Small Company Definition
Old - Paid up Capital should not exceed 50 Lakhs & Turnover should not exceed 2 Crores
New Amendment - Paid up Capital should not exceed 2 Crores & Turnover should not exceed 20 Crores

A Private Limited Company being Small Company as per new amendment as stated above but complies with one of the criteria (Loan exceeds the limit) mentioned in CARO 2020 applicability.

Shall CARO will be applicable to the Company as Small Companies are exempt from the CARO applicability as per Section 143(11) of Companies Act ?

Can a newly formed Private Limited Company issue shares to outsiders? Please state the process and compliances to be followed?

Dear Experts,
How to calculate GST for below mentioned Transactions:

Sale of Flats Rs. 2,50,00,000/- including GST@5% (Builders Share)

1)Purchase with GST : Rs.65,00,000/-
2)Purchases without GST : Rs. 85,00,000/-
Rs. 35,00,000/- @ 5%
Rs. 50,00,000/- @ 18%
3) Labour Payment : 35,00,000/-
3) Indirect Expenses without GST : Rs.15,00,000/-

Land : 50% land owner (JD) plus 50 Own Land (4800+4800 Sqft)

Kindly suggest how to calculate GST?

Ge sir, we filed the gstr 1 with out showing cess amount in invoices after that i amended the invoices with cess but some invoices nos wrongly given, means " X " party original INV NO. is 2 but in amendment i gave to "x" party invoice no. was 3 ,, invoice nos are jumbled , amendment can do one time only ,2nd time amendment is not possible sir, how can i rectify the above problem sir, kindly give your valuable solution for the same , thanking you,

Hello,

Greetings for the day

We have to pay bonus of our contractual workmen (Workers on contract basis working under contractor's payroll) who are paid on monthly basis but as per present days in a month.

Out of 365 days in a year there are mandatory holidays also like 26th Jan., 15th Aug., 1st May., Holi, Diwali etc (excluding 52 weekly offs).

SO my query is is there any maximum days limit for calculation of bonus payable ..?

Your expertise will help me for calculation the bonus sheet.

Thanks in advance.

You can reach me at : ashokmore582@yahoo.com

Having sold my flat I have to pay 1 pct brokerage to my broker.
Do I have to deduct tax on this brokerage before issuing her a cheque or can I pay the whole amount to her?
She has said that all taxes and charges will be paid to the Govt by her firm.

Sir,
A registered gst dealer itc details mentioned below
July -22:
Itc claim as per gstr2b cgst rs:24,239/- sgst rs:24,239/-
Itc claim as per books cgst rs:26,567/- sgst rs:26,567/-
August -22
Itc claim as per gstr2b cgst rs:12,897/- sgst rs:12,897/-
Itc claim as per books cgst rs:10,237/- sgst rs:10,237/-
Question:
1.Dealer itc excess and short fall adjustment compulsory every month
2.dealer itc claim as per gstr2b only.

After removal of the authorized banks from NSDL we are not able to download the TDS challan (CSI) file through NSDL OLTAS challan enquiry status for the months of July 2022 to September 2022 (TDS 2nd quarter). If it is the case, Please provide a solution to download challan CSI file as I have contacted the Income tax department, as per them challan csi files cannot be downloaded through the income tax site only challan pdf files are available on income tax portal.
Need it very urgently as the due date of filing TDS returns is on 31st October 2022.

Dear sir,
Please advice whether GST is chargeable on parcel charges in bill in case of café or small restaurant. And also Please mention the bill format for food item value: 250 & parcel charges of Rs. 10/- and GST rate of 5%.

Thanks for the answer in advance.

Is loan from share holders is exempted deposit or deposit to be shown under return on deposit option while filing DPT3