1. Demand raised by the Assessing Officer was appealed.
2. Subsequently, assessee paid the said demand amount as per Vivad se vishwas scheme 2024 by withdrawing appeal.
3. In such a case, whether PCIT can enhance the demand of tax with plea that there is a wrong calculation in Assessment order passed by Assessing Officer which was appealed and withdrawn and paid the tax in the scheme Vivd se vishwas scheme?

IF A CA PARTNER RETIRE FROM CA FIRM THEN WHAT IS CONSEQUENCES OF SAME? IS THERE ANY IMPACT ON RETIRE PARTNER'S INDIVIDUAL FIRM OR THEIR MEMBERSHIP?

Huge expenditure spent on advertisement for opening a new branch, can it be shown as deferred revenue expenditure, as the benefit of spending will be spread over years?

Can Private Limited company claim ITC of Insurance on Capital Electronic Goods..?

Is there any issue if we do not book interest and salary for working partners to adjust the profit? This year, we are in a loss and do not want to book interest and/or salary for partners.

Is it allowed?
Are there any formalities to follow for the same?

I am a cable tv operator my turnover is under 20 lakh limit so I am needed to continue my gst or can I cancel my gst registration or is it mandatory for service provider.I do not want any input tax credit.

R/sir

We have reversed ITC in 3B under table 4 b(2) the in FY 2023-24 and issued a debit note to supplier and they issued the credit note in March-2025 ( FY 2024-25) and upload the GST Portal. and balance laying in ITC Reversal Ledger till date.

Can we reclaim the ITC against ITC reversed in FY 2023-24 out of reversal ledger in 3B of March-2025

Thanks

IS 12 lakh exemption applicable to HUF and partnership firm for F.Y. 2025-26?

Sir,
We have supplied material in the month of June 2024 and in March 2025 material returned after material received we issued credit note with GST and reported it in GSTR 1.
Now my quarry is this material returned after 6 Month of supply, so I have issued debit not for GST amount of Credit note which I have issued in the month of March and reported in R1. now question is this debit note of GST amount to be report in GST R1 or GST R 3B

Q.1 A commission agent dealing in the sale of land, being immovable property and providing services to UNREGISTERED PERSON, is he liable for taking compulsory registration even if turnover is below 20 Lakhs?
This question arises in terms of the definition of " Agent" under Section 2[5], under Section 7 and Entry No. 5 of the Schedule III, who is supposed to deal only in goods or services. Land, not being goods, is it sustainable to demand GST on such commission? Please clarify.

Q.2 Can commission agent of land take the full value of consideration firstly in his account, then deduct his commission & then further transfer the balance amount to original owner of land, what will be treated as turnover of the agent then?