ARCHANA
05 June 2018 at 12:32

Gst expenses

Sir/Mam,

What kind of expenditure we have to take ITC , yesterday I had checked in GSTR2A lot of expenditure in that Which I have to accept or not I am not able to understand please help in this regard

Thanking you



Anonymous
05 June 2018 at 11:35

Fixed asset

Dear expert,

The company has taken office on lease for 5 years. and is doing interior work to extent of 25 lacs.
break up as under -
1.electrical work 6 lac
2 Ac work 6 lac
3 glass work 4 lac
4 pantry unit 0.5 lac
5 carpentry work 1.58 lacs
6 modular furn7 lac
7 Architect fee 10% of above exp.

What is the a/c treatment.pl guide.



Anonymous
05 June 2018 at 09:56

Expired goods treatments

Dear Experts,

As per supplier/ manufacturar policy, wholesaler shall accept expired medicine anywhere whole d India..... Either or not sale by him, . And wholesaler issue credit not with mentioned GST amount. And after than he returned such goods to d supplier/manufacturer as a purchase return...

My question is can he do this bqz he not purchase such good but accept as a sales return and purchase return.....

How can he avail ITC .... Please share accounting treatment....



Anonymous
05 June 2018 at 00:48

Withdrawal from composition scheme

Assessee paying tax under regular method, has due to mistake applied for composition from 01/03/2018.
He want to be regular tax payer by withdrawing from composition from 01/03/2018.
Is it possible. How to revoke composition from day of as composition dealer.



Anonymous
05 June 2018 at 00:17

Conflict of interest

Kindly clarify provision of companies Act and income tax act , where father is the director of a college registered under religious trust and his son is appointed as a statutarry auditor of the same college,the college is run by a governing board where the director signs the financial statements.


Guest
04 June 2018 at 20:54

Taxable salary and itr 1 form

hi experts,
my boss asked to file itr 1form, as it is my first assignment i need ur help.form 16 of client is as follows,
gross salary 11,00,500 (includes basic pay, hra,medical allwance, transport,bonus,leave travel concession, leave encashment,arrears of salary,spl. allowance)
less: exemption sec 10 : 1,90,000
net salary 909500
less: p tax 1400recd gratuity on retirment of 3,00000
afterwards joined other co. vch paid 50000 per month n no tds deducted by new co. plz guide salary computation n how to fill itr 1


Rubul

Dear Members
Please provide your comment weather the following transaction will be considered as export of service and consequently not chargeable to IGST - :

XYZ Foreign co. having share holder X,Y& Z incorporated a new company XYZ India in India. XYZ India has provide design & engeneering consultancy to XYZ foreign Co. for some of the projects undertaken by XYZ Foreign co. outside India. XYZ india raised a invoice of USD 100000/- to XYZ Foreign co. This amount is received in convertible foreign exchange within 1 month.



Anonymous

how to add authorized signatory name in GST portal the purpose is this person is going to sign the sale invoice can it be an employee or not
"as per the provisions of rule 46 of the CGST rules 2017 every tax invoice is to be signed by an authorized signatory"


Aditi
04 June 2018 at 17:49

Deposits

As per companies amendment act, 2017 , co. Having deposits shall be req. To create deposits repayment reserve on or before 30 april of every fy account for an amount of 20% of deposits maturing at the end of next fy or following fy.? Or of both


Shivani

I want to know that is there any way through which i can get details of Returns filed against a particular GST No. without login to the GST Portal.

Please if anyone can help me on this matter, I'll be thankful to you..!!





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