I have filed original return (accounts books maintained on cash basis) for A.Y 2016-17 before due date. The return was processed generating a refund (of around 60,000/-). Now i wish to REVISE the return as I had unintentionally forgotten to take Share of Profit, Remuneration from the firm and Interest on capital with the firm (although all of the income from firm are book entries not received by me in cash/cheque).

On incorporating the above incomes still i am eligible for a refund (of around 18,000/-).
How and where do i show Income tax refund received, How do i calculate interest payable if any.
How do i refund back the department the excess refund received. Do i need to ?.

MY TAXABLE SALES VALUE IS 114799 CGST 2869 + SGST 2869
MY URD/RCM T.O. IS 96556 NOW RCM ARE CGST 2414 + SGST 2414

NOW MY QUESTION IS, DO I NEED TO SETOFF JULY OUTPUT LIABILITY AGAINST RCM PAID OF JULY ?? OR BOTH NEED TO PAY ??

WHERE TO SHOW IN 3B ??

THANKS IN ADVANCE

Weather the additional Dep. @ 20% is applicable on the purchase of new plant & machinery, amounting 12 lakh for the A. Y. 2017-18, for the partnership firm

Hello Everyone!

My query is as under;

A foreign company giving services of tour operator in Dubai, to its Indian client,

Whether foreign company requires registration under GST u/s 24(v) of CGST Act, 2017 ?

Whether Indian client receiving services from foreign company required to pay GST on RCM basis ?

Kindly reply.

Dear sir/Madam,

Is GST applicable on Debit note of expenses?

If i issue debit note of expenses such as electricity expense, so that GST is applicable on it?

Main unit has a PAN card. it has one sub unit which does not have pan card. the sub unit has received notice why it does not have pan.Please help me with the section or the relevant explanation that sub unit is not required to hold pan

hello sir/madam Sir i want to ask you, is my mom liable to pay income tax on interest earn by kisan vikas patra (joint B type) after my father's death? please give your valuable advice... thank you

I have an liability of making the payment of GST under RCM for the month of July, so i want to know that when i will get the credit of GST paid under RCM i.e whether in the same month or in next month. Please explain, its urgent.

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.