GTA receiving services from another GTA apart from giving vehilcles on hire:

Project :
1.Customer will approach GTA1 to deliver some goods from one place to another
2.GTA 1 will accept the project

Service by GTA2 to GTA 1 :
3.GTA1 will approach GTA2 and will ask them to deliver goods to desired destination
4.GTA2 will rise invoice on GTA1 based on RCM and will ask GTA1 to pay GST on RCM basis
5.GTA1 will pay GST on RCM basis

Service by GTA1 to customer :
6.GTA1 will raise invoice on RCM basis on customer
7.Customer will pay GST on RCM basis

Is what GTA 1doing is correct i.e
GTA 1 is liable to pay RCM ?(or) GTA 2 to GTA 1 transaction is exempt?
if exempt please provide specific notification

Whether For tax free bonds , The interest is tax free U /s. 10(15) OF I.T ACT....

In what proportion CCPS should be allotted to existing shareholder? Is there any special restriction in such proportionate allotment? Can I Issue to few share holders alone? Kindly clarify.

Respected Sir
please clarify
1.Can a practicing CA apply for LEI code on behalf of clients ?
2.If so what is the procedure
Thanks in advance

Dear Experts,

We have received a notice due to clerical error - In 3CD we have mentioned the GST late fee and interest payment disallowance under clause Expenditure by way of penalty or fine for violation of any law, but in ITR we disallowed it under 40 section.

So now we received a notice saying that there is an inconsistency in expenditure shown in 3cd and ITR, saying we have amount entered in Expenditure by way of penalty or fine for violation of any law but it is not disallowed in ITR.

What should be better to do now? Can we just give a response that its clerical mistake

1.We are exporting services to U.S and raising the invoice in usd...kindly tell from where to take foreign exchange rate in case of export of service.

2. We are importing services from European country. Recieving invoice in Euros. Kindly tell from which site or place to see forex. Inr

Hi, We are a Trust running School, we not have GST i want to know how i verify that our vendor paid B2C Invoice GST amount to Govt.
I GOT ANSWER:=
You can't verify it. Only GST official can verify it based on the record. Check it's a tax invoice having serial number and GST registration number.

the vendor given any proof that he paid gst amt ?

An assesee having business income filed Income tax Return Opting new sec.115 BAC of Income Tax act, 1961 for the F.Y.2020-2021. But in F.Y.2021-2022 Income tax return was not filled with in the due date for the same assessee but filed after due date. In this case can we opt New sec.115 BAC or opt out from new sec.115BAC. In summary, in one F.Y.2020-2021 filed income tax return by opting new sec.115BAC with in the due date after next F.Y.2021-2022 return filed after due date. In this case new sec.115BAC can opt or not. Thanks in Advance.

Dear Sir/Mam,

I have salary greater than 5 lakhs rupees per year and apart from this salary I am earning 20000 rupees per year by Google admob which is paid by Google through wire transfer in USD and I earn around 10000 rupees per year by in-app purchases which is paid by Google by bank transfer in INR after deducting TDS. Now I am having very difficult time understanding how to fill tax return and what to do. The extra earning is not that big but still I do this as part time activity, I do not want to take any risk please help, any help is appreciated.

personal expenses and withdrawal by HUF routed through drawing while making journal entry.