One of my customer is willing to avail a CC limit of 2.5 Crores against stocks and BD. Further he is willing to avail OD (Against FDR) of 1.00 Crore against FDRs of 1.20 Crores

Now, my question is whether the OD Limit will be treated as part of working Capital MPBF calculation for Computing CC limit, since my understanding is that the borrower will be utilizing the OD Limit for Working Cpaital Needs, however my seniors are suggesting that there is no such condition, the OD limit can be utilized for Long term use as well, since we do not state any such condition for sanctioning OD (Against FDR) Limit.

Please guide..

Hello there,

Does anyone have LLP agreement format for CA Firm?
Kindly share the same.

Regards,
Suraj

Hello All,

There is difference between Tax Liability system computed in Table No. 4 of GSTR9 (Say ₹ 100) & the tax liability amount system computed in Table9 (Say ₹ 120). When i thoroughly check the GSTR3B i found out that during a particular month, my ITC claimed is ₹ 50 Table 4A(e) - all other ITC but reversal figure shown in Table 4B under reversal others is ₹ 70 and that difference is added to the output column in GSTR3B tax liability table. This difference of ₹ 20 in ITC is actually what is added in Table 9 of GSTR9. Please tell me what should be done whether i should change the figures and show only my output liability here or should i keep it unchanged?

(Note-My reason for changing is because in GSTR9C tax liability breakup table there would remain unreconciled difference in case i decide not to change it in GSTR9 Table 9 itself.)

Thanks.

In an interview i was asked what is your role in finalization how you start your day...what should be the answer to this?

How much can I show interest

Sir, during previous year, I had received brokerages/commission exceeding Rs. 1.00 lac (against various sale of lands sale as attorney).Whether I am liable to maintain account books or may I show the same U/S.44AD ?

Contractor has paid Gratuity & EL Encashment to contractual worker (agreemental worker) after retirement and claimed the same from principal employer (here Contractee) with GST. e.g. Gratuity paid Rs. 102446.00 and EL Encash paid Rs. 28301.00 and claimed in GST Invocie Rs. 154282.00 (including GST @18%). Whether Gratuity & EL Encashment Reimbursement is leviable in GST or Not?

SHOW-CAUSE NOTICE FOR NON-PAYMENT INTEREST IS RECEIVED BY EMAIL FROM Asst. Commr. Of State Tax
TAX HAS BEEN PAID AS PER DEMAND
HOWEVER THE SHOW CAUSE NOTICE IS NOT VISIBLE IN GST PORTAL
MY QUESTION IS WHETHER DRC 03 NEEDS TO BE FILED IN THIS CASE ?
IF DRC 03 NEED NOT BE FILED THEN WHETHER ANY OTHER FORM TO BE FILED ?

how to file nil SFT return ??
if we submit "sft preliminary response" through income tax website is sufficient ??? or we need to file nil return by login through report.insight.gov.in???

Dear All,

What will be the entry for recharge of Fastag for payment of toll charges. And also what will be the entry for payment of toll charges through Fastag.


Thanking you,