If service received before appointed date of GST but payment will be made after appointed date of GST. Will GST leviable on such transaction?
The Definition of Aggregate Turnover under section 2(6) of the Act provides that all "TAXABLE SUPPLIES" along with exempted and other supplies, except supplies on which tax is to be paid on reverse charge basis, shall be considered for the calculation of the limit of Rs. 20 lakhs.
Does "TAXABLE SUPPLIES" only include Outward supplies, or it may be either outward as well as inward supplies, as the term supply is not defined in the GST law. Also, Taxable supply includes any supply on which tax is chargeable, so does the definition of Aggregate Turnover cover inward supplies also??
I m purchasing milk from doodh sangh and sell to customers.....milk is zero rated supply.....i m purchasing and selling only milk and my turnover is above 1 crore.....shud i file return under gst?......
If there is a joint account of fixed deposit, in the name of husband and wife.
As per Income tax , in whose Income Tax File i.e. husband or wife ,
the above Fixed Deposit require to show.
Sir, I am an accountant doing account jobs of many clients in Tally 7.2 since long and I also submit VAT returns of many clients monthly. Now, as the GST will be applicable from st July,2017, I will have to change from tally 7.2 to other accounting software which can fulfill my accounting jobs as well as GST requirements. Can anybody guide me as which software I should buy now ?
x a dealer in lubricant have closing stock of rs100 as on appointed day, the stock carries excise duty of 14% and stock is fully supported with excisable invoice. my query is whether closing stock @14% will be allowed in GST or Will be limited to the extent of 9% CGST assuming GST rate of 18% in lubricant
RESPECTED SIR,
A LIMITED COMPANY IS PARTNER IN A PARTNERSHIP FIRM.
SIR, CAN PARTNERSHIP FIRM PAY REMUNERATION TO THE LIMITED COMPANY
WITH REGARDS
I recently joined a company and my ctc is XXX lpa and in hand guaranteed cash is XX lpa. anyone can help what is the applicable tax rate for me and how can I pay less tax?
Dear Sir,
A person is carrying the business of Bakery. His Total Sales is 60,00,000/- in the FY 2015-16. He is showing the income less than 8 % and maintaining the books of accounts and his total income is exceeds the maximum amount which is not chargeable to tax. Whether he is liable to get his accounts audited u/s 44 AB? He is not opted for section 44 AD presumptive basis.
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools
Applicability of GST