Hiiii

Can a goods supplier can register in different states under same PAN. If yes, than please tell what are documents needed and procedure for the same.
Thanks in advance

Regards,

Dinesh

Dear Expert Please let me know how to withdraw the PF and what kind of documents / forms to be submit to the employer.

Our one Employees take Mediclaim policy and claimed premium and rs.5000/- for preventive health check up. He has not submitted any receipt for health check up. Can we consider Rs.5000/- exemption.

Thanks & Regards
L.D.Dharmadhikari

Good Day!!

My query is in relation to Valuation of Inventory as per ICDS 2.

Example:
I am following Exclusive method of accounting

Current Year Data :
State Tax assumed to be at 10%

Opening Stock [1000 unit] - 50,000 + Tax on it - 5,000
Purchases [2000 unit] - 1,00,000 + Tax on it 10,000
Sales with 20 % Margin on Cost price [1500 unit] - 90,000 + Tax on it 9,000
Closing Stock [1500 unit] valued @ Cost - 75,000 + Tax on it 7,500

Gross Profit excluding taxes - 15,000

No Opening ITC available as per books of accounts

Now referring to Section 145 A and ICDS 2, I need to Compute my profit by valuing my purchase, sales and Inventory including taxes, Also ICDS 2 says that "NO CHANGE IN VALUATION NEEDED IN OPENING STOCK"

So considering example mentioned above and giving effect to ICDS

GP - 15,000
Add:
Tax on Sales - 9,000
Tax on Closing Stk - 7,500

Less:
Tax on Purchases - 10,000

Total profit chargable 2Tax 21,500

As per Institute guidance on Income Tax audit - Referring Para 23.23 - The tax on revenue will be neutral.

Can any body guide me on it and whether I had rightly calculated the profit as per ICDS 2 requirement


Thanks in Advance

We wanted to take a new GST Registration for our Kolkata Office. As an when we are going to Verification Tab and Submit with Authorized Signatory details along with DSC the Error "System Error Ocurred" is showing. We have already installed latest version of emSigner, using latest version of Google Chrome and also configure our browser settings as per emSigner requirement.

Please advise

As we know Late fees is waived but what about the Late Fees we already paid? In my case late fees for aug and sept is 3400 CGST 3400 SGST. and now there is liability arising in July for GST Tax CGST 2940 SGST 2940 (Due to incorrect GSTR 1). Govt said that late fees will be converted in TAX.
Can i offset my Tax liability through Late Fees. If yes then when this facility will made available.

RESPECTED SIR/MADAM,

We are maintaining guest house, In guest house lunch and dinner allow only for officer (employee) and charges recover from salary, All expenses and income booked in company accounts.

In this case gst is applicable , If yes then How much
and how to define turnover in this case , Only guest house or company's Turnover.

Note : Outsider is not allow in guest house.

1crore or 2 crore

hi, for Diwali party we have hired caterer he is not registered dealer.
in this case is RCM is applicable if yes what is the rate ?please suggest.

What will be the long term capital gains on sale of shares (Non resident company) holding shares in Indian resident company to resident individuals.

Also what will be the tds withholding rate on long term capital gains.