Dear sir
We make the payment to unregistered contractors for packing & finisihing on the basis of per piece, packed by their labour in our factory approximate Rs 40000/- PM.
My query is, RCM is payable or not on this amount under GST at present.

Thanks

Is GST applicable for actors and TV show artists? If yes, what is the SAC and GST rate applicable?

There is a mistake in registration. It has been made PAN based instead of TAN Based. I need the Registration on TAN based. Please guide for further Calcellation/Modification/Change if possible of the current Registration for taking a New TAN based Registration. Online Cancellation of Registration as Deductor for TDS under GST.

GROSS TURNOVER F/Y 2017-18 (A/Y2018-19) 1,70,99,332/- NET PROFIT 6,27,980/- % OF PROFIT 3.67254%. SHOULD TAX AUDIT UNDER 44AD.

I have one querry to ask for about charitable trust : Our trust has taxable income of 982000/- n trust set apart Rs. 1000000/- for the purpose of purchase of movable properties in last previous year. Now in FY 17-18 trust make purchases of movable properties about Rs. 850000 /- so whether I can claim addition of this amount as Application of Income. Or not.... Kindly give me suggestions..

Dear All,

We have received a default notice for non payment of Educational cess on NRI payment (195). After receiving the notice we have made the payment and tried to close the default by this challan through online. But we can't able to adjust the challan for the said default through online correction.
If anyone knows the correction process pls share.

Hi,

A company in its AGM has stated that it needs around 30 crores of loan. And that this will be raised as unsecured loans

A shareholder approached me with the balance sheet of the company and asked me to calculate if such amount is required to be raised.

Can someone help me how should i recheck that 30crores requirement

Please guide Consolidated Balance Sheet as on 31.03.2018 will be made as per AS 23 or AS 21.

As on 31.03.2018 J (p) Ltd holds 45.86 % equity of M (p) Ltd.

Toll charges, RTA allotment charges,,parking charges, come under which ledger group, can petrol& diesel charges should be shown seperately or included in vechile maintanice account.

Sir,

Please solve my problem that in my tally the profit and loss a/c showing in debit side (Assets) in balance sheet and showing like
Profit & Loss A/c 2.50
Opening balance
Current Period (-) 1,73,834.85
Less: Transferred 1,73,837.85

Please tell me that how can i solve this mistake. and i have cross checked all the transactions with audited balance. but i could not find the actual mistake in tally. how can i accurate my profit & loss a/c in tally.