I purchased a used vehicle for rs.1,00000 under the marginal scheme and sold it b2b rs.1,10000 how should I report this in GSTR1 and 3B?

Dear Sir,

Please, let me know what is the Implication in Accounting entries to be done in case of Import of Software Service Imported.
Let me know how can account it & What Compliances required to Fulfil.

Thanks

Dear ICAI NRI Helpdesk Team,

I’m seeking your guidance on the correct FEMA and tax requirements for a three‑step transaction involving a domestic gift, an NRO → NRE transfer, and a subsequent overseas remittance.

Scenario:
My father has transferred his own tax‑paid personal savings to my NRO account as a domestic gift. I plan to move these funds from NRO → NRE (internal reclassification within India), and later remit the funds from NRE → USA/Canada to my overseas bank account.

Since each stage falls under a different FEMA category, I want to confirm the correct documentation and compliance requirements for all three steps.

Step 1 — Father → Child’s NRO (Domestic Gift Transfer)

1) Could you please confirm what documentation is required at this stage? Do we need any kind of documents at this stage?
2) My understanding is that a simple Gift Deed and bank transfer proof are sufficient.

3) Is there anything else required?



Step 2 — NRO → NRE (Internal Reclassification)

1) Could you please confirm what documentation is required at this stage? Do we need any kind of documents at this stage?
2) My current understanding is:
NRO → NRE Transfer Form

Form 145

Gift Deed

Account verification (cheque leaf/screenshot)

I also request clarification on the following points:

Whether a CA certificate (Form 15CB/15CA/146) is required when the source of funds is a domestic gift from a parent.

Whether TCS applies to an NRO → NRE transfer, considering that TCS is generally applicable only to outward foreign remittances under LRS.


Step 3 — NRE → USA/Canada (Outward Remittance)
For the final outward remittance, could you confirm whether the following documents are sufficient? Do we need any kind of documents at this stage?
Form A2

Purpose code

Passport

PAN

NRE bank statement

Gift Deed (for source‑of‑funds clarity)

If any additional documentation is required at this stage, please advise.

Your guidance will help ensure that I follow FEMA and Income‑tax rules correctly at each step.

Thank you,

Kapil Gupta.

We have a proprietorship firm and rented to KFSCSC for Storage of Raagi. We make Rental Invoice with GST 18%. Now KFCSC wants to claim exemption under GST. Whether it is applicable or not?

First, I raised invoices in Tally. Later, due to some reason, I deleted the invoices, e-way bills, and e-invoices from Tally. However, they were not deleted from the GST portal, where they are currently showing as valid invoices from the e-invoice source in the B2B section. What should I do? Should I issue a credit note by re-entering the deleted invoices, or can I remove them from the GSTR-1 report?

Dear Sir
Let me Know what is Purchase Entry Passed in Books of Account.

Thanks

I have undisclosed account in ICBC bank China with around 21960 CNY since 2018 and currently it could be dormant. It was opened anticipating some potential business but not materialized due to COVID etc. However, now received SMS from IT system to utilize FAST DS26 scheme till Dec26. I have checked in compliance portal and see the account reflecting with balance of 21850 CNY and interest of around 110CNY for CY 2022 & 2023 ie total of around Rs 314,500. I have accepted the amounts in compliance portal. Now my query is should I utilize the FAST DS26 and pay Rs 189000 ie 60% of total balance as tax or will the Rs 20 lakh immunity protect me from 120% levy if I dont avail the scheme. I will have to consider the entire amount as income as the current account is dormant, i dont have any bank statements as of now and will not be able to show source etc as is very old and not sure if ICBC will share statements without reactivation of account etc. The deposits was by way of sale of samples I was carrying during that time. I have been resident all through. Please advise.

Dear Experts
I had salary and business income in FY 2023-24, so I filed ITR4 and submitted form 10IEA for opting old regime .
In FY 2024-25, I had only salary income. So I opted new regime without submitting form 10IEA.
In FY 2025-26, I had salary and business income again. So I filed ITR4 continuing new regime as I opted it last year. But income tax department now seeking a clarification for not submitting form 10IEA again this year. They are saying that this year income will be treated as per old regime since business income is there.
I am hopefully looking for your kind advice about how to respond to this query.

sir,
i have sold goods but invoice not issued because our accountant was absent gst officer visited and impose tax and penalty and same has been paid through drc-03 before scn.how to show this is books of account.should i issue invoice for the goods sold?please clear this puzzle

1) prepared an Excel bank entries template
2) created all required ledger accounts in Tally
3) created Tally mapping template in Tally
4) imported all bank entries into Tally successfully
5) when Alt+R is pressed unreconciled bank entries should be seen. but they are not seen.
6) therefore, manual bank reconciliation cannot be done
7) Tally shows them a "Available only in books"

Kindly suggest a solution to this issue. Thanks!