Hi everyone, I had provided service to party amounting to ₹ 1,00,000 nd charged service tax in 2013-14. I had issued two invoive against same i.e. (100000+ST) nd (100000+ST) and party not made payment against 2nd invoice. Now I issued credit note to party and also adjust service tax paid against 2nd invoice from my current service tax liability. Can I adjust excess service tax paid earlier now??

Dear Experts,
We are Registered Personal. We are giving below the expenses which we generally expense :-
1) Freight & Cartage
2) Packing Exp. (URD)
3) Repair & Maint. (RD & will Charge GST)
4) Salary & Wages
5) Director's Remuneration to working director (paid u/s 192B of I.Tax Act)
6) Interest on CC Account
7) Interest on Car Loan Account
8) Bank intt. against Bill of Exchange discounting.
9) Insurance premium - Car, Lorry, Transit Insurance
10) Telephone Exp. (RD & will Charge GST)
11) Car & Motorcycle Running & Maint.
12) Postage & Courier (will not charge GST)
13) Printing & Stationery (will not charge GST)
14) Staff Welfare - Tea etc. (will not charge GST)
15) Water bill from Govt. Department
16) Argon, Oxygen & LPG Cylinder Exp.

Sir, please tell us which Expenses are liable to pay GST under RCM in above list.

Please sir, help us to resolve the above query. Waiting for an early & stick response in this regard.

RAKESH SHARMA

Read more at: https://www.caclubindia.com/experts/rcm-on-expenses-2497339.asp

Dear Sir,

Whether stand by equipment which is ready to use but not in use can be capitalized under Ind AS 16 or not.

dear sir/madam, More of the small retail business are have exempted goods like Rice, ayta and other food items, then how they can opt for composition?

please explain the taxation regarding in the hand of partnership firm and proprietorship firm like capital gain etc.

Whether in all the cases Municipal tax is calculated on Municipal Value?
Is there any situation where it is calculated on Annual Value?

I LIVE IN GROUP HOUSING SOCIETY. AS MY SOCIETY CHARGE ME FOR MONTHLY MAINTENANCE RS. 1200/- ( INCLUSIVE OF WATER BILL, STREET ELECTRICITY BILL, SECURITY BILL, PARK & ROAD MAINTENANCE. ETC.). AND ITS TOTAL RECEIPTS IS MORE THEN 20 LAKH IN AN YEAR. IS MY SOCIETY COMES UNDER GST ACT. (UNDER 18% SLAB). IF YES THEN WHAT IS THE SOLUTION FOR THAT, IF MEMBERS ARE NOT WILLING TO PAY TAX.

Is there any requirement of writing a note in notes to financial statements with respect to Revaluation of assets in the years subsequent to revaluation ? If Yes, what is the note to be written ?

which person is liable to get his books of accounts audited?

As per provisio to 140(3) of the transitional provisions, only a trader is eligible to opt for this scheme.
In case of a 2 wheeler dealer say Honda motor vehicle dealer, he is also a service provider as he does servicing of vehicles. Can he opt for the scheme as he doesnt have excise invoice for spares, and claim full credit in case of vehicles where he has excise invoices.