An Advocate raised the bill of Rs 200000/- . GST (18%) under reverse charge method. TDS (10%) under Section 194J. Both Parties under the Same State .

Please inform me the Accounting Entry. It is very Urgent.

We are purchasing new textile machinery @18% GST and our manufactured product is taxable @ 5% GST.

Can we claim Input Tax Credit & can we claim refund of this ITC?
Please reply
Thank you

Hi Sir/ Madam,

I have a tangible asset of Rs. 7,00,000 in my Balance Sheet after netting off the Accumulated Depreciation
Now I want to close the company by Writing off the Assets & Liabilities
So can any one let me know the Entry for Writing off the Intangible Assets of Rs. 7,00,000
1. Whether it should be written off to P & L Account ? if yes under which Ledger head
2. Otherwise should it be adjusted against Reserves & Surplus ?

Awaiting for your Reply...

Dear Sir,

One of my friend filled ITR -1 instead of filling ITR - 4, as he earn income form renting his car to a company on which monthly TDS is deducted . Now he received a Notice U/s133(B) from income tax asking to submit Pay Slip, Form-16, Form- 26AS relating to F.Y - 2014-15 which are not available. So what is the solution for this now sir ??? Please Help

Dear Sir,
I would like ask question regarding Bad debts, Debtors are outstanding from last 3 year can we transfer to Bad Debts in Profit & loss A/c. We are sure that this amount will not come in future. So please give me advise and compliances in Income tax.

Thanks & Regards
Vicky Narad
9271388736

In point No.27(a) information asked about amount of Central Value Added Tax credits availed of or utilised during the previous year and its treatment in the Profit & Loss account and treatment of Outstanding Central Value Added Tax Credits in the accounts.
In this point whether we need to give GST input details ? Or only Excise & service input tax details needs to be provided.
Requested to clarify .

Dear Sir,

One of my client registered dealer, and he received shop rent form his unregistered dealer. So he has to pay GST ON RCM BASIS.

REGARDS

A Builder having a office in Karnataka, and all construction works will take place in Tamilnadu :
1. Should he get registration in karnataka and also in Tamilnadu
2. Should he get registration only in Tamilnadu

Note : Max. (90 % of Materials) purchases will be in Tamilnadu and only few will be outside Tamilnadu

Please clarify in this regard

:

During Aug,17 I had wrongly put purchase value I.e Rs.50,00,000 in all other ITC - IGST col.As such Igst credit reflected in my credit ledger.I have not utilised the said ITC yet.How could I reverse the said ITC? As I have no interstate purchase so no igst ITC accruing any month.Sept.18 is the last month for correction of ITC of 17-18.How can I reverse the ITC taken wrongly?

Dear Sir
In the month May 18 A party with GST Number used the service of Banquet Food. Hotel raised bill with GST number but shown in B2Cs.
If we want to correct with B2B is it possible. We have submitted GSTR1 also. Kindly advice