assesse having income of buying hens from poultry farms and selling to the butcher shops and also having contracts with traders. so plz suggest me treatment of this income with appropriate head

Dear Madam/Sir,

please clarify me that one of my client a dealer of acc cement and iron and steel, dealer of asian paints. he almost sales in the nature of credit basis 30 days, 60days. he made deposited cash of 1200000/- rupees after money demonetisation. he has declared sales of 1500000/- rupees in the vat return. his cash in hand almost 9th of November month more than 1500000/ rupees. After that he has received notice from income tax department to give explanation about cash deposits. we replied through online e-proceedings. but income tax officer not satisfied of our replies. he calls us to produce books of accounts vat returns, bank statements and every thing.

we have appeared before him books of accounts. he is saying your deposited cash in different dates now almost cash deposits are un authorized income you have pay tax on that. i quetioned him how you thought of all cash deposits are unauthorized income ? he has almost maintained more than 1000000/ rupees his cash balances because he is wholesale dealer.

please tell me if any limitation of regarding cash deposits even the money legally hold by him

regards

Dear Sir,

Sales Made in the month of June Rs.500000 plus 14% VAT. At present we need to collect out of them Rs.300000 as sales returns. Now VAT is no more applicable and GST is applicable. How to proceed further? If he is unregistered dealer and If he is a registered dealer .

Dear Sir,

Our Director has Purchased Chairs for office use in Amazon(Online) , but bill name is in Director name (Sham C/o AEPS) C/o Company & Company Address. Can we take ITC in this case.

Company GSTIN Number not mentioned in bill.

Pls any one help me.

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Dear Sir,

I have query regarding Income Tax for Rented Property.
I have 2 Flat in Pune City.One is rented and second is Self occupied.
I am single Owner of both property.

Can I show Income of rented property in My Wife income instead of include it My income?

If I declare rented income in My income then I need to fill income tax by considering 30 % income tax slab.
If I declare rented income in My wife's income then she need to fill income tax by considering 10 % income tax slab.

Dear Expert, I have filed GSTR 3B for the july month, but i have missed some sales bill now how i can add those sales bill in july. should i revised Gstr 3b or i should show in Gstr 1 how to pay additional gst on those bill for july month whether we can revise the gstr 3 b for july month after filing, pls sdvice how to show those bill & how to pay gst on those bills

Sir,
My Client Sibananda Baidya doing Contractor business, In Nov. 2017 he received a Abstract Contract Bill, Details as under:
Client Name: M/s. SHIBANANDA BAIDYA
PROJECT NAME : :PIPELINE (DI/HDPE)
Co. Name: GVPR ENGINEERS LIMITEDO D I S H A R E G I O N - B H U B A N E S W A R
NATURE OF WORK: MEGA LIFT PROJECTS, CLUSTER - II
SITE OFFICE : PLOT NO 121, DHANVEE TOWN SHIP (BABUSUNORIA), DONGAGUDA BACK SIDE HATTAPADA, JEYPORE- KORAPUT Dist.

BILL NO :2

TOTAL GROSS BILL VALUE: Rs.1823792
DEDUCTIONS AS PER WORK ORDER:Rs.492424
Add:
SGST : Rs.58,785/-
CGST : Rs.58,785/-
NET BILL VALUE: Rs.1331368/-
How to Show the Value in GSTR-3B Return ?
Kindly confirm is it necessary to pay SGST & CGST by recipient.

Awaiting your Reply
Thanking you,

Chinmay Baidya

In GST RFD 01 What Figures should be filled in computation of refund to be claimed (statement 3A)

Our Case is Refund of ITC on Account of Exports Without Payment of Tax ( Exported under LUT)

Example Turnover details for JULY 2017:

I) Total Value of Sales in July 2017 : Rs.82,98,137.00
in that
1)Export Sales
( nil rated -Without Payment of tax under LUT ) - Rs.77,13,671.00
2) Sales within state taxable - Rs.2,68,181.15
( Tax amount - CGST Rs.20,878.00 ; SGST - Rs.20,878.00)
3) Sales Within State Exempted /Nil rated - Rs.3,16,284.50

II) ITC - Credited towards our purchase in this period (July 2017) is CGST - Rs.55,855.00 & SGST - Rs.55,855.00

In 3B return for July 2017 we used the ITC amount CGST Rs.20,878.00 ; SGST - Rs.20,878.00 for the taxable sales as mentioned above

III) Now I have to get refund of the balance amount of
CGST Rs. 34977.00 (55855.00 - 20878.00)
SGST Rs. 34977.00 (55855.00 - 20878.00)

Total Refund amount = Rs.69954.00


In Statement 3A table in refund computation I need clarification:
In my case kindly explain
What is Turnover of zero rated supply of goods (under this head what is IGST/CGST/SGST)
What is Net input tax credit ( under this head what is IGST/CGST/SGST)
What is Adjusted Turn Over (Under this head what is IGST/CGST/SGST)

Kindly clarify my quires. Thanks

Is Repayment of loan is treated is application of income, if loan is taken for purchase of property in case of trust and this purchase is taken as capital expenditure.