If a trust, such as an educational foundation, receives a donation in the form of cash from a private limited holding company as part of its Corporate Social Responsibility (CSR) activities in India, and it has been utilized for the objectives of the company. Whether Form 10BD Need to file or not. it is sufficient to file form 10BB only. Kindly clarify it.

I need to raise an invoice for sales commission. What is the rate of GSt applicable on commission? Is there any HSN code which I need to mention on the invoice? Please guide.

T_FV_6351 Applicable and Mandatory For Financial Year 202324 onwards 'Other special allowances under section 10(14)'.

Hi Friends,
Here s a Pvt co company which regularly pays to Yoga Teachers to provide Yoga practices to its directors at their residence, the invoice is issued in the name of the company at its regd arddress. I want to know
1. Can the bills of Yoga teacher/instructors be booked as business expenses for providing classes for Yoga, Stress management and wellness program for directors.
2. What if the same classes is provided to entire staff at the premises of the company or the yoga instructor.

Please share your thought on above and the conditions when such expenses are allowed as business expenses.


Thanks
P C Joshi

I am looking for expert advice on handling a specific GST concession scenario involving three parties:
1. Manufacturer (my supplier)
2. Trading Company (my company)
3. Merchant Exporter (my customer) who will export goods to his overseas end customer.

My concern is supplying goods to the merchant exporter at a concessional GST rate of 0.1% for exports. My profit margin doesn't support purchasing goods at 18% GST and selling at 0.1%, then waiting for a refund.

Is it possible to purchase goods from the manufacturer at 0.1% GST and then sell to the merchant exporter at 0.1% GST? If so, what steps and documentation are required to execute this correctly and ensure safe trade?

I am seeking genuine advice to promote my products and services in the global market.

Thank you!

Registration Threshold https://cleartax.in/s/gst-registration-limits-increased Sec 22 of GST Act specifics that entities involved in supply of goods AND services to its members below Rs. 20 Lacs per annum can skip GST registration and not charge GST. For TOA, the sum total of all services provided to members / owners is 2.67 Cr per annum (Rs. 4 * 558000 * 12) and we are ten times over that limit.. Hence cannot avoid GST on that account. Rs. 40 Lacs per year limit is only for those who supply only goods and have zero services. TOA does not fall under that category. Is the above understanding of TOA correct?

Dear Sir,
We are preparing TDS Return 24Q. while preparing 24Q some of employees claimed HRA exemption more than 100000 and submitted the owner pan number. Here issue is some of employees owner pan numbers is inoperative. Is there any issue while filing the 24Q return or is there any Disallowance of HRA exemption during the processing of 24Q Return.

Thanks & Regards,
Bheema Reddy.

We have received default for short deduction of TDS in 24Q return. We have failed to deduct and pay 4% Education cess. Now I have two options

1. Pay the default
2. I have missed to deduct Rs. 50,000 standard deduction. So, can I file revised return by deducting standard deduction? By this, the total income comes less and the TDS+CESS is less than what we have deducted.

Which option should I choose.

Thank you

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X having Salary Rs.450000.00
Other Income Rs.150000.00
Investment Rs.150000.00

Is tds is require to be deducted and TDS return to be file or not.