Below of 2 Cr. turnover, GST Annual return is mandatory or no ? for F.Y.2019-2020.

as per Section 9(3) of the CGST Act, Purchases of Raw Cotton Subject to RCM.
my Doubt is Can a registered person Apply for Refund, the reason for asking this doubt is the RP paying every purchases made Raw Cotton as well other purchases which resulting into paying more GST and Out put GST tax liability was Less Compared to the ITC Available ( resulting from RCM paid and ITC Availed) this Resulting in to Blocking of working Capital in ITC Ledger ,

Is it Possible for Apply For Refund of ITC ??

Hi All,

If GST on the invoice is ineligible, whether TDS is deductible on base amount or total amount of the bill?

Thanks in advance

One of client as recieved notice for payment of service tax, but he was not registered under service tax.

So how can now I registered him for service tax and make payment of service tax.


Thanking in advance

Practical problem is Nov invoices reflected in Nov 2A but our co recorded it on 1st and 2nd Dec while actual material received.
So while claiming input in Dec 2020 the limit of 5% gets exceeded...what to do?
In short problem is input appeared in Nov but we are claiming it in Dec is there any issue?

What is depreciation rate as per co act for Plant & Machinery and for equipment used in machinery?

If trust is not registered under 12A , Whether expenses made by trust are deductible from revenue? What tax rate is applicable to such trust?

Since the marks sheet had the list of subjects on reverse of the marks sheet, can anybody help with the subjects of intermediate CA as applicable for the Nov 1988 attempt.
Thanks.

I have got credit note from Amazon and debit note from a transportation service provider.
How to reflect credit note and debit notes in GSTR 3B and GSTR 1. Also how to reflect in ITC.
Please guide, I am totally confused.

Hi,
I run an Edutech startup in India. It is a pvt ltd company. As part of our expansion, we are planning to open a FreeZone company in Dubai as a separate venture (not as a subsidiary). After the incorporation, in order to carry forward the experience and valuation of our Indian company:

1: can the new FZ LLC (Freezone company) acquire the Indian company so that the Indian company becomes a wholly-owned subsidiary of the Dubai company?

2: Is this strategy logical?

3: Are there any repercussions to it?

4: Would there be any tax issues?

5: What are the compliances that need to be taken care of?

6: Would it be a problem if the directors and shareholders of both the companies are the same (my co-founder and me - we do not have any outside investors yet)

Thanks a lot in advance.