doubt is we received input credit in Oct 2018 on Bank term loan . we have taken that input credit but till that amount is not showing in GST portal . we called to bank they are saying that it is not possible to reverse that return.
How to rectify this input credit..... Please suggest me .
Thanking you.
Sir, One of our customer deposited cash in to our companies current account Rs 3,50,000, so as peer section 269 st does we (receiver) have to pay penalty of 100 % of that amount received
If turnover of hotel without restaurant is lessthen 20 Lacs per year and tariff is more then 1000 for some rooms and for some rooms tariff is less then 1000 ....
are they liablee to get registered under GST ??
Can I pay rent to my landlord in cash amount to RS 12000 and claim HRA thereof? I am having a rent agreement and the landlord will show income from HP in such case .
A company received an Invoice from ISO certifying agency which includes Registration fee. Shall we deduct the TDS on amount paid for Registration fee? If yes, Is it u/d 194J?
Dear Sir,
I am sale a motor car through car 24 agency @ 398000/- where as my car book value is 410000. I am doing below entry
Sale on Car 24 - Dr 398000/-
Loss on sale of car - Dr.12000/-
To Motor Car - 410000/-
My questing is which head is Car 24? is it Sundry Debtors?
Kindly help.......
Regards,
Raju Dey
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
CAclubindia
Hsn codes