Hi Sir,

We have missed to upload a sale bill in GSTR 1 of Dec-2019(FY 2019-20) till now.
and party has taken ITC of that and paid the bill amount to us after deducting TDS of 2%.
This bills is not accounted in our books and also not included in Dec 2019 GSTR 1.

Question:-
1. How to treat this bill in our books now.
2. How to treat GST in the books and in the GST portal.

We haven't finalized our books yet, so please suggest me how to resolve this.

Sir,

Kindly guide whether TDS is required to be deducted for advsertising agency if the advertisement is being given to them since many years but do not have written contract. The payment made till this FY is Rs. 16000/- including the present bill of Rs.7800/-. Is there any penalty if TDS are deducted and paid even though not deductible as it was below threshold limit. Kindly guide.
Thanks in advance

A taxpayer imported goods of $20,000 from Malaysia. At the time of import he paid IGST of Rs. 1,00,000 and took full ITC.

Now at the time of payment he receives discount of $5,000 from the supplier. Since the supplier is not registered in India he gave a letter for discount.

Query:
1. Since the supplier is outside India, I should issue debit Note on his name for accounting effect?
2. Whether the debit note shall be issued or the discount shall be treated as separate supply under GST?
3. Since I will not be reversing any ITC so i should issue Financial Debit Note instead of GST debit note?

We had started a Finance business (company incorporated) last year .
My self and my friend are the two directors. Now we have decided to discontinue our business.

what is the procedure for winding up of the company.
How long is the process for winding up and how and when we as directors of the company can take back our money

Kindly advice

Thanks

Dear Sir,

Could you please confirm me, where we have to show Interest on PPF Tax free Income under which section .
1. Sec 10 (11)- Statutory Provident Fund received
Or
2. Sec 10(12)- Recognised Providend Fund received

Please help me

Sir
At the end of year, the balance sheet shows,
TDS Payable - Rs.400000/-
TDS Receivable - Rs.600000/-

How to close the above TDS account and carry forward it to the next year
Plz clear my doubt
thanks in adv

Dear Sir,
A Individual filled his IT in 44AA for the past 2 year Ass yr 2018-19 & 2019-20.
Can he fill IT in 44AB in Ass yr 20-21 . If so what will be consequence. Please clarify
Thanks

Two I.t return filed individual Assess single bank sb account maintained jointly transactions
1st Assess trading transactions in bank sb account
2nd Assess rental income transactions in bank sb account.
Question:
Two I.t. return filed assess every transaction 50:50 share or Assess applicable transactions only entries passed in books.

Hi All,

The assessee passed away in October 2020. His wife has been registered as the assessee's legal heir / representative on the e-filing website and the request has been approved by the e-admin.

Which / whose bank account details to be provided in ITR for claiming refund?

Can wife provide her own bank account details (single holder account) in ITR of her deceased husband's ITR to claim the refund?

Thanks.

Our client has received Rs. 20 lacs from Bank towards swiping charges(cash Back) during the year. Please advise, whether GST is applicable under RCM.