sir agar gstr 1 file karane mein 5 days late ho jaata hoon to kya late Filling fees lagegi pls tell me

Dear Experts

A very good evening to all of you. I am presently in need to understand the applicability of Sec 269 SS & 269T of IT Act for transaction covered by Book Adjustments.

Example:
Firm XYZ has outstanding "Receivables" and "Creditors" in their books of accounts which they settle in there books of accounts by way of book adjustment (transfer entry). In support of such transaction the firm XYZ is having account confirmation of the said Receivable & Creditors confirming book adjustment with each other.

Looking to the fact of the case kindly guide me regarding applicability of Sec. 269 SS & 269T
(i) Does it will be applicable ?
(ii) IF yes, then what would be the way of its reporting in form 3CD ? Does it will be reported as acceptance or Repayment otherwise by Account Payee Cheque/ECS ?


As per my understanding the nature of transaction covered under the said section covers LOANS & DEPOSITS & SPECIFIED SUM (As per new amendment).

(i) Does the said transaction is said to be Loans or Deposits ?

(ii) Does the situation chage if the adjustment if of "ADVANCE TAKEN/GIVEN FOR SALE/PURCHASE OF GOODS"

Kindly suggest quoting relevant decided case laws if any

Thanks in advance

Best Regards

Dear Sir
My Employer deducted entire Tax as TDS from my Salary and I filed the return before due date i.e before 31/07/2017.
Now I got an Intimation u/s 143(1) to pay interest u/s 234B&C.
All the taxes are Deducted before 31/03/2017.
How can I rectify this?..

pan no and legal name not matching while registering in gst what should I do

Hi... I am into business of giving Buses and Cars on rent to people. I own also and I take from outside also for this purpose. want to know SAC code and rate for both input credit and non credit. I am charging under 996601 @ 5% and now has asked to charge 12% if I want credit of it. Experts are requested to send their views. Thanks

Dear All,

We are running a salt manufacturing company. The process is we harvest the crude salt and the crude salt we wash and centrifuge. Then the centrifuge salt is the raw material for our refinery plant.

Kindly help me to value the inventory of stock on each stage.

Currently we are considering the direct cost of crude salt to value the closing stock of crude salt.
Harvesting cost is Rs. 100 p.mt
Wages is Rs. 50 p.mt
Hence the inventory value of crude salt is 150 p.mt
Indirect cost is Rs. 100/-

But when we transfer this crude salt to washery unit (15% washing losses are there) we should consider the input cost is the direct cost of crude salt or we should add the indirect cost of crude salt also.
ie we should take the input cost is Rs. 150 or Rs. 250 (including i.d cost)
Input crude salt cost - Rs. 150
Washing loss 15% - Rs. 176 ie. (Rs.150*100/85 ie.(100-15))
Direct cost - Rs. 74
Hence the inventory value of washed salt is Rs.250 p.mt
Kindly advice me on this regards.
Thanks & Regards,
Sugumar
Email id: sugu.ksa@gmail.com

Dear All,

We are running a salt manufacturing company. The process is we harvest the crude salt and the crude salt we wash and centrifuge. Then the centrifuge salt is the raw material for our refinery plant.

Kindly help me to value the inventory of stock on each stage.

Currently we are considering the direct cost of crude salt to value the closing stock of crude salt.
Harvesting cost is Rs. 100 p.mt
Wages is Rs. 50 p.mt
Hence the inventory value of crude salt is 150 p.mt
Indirect cost is Rs. 100/-

But when we transfer this crude salt to washery unit (15% washing losses are there) we should consider the input cost is the direct cost of crude salt or we should add the indirect cost of crude salt also.
ie we should take the input cost is Rs. 150 or Rs. 250 (including i.d cost)
Input crude salt cost - Rs. 150
Washing loss 15% - Rs. 176 ie. (Rs.150*100/85 ie.(100-15))
Direct cost - Rs. 74
Hence the inventory value of washed salt is Rs.250 p.mt
Kindly advice me on this regards.
Thanks & Regards,
Sugumar
Email id: sugu.ksa@gmail.com

Dear Expert How to cancel GST registration after migration from VAT, as his turnover is below 20 lakhs

Dear Expert

Please Give Me Advise of GST on E-Commerce and what is percentage of Rate and which form filed for return
what procedure for TCS and TDS on E -Commerce


Regards

Dilip

Dear Sir ,
I make some expenses like 1. toll tax of truck, 2 staff salary 3. esic expenses 4. bank charges 5. petrol diesel . 6 truck spares for repair , 7. machenic charge like denter painter of trucks.

kindly tell me how maintain above expense in GST purpose as non gst , exempt gst . zero rate . nil rate , or other as you seem

thanks in advance