Hi,

We import goods from Korea
When we payment , bank charge charges on amt. Following

1 remmitaanc charges + csgst and sgst.
2 one more amt. Of cgst sgst on fx conversion
E.g.
We send 11139 SD
Bank conversion rate. 63.39
Conversion amt 712784.61
Bill comm. 750
Cgst 433.25
(On 750@18%=67.50
+cgst 365.75 on FX conversion
Value of service 4063.92
Sgst 433.25
(On 750@18%=67.50
+cgst 365.75 on FX conversion Value of service 4063.92
Total debit our account 714401.11


Here point is that,
We entered 750 as bank charges and its GST 67.50+67.50
But how to make a entry of SGST CGST 365
75+365.75 in my account books
Request to you pls help me in that matter
livejeevan@gmail.com

For the Purohit income, which return should be filed, he has annual income is of around 3 LksWhether it should be filed under itr 1 under Other sources or itr 4 profession.He will get cash and he will deposit in his account.He will get by doing activities like Pooja in temple and other Poojas outside.

If I AM FILLING ITR 4 UNDER PRESUMPTIVE TAXATION BASIS,AND FOR A PARTICULAR YEAR IF I FILE ITR 3 WHOULD MY PRESUMPTIVE BASIS TAXATION BENEFIT BE REVOKED FOR 5 YEARS, I WONT BE ABLE TO FILE ITR 4 FOR THE PAST 5 YEARS AND I HAVE TO FILE ITR 3 FOR THAT PERIOD, KINDLY REPLY AS SOON AS POSSIBLE, THANKS IN ADVANCE

Itr is shown in the full itr dowloaded  Total Replies : 0    Rupayan Basak     17 September 2017 I uploaded one ITR 4 (Sugam) for the AY 2017-18 on 1st May 2017. I have not received any intimation, notice etc. The status of the ITR is shown as "Sucessfully E Verified" Last night I dowloaded the pdf of the entire ITR from the efling site. The entire ITR has a watermark "invalid" on each pages. Please suggest the reasons and solutions for the case. It would be very helpful.

casual labour pyt.on a construction site, is rcm applicable? if yes @what rate?

The commercial Rent is Rs 65,000 per month of which per annum comes as at Rs 7,80,000 will it attract 18% GST ?

I have heard as follows:

If the commercial rent exceeds Rs 20 Lacs per annum, 18% GST on the whole amount will have to be recovered from the tenant.

Please guide me

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Bad debt in the books of assesse was written off in Financial Year 31.03.2012 of Rs. 100000/-. During f.y ended on 31.03.2015 on 25.03.2015 a contract was executed between assessee and the borrower (whose debts was regarded as bad debt in f..y. 31.03.2012) that amount will be paid in F.y.01.04.2015 to 31.03.2016 by handing post dated cheques of different dates within F.y.01.04.2015 to 31.03.2016 totaling of Rs. One lakh those were duly passed.
Assessee on 25.03.2015 itself made entry by debiting the Debtor a/c of Rs. One lakh and Credited the Bad Debts Recovered account. Now it is being told that Bad debts recovered can not be credited on 25.03.2015 itself, because it is only the date of contract and it should have been credited during during F.y.01.04.2015 to 31.03.2016 totaling of Rs. One lakh when actually it was duly received.
Assessee has carried forwarded losses of more than Rs. one lakh and those can be set off only upto 31.03.2015.
Please guide what is the correct law.

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GST NO APPLICABLE FOR ME ?
SHOULD I APPLY FOR GST NO ?

I am thinking of letting out my residential property on a long term lease for 50 lakhs (property value 1.8Cr). The lease period will be for 5 years. The amount will be returned back after the lease period.
The monthly rental for this property in the market is 40K. I am planning to invest this amount in my business.
How should I file my tax returns to reflect this lease agreement and how to calculate my tax liability for the same.

what items to fill in last column where non GST exempted and zero rated supply has to mention