I am planning to buy a mini CNC machine to be used occasionally in making small components in my proprietorship company . Is it necessary to get IEC code for importing the machine costing less than 1,00,000? It is doubtful that other than this I will import . I have GST registration.

Is it possible to change the date of deed?

Hello sir, I have mentioned the date 5th July on deed but I will get stamp paper tomorrow so will there be problm if there is difference in the date?

How to treat the Security Premium in Balance sheet ?

Dear Experts, we have purchased a lorry in April-2013 for transporting of goods for business purchase only. Also
we have not taken any ITC of Excise duty & VAT.

Now, today we want to sale this lorry while taking benefit of Notf. No. 8/2018 Central Tax (Rate) dtd. 25-01-2018.
And the depreciated value is less than the consideration. (Sales Value = 4,15,000 and Depreciated value = 3,24,000).
Should we charge any GST on this supply?

Kindly guide us.

Rakesh Sharma

Registered Partnership firm having no business during past three years should file ITR 3 or ITR 5..

I was filling ITR2 form. And i selected NRI as i was out of India for more than 183 days.

In new ITR form, i saw this questions.

(i) Please specify the jurisdiction(s) of residence during the previous year -
S.No. Jurisdiction(s) of residence Taxpayer Identification Number(s)
1 _____________________ ________________
Can someone please explain me, what details will go into this?

Since i was in US, will it be "USA" and "SSN number"

Thanks.

Dear Experts Pl let me know , which are form to be filled for incorporation of Pvt. Ltd having authorise capital Rs. 10,00,000/- and Incorporation fee to be paid . thanks in Advance

Dear Experts

My Turnover is less than Rs 50 lakhs. My profit margin is more than 12%. But Still Can I claim 8% u/s 44AD?. Will this lead to concealment of income

Please help

Dear Sir/madam,

We file GSTR 3B filed for the month of Jan-2019 and by clerical error shown excess amount of outword supply and also deposit the tax for the same in form of ITC and cash ledger. for example we shown invoice rs. 100 instead of 10 and also filed GSTR1 .

and we found error in after two month and in the books we corrected the invoice is rs. 10.

now as per our books Debit balance of ITC on Rs. 90
but in GST portal there is no any changes and also itc not available in while in the books ITC due to correct the above clerical error.

so kindly guide us how can we correct the same and used our excess deposit amount.