A dealer of U.P. (who is a basically a service provider) and registered under section 7(2) of Central Sales Tax Act 1956, subsequently sold Used Heavy Machinery (goods in registration certificate include "Machinery, part and accessories thereof") to a registered dealer in Delhi state and obtain form "C" from purchasing dealer and consequently charge 2% CST on sale. At the time of assessment proceedings assessing officer argues that benefit of concessional rate of 2% can not be given to dealer registered under section 7(2) and registration should have been amended to section 7(1) within 30 days of transaction. Now sale of machinery shall be treated as normal sale in the state and chargeable to full rate of 14% of Tax. Whether he is right or wrong because machinery transferred is of Rs. 2 Crores and tax amount is very huge.

Input tax as per gstr 2b is greater than books, while filing gstr 3b which amount should I consider

Sir,
I want to filed it return a female person first time.
Question:
How can make maximum capital show for first time it return filer.

Some expenses were paid by the Director from his personal account. Can the Directors loan account be reduced by the salary paid to him. What will be the journal entries in this case?

Dear Sir,

We have an Intrastate sales return in Dec 2020. For entering in GSTR- 3B it is not accepting negative figures in Outward Supply.

And in further months also we won't have Intrastate Supply.

Please suggest how to rectify

Thanks in Advance

X is a partner in one Law Firm and one Accounting / Consultancy LLP.

Can X charge consultancy or professional fee from Firm?

Also Can X charge professional fee from LLP?

Pls support the answer with case law.

I cleared my final examination on November 2020. I started my article ship on 2008. So, I need not complete Advanced ITT to get membership. But I registered for advanced ITT. Three classes got completed. Is it possible to cancel? will I get any refund ? Please guide.

Dear Sir,
We are distributor. We had highered third party on our behalf for do sales promotion activities and advertisement . In return third party issue service invoice with18%gst under hsn code 998599. My question is that Can we avail the Input Tax Credit on GST which is paid to party.
And can we add it to our total purchases

Hi Team,

Please refer the link below which is a part of FAQ's issued by ICAI & which states that a CA cannot certify/True copy ITR, Please clarify whether "ITR" include Balance Sheet & P&L.

Can we certify/true copy a non-audit Balance Sheet & P&L .Also suggest whether UDIN can be generated for the same.



https://www.taxscan.in/cas-are-not-authorized-to-certify-itr-as-true-copy-icai-issues-faqs/40120/

Hi All

Can J1 and J2 be updated for FY 2014-15 to FY 2017-18-TIN for customers now in FY 20-21?

Thanks in advance.