varun chopra

My bank ICICI is confused if there will be a Tds deduction if we have to pay US $5000 as the fee to a USA company for taking their membership. The US company has no office in India, they operate in USA. Worldwide companies can become their member and in return, they will share the documents they have created related to the insurance industry in the USA. We need the membership as we develop software for the insurance market. Our company is a Sole Proprietory company (single owner). The bank is suggesting that we should fill S1099 (Other Services) as the code for remittance. Kindly share if in this case 15CA CB is needed and TDS is applicable or not?


Rakesh Sharma
21 January 2021 at 19:19

Red tiles in GSTR 3B

Respected Experts, we have filed our GSTR 3B for the m/o Dec-2020. But Table No. 3 & 4 are showing Red. There is some difference in ITC & RCM as per the details below :-
1) ITC on Import : - we have made the payment on 30-11-20, but goods have arrived on 02-12-20.
and the difference crosses the 10% variance. And some ITC of quarterly vendors.

2) RCM : we have made the RCM entry in Tile 3 & 4 on Ocean Freight & Local Freight.

We have done all the work of difference. My query is there any problem w.r.t. Red coloured tiles. Someone says that a Notice may be issued.

Also, suggest us on what basis we have to file our GSTR 3B either 2A or 2B?

Kindly suggest us.

Rakesh Sharma


Madhav Suryawanshi
21 January 2021 at 19:14

CMP 08 mistake

By mistakly i have entered in form gst pmt 08 taxable value 12035520
But actual value is 1203533

How can I rectify it


I have already filled my return


Rakesh Sharma
21 January 2021 at 18:59

ITC on newly setup

Dear Experts, we are constructing a Plant & have purchased the below details ITEMS :-
1) We have purchased Cement, MS, SS etc. for the building. ITC available or not.
2) We have purchased Cement, MS etc. for the base for machinery. ITC available or not.
3) We have purchase DG Set along with cement, MS, PVC pipe to prepare the diesel tank. ITC available or not.
4) Sir, we have purchased Electricals fitting items for the building. ITC available or not.
5) We have purchased Electricals fitting items for Plant & Machinery. ITC available or not.
6) We have purchased Mobile Phone for communication with various Vendors. ITC available or not.

Kindly suggest.

Rakesh Sharma


Amarnath
21 January 2021 at 16:19

Credit note

Dear Sir,
We sold our product outside tamilnadu in Sep 2020 and some goods are returned by the party in Oct 2020.so i raised credit note for that and the same time i have no IGST Sales in OCT 20 and same filed and Gstr 1. How can i adjust the credit note for the month of oct 2020 in Gstr 3b Return . please explain sir


RAKESH
21 January 2021 at 15:34

Salary

Sir
Please comment on the taxability of the following;
Travelling allowance recieved on the basis of actual journey for the performance of the duty.
Eg: a field officer or employee claimed for re-imbursement of expenditure incurred for travelling and there is a maximum limit for such expenditure.


farizuddin
21 January 2021 at 14:12

RCM

gst will take rcm on air freight or not


Kollipara Sundaraiah

sir,
Any gst registered dealer input credit calimed rule 36(4)+5% above itc claimed(not followed) dealer gst registered number cancel in gst act


sankar ponnan
21 January 2021 at 13:33

Debit / Credit Note

SIR
Mr.A sells the goods to B by an invoice. B receives and wants to return the goods due to the poor quality to the original supplier A.
B prepares debit note against the original invoice number. Then, the A returns back the goods from B and accounts the same in his stock?
Questions / Doubts are,
1- Can A issue Credit Note to B ? If yes, which number he has to put as a reference number ?
2- What is the treatment in both of their accounts while B returns the goods in same month and while it happens in the next month?
3- In Credit / Debit Note, GST should be separately shown?
guide me plz
thanks in adv



Pravat Parida
21 January 2021 at 13:13

Gst profile

I want to add Mobile no and email id in GST Profile of my client instead of my my Mobile no & emailid , how is it possiable?






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