Displaying all posts within 1 days
Posted On : 17 February 2026
In Reply To :
GST REFUND WHEN SALES MADE AT CONCESSIONAL RATE
Suppliers to merchant exporters qualify for refunds under Section 54(3) of the CGST Act due to accumulated ITC from higher input rates versus the low output tax.This is supported by CBIC Circular No. 37/11/2018-GST, confirming eligibility for inverted tax structure refunds.
Conditions include the merchant exporter exporting within 90 days and providing proof like shipping bill with your GSTIN.
Posted On : 17 February 2026
In Reply To :
GST REFUND WHEN SALES MADE AT CONCESSIONAL RATE
Yes, you can claim a refund of the unutilized input tax credit (ITC) on GST paid at 12% and 18% when supplying goods to a merchant exporter at the concessional 0.10% IGST rate, as this creates an inverted duty structure.
Posted On : 17 February 2026
In Reply To :
Section for tax audit
Once you have submitted audit report u/s. 44AB(e); it implies you have accepted the liabilities as per sub-sec 44AD(5) IT act. It suggests that you are liable to carry out the audit under the section for next five years if the minimum profits are not declared as specified in these years. So, carry out audit u/s. 44AB(e) this year also as there is loss declaration.
Posted On : 17 February 2026
In Reply To :
INTIMATIONU/S/ 143 (1) ERRO RETIFICATIO
SIRI TRY FOR FILE RECTIFICATION U/S 154 IN IT SIT , IN 3RD POINT DROP DISPLAY FOR TOLL FREE PHONE NUMBER.
Posted On : 17 February 2026
GST REFUND WHEN SALES MADE AT CONCESSIONAL RATE
I have supplied goods to merchant exporter by charging GST at the rate of 0.10% while I have procured material by paying GST at full rate 12% and 18%, whether I can claim GST refund of GST credit ?
Posted On : 17 February 2026
In Reply To :
Section for tax audit
sir, noted, wrongly entered sir, sales only four laks , bank interest Rs 70 laks , loss from business 20 laks since not declared 6% , we adopted this 44AB(e) kinldy advise us, thanks for meaaage
Posted On : 17 February 2026
In Reply To :
Section for tax audit
If not opted for presumptive assessment in any preceding years why was audit conducted u/s. 44AB(e) for last year?
Posted On : 17 February 2026
In Reply To :
Section for tax audit
dear sirthanks sir, Not adopted , please inform tax audit section and advise us
Posted On : 17 February 2026
In Reply To :
Section for tax audit
Whether you had opted for sec. 44AD in any of preceding FIVE years?
Posted On : 17 February 2026
In Reply To :
Helping with Application Forms
Thanks for information.
Posted On : 17 February 2026
In Reply To :
Previous Gst Registration Closed and New Registration with Same pan can we take
Yes, tax officer may ask you to comply the pending formalities and/or demand pending dues.
Posted On : 17 February 2026
Helping with Application Forms
This topic is devoted to helping anyone who require help filling out application forms. In order to make sure their applications are correct, professional, and ready for submission, members can exchange advice, ask questions, and receive step-by-step instructions for jobs, university admissions, visas, and grants. Discuss your experiences, get answers to your questions, and pick up best practices from a community dedicated to streamlining and improving application processes.Visit here: https://www.cvireland.com/job-application-form
Posted On : 17 February 2026
In Reply To :
Previous Gst Registration Closed and New Registration with Same pan can we take
sir,Thank you sir for your reply earlier registration 2023 cancelled on suo motto
is any problem to apply for new registration.
Thanking you,
Posted On : 17 February 2026
In Reply To :
USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
To decide the useful life of your used commercial vehicles, start with the statutory 8-year limit and subtract the vehicle's current age. However, you must adjust this based on a technical valuation and regional environmental laws (like the 10/15-year scrappage rules).The useful life of a used commercial vehicle is the remaining portion of its total expected life (usually capped at 8 years for accounting), adjusted for its physical condition, past usage, and legal restrictions like the Scrappage Policy.
Posted On : 17 February 2026
In Reply To :
GST TDS applicability
Since you are a Government company procuring Group policies from a private insurer, you must deduct 2% GST TDS from the premium payment, provided the total premium amount (before taxes) for that specific contract is more than ₹2,50,000. You must then remit this to the government and file Form GSTR-7.- Section for tax audit
- Previous Gst Registration Closed and New Registration with Same pan can we take
- GST TDS applicability
- INTIMATIONU/S/ 143 (1) ERRO RETIFICATIO
- Surcharge on TDS on sale of property
- How to show in itr 3
- GST REFUND WHEN SALES MADE AT CONCESSIONAL RATE
- GST QUERY RELATED TO REFUND APPLICATION
- E- invoice-2
- Sec 393(1) SI.No.2 of Income Tax Act 2025
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
- Clarification Required on GST Rate & HSN Classification – Millet-Based Probiotic Drink
- TDS Return filing if only have 15G /15H deductions and no other payments
- 80G deduction eligibility
- GST on Tobacco - as per new notification
- Cant amend a 26QB
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
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