Maya
12 July 2017 at 19:45

Opening balance difference in tally

Dear Sir / Madam/ frds, One of the assessee had made some mistakes in tally, so that its opening balance of many ledgers during P.Y. has been changed. Remaining all other transactions, payments & receipts are posted correctly. Now I have to change the opening balance of wrongly entered ledgers as in the actual books of accounts. If I directly try to change it, it shows "Difference in opening balance". Then how do I change it. Plz share your ideas please.... Thanks / Maya..



Anonymous

Say a company is a power generation and distribution company set up in andhra pradesh (notified backward area) it purchases an windmill whose deprecition rate is 80%, being a manufacurer it will get an additional depreciation on 35%.So total depreciation would come upto 105%.Is it possible or is there any provision restricting the deprecition upto the cost of the asset?


B.R.Vinod kumar
12 July 2017 at 19:20

Advance

Dear Sir,
If the Person running a business & received advance on 5.7.2017 of Rs. 100000/- for Rendering service (or) Sales of goods ,with quotation. In the quotation there is GST category % like 5 % , 12% , 18% ,. . how to calculate the gst output against advance received at the end of the month.


shweta thakur
12 July 2017 at 19:12

documents required for gst

list of documents required for new gst registration


rajeev sehgal
12 July 2017 at 18:56

Showing retirement benefits in itr-1

I was retired from Govt Service in April 2016. Now I have to file IT Return. As I received retirement benefits like, Commutation, Gratuity, Leave Encashment etc. pl inform me under which column I have to show this amount in Income Tax Return (ITR-1) for Financial Year 2016-17.

Rajeev Sehgal
Mobile:9654432927


Anonymous
12 July 2017 at 18:37

Applicability & registration

I have 3 areas of business
1 Architectural consultancy
2. Construction contract
3. Builder


Is GST applicable to all tge above 3 businesses?

Am I required to register for all 3 businesses? Separately or together?



Anonymous
12 July 2017 at 18:14

Refund

If an Assessee has Claimed Refund in his Return of Income & Dept after issuing Intimation U/s 143 (1) & stating a Refund in Intimation is not able to Issue Refund because of Wrong Account No. given in the Return.
So, Can the said Refund Amt be Adjusted against Out standing Demand (if any) raised for any other Assessment year & if yes for the said adjustment is their any specific time limit.


Please Help


rajesh
12 July 2017 at 18:12

Sales invoice in gst

i deal in wide variety of product nearly about 55 items can i make lot or lumpsum invoice by bifurcating material with hsn code our business has 04 nos hsn code



Anonymous

Dear Sir/Madam,

I am dealing with only and only Handloom items like- Saree, stole and dupattas in Delhi NCR. Shall we come under the GST?



Anonymous

Dear sirs,

Someone can please clarify that purchase of un-productive cow (unable to give milk and new babies) will be considered as capital or revenue expenditure as livestock is considered under capital expenditure.

As per our understanding revenue expenditure mean that any purchase whose utility is less than one year will be booked under revenue.

Regards






CCI Pro



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