Hello Experts,

I have some questions regarding the reversal of ITC.
I have and Invoice of which is issued in the in the month of April-21. I have Availed the ITC of the Invoice. When should i reverse the ITC under following Circumstances.

1) Invoice of April-21 itc availed in the April-21 Month return, Payment made in Dec-21.
2) Invoice of April-21 Itc Availed in the Jan-22 month Return. Payment made in Jan-22
3) Invoice of April-21 ITC availed in Aug-22 month. Payment made in Aug-22 but under retention clause 10% payment made in the Jan-22.
4) Invoice of April-22 ITC is not availed but payment not made till 18-Feb-22.

Kindly Help as what amount to reverse, when to reverse and how much interset is to be paid and also how the interest is calculate in all the cases.

Thanks in Advance.

Respected Sir , my question is that when NPO receives fund for creating assets then when asset is created equal amount is transferred to capital reserve but why it is not income for NPO as it is getting asset free of cost ?

One of our Clint has delivered the ordered material on 29.11.2021 and now he has raised the Tax Invoice with invoice Date 01.03.2022.
is there any GST issues will arise if we process the payment?
Kindly advise

How to raise eway bill for donation of goods to hospitals as CSR ? I understand transaction type shall be others. But shall we need to put document number also?

Section 148A provides that the assessing officer has to give time of not less than 7 days but not more than 30 days to the assessee for furnishing his explanation. A notice has been issued on 17.03.2022 and served on the same day via email to the assessee asking to submit his explanation by 23.03.2022. Please let me know whether both days are to be included while computing 7 days ? Whether the time of 7 days is given in the given days. Thanks

Hello All
I want your valuable advise.
My father want to gift one of his mutual fund . Can he do it?
If yes then how it is taxed in both hands. Pl explain pl.
Regards

Dear Friends

My kindest regards to all of you.

I would like to know whether any software for making GST Refund Application is available in the open market through we should be able to make the application for GST Refund easily.

PLEASE GUIDE ME AND OBLIGE.

HI,
I have job offer of a Relation ship manager for Business Banking and Working Capital in Mumbai Region. As i have been told it would consist of 20-30% analytical job and rest maintaining relations with clients.
I would like to know the long term prospects of this opportunity.

Thanks in Advance.

Sir,
1.cash deposit and withdrawal transaction limit in bank sb and current bank account one financial year
2.cash deposit and withdrawal transferred transaction through on google pay and phone pay and paytam modes limit for one financial year.
Question:
1.above mentioned cash deposit and withdrawal limit for gst registered and it returns filed person for one finical year.
2.above mentioned cash deposit and withdrawal limit for gst non registered and non it returns filed person one financial year.

In the case of 2 buyers and 1 seller, should the value of consideration be filled in a proportionate share in the 26QB form? If the full value of consideration is filled in both the forms, the value in 26AS shows double the price totally on the same transaction.