Hi

Kindly guide can we claim an Itc for reverse charge paid specially when our main output/ supply exempted from tax.

Dear all,
as you are aware that wef 01-10-2020 E Invoicing is going to be implemented in GST, for those having turnover in excess of Rs 500 Crores during PY. My query is that turnover must for be for GST items only or total turnover. For example in Sugar Industry sale is for Sugar, Molasses, Power & Alcohol. Power is exempt from GST & many items of Distillery are also out of GST. Kindly share your opinions.

It is our usual practice to give gift to give our customers at the time of Deepavali and also occasionally at the time of their visit to our factory.

We are purchasing the gift articles through tax invoice and we are asking experts whether we are eligible for taking ITC GST as per tax invoice.

In our view, the customer gift expenses is furtherance to business and we are eligible to take ITC GST.

We request expert opinon for the above.

Sir,
The date of Incorporation of Co. is 25.01.2019 and the bank account of the company was opened on 17.11.2019. The company did not file Form INC-20A within 180 days of incorporation as required by Companies (Amendment) Ordinance, 2018.

Now it wants to file the same under cfss. In this regard I have following queries:
1. Can we attach the bank statement in the form if date of commencement is shown as 01.07.2019?
2. Or we have to show resolution date after bank account opening date ? (In this case condition of 180 days not fulfilled)

Please suggest urgently.

Dear sir/mam,

When i am filling DIR-3 KYC through web kyc i am facing problem in getting OTPs to email ID.i am getting OTP to mobile immediately the problem is with Email ID only. same situation for many Directors.

thankingyou sir,

Carpenter (mistry) income Rs.260000 kon sa return filed karna chahiye or uska business code konsa aayga.
Income Tax Return filed karne ke liye.

Sir
I want to know that: I received the gold in inheritance and some jewellery as per my share according to will after death of mother. if I sell the same then Capital Gain come into existence or not. Can I directly increase my capital?
Pl advise.
Regards

I have one house property which consist 3 rooms. Out of which 2 rooms are let out to two different persons. In this regards I wants to know which ITR form (ITR-1 or ITR-2) have to be file. I have only salary income and rental income from such property.

A person is employed in a Finance company as an agent where tax is being deducted at source u/s 194H. He does not have other sources of income except that. In A.Y. 2019-20(P.Y. 2018-19), he filed ITR-4. Now what ITR will be appropriate for him ? (He does not maintain Books of Accounts)

If invoice received late i.e. after 180 days from the date of invoice, then GST ITC can be claim ? Payment is pending ?

e,g, Invoice date 25.01.2020 and received on 10.09.2020, so can we take GST ITC while booking invoice ?
[Note: payment will be pay after booking above invoice ]