Sir, I have submitted GSTR 1 but not filled for the period July 2018 to Sep 2018 as Quarterly returns, but by mistake I have entered the data only for the month of Sep.2018 but not for entire quarter and how to update july & aug. PLEASE KINDLY ADVISE.

Hello, I made payment to transporter agency in cash for carriage of agricultural produce amounting to 50000/- In this case section 40A(3) will be attracted.. further tds have to deduct.. but the transport is not ready to receive the amount in cheque nor ready for tds deduction.. Business is totally dependent on these services ..what can be done?? please help

What will be the FY end date for a newly incorporated Company , Date of Incorporation- 25/06/2017

in which year capital Gain Tax arise

Date of agreement 02-05-2017

payment of stamp duty 05-05-2017

Date of transfer of possession --pending ( more than 17 month) still sellers resides in building and not vacated the house property...

please share your opinion...

Thanks and regards....

One of my client is a registered society under MP Societies Act and they are running a school. Gross Receipts of school does not exceed 1 Cr.. So we want to claim deduction u/s 10(23c)(iiiad).

So is it compulsory to take 12A/12AA registration or we simply take deduction u/s 10(23c)(iiiad)

Kindly Reply

Sir/Madam,

I recently issue a sale bill worth Rs. 67350, and received the same amount by Cash. Can I enter(in Tally) this cash receipt in a single entry?

I recently received an Invoice for machinery maintenance expense worth Rs.23640. Can I Pay full amount by Cash?

Dear Sir,
We have by mistake deposited GST under RCM on rent paid to an unregister dealer after 12th oct' 2017 i.e. after RCM 9(4) postponded and accordingly booked ITC after making payment .
One of the Expert advised me to reverse the ITC taken in the above case but my view is that I have taken ITC after making payment under RCM . I have not taken extra ITC .

Pls advise...................

Sir,

I have received one export order from Bhutan customer with CIP terms. as per their guidelines they want material by road.
we will arrange transport and send the material from up border. now please explain is there any shipping bill generate or not.
what to saw in GSTR-1 return. we will get currency in INR from customer.
is there any separate documentation require for this transaction? its LCL shipment.

My Turn over is Rs. 1.30 Crores so which clause is application i.e.

1. Clause (a) – If total sales, turnover or gross receipt in business exceeds Rs. 1 Crore

or

4. Clause (e) – If Profit)s u/s 44AD claimed to be lower than the presumptive profits and gains.

Because in F.Y. 2017-18 turnover limit for limit for Sec. 44AD increases to Rs.2 Crores.

Dear sir
Loss from busiess after dep is 550000 and eligible dep is 190000. While filing ITR 5 how to disclose the carry forward of unabsorbed depreciation? Whether the same is to be shown as Business Loss under Schedule CFL. Please help.
Second query is
Do we need to give ITC balances of GST credit in Part A - OI. If yes, is there any impact on taxability or its just for information purpose. The accounts are audited u/s 44AB