Thanks in Advance
Dear Sir,
we are manufacturing unit and we have purchases racket (hsn 9506) and others sports items , kindly suggest can we claim ITC

regards
ashok

Hello Experts,
Please tell me,how should i pass journal entry if amount is credited in the bank on cancellation of Bank Guarantee..Which A/C should be credited and under which head.?

Thankyou

Dear Professionals, kindly suggest me, whether Gym materials purchased can be eligible for ITC. Inaddition to my query, the said company is not into the profession of Gym / Fitness centre. They have bought the Gym materials for the employees.

I am a partner in a partnership firm. I receives a sum of Rs.3,00,000 as remuneration from the firm. I does not have any other income. I filed my return in ITR-3 form by entering the same amount of Rs. 3,00,000 in BP schedule under 24 a.Salary. My return was found defective. The Income Tax Department ask me to fill the Balance Sheet and Profit and Loss Account. But i dont have any business my own. then how can i fill the above ?

Dear Sir

fire broke out the premise of the dealer and some goods destroyed. we have received some claim from insurance company
Please suggest below entry in books of account is correct or wrong
Stock Journal Consumation entry passed in tally

Loss of Fire 25000/- Dr. (Indirect exp.)
Stock loss by Fire 25000/- Cr. ( Indirect income)

Loss of Fire 4500/- Dr.
IGST Input 4500/- Cr. ITC Reversed

Insurance Claim Receivable 20000/- Dr. (Current Assets )
Loss of Fire 20000/-Cr.

Please advise to me sir

Dear sir
Please provide board of resolution of takeover of limit and bank Guarantee

Best regards

Dinesh

Sir
In case of Export sales of goods and domestic sales of goods made by dealer.
Whether Rule 42 is applicable for reversal of ITC .
say Export Sales :1 cr
Domestic Sales: 2 Cr
Total ITC = 30 lac (Purchase of Goods)
Reversal of ITC (rule 42)=30*1/3= 10 Lac.
Please provide your opinion.(regarding above)
Thanks in advance.

Dear all

Please send me salary slab for the income Tax for Financial year 2019-20

I purchased a machinery as on 10.04.2018 of Rs 536000 IGST 96480 Total Rs 632480. Now I sell Such as on 11.11.2019 For RS 84000 only Cgst : 7560 sgst : 7560 Total 99120. I create a sell as same as i make for goods sold. where to show such sall in GST all returns and is ITC is required to be return than how much. How I return the credit.
Is there any other formalities.

At the time of preparing Form-9, 2017-18, found that some ITC are there in 2A which I have not claimed in GSTR-3B. Now I have claimed in form-9, annual return. But still not showing the unclaimed ITC in any year. Whether I have to claim it in 3B of November 2019?