--THE PARTY IS RETAILER AS WELL AS DISTRIBUTOR..DISTRIBUTOR MARGIN IS 3% & RETAILER MARGIN IS 5%. THE PARTY HAVE TWO BRANCHES IN BIHAR BESIDE ONE HEAD OFFICE IN BIHAR WITH SINGLE GST REGISTRATION.
NOW MY QUESTION IS::
Q1) WEATHER IT IS TAXABLE EVENT OR NOT??
Q2) IF IT IS NOT TAXABLE WHERE SUCH SUPPLY TO BE SHOWN IN GST RETURN?
Q3) IF IT IS NOT TAXABLE CAN I TRANSFER SUCH GOODS ON THE BASIS OF DELIVERY CHALLAN NOT TAX INVOICE?
Q4) WHAT IS THE JOURNAL ENTRY IN TALLY (IN BOTH HEAD OFFICE & BRANCH ) & WHICH VOUCHER IS USED SO THAT IN CONSOLIDATION NO PROBLEM ARISES & CORRECT CALCULATION OF GST IN TALLY SHOULD BE DISPLAYED..
PLEASE RESPOND QUICKLY...
THANKS IN ADVANCE!!
Hi,
I have received communication (and NOT demand notice so far) from CPC under section 143 (1) (a) (vi) for pan no. and AY 2017-18 which states:
"Income as per 26AS which has not been included in computing the total income in return - 143(1)(a)(vi)".
I forgot to include FD interest amount while filing the return.
Now as per communication, If I agree to communication then I have to pay tax.
Pls suggest:.
1. If I pay tax in challan ITNS-280 which option do I select ?
1.a) (300) self assessment tax OR
1.b) (400) tax on regular assessment.
So, tax paid I have to show in :"Details of advance tax and self assessment", but there is no option to show tax paid under "tax on regular assessment.". So where do I show tax paid?
Pls answer my above two question. I have to file revise return before 28-May-2018 with tax pay!!!!
Sir my ca articleship complete on 19-03-2018 and submit form 108 within prescribed time but due to late submit of form 112, completion letter not delivered to me.
Can u please provide condonation latter for late submit of form 112??
I start my mcom on 1-4-2016 so the delay is beyond 365 days, please tell what is the late fee for the same.
Reply as soon as possible
I have deposited TDS on 30th April-2018 but challan date is 2-May--2018.
TDS amount is around 5L.
Shall we liable to pay Interest panelty.
On Bank statement we can see that amount is debited on 10.30am
Please guide.
IT IS ALLOW HOME LOAN INTEREST DEDUCTION PAID TO INDIVIDUAL BECAUSE OF LOAN TAKEN FROM INDIVIDUAL FOR PURCHASE OF PROPERTY
Suppose Company A makes payment to the Employee of Company B. For the purpose, Company A raised debit note on Company B. .While making payment by Company B to Company A, whether Company B has to deduct TDS on reimbursement of salaries? If so under which section? kindly advise.
I had taxable income form house property (50000)and capital gain(500000)I also made a payment toward insurance premium which is eligible for 80C deduction(5100).So my doubt is ,if I have a business loss say 60000 can I set off the entire loss from capital gain first and claim 80C deduction from house property income.
Dear Experts
Good Evening
I want to know that i have taken a home loan from bank so, where do i claim the hosing loan interest in my ITR, whereas i use this house only for residence.
mean that under which section of income tax act
1. Section 24 (head of Income from House Property)
or
2. Section 80EE (newly added in Income Tax Act (amended by Finance A/c 2018)
Kindly advice me the best.
Thanks & Regards
Akash Kumar
Ajay Mishra Sir,
Please provide me the format of dissolution deed in case of death of a partner where only two partners. It is also to be noted that as per existing partnership deed, there is a provision that in case of death of a partner the firm can not be dissolved and existing partner may continue the business with a legal heirs of deceased partner.
So, you are requested to provide me the said dissolution deed its urgent.
I will be thankful to you.
Dear Sir,
We are a private ltd co . We have two units in same premises (Under same company ABC Pvt. Ltd.) . One produces Biscuits(HO division) and other Produces cartoon . Both have two different GSTN . The premises (land & Building) in which cartoon division runs is owned by ABC pvt. Ltd. and is recorded in the books of biscuit division(HO).
Now my question is that should Biscuit division (Ho) of ABC Pvt. Ltd. raise rent bill to Cartoon Division of ABC Pvt. Ltd in the line of two different GSTN????
Pls advise
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