We have filed the Refund on Exports without payment of IGST. The proper officer issued deficiency memo for other reasons only, even the all annexures uploaded as per the rules and also calculated the refund on FOB value of exports as per GSTR-2A available credits only. Hence, any notification/circular is available in this regard to reply to the officer. Kindly clarify
SR

Dear experts,

Our Firm is required to issue E-invoice for B2B transactions because our turnover is more than 100 crore.

However, we are only issuing tax invoices for B2C transactions from tally without any dynamic QR code.

Whether we are required to generate dynamic QR codes on B2C invoices?

We had deposited all the returns of 17-18 & 18-19 in 19-20 with interest and penalty. Penalties for late deposit of 3B were waived off later on. can we apply for refund of those penalties now and how.
Kindly guide

Dear Sir,

We have manufacturing related to metal products (Single raw material ) and metal prices regularly up and down.
we generally valuation of our inventory on last month average price of our raw material.

We have a order of export @ 700 per kg , this material billed to customer on 700 per kg but due to unavoidable circumstances export order postponed to after 1 months in apr -22.

hence my inventory level up by this order and my last month average rate of raw material is 800/-
total inventory we have 50 M.Ton out of this 15 M.T stock related to export order.

so kindly guide us can we valuation of my export order stock on 700 per kg and for remaining stock on 800/- per kg

because if we are not doing this my profits will go very high.

kindly guide us thanking you .

Sir,

we have enable envoice wef 1st april 2022, we are merchant Exporters we prepare export invoice with out payment of Tax , we are expecting less than 10 crores turnover next fy.

We are having tally erp but I want to use GEPP Tool to prepare Einvoice.

Can we use this tool for envoice or not.

Please guide

Hi..

I would like to import liquor / wines from Australia to India and would like to know the process / procedures to register firm specially in Delhi / Mumbai metro.

I need step by step guidance and expenses details if someone in the group can help me.

CA Final - virtual dedicated coach required - ready to provide training in flexible hours for a candidate

section 11(1) states 15% of income. income means receipts or net after dedction of application of receipts?
i feel, income means after exps not after application.
for example which is correct ?
rs. 100 gross receipts,
rs. 15 exempted
rs. 85
less rs.60 spent
so rs. 25 is taxable
OR IS IT BELOW?:-
100 Rs. received, 60Rs. spent, so 40 and reduce 15% of 40 = 12- 28 is taxable?
IS 25 TAXABLEOR RS.28 TAXABLE ABOVE>?
I FEEL 25 IS TAXABLE.

u/s 194Q if we are paying supplier after deducting discount for timely payment then TDS is to be deducted on gross amount or net amount i.e after discount?

Sir I have paid PTRC for Mar 2022 . Also Filed return for same but when I submited my Form III b there I saw I did not filled details of payment and it shows that there is amount payable of my PTRC please help me fix my mistake.