Two queries for MLD debenture with 0% coupon rate
1. Is there any interest income earning on MLD debentures????
2. Tax rate of short term cap gain .
and other question is if any MLD acquired before 01.04.2023.

One of our client received an intimation from the department for the reversal & reclaim statement for the IGST balance reflecting in GSTR 2B for FY 2023-24. Client after discussion with the GST officer reversed the ITC as per intimation received from the department but while re-claiming the same in table 4D(1) added this ITC in Table No: 4A(5) - All other ITC. Now the same amount is reflecting in ITC Reversal & re-claim statement as a balance. Also what to do with the excess ITC which was claimed in Table 4A(5) ???

So what can we do in this scenario. Please guide.

In case of retirement cum addmission partnership deed, alteration - increase in capital stamp is required or any other stamp?

GSTR 3B is filed quarterly. IFF is filed every month and tax liability is paid month wise

GST liability payable is IGST Rs.3,66,012/- CGST & SGST each Rs.1,31,851/-
ITC available is IGST Rs.3,35,250/- CGST & SGST each Rs.1,062/-
Balance GST payable is IGST RS.30,762/-, CGST & SGST each Rs.1,30,789/- Total Rs.2,92,340/-
Cash Balance in ledger as on 28.02.25 is IGST Rs.83,826/- CGST & SGST each Rs.82,913/- Total Rs.2,49,652/-
Now while creating challan for payment system is not allowing excess cash balance of Rs.53,064/- (83826-30762) against CGST & SGST payable.
So against actual payable Rs.42,688/- (292340-249652) system is generating challan for Rs.95,752/-

My question is how to adjust excess in IGST of Rs.53,064/-

alcohol for human consumption is out of GST as per article 366(12A ) but alcohol given to god and Prasad is in GST? Because alcohol for human consumption is out but what about God

We are an exporter of medical products and are eligible for the duty drawback. We exported the product to our customer against an advance payment. Currently, the customer has returned the product as he is unhappy. We have to surrender the duty drawback. Please advise.

In case of CA firm demerge from other firms then functionality of upload of membership agreement is not appear. Is this functionality removed in revised guidelines? Or need to physically apply for such agreement?

Hi,

In Feb 2025. I needed additional cash to setoff IGST payment on self assessment basis quarterly return.

But in March 2025. while filing GSTR 3b it is taking full IGST (Jan+Feb+march month) to set off IGST. But in feb 2025 I paid IGST in cash to setoff IGST liability because not enough IGST credit is available. So my question is the cash deposited of IGST payment and IGST credit available i can adjust to set off IGST payment in GSTR3B March 2025 and balance IGST credit to set off CGST payment?

So For Eg: (jan+feb+march) GSTrB:

Total IGST to payable : 1000

IGST credit available: 2000

IGST paid in cash for feb 2025: 400

So in march gstrb return can i adjust it as below.

IGST to be paid: 1000 can be set off in 600 (credit available) +400 (Cash deposited) and reamning 1400 in Cgst and Sgst.

I want some CA expert to discuss for investing to get profit.

Dear Sir,

If a domestic company purchase a .Com domain from Godaddy.com LLC US.
Amount paid through Credit card of Rs. 22113/- to Godaddy

So, 15CA required or not for this transaction.