Forums
GST TURNOVER
Indirect Taxation
answered on 28-Mar-22 09:53
In case of Government contracts, w/h contract amount is considered as turnover? Example suppose i got a govt contract of to build one building for goverment for 60laks.is turnover is 60laks
latest answer
Yes The Works Contracts has been defined in Section 2(119) of the CGST Act, 2017 as â??works contractâ?? means a contract for building, construction, fabrication, completion, erection, installation, fitting out, improvement, modification, repair, maintenance, renovation, alteration or commissioning of any immovable property wherein transfer of property in goods (whether as goods or in some other form) is involved in the execution of such contract.â?? As per Para 6 (a) of Schedule II to the CGST Act, 2017, works contracts as defined in section 2(119) of the CGST Act, 2017 shall be treated as a supply of services.
manohar reddy
CA Final
★ 710
2
548
GST TURNOVER
Indirect Taxation
answered on 28-Mar-22 10:00
Is government grant part of turnover
latest answer
As per valuation rules, subsidy from CG or SG is not considered in determining value of supply However, for aggregate turnover as per strict interpretation answer is Yes. Aggregate turnover covers all taxable, exempt, inter state and exports on All India basis under same PAN. Trust this clarifies !
manohar reddy
CA Final
★ 710
1
453
Audit of items of FS
Auditing
answered on 28-Mar-22 03:23
Does anyone have handwritten notes of this chapter from Indigolearn lectures ??
latest answer
Kindly plzz provide ð???
Harshini Magesh
CA Final
★ 710
1
540
Customs & Refund Chapter Notes
Indirect Taxation
answered on 28-Mar-22 16:26
Dear Team, Where can i find notes of Customs and Refund Chapter in GST
latest answer
Available in Notes under free resources. (Refer pg 198) Chapter wise notes will be made available soon
rajat khndelwal
CA Final
★ 860
7
639
Time of supply - 12(4) --- TDS in case of vouchers
Indirect Taxation
answered on 28-Mar-22 20:24
In case of where supply is identifiable ----- time of supply is "date of issue of voucher". Let us assume time of supply be 10th January & By 20th of February, GST has to be paid to the Government. Doubt: In this case, what if the voucher is not redeemed?
latest answer
Thank you
Girinath A
CA Inter
★ 765
5
517
Right shares renunciation
Accountancy
answered on 27-Mar-22 18:18
Can a person, in whose favour certain right shares are renounced by the existing shareholder, sell the right to someone?
latest answer
Ok
Sibi Srinivasan
CA Final
★ 22K+
5
525
Accountancy
Exams
answered on 28-Mar-22 15:56
How can we attend for 100 marks in accountancy, time constraint is a big problem. Is there any format or trick to attend for all questions
latest answer
Timed mocks. Spare 1.8 mins per marks. The best way to attempt 100 marks.
Mathew Sebastian
CA Inter
★ 8K+
2
611
Negotiable instruments act 1881
Corporate & Other Laws
answered on 08-Apr-22 15:29
Sir/madam Kindly explain the para highlighted in blue
latest answer
Thank you sir , I understood the concept.
Bliss Full
CA Inter
★ 580
6
707
General
Others
answered on 28-Mar-22 12:59
Sir can't we get solutions to illustrations and additional illustrations outside course
latest answer
Ok
Pandusml V
CA Final
★ 4K+
4
605
Accounting concept principles
Accountancy
answered on 28-Mar-22 09:37
Accounting concept priciples
latest answer
Are you asking about accounting principlesâ?¦
Anjali Yadav
CA Foundation
★ 0
4
447