A partnership firm has started installing Plant and Machinery in F.Y. 2016-17 but installation is not completed till 31st March, 2017 so production was not started till 31st March, 2017 and production is start in July 2017. Firm paid interest on capital to partners on their capital investment in firm for purchase and installation of Plant & Machinery and construction of factory building. Whether interest paid to Partners on capital for above purposes is treated as capital expenditure and capitalized the same in firm books of accounts or treat as revenue expenditure pls. reply

Dear Experts.
In case of cash sale or if buyer is unregistered in GST.then is it mandatory to take ID proof No. Of buyer.

Thanks
RAJEEV SHARMA

i have to pay tax on RCM on ALL KIND of office expenses paid to unregistered dealer for providing goods or services or for only legal fees and transport ? and how to pass entry in tally software ?

Read more at: https://www.caclubindia.com/experts/rcm-2520744.asp

ALL UNREGISTERED DEALER:-

Suppose if I purchase from A - ₹ 5000/- Tea in a day , ₹ 4500/- Printing & Stationery from B, RS. 2000/- office expenses from C, Now the total unregistered purchase is ₹ 11500/- in a day. Is it liable to pay RCM.

I seen some youtube video , they are telling that ₹ 5000/- per day from a single person not in gross or in total. further I purchase ₹ 6000/- then may it be taxable in whole under RCM.

i have to pay tax on RCM on ALL KIND of office expenses paid to unregistered dealer for providing goods or services or for only legal fees and transport ?
and how to pass entry in tally software ?

Hi everyone...,

I am a CA-Ipcc student
Registered in 2009, Revalidation done in 2014 by paying 400/- DD..,

But

Till now I didn't complete any group of Ipcc..
Mean time I did my Graduation B.Sc(P.C.M)
With 63% pass in 2016.,

Now I was sent Direct Entry Scheme conversion application form by Attaching DD's, Attested all xerox of B.sc,itt,OP,ssc, Ipcc registered letter too..,
DD=500/- for conversion fee
DD=2000/- for Article fee(Not paid earlier)

My speed post(Tracked Online)received at Chennai on 9th,July..

Now I want to join as an Article Assistance in a CA-Firm..
I have a doubt..
how to know my Conversion done....
How many days it will took......
Note :-
1. I know they will send confirmation letter to me.(it will long time)
2. "http://112.133.194.253/REprintletter/reprint.aspx" tracked but no fee/conversion details found...

I am a computer shop owner who deals in laptops and other accessories ( both new and old) . My annual turnover is less than 20 lakh. I was not having TIN. Before the introduction of GST, the supplier was delivering laptops and other items without any issues but now the supplier of laptops refuse to give me the goods as I do not have TIN. Supplier is a registered supplier. Will it be necessary for me to register my shop under GST even though my turnover is less than 20 lakh.

can I take balance of krishi Kalyan cess balance as a input in GST

what is the gst rate and HSN code for Mithai retail business

Please share meaning of Turnover for the purpose of section 44AB Will it include VAT.