Rajkumar Gutti
30 December 2017 at 16:56

Vehicle insurance input credit

we have paid motor car vehicle insurance.

can we get credit on four wheeler car insurance charges



Anonymous
30 December 2017 at 16:54

Tds applicability on printing material

please advise me whether i have to deduct tds on printing material from vendor, as we are in advertising business
if yes then which tds rate is applicable ?


MOHAMMED WAHID SHAIKH
30 December 2017 at 16:32

Capital employed formula

I have a proprietor ship company and I want to now my employed Capital amount


Sayan Gupta
30 December 2017 at 16:20

Cash payment of more than 20000

What are the consequences of making a cash payment of more than Rs. 20000/- to any vendor on a day?? Rply urgently



Anonymous
30 December 2017 at 16:15

Gst on electricity

Is gst applicable on electricity bill ? What is the rate ?



Anonymous
30 December 2017 at 15:45

Itc on discount

IF REGISTER DEALER PURCHASE GOOD FROM REGISTERED SUPPLIERS AND INVOICE GENERATED AND AFTER SUPPLIERS ISSUE DIFFERENT CREDIT NOT FOR EXTRA DISCOUNT ON ACHIVE TARGET SCHEME AND MONTHLY SALE SCHEME.
SO GOOD RECEIVER WHAT TO DO FOR ITC.
EXAMPLE

BILL NO. 01
TAXABLE VALUE IS 10000
CGST 1400
SGST 1400
TOTAL 12800 RS
SO ITC RS 2800

AFTER SUPPILERS ISSUE CREDIT NOT ON ABOVE INVOICE RS 600 EXCLUDING SGST+CGST =168(84+84)
AND MONTHLY TARGET DISCOUNT CREDIT NOT ON ABOVE INVOICE RS 100 EXCLUDING SGST+CGST =28(14+14)

ABOVE BOTH CREDIT NOT ISSUE IN DIFFERENT VOUCHER.

SO RECEIVER WHAT TO DO FOR ITC AND HOW MUCH ITC WOULD BE CLAIMED.



Anonymous

Dear Experts,
A assessee was sent outside india (by employer) for a first time for 170 days during the fy 1516, and he earned Rs 15lacs there and he sent his income to india to his family,
1)what is his status ?
2) is his Abroad income is taxable?


Rajkumar Gutti
30 December 2017 at 15:40

Vehicle insurance

OUR COMPANY PURCHASED A NEW MOTOR CAR WORTH RS.27 LACKS
& PAID VEHICLE INSURANCE WORTH RS.80000/- ( DURATION 1 YEAR )

MY QUESTION - IS VEHICLE INSURANCE RS.80000/- IS TO BE CAPITALIZED
IN TO VEHICLE ASSET VALUE OR TREATING AS A PROFIT AND LOSS A/C
EXP.. PLEASE GUIDE US.


RAJKUMAR GUTTI



Anonymous
30 December 2017 at 15:37

Failure to filing of gst return

Sir, Due to not known of GST Id and Password we have not file any return till Dec 2017. We know the same now but suggest any way to submit return without paying late fees or how I pay it less

Thanks.


Jagannath
30 December 2017 at 15:00

Itc

A private company is in restaurant business purchased some computer accessories from Registered dealer. Is the company eligible for ITC?