Dear All
In what situation GST RCM rule is applicable in case of GST registered party for following type of payments ?

(1) Commission claimed by unregister person or Pvt Ltd company
(2) Professional Fees claimed by unregister person or Pvt Ltd company

In above cases TDS rule applicable ?

Regards

S Mallick

I have taken transfer from my ca firm for ca industrial training but due to some reason I couldn’t join that company and my 104form is also not submitted
So can i join back my old ca firm again for the remaining period

Product name :
Unmanufactured tobacco with brand name.
HSN 24011090
IS IT TRUE prevailing structure as below:
CGST 14%
SGST 14%
Plus compensation cess @36% on MRP valuation.
Mahesh Tobacco company

I have received demand from income tax department due to one challan as overbooked.
There were total three challans in the return. Out of which two are matched and consumed and one is mentioned as overbooked. However I have entered all the details of the challan correctly. Can someone please guide how to deal with this demand

An individual & his spouse purchased a flat in joint names while they were employed and were resident in India. Thereafter they both went abroad and become subsequently NRIs. But flat in India is still lying closed and is not rented out and is in self possession only and they are not earning any rent etc as it is not let out . There is no loan and no interest liability . Hence following queries:-

1. Are they still required to fill schedule of " Income from House property " in their respective ITRs when income of house property is NIL. OR they are really not required to fill schedule at all , as there is only one property and is in self possession only. ?

2 Are both of them required to show same flat in their individual returns ( as there is only one flat ). as the flat is in their joint names as " co-owners " ,??

3. Is it compulsory to fill schedule of " Income of house property " even if there is one property and that too in self possession and with "NIL" income therefrom.???

4 Will there be any issue foreseen when they will sell this flat some time in future but are not filling schedule of " Income from House Property" of present years when they are still owners.????

Pls guide on above four points assuming that there is no loan interest to be paid .

As per Sec 44AB, limit of 1 crore has increased to 10 crores if cash receipts/ payments do not exceed 5% of turnover. Does this apply to a Partnership Firm ?
Suppose a partnership firm is having a turnover of 5 crores and cash receipts/ payments are below 5% of turnover. Thus, this partnership firm will not be liable to Tax Audit for AY 24-25, correct ?

How to best handle after receiving 143(2) in case of excess deductions claimed to avoid penalty. Please let me know. Thanks.

Do I need to submit an affidavit accepting the error..

Sir.
While checking 26As ,TIS,AIS etc there is different in GST and our accounts.
If there is any change to add missing amount in GST.
Let's me know any other suitable options.
Please advise.
With regards
BINU

Dear Experts,
1 A company is purchasing the goods from it suppliers,who is GST registered person.
2 The supplier is supplying the goods to the company, which falls under GST rate of 18%
3 The supplier is raising the separate invoices for freight charges,which is paid by the supplier.
4 The supplier does not know the freight amount at the time of raising the invoice for the goods supplieed to the company.
5 The supplier's responsibility is to deliver the goods at the Company end.
6 So the supplier raised the ivnoice for the freight charges separately.
9 Now the query is :
What will be the GST rate for the freight charges for which the separate invoice raised either 5% ,12 % or 18%
10 Pls confirm

My proprietorship firm doesn't exceed 10 cr annual turnover and my cash transactions are under 5%. Do I need to hire a CA or can I file my own income tax returns?