Dear Experts,
In the 3B of April I came across the situation that No sale & purchase was made during the month however both purchase return and sale return was made in the said month. Whereas 3B won't accept the figures in minus....pls tell me how to record the same.....in 3B

Thanks
Karan

If a listed company is having two windmills and power generated from the above 2 windmills is firstly used for captive consumption and then is is sold to its respective electricity board. then how should be revenue recognized and what should be the accounting treatment as per respective IND AS

Dear Sir,

I want to ask a question that we are doing a sale transaction with our registered dealer and he will export the material with in 90 days from purchase and he ask from us on Tax Invoice to charge GST @0.1% on sale. then i want to ask you that what the benefit we will get from this kind of transaction and whether we can claim ITC on remaining amount in same month or next month ? and if cannot then what we can do?

In such a case my friend tell me that the remain amount cannot be utilised for ITC for other Transaction. remaining amount will be refund in our account. if true then what is the procedure of refund claim please tell me briefly.

on the other hand one of my friend suggest me that agree with the party and do the Tax invoice @ you purchase from your customer. it means that you have paid GST to department and customer will get refund when he will submit his Export documents to bank.the party will get refund of GST amount is it possible?


Then tell me from both of them which concept which Transaction will be more beneficial for us?

DEAR EXPERTS,
IF THE TDS DEDUCTED INCLUDES GST??? AND I'VE FILED MY INCOME REDUCING THE GST PART...AND AN INTIMATION FROM CPC CAME AS DEFECTIVE RETURNS.......I DONT HAVE AN IDEA WHAT TO DO?? CAN SOMEONE GUIDE ME?

Hi,

In case of F&O, if there is 15 lakh profit and 20 lakh loss, I understand the total turnover is taken 35 lakhs. This as per my understanding will be considered non speculative business income.

How do I show this in the P&L schedule of ITR 3 while filing the income tax return.

Kindly suggest. Thanks

Dear Experts,

We have filed the GSTR Returns (3 B )for the month of March and April 19. But 2 purchase bill is pending with us. one is for Nov .2018 Rs.43225/- and second for March 2019 Rs.11400/-. Please advise what should i have to do.

Thanks you.

I am an Indian Seararer working on Foreign ships and was in India for 157 days in the FY 2018-19 and for 571 days in the last 4 preceeding years.

As I'm a seafarer I qualify to be an NRI as was for more than 182 out of India.

In this case should I fill ITR-2 , is this correct.

ITR-2 does not have any section wherein I can state that I am an Indian Seafarer working on Foreign ships.

Under Jusidiction Residence can I state , "Worldwide - Seafarer on foreign ships" .

Kindly advise,

Thanks

i took GST number in Jan 2019 planing to start some side business. But for some reason i did not started my business and no sale was made. i am getting message to pay gst or i will be penalized. Please let me know that do i have to pay and kind of few after getting GST number is no same was made?

Sir/Madam,
I am a practitioner of Tax and Accounts. I am maintaining accounts of a Manufacturing Unit.Actually i am facing Tax reverse problem. Here Inward goods are taxable with rate of 5% but after manufacturing we will get two type of goods, first
goods sale are taxable with same rate 5% but secondary goods sale are Exempt.so i want to know how we calculate of reverse tax in GST. If any other rule for this type of Unit then tell me and please give me your suggestion.
Thanking You

We have received Transporter Bill & We making RCM Bill for that. Now We have received Transporter Bill of Feb-2019 & Nov-2018 we have already filed Form 3 B. Transporter bill show on Portal respective Bill Date. Can I take this Bill in current month May-19 by making RCM Bill ?