A PROPRIETOR FIRSTLY WITHDRAWAL AMOUNT FROM CAPITAL WHICH TAKEN IN DRAWINGS AND AFTER SOME DAYS HE AGAIN DEPOSIT THE AMOUNT AND ENTRY PASSED IN CAPITAL ADDITION. NOW ITO WANT TO SOURCE OF CAPITAL ADDITION AND ASSESSES SAID THAT CAPITAL ADDITION MADE FROM DRAWINGS . CAN CAPITAL ADDITION MADE FROM SAVINGS OF DRAWINGS.....ANY CASE LAWS...PLEASE SHARE

i have report march18 sale in April18 3B.i have shown in gst9 in table 10 but in 9C where it is shown.Because our Total Book of Account Sale is not tally with 9.

The Bonus rule for set on and set off of allocable surplus states as under:

Where for any accounting year the allocable surplus exceeds the amount of maximum bonus payable to the employees in the establishment under section 11, then, the excess shall, subject to a limit of 20% of the total salary or wages of the employee employed in the establishment in that accounting year, be carried forward for being set on in the succeeding accounting year and so on up to and inclusive of the fourth accounting year to be utilized for the purpose of payment of bonus in the manner illustrated in the fourth schedule.
Our confusion is as under:

There is set on of Rs. 50,000/- in the accounting year 2014-15. This amount of set on should be carried forward in 2015-16, 2016-17, 2017-18 and 2018-19 and nullified in 2019-20 or should be carried forward in 2015-16, 2016-17, 2017-18 and nullified in the year 2018-19 ?
The confusion has arisen by the words “being set on in the succeeding accounting year and so on up to and inclusive of the fourth accounting year “. For the accounting year 2014-15, the first succeeding accounting year is 2015-16, 2nd year is 2016-17, 3rd year is 2017-18 and 4th year is 2018-19. Therefore the set on should be carried on up to 2018-19 and should be nullified in accounting year 2019-20.
However, if the 1st year is to be taken as accounting year 2014-15 itself, then 4th year is 2017-18 and therefore the amount of set on should be nullified in 2018-19.

We request the club member to help me in the matter.

Dear Expert,

W had received an Invoice from URD for professional charges Bill amount 142000
Pls advice the total entries

1. Expense Booking entry
2. GST Booking and set off entry
3. Payment of GST entry
If any other

how i get approval of a new company

Respected Sir,

I use Tally 7.2. I have to issue a debit note to my supplier on account of goods returned to the supplier. But the debit note should reflect address and GST Number of the supplier.

One factory running canteen as it is statutory obligation on the part of employer ( number of employees more than 25). The company is providing grocery, vegetable and milk required for running the factory. The labour contractor is engaged for canteen services. The company is recovered part of the amount from employees and contribute part of the amount.

Request expert opinion on the applicability of GST for the above as there is big confusion because of the following :

1. Section 7 of GST - Supply to related party and distinct person
2. CBIC Press release dated 10.07.2017 , no GST will attract if employer provides service as the part of contractual agreement to the employee.
3. Clarification given to section 17 (5) (b) GST ITC is allowed if the company provides food to meet statutory obligation.
4. Advance ruling confirming GST for canteen food and confirmation by adjudicating advance rule authority for the same

Good Afternoon Sir,
I Have queries regarding Rent on Immovebale Property. Kindly Solve my Query.

1. If an Individual Person and Not Registered under GST. He lives in Chandigarh and His Commerical Property in Mohali (Punjab).
- Can GST applicable on Rent of Immoveable under RCM and Who is Liable to Pay GST and If GST applicable on Under RCM on Immoveable Property.
Which is Apllicable
A. Interstate
B. Intrastate.

2. If a person Registered under GST and They Provide their Residential Property to Company for Commercial Purpose. Can They Charged GST on Rent on Immoveable Property or Not.

Kindly Solve my Query. Its very urgent.
One of my Received Rent bill from Individual Person those who is not registered Under GST.
And Other Client who is Individual and Registered under GST and Provide Their Residetial Property to Companies. They are not Charging from the Company.

Please let me know whether i need to pay rcm under gst regarding GTA received from Bangalore to Hyderabad and we are registered under gst. as per my knowledge RCM means the tax payable by recipient instead of Supplier.Since i receive GTA from Bangalore i wanted to pay IGST tax under RCM.

Please let me know whether i need to pay IGST ot CGST + SGST and please provide if any document proof in this regard

Thanks
D Satyanarayana Rao
9177015184

I have entered wrong TAN number while paying my TDS for 2nd qtr. How can I correct it .