my Question i Purchase the goods from IGST. the tax amount of goods i taken as input IGST After my selling the goods the output tax amount will be calculated or not.

For Example :
Purchase Taxable value : 1,00,000
IGST @ 28% : 28000
Net : 1,28,000

if i sales in with in State Taxable value : 2,00,000
CGST @ 14% : 28,000
SGST @ 14% : 28,000
Net : 2 56,000

if i will club the tax amount
input IGST (28000)
Output SGST 28000
Output CGST 28000
Net Tax Paid 28000
Please clear my quary.

An organization decided to replace all existing lights in its operational area fitted with high power sodium vapour lamps with energy efficient LED lights in order to have long term benefits like cost savings in electricity consumption, maintenance and also have an aesthetic look.
The organization decided to treat this expenditure as 'Capital Expenditure'.
My question is that whether the accounting treatment adopted by the organization is correct or should the organization charge this expenditure to 'Repairs & Maintenance'?

Dear sir/dear madam, if by the way 31st July 2017 is not extended what will be the worst consequences for the returns to be filed after 31st July 2017 for the Ay 2017-18. I have heard that a sum of Rs 5,000 on account of penalty shall have to be paid before filing the income tax return. This is rumor or fact. Please guide me. I am mentally upset.

I am receiving Salary. Can I pay accounting charges to whom who prepare my account books.

cash deposit in current account during demonatisation in new currency out of sale should be declared in Return ?

Sir

Assessee has three bank accounts. He has deposited 90000 in each account during the period under consideration.

Total cash deposit is above 2.50 L but account wise it is not above that limit as asked for.

What should be done while filing return

To keep the column blank of each bank account

As per PAN is concerned, the assessee has deposited above 2.50 L during that period.

Pls advise on matter

Thanks in advance

dear sir/ madam, if regular dealer purchase goods from composition dealers it will reflect in FORM GSTR2? Or regular dealer should enter composition purchases him self?

sir,

A person turnover is more than 30lack dealing in seasonal goods like bamboo,beetle nut ,craft type.whether Gst required to take or not.Please advice.

Hi i m salaried employee and in fy 16-17 i have incurred loss short term speculation loss in intra day trading in big amount. As i have heard that loss can be carried forward i 8 yrs. Can i carry forward the above speculation loss, if yes then which ITR should be filled?

I am salaried person.. I have purchased a HP value being below 20 lakh. Do I still need to show it in my IT return?