I am an individual and i have incurred loss in fy 2016-17 in share trading.Its not my business.Just for short term trade.Do I need to claim the loss compulsorily while filing the return?

Section 17(5) of the Central Goods and Services Act, 2017 provides that input tax credit in respect of the following shall not be available-

(a) motor vehicles and other conveyances Section 17(5) of the Central Goods and Services Act, 2017 provides that input tax credit in respect of the following shall not be available-

(a) motor vehicles and other conveyances except when they are used-

(i) for making the following taxable supplies, namely-

(A) further supply of such vehicles or conveyances; or

(B) transportation of passengers; or

(C) imparting training on driving, flying, navigating such vehicles or conveyances;

(ii) for transportation of goods;

The while notifying the gst rates on GTA why did they say that on ITC is available for gta?Can't we claim any credit for GTA for the tax paid on reverse charge

Name Category HSN Code gst rate
Bag 18
Cable 28
Ganesh Idol 0
Headphone 18
Intrnal Hard Drive 18
Keyboard 18
LED Bulb 12
Mobile 12
Mouse 18
Pen Drive 12
Power Bank 28
Scanner 18
Selfie Stick 18
Smart Box 18
Tablet 18
Tablet+Laptop 18
VR Box 18
watches 28
Grand Total

we are purchasing goods from unregistered persons all cash purchases nearly 100 bills below 10000 under gst whether it is necessary to make 100 payment voucher.

Hello Sir,

I have filled income tax return of one trust for AY 2014-15 withing due date.  Due to some mistake I received notice under section 139(9). I have filled rectification return but it has been rejected. now qustion is that can i file revised return ? or Should i file rectification return only ? 

Dear Sir/Madam,

we are paying monthly rent 50400/- & Invoice amount on Rent is 55,000/-(Including Service Tax),we are deducting TDS 4800/-,Basic Amount 48000/- & Service Tax 7500/- how can i pass journal entry in Tally.

hello, may I know how to get the date and time when the students can enroll in the itt and orientations? whenever I check the centres had no vacancy.I did register but can't enroll in the courses

I am planning to undertake the ICWA – Intermediate on Correspondence Basis for December 2017 Exam . I have completed Graduation in commerce steam – BCOM in full time and also M- Com in correspondence basis. I am located in Bangalore.

I have few Clarifications please help me to understand my Queries:

1. If i undertake postal Coaching how the Test assessment will be provided.
How many Test Assessment papers has to be submitted before taking exam. Mode of Submission of test Papers.


2. How to Undergo the Soft Skills Training. I am already working as full time basis in one of trading company as senior accountant. Whether soft skills training can be undertaken online or we have to attend the Classes for the same. Whether You will provide the nearest coaching centre or we can to search for the same.


3. How to Undergo the Computer Training. Whether computer training can be undertaken online or we have to attend the Classes for the same. Whether You will provide the nearest coaching centre or we can to search for the same. Whether Computer Training can be done in recognised Government Institution / Training Centres.


4. I have 3 years of Work experience as accountant in Tally ERP . Whether i can claim any exemption for Computer Training.


5. What will be duration for Both Soft Skills and computer training if we have to undergo the training before taking the exam.


6. Whether their will be extra Fee Charges for these Training ( Soft and Computer).


7. Whether we have to register for Intermediate Course after Completing these both Soft and computer Training or first we have to Register then Complete these Courses?


8. Apart from these both Courses any other Courses has to be completed before taking Intermediate Exam.


9. I have completed my BCOM in 2011 Passout Batch. I have passed in 83 % Aggregate in First Class. Whether i can claim any exemption in any subjects in intermediate Course Exam.

Excise duty paid under inter-state purchase shown separately in Invoice is available for Input or not for Jewelry retailer ??

An invoice for purchase of machinery raised on June and the payment for the same will be on delivery on August.Wether the buyer has to pay GST ?