A sole property firm can be incorporate into a company???

I want to ask very basic question of GST

If a retailer having T/o > 20 Lac ( he will have to registration in GST).

Now, supose he is selling Goods on which MRP is printed Let say Rs. 50/- (where it is mentined inclusive of all taxes)

He is getting Rs. 50 from Customer.

How he will charge GST on such products? as he can't sell for more than MRP, if he will charge GST price will be more than Rs 50, which is not posssible, as we know.

Will it (GST) 50*12/112 = 5.36 ?? AM i correct or not???

One another Question will he charge CGST and SGST simultaneously i.e. will the rate be 12+12=24%????

Please clarify. Thanks....

we have a manufacturing unit , registered under state vat & excise also
we set input vat against out vat paid in our monthly & quarterly returns,

Q. some of our supplier charged Excise in their invoice.

on 01.07.17 can we claim excise input on closing stock lying on 01.07.17????

thanks in advance

Sir/Madam,

I want to know rate of Service Tax to be in the following case:
1) Purchase of Immoveable Property?
2) Sale of Immoveable Property?

What will be the implications of the above after GST Implications i.e Rate under GST?

Regards,
Rakesh

Hi All

I am a grain merchant. I file TDS online on a monthly basis.

I recently realized that I have been submitting my TDS under the wrong MAJOR head (0020-Company Deductees instead of 0021-Non Company Deductees). But the funny thing is that I never received a notice from the Income Tax Department about the same.

What should I do about it? Or I should just leave the matter and start filing my TDS under the correct MAJOR head from now on?

Thanks in advance.

Hi everyone! I dint do b. Com. I'm going to write my ca final 4 th attempt in this nov17. Is there any compulsion to do b. Com? In between is there any course we can start like CFA, CPA, FRM, etc. For a Ca final student who dint complete b. Com. Please anyone1 help.

Dear Sir/Mam,

Let me know,

Can I file TDS Q1 Return before 30th June ( Before completion of Q1 )

Hi experts. My relative has opened 1 year FD for Rs 100000 on 1-12-2016.Interest recivivable is Rs 7196 on 1-12-2017. While filing itr for AY 17-18 whether interest should be shown proportionately or only after receiving on 1-12-17 I.e for A.Y 18-19. Please guide me. (TDS NOT DEDUCTED). Thanks in advance.

Dear Experts.
as per existing Service tax law service tax is applicable even on reimbursement of expenditure.

plz clarify :- will GST also be applicable on reimbursement of expenditure or not,

Regards
Aniket

i received income from contractee as contract basis that amount is 847522 in F.Y 2016-17. they are directly transfer to my bank account in every month..so i want file ITR-4, where shouid i show my income in the ITR-4 ??

Either
1).Through a/c payee cheque or a/c payee bank draft or bank electronic clearing system received before specified date
or
2). Any other mode

which option is better to show my income in ITR Return-4 ??