One of our dealers received a Show Cause Notice (SCN) for excess Input Tax Credit (ITC) availed for the year 2019-20. The notice states that the ITC as per GSTR-2A is reduced by the ineligible ITC according to Section 16(4), mentioning that the supplier filed GSTR-1 after the cutoff date of 22-10-2020. The remaining ITC was then compared with the ITC availed as per GSTR-3B, resulting in the determination of excess ITC.

When we contacted the supplier who filed late, we learned that they had submitted their GSTR-3B return on time but filed GSTR-1 on 18-02-2021, after the cutoff date. Given that the supplier paid the tax and set off liabilities in GSTR-3B on time, and We filed GSTR-9 and GSTR-9C on 27-02-2021.
Can we claim the ITC in this scenario?
Any ruling or judgment available to support our claim?

I stay in a house which is an ancestorial property of a lady. The house is on the name of her mother in-law (who is no more) and her husband is also no more. So technically no one ask the property ownership of the house you are taking on rent. So in this situation if I am staying on rent on that property whose PAN Card and paying rent to the lady, then whose PAN Card would be given for HRA Exception.

Suppose I have received a service worth ₹250,000 from a firm which is subject to TDS. Later, they issued a credit note for ₹150,000, but I have already paid the TDS amount. What should I do next?

Is it Compulsory for filing GSTR-7 Nil Return and what are the late fees after due date.

Dear sir one of gstn has been cancelled on june 2023 under suo moto cancellation procedure due to non filling, Now i am going to revoke it ,it shows that you have crossed 270 days so u cannot get revoke ,,what can i do can i go for aapeal or not?

Query:
One of my client has taken a mortgage loan against his property of Rs 1 crore for purchasing other property so my question is as now after taking loan he has decided to not invest in property and he wants to invest in mutual fund.

So my query is can he do so

Sir/Madam

In my case company deduct tds on salary on Rs. 4,50,000/- due to my pan card is in operative then after i linked my aadhar card with pan card. Can i will get tds deducted as refund after submitting my tax return for the fy-2023-24??

please suggest to me best idea so i can get refund fully.

thanks.

A Partnership Firm has claimed deduction u/s 80-IBA in Year 1 and has accordingly paid Alternate Minimum Tax @ 18.5% amounting to Rs. 3.5 Lakhs. Accordingly Rs. 3.5 Lakhs is the AMT Credit carried forward by the Firm.

In year 2, there are no deductions to be claimed. Firm had a normal business income of say 10 Lakhs on which Tax is payable Rs 3 Lakhs.

Can the Partnership Firm utilize entire AMT Credit b/f (i.e. 3.5 Lakhs) against tax liability of 3 Lakhs in Year 2 and pay 0 tax in Year 2 OR is the Firm required to pay AMT (i.e. 18.5% on 10 Lakhs) in year 2 also?

Sir,

Can you guide me that suppose my pan card is in operative and my salary is more than 3 lacs then company can deducted tds on Salary @ 20% or not to deduct tds??

If company not deduct tds on my salary and my pan card is in operative and i also not file i. tax return then i. tax department can take against on me??

Hello could anyone please help me with the below query?

We collaborated with a subcontractor for a job, and on their behalf, we directly paid wages to their workers. Now, in light of this advance payment, we're considering issuing a debit note to the subcontractor. They will eventually invoice us for the full job work including GST. As of now, they've only invoiced us partially, with the rest to follow upon completion of the job. When preparing the debit note, should we include GST or not?