Sir
Please reply
A proprietorship business opt out from composition scheme on 01.08.2018,and become regular scheme .They will file monthly return from next month.They have filed First quarterly Return .Shall we want to file Second quarterly return for the month of July?please explain the details.

We are buying agents base in India and sometimes we receive our commissions from different countries for the trade that we facilitate between the seller and purchaser. Note that in such trade, no goods go cross the Indian borders. The seller and the purchasers are in countries other than India.
In such case, will GST be applicable on our receipts from abroad?

i want to regsiterd GST account, how much i will need to pay/Month, how to calculate GST for Book publishing business,
Turn over not will be more than 10 lakh per year right now, so any other registration process to open Current account

An assessee doing petty business dealing (pharia business) in various items; is having stock in trade of Rs. 500000/- & cash balance of Rs. 200000/- as on 31/03/2018, in this business mentioned above.
He is also having Rs. 600000/- in his personal Balance Sheet apart from cash balance of the business, which of the cash balance will be filled up while filling the ITR 4 (Sugam) as the ITR requires the figure to be filled up for business only.

Paid remuneration Rs.360000/- p.a(2 partners as per deed). Maximum remuneration as per Book Profit comes to 48,00,000 /- & the same i want to claim in to my partnership business. Can I do so..?

Namaste all,
ASSESSEE IN THE BUSINESS OF PURCHASE OF SITE AND CONSTRUCTING RESIDENTIAL BUILDING/ HOUSES , AFTER COMPLETION OF CONSTRUCTION SELLING IT TO INTERESTED BUYERS. IS GST APPLICALBE IN THIS CASE . ASSESSE SITUATED AND HIS ACTIVITY IN STATE OF KARNATAKA.

Sir,

A supplier of state govt department supplying sand gravel ,stone chip ,brick can he can ITC on this product.

What is the tax treatment of transfer of capital asset by proprietor of one business to another business of the same proprietor?

DEAR MEMBERS/EXPERTS
WHAT WOULD JOURNAL ENTRY BE PASS,IF COMPANY MADE PAYMENT OF GST THROUGH BANK TO ME AND SAME AMOUNT OF GST PAID BY ME THROUGH BANK?

Hi all,
if mother give rs. 500,000 in cash to son as a gift, then can it attract any income tax ? do mother has to prepare Gift deed? if this transaction liable to tax then how to save income tax liability.

Regards