While filing GSTR-1 we always put therein the value of export sales as per shipping bill but as and when the export bill gets realized, realized value of export sale as per band advice is booked in books of account on account of export sales. Now tomorrow might be the issue of mis-matching of exports sales with the shipping bill. Please guide me what to do in such circumstances. Realized value of export sales should be taken in books of accounts or sales value should be taken as per shipping bill.

Sir/Ma'm,
With due respect I would like to inquire a thing.

Presently, I am employed with a CA Firm for 1.5 years. Now I got an offer from a Limited Company of Kolkata.. Can I shift to that job ?

Sir,

I have taken composite scheme in gst in last october, and start supplying B2B product by charging gst 28%.
Now at the time of returns i realized that i have made a blunder mistake.

Please suggest what solution is there for me.

sir,
In mp govt employees half of the 7 th pay arrears goes into gpf account and half of amount is deposited in the accounts regard this I have some questions like-
1. Is amount goes into gpf account is taxable or not.
2.If exempted than which section is implied.
thanks

Hi,

Greetings!

I have queries related to Capital gain/Loan from the relative.

Background:

The property is newly constructed apartment and built on the land which is in the name of my father-in-law. He would like to gift one flat to my wife.

I have few queries related to this -
1. What would be the tax on selling the apartment? Process, norms & tax slab, etc.
2. Fund received will be considered as capital gain or can be shown as fund received from the relative (Non taxable)?
3. If taxable, what would be the current tax bracket and implications?
4. Can we use this fund to close open loan like Car & Home loan, show as fund being utilized in closing the current loan liabilities.
5. I would like to understand the various tax saving options.

Looking forward to your valuable inputs, suggestions and insights.

Best regards,

Sir,
My client is asking me to tell him the amount of insurance premium he has to pay to get 80C deduction. Doesnt it depend on the policy?
Also is deduction available on payment basis ie,if paid in april 2019 is the deduction available for nxt year only incase of ppf and insurance premium?

Company sold a vehicle used by it. Depreciation has been claimed on hat vehicle. Kindly clarify the applicability of GST on sale of used vehicle by a Company.

Ours is a Proprietorship firm transporting sand to a Limited company. No consignment note is issued. Receiving amount on kilometer bases. Whether such service is liable for Service Tax ? If yes, who is liable to pay Tax i.e. company or contractee and the rate of tax?

Sir,

I want to know that in GST annual return ,whether sales of petrol & diesel have to been shown or not.

Plz advice.

After cancellation of GST no of a composition dealer,what return we need to file for final assessment and what is the position of closing stock.whether we have to pay 1% of the stock???