I have a flat which is jointly owned by me and my wife. If I sell the flat and transfer the amount to the account of my parents who have now no source of income so that I can reduce my tax liability is it allowed legally.They had provided us with initial capital required for buying the flat but I have been paying the EMI for 10 years. the l balance loan amount will be prepayed and the loan closed.The flat was bought for 60 lakh in year 2009 and selling price of flat is 1.15 crore 2022.

Ca a practicing CA can sign the Provisional Balance Sheet, if No, Why?

I have received the following mail from the department

Dear Taxpayer,

It has been noticed that while filing GSTR-4 of the FY 2019-20, you have inadvertently either
not filled up table 6 of the said return, or filled up zero values therein, even though you have paid the liabilities for the year through Form GST CMP-08s filed on quarterly basis. Therefore, to nullify the undue credit, the excess amount credited to negative liability statement has to be debited. In case where the amount so credited in negative liability statement, has been utilised; the recovery of amount so utilised is being done by debiting the amount in cash ledger. If sufficient balance is not available in cash ledger, the negative balance in cash ledger shall be adjusted out of the amount deposited through challan.

You are, therefore, requested to:

Deposit the amount equal to the negative balance in cash ledger urgently, in case there is a negative balance.
In case you have already paid the amount, now being debited in cash ledger or negative liability statement by including the same in any return/statement, the same can be claimed as refund by filing refund application in Form GST RFD-01.
Inconvenience caused is regretted.


THE SITUATION WAS

I am having -5207 each in sgst and cgst in my electronic cash ledger now
i made the mistake in GSTR-4 of FY 19-20, they said u have no tax due and returned the amount, which i didnt utilised
during first quareter of FY 2021-22, my sale was of 1,00,000, tax due was 500 each for SGST and CGST, but i declared that tax due is 500+5207 = 5507 each for sgst and cgst.

now cash ledger showing negative balance, please help what to do
thanks

The assessee received an assessment order from National Faceless Assessment Centre which is digitally signed by an officer named Shri Vishesh Prakash on 03.30.2022 i.e. 30th March 2022. Clicking on the digital signature, the certificate details shows valid from 01/10/2020 Valid to 02/09/2022 which makes it clear that the Digital Signature was expired on 9th February 2022.

Please advise upon validity of the assessment order signed with expired digital signature

One of my clients is operating online Health care Service, where we Acts as platform between patients and Nurses.
Structure of Operations:
Patient Books a Service through our Application, to which Nurse in Nearby Area Accept request and Render them Service visiting Patient's Home.

Here Nursing Staff are not our Employees, they just Accept offer from Patient if they are interested to Perform service.
Qualification of Nursing Staff : 10th pass/ fail to MSC Nursing.

Considering Above facts, Should we Make TDS u/s 194J ( Medical Professionals).

Please Provide me Alternatives Available for not make TDS @10%.

Can i go for AAR, i am i Eligible for that ? ours is a Startup company not started operations widely yet.

Hi All

I am constructing a building on a plot of land owned by me. Total number of flats will be 14 and out of that I will sell 8 flats and will keep 6 flats for myself.

For construction, I will appoint a contractor.

What will be the implication of GST on 6 flats kept by me for myself?

Thanks in advance.

Sir;
Last date for payment of tax under VSV scheme was 31st oct 21??? Or it is extended??? Can we make the payment now & file Form 4 ????

Due to non submission of information of outward supplies in Table 6 of GSTR 4 for FY.2020-21, we had negative liability. But we have not utilised the negative liability but discharged the tax through DRC-03 on quarterly basis. Since, we have filed the return ever quarter, the negative liability is automatically adjusted and the same is reappearing as negative cash in the e-cash ledger when GSTR 4 for the year 2021-22 is uploaded. Kindly provide any solution to this please.

A car purchase and resale to emplyee at the time of his retirement at cost below its book value as per the Balance sheet after giving effect to holding period deprectiation.
So whether GST has to be charge on the sale value on not ?
As the sale value is lower than its current book value
E.g purchase cost 50lakh
Deprecition 20lakh
Book value 30lakh
Resale value 28lakh

Sir gramin area ka trade licence kaise bane ga or kaha se banega apply kaha karna hai