We are running trading business. we have more than 10 crore of yearly turnover. We just got Email from income tax department of India to tell about Cash deposits during 09/11/2016 to 31/12/2016. What we have to reply Is it for TOTAL cash deposits (including Demonetized and Running Bank currencies) or just Full detail for demonetized (ie 500 and 1000) only.

Invoice has to be issued in case of "Purchase from unregistered dealer" only ? or in all cases of RCM ?

1. If a registered person under GST purchases goods from a composition dealer
- Whether it will be treated as purchase from regd. person or unregd. person.
- will he be liable under RCM
- will he get ITC of the tax paid by the Composition dealer while making purchase.

Hello expert,
my query is can loss of PYs be setoff against CY profit if CYs return filed belatedly.

awaiting your reply,
Thank you.

Dear Sir,

Can we claim GST Credit on office expenses like Telephone bill, software renewal charges and such other expenses ? if yes what should be the accounting entry in our books ?

Regards,
Sachin

My mother is a PSU Employee and she is recieving a family pension of Rs. 1037 p.m. (12144/annum). Family pension is taxable under income from other sources. However a deduction of 1/3 of pension or 15000 whichever is lower is allowed. So in this case how to file itr as here the pension itself is lower than 15000?

What happens when a person takes an advance of an amount and pays the GST on it. However subsequently there is no supply and the advance is completely refunded. Is there any credit available to any of the parties on such an advance?? If Yes to whom and on basis of which document?

Dear sir

I did not sent my HRA and LIC receipt to my employer. So same were not reflected in my form 16.

I filed ITR through clear tax and shown both figure. Now I got letter my income tax department that my ITR and form 16 are not matching.
Yesterday I asked solution on CAclubindia expert and they suggested me to tell fact to income tax department. Kindly inform remedy in detail.
Thanks

Dear Sir,

Is every purchase of goods and services will be covered under GST :-

1. newspaper vendor who supplies newspaper to offices will be considered as "unregistered dealer"
2. auto driver services used for for bringing diesel for DG set will be treated as "unregistered dealer"

Looking for your valuable opinion.
Regards - Atul Gaur

How to write-off preliminary expenses?
Some says in one time...
Some says in five years....
is there any legal requirement??