Sir,
We have Liability on outward supply of Rs 10000.00 and liability of Rs 5000.00 on Inwards supply from URD for the month of July'17. Is it possible to get the credit of ITC on GST paid against RCM for the month of July'17.

In other way we wish to make the payment Rs 5000.00 against RCM and Rs 5000.00 against outwards supply after offset the ITC.

There is an ambiguity regarding the complaince for Network Marketers regarding GST . Network marketers /Multi level marketers are registered as distributors with the company like Herbalife etc . They will create a network under them(down line ) like chain marketing and they( all marketers at all levels ) will receive commision on the turnover made by all their downline marketers.They may /may not direct sell but they receive commision apart from profit margin ( if they sell products) so irrespective of whether they sell /not they wiill get sales commission if anyone in their downline sells products. Whether sales commsion which is subject to TDS u/s 194H can be treated as Consideration for supply of Service or anyother way to account it ?Who has to pay GST MLM(Multi level Marketing)Company or marketers ? What if they receive commison from turnover of downline and they also buy and sell products from MLM company @ margin ? Are there any special provisions regarding MLM companies in GST ? I would be glad if you can share any of your ecperience in dealing with Network marketers regarding Indirect Taxes compliance.. Thank you very much.

We are a marketing Company in Tamilnadu and we have employees all over India every day our Employees move across India and every week they will prepare expense sheet and claiming for Payment along with bills (ie., Lodge Expenses, Petrol, Telephone Expenses, Bus Fair,Auto, Taxi and Food Etc.,) we are accounting it Cumulative under Traveling Expenses and we are not separating the expenses head
The above expenses are mixed With or Without GST and Exempted also
Now we can continue the above accounting method or we have to account separate heads like Hotel Bill With GST and Hotel bill Without GST and Taxi as e commerce operator and food with and without GST?
Example:
Mr. Viji Markeing GM Sending Expenses report along with bills in a single voucher
22.08.2017 - 1950.00 Lodge Bill with GST stayed at Hyderabad Collecting in bill in his name
22.08.2017 - 300.00 For Food Fixed Allowances No Bill
22.08.2017 - 950.00 Uber Taxi Booked and Bill with GST in his name

What is the accounting treatment under GST?

Hello experts,

I just want to know, how to file GSTR-3B Form for GTA ( Goods Transport Agency) a service provider, as reverse charges are applicable to service recipient.

My queries are :

1) Service Provider under GTA is mandatory to show GST Tax rate in his Invoice?
2) Whether service Provider under GTA should declare his sale in GST Form Filing, like GSTR -3B? If yes, then how to show
his turnover of sale in FORM GSTR -3B?
3) Whether I should file the GST Returns of GTA (Service Provider) as considering of :
1) File Nil Return.
2) File Return by declaring sale turnover including GST Exempt.

In short, I just want to know how to file GST returns for GTA who are a service provider and not service recipient.

Please Guide me.

Dear sir / Madam, In the first template of TRAN 1 error message is show after submitting the CENVAT CREDIT as to processed with error.We have certain input on goods as on 30.06.17 which we filled in template 7(a) and submitted.The credit of the input held in stock came to credit in the electronic ledger but the earlier mentioned CENVAT credit which shows processed with error has not been credited.Now we have not submitted our 3b,hence please advise as to resolve the same.
thanks

Ranjith iyer

Read more at: https://www.caclubindia.com/experts/tran-1-2555674.asp

Assessee is owner of One Residential Flat in Varanasi, and One Commercila Flat in Delhi, She Sold Commercial Flat in Delhi, She want to Purchase one Residential Flat in Varanasi out of Amount received on Sale of Commercial Flat in Delhi, Whether She will be entitled for Long Term Capital Gain Exemption for this transaction

dear sir can i igst settoff from cgst input plz give me right suggestion thanks

I bought a laptop 3 years ago @ 35,000 rupees for personal use. Today after 3 years I started using it for business purpose.
What will be the cost of that laptop for me to determine depreciation on it.

Dear sir/madam
Is my attempt affected by articleship extention??
I have given exam in may 2017 and now my articleship will be completed on July 2018 deu to extention period..
If I'm eligible for exam which certificate of service should I get signed from my current principal..
Please reply ASAP

Sir/Mam, I had enrolled for ipcc since august 2014 & i am reappearing for nov. 2017. So i want to know that if i will clear group 1 of ipcc this time then should new syllabus of group 2 will applied on me or will i have to learn the same old syllabus.