A OPC was incorporated on 29/10/2020 by paid up capital of Rs 100,000/- & only Rs 30,000 deposited in Bank A/c of company & since then company has not started the business. Now we want to strike off the name of Company.
Queries:-
1) Is it mandatory to deposit remaining Rs 70,000/- in bank A/c before filing INC-20A or simply a declaration for not starting business will be sufficient as attachment to INC-20A.
2) Do we also require to File ITR for the F.Y 20-21.

Please guide.

in addition to section 17(5) ,
List of Disallowed input of GST.

Sir,

I have purchase used motor vehicle from an unregistered person for an amount of Rs. 30 Lakh through a sale agreement constituted in a stamp paper. what was the implications in respect of the above transaction?. Purchase of motor vehicle in excess of Rs. 10 lakh will attract TCS provision. Whether such provision attracts here?. Whether any GST impact on the said transaction as the seller was an unregistered person and RCM other than notified cases not prevailing as if now.

Dear Sir/Madam

I have a client who has wrongly paid tax on sales wrongly in excess (duplicated bills , took the particular invoice in B2B and B2 C) for the year 31.3.2020, They have not filed GST Annual Return for Y E 31.3.2020, Is there any way by which they can claim the refund by filing annual return.Is there ant time limit for this

Thanks & Regards

Jayam

whaether GST input can be claimed for factory building also.

One of my clients gets Rs. 123000/- as medical reimbursement i.e. one month of his basic pay in a year. Is it fully taxable under the head of perquisites? If it is not taxable - under what head it is not taxable. Kindly let me know your opinion. He is a salaried employee. Regards, TARAK KUMAR ROY, 150/1/1, Banerjee Para Road, P.O. Naihati-743165, west Bengal

in brief reply ,
what is withholding Tax.

Respected sir,
In following cases, on which amount interest will be calculated :
Case No 1) Months - Jan 2022 : GST Liability Rs 10000 , ITC Credit Rs 6000 Bal Tax Payable Rs 4000. In this case Due date of tax payment is 20.02.2022 ( GSTR 3B) . But I have submitted such return on 25.02.2022. Then on which amount interest will be calculated ? means Rs 10000 or Rs 4000

Case No 2 ) Months - Dec 2021 : I have submitted Nil Return ( No Purchases No Sales ) on or before 20.01.2022. But now I have to add some sales bill & ITC Credit for Dec 2021 . So at the time of submission of Jan 2022 GST Return , I am going to add renaming sales bills & ITC credit ( For Dec 2021 GST Liability Rs 10000 , ITC Credit Rs 6000 Bal Tax Payable Rs 4000 ) Then on which amount interest will be calculated ? means Rs 10000 or Rs 4000

Case No 3 ) Months - Dec 2021 : I have submitted Return ( with GST Liability Rs 20000 , ITC Credit Rs 35000 Bal ITC Rs 15000.
But now I have to add some sales bill & ITC Credit for Dec 2021 . So at the time of submission of Jan 2022 GST Return , I am going to add renaming sales bills & ITC credit ( new addition amt only For Dec 2021 GST Liability Rs 30000 , ITC Credit Rs 10000 Bal Tax Payable Rs 5000 ( after considering bal ITC) ) Then on which amount interest will be calculated ? means Rs 30000 or Rs 20000 or 15000 or 5000

sir please guide

A son has received father's business by way of inheritance which has unabsorbed depreciation. Whether the son can set-off the unabsorbed depreciation against the income derived from the inherited business?

Sir,
It assessee purchase of medical equipment value rs:1,50,000/- payment through on cash mode rs:10,000/- per day *15 different dates amount paid in f.y.21-22
Question:
Assessess purchase of equipment value depreciation claim allowed in it act.