A Private Limited Company has a property at Hyderabad. The company entered into an agreement with OYO . Oyo will book rooms and their commission is 24.78%. As per the GST act, up to Rs.1,000 per day rent is exempted and above Rs.1,000 per day is chargeable at 12%. The hotel is also supplying food to the customers. What is rate of GST on these food supplies? Suppose one customer stays for two days and rent is Rs.1800 for two days, hence this amount is exempted from GST, apart from room rent food supplies of Rs.350, were also made. Now how to work out the GST component = Room rent Rs.1,800 + Food Rs.350 Total amount is Rs.2,150 – please tell me how to work out GST?
R S Sai Kumar

Hi, while uploading Balance sheet and profit and loss account PDF for GSTR9C, we have uploaded AY 17-18 instead of FY 17-18 and filed it. Is there any way we can rectify this or do some corrective action?

What is the procedure for providing a cash gift to Brother and Sister above 50,000. I am referring to documentation involved that will be acceptable to tax authorities

Can a chartered accountant lend money? If they do so by asking their spouse (who is not a qualified CA) to lend money to a firm for which he himself is an auditor and the spouse too is working for that firm performing the audit and routinely does consultancy for the firm to whom the money has been lent - is that a conflict of interest? Also, if both the CA and spouse (non CA) share a joint bank account and are also collecting the audit fees and the interest on the loan in the same bank account from the same firm - does that make the lender and the auditor one and the same person (there is apparently no firewall)?

Are there any violations that have been committed? What is the nature of the violations? What is the punishment under ICAI?

Is there mandatory to upload cash flow for proprietors firm.

Dear all
A Partnership firm is having turnover of Rs 20 lakhs and net profit after payment of interest and remuneration is Rs 0(zero) for the asst year 2019-20 whether this firm is required to get accounts audited or not kindly clarify ( earlier also this firm was not filed return u/s 44AD)
thanks

Dear Sir

Our company is sale & service industry. We book air ticket for travel by Agent and agent give us a bill for CGST & SGST & we take input by his bills.
But Air india & other airlines bills also show in our GSTR-2A as IGST but we did not received any bills from airlines side.
Can i Claim this IGST as input in our book?

HOW TO PREPARE MANUALLY FIRST NIL RETURN UNDER SECTION 26(Q) TO SUBMIT AT NSDL OFFICE?

Company has accept and given a loan from Relative, Director and Third party. Can anyone help me how to report in statutory Audit report for this default??

Dear Sir,

Please guide me on the following topic............................

PF deduction as per new judgement by Supreme Court.

Is it compulsory for a Pvt. Ltd. Company, to deduct PF on gross salary instead of (Basic + D.A) as per the recent verdict on " PF will be deducted on Gross Salary unto Rs 15,000/- " by the Supreme Court.
If PF is not deducted on gross salary , then what action will be taken by PF Dept. Because the PF Dept. has not issued any specific notification on PF Deduction on Gross Salary"


So Please guide Sir. It is very URGENT...

With Regards

Ajoy Singh