A housing Society is getting construction work done through contractor whom they are paying GST 18% and collecting 12% GST on Advance from members for Flats, issuing receipts voucher against advances. Is this right? What will be its 6 digit HSN/SAC code and whether it is mandatory to be mention in Receipt Voucher? And if some advance received in pre GST period for which ST is paid and amount is now refunded back to customer in GST period, whether output tax liability need to be reversed and refund voucher need to be issued ? and how Refund vouchers should be treated in GSTR 1 as their is no Column for its treatment.

WE ARE NOT ABLE TO FILE DIR-5 E FORM SURRENDER OF DIN OF DIRECTOR . THE DIRECTOR HAS FILED DIR-12 AND RESIGNED FROM THE COMPANY . NOW SHE IS NOT ASSOCIATED WITH ANY COMPANY BUT DIR-5 SHOWS ERROR THAT DIRECTOR SHOULD NOT BE ASSCOIATED WITH ANY COMPANY FROM THE DATE OF PROCURING DIN. DOES ANYONE HOW TO SURRENDER HER DIN OTHER THAN FILING OF DIR-5????

If someone deducts tax at source or collects tax at source from GST, How shall I account for the same in the Books of Accounts? plz guide me.

companies act including Accounting Standard are applicable on private limited concern. I am unable to find out how to calculate (per centage of debtors etc) allowance (provision) for bad and doubted debts according to companies act including Accounting Standard.

I have a small company whose paid-up capital is 13.5 laks. The company was incorporated in 1997.
It was a member of the erstwhile Cochin stock exchange.
Now the Stock Exchange is not trading independently so members became authorized persons.
The company has a carried forward loss of around 3 lakhs .
The company can still trade with Cochin stock brokers ltd
How can I sell this company
Your advise

Dear Experts,
we had generated the sale invoice of our party in 1st week this month with amt. above 1 lac. Eway bill generated. Now party is saying to change their party name in sale invoice with thier 2nd unit which has different name and gst no. in same state.
my query is that what should we do now?? because we cannot do any change in sale bill because Eway Bill generated. so please give your suggestion on this issue. thanks in advance.

Hello,
For the purpose of section 54 (to save LTCG tax), can I reinvest in a residential property which is under construction?
Or do I must only invest in a residential property which is ready to move in.

Appreciate your response!

Thanks, Pradeep

Dear Experts,
We have received notice for cancellation of GST number form g Reg-17 due to non filing of return . we have filed all pending return with payment of late fees. But we have not replied still on notice that we have received on gst portal . does it mandatory to reply on notices

hDFC BALANCED ADVANTAGE FUND - REGULAR PLAN - DIVIDEND IS TAXABLE. aSSSEESSEE REGULARLY GOT 13831 AS MONTHLY INCOME .

DEAR SIR,

SOME INVOICES ARE MISSED FOR PREVIOUS YEAR ACCOUNTING. NOW MY QUERY IS OUR SUNDRY CREDITORS BALANCE IS SHOWING DEBIT BALANCE I HAVE CARRY FORWARD THE BALANCE FOR CURRENT YEAR PAYMENTS ARE MADE FOR THOSE INVOICES. CAN I SHOW DEBIT BALANCE IN THE LEDGER. IS THERE IS ANY PROBLEM PLEASE NOTE THAT ALL THOSE INVOICES ARE EXEMPTED GOODS CAN WE TAKE TO ACCOUNT FOR THIS MONTH OF OCTOBER 2020.

REGARDS