iswar baruah
06 January 2022 at 12:14

GSTR 2A & 2B

Why there is a difference in the both 2A & 2B
How to resolve


sai reddy

Respected Sir,
I had filled Details of my GSTIN and annual turnover in "Schedule-GST INFORMATION REGARDING TURNOVER/GROSS RECEIPT REPORTED FOR GST" in online ITR3 form, and filed my return. But after downloading the PDF of the filed return, there is no entry in the GST schedule.

Should I file a revised return? Will I get notice for missing entry?

Thank you for your kind advice.


Sankarlal N S

Respected Sirs,

Greetings.

An assessee has dealt in share trading / Futures and options / Units whose turnover is above Rs.10 crores for the Assessment Year 2021-2022. Total Loss on account of above transactions is Rs.2.00 lacs. Other than the above, the assessee has declared an income of Rs.1.50 from other sources.

Whether the assessee is responsible for tax audit under section 44AB of the Income tax Act.

Please clarify.

With kind regards,


SUDHEEP M
06 January 2022 at 11:55

Company Incorporation with Same Room No.

Sir,

whether two company can be incorporated under the companies Act 2013, with the same room number and Address?


Dibyendu Majumder
05 January 2022 at 21:40

House Property Income of Joint Owners

Sir, My clients woned 3 house property. 1 is self occupaid & another 2 is let out, They are legally owners as per sale deed & loan agreement, but 3 house property totally funded & loan repaid by husband. The rent arise from 2 letout property is deposited to wife bank account, What is the tax treatment of profit/ loss arise from 2 letout house property & interest of SB , arise from house property income? . Is it included in Husband or wife tax computation? Please clarify.


CA Pawan Koradia
05 January 2022 at 21:24

Composite and GTA

Sir, We are engaged in a business named Roadlines and selling lignite, we are also providing transportation service. We had a separate business agreement with our client regarding lignite purchase AND transportation service. Our client pays us with a separate cheque for above mention two services. They are also maintaining two separate ledgers of the same. Our client pays us GST on lignite sales and pays GST on transportation under RCM (We had not claimed ITC on a truck, tires, etc.) So my question is whether these supplies are treated as composite supplies? Can GST officers demand GST by considering it composite supply? Further, we registered as GTA under GST, and we issue consignment notes/Bill T. Where we are consigner and our client is the consignee. Is our view is correct that we are GTA?


Suresh S. Tejwani
05 January 2022 at 17:45

Defective return 139(9) AY 20-21

my client filed return of AY 20-21 but it was defective
now he realized and inform to me
there is a refund of 80,000
is there remedy to revise or rectify return of AY 20-21 now ?


Vishal Adhana

I am doing my articleship from a CA firm in Delhi, 3.5 months of my articleship period is left, but i am facing hard time with my management and they have also abused me in front of everyone and have threaten me that they'll not give me stipend etc etc.

I really want to take transfer and want to know what can be done in this repect in the present scenario.


jamsheed

A Private Educational Society is undertaking Improvement of its Land parcel adjacent to its Institution by constructing approach road ,Boundary wall etc.It has incurred an Expenditure of roughly around 3 lakhs on each Raw material like Cement,Sand etc,
Will TDS @2% under Sec 51 of CGST Act be applicable on payments to suppliers of Raw material?


Deba Prasad Das

Hi sir. We are facing a typical case in statement received from contractor on utilisation of mobilisation advance. Client has provided interest free MA to Contractor for the costs of mobilisation of resources.
The WO was given in Sept 2019 and MA was released in stages in Oct 2019 and Aug 2020. However, the works were delayed due to COVID pandemic, plot handover by Client etc. The works commenced in Jul'20 post receipt of all clearances and contractor started receiving payment for work done through RA Bills from Nov'20 onwards.
Now, contractor was asked to submit a detailed utilisation statement of MA released by Client. In the MA utilisation statement submitted by contractor, (i) the salary of staffs during COVID (ii) a fixed amount for each month as HO overhead from Apr-20 to till date (iii) The premium paid on mobilisation BG / CAR policy etc.
Can the salary, HO overhead , premiums as claimed by Agency can be considered as a part of the MA utilisation statement?






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