If composition dealer of goods renders service within prescribed limit what will be the rate of tax on service charge? If there is some addition of material will it be coposite supply? What is rate of tax?

Respected Experts, I, registered in Delhi, have sold some goods to registered person
at Maharashtra in 13-12-2020 about 5 Lacs included 28% IGST. At present he is not
releasing the payment of above amount.

Can we make Credit note of the above value & adjust GST amount shall adjust in return?

My humble request to all the experts please guide me what to In this scenario?

Kindly regards,

Rakesh Sharma

Iam a regd business person.In my query for chrging gst on sale of motorcar which was pur by paying gst i opine that gst should be charged on profit margin( sale value - wdv) at schedule rate.Bill should raised & disclosed in gstr 3 b inb to c if sold to non gst person& b2b if sold to gst reg person. Prepare tax inv & to be sown in gstr 1 also.

Car sold to non gst person
On what tax to be charged sale minus dep as per it or per book? Whether to prepare tax invoice? How to show in Gstr 3b& gstr1?
If senerio sold to regular gst person what will be the position? Documantation in both case.

Can you please tell me what will be the accounting entry for GST on sale of motor car where sale proceeds is not incl of GST. Ex: Car Sold for Rs. 7,00,000/- Wdv as per Cal Rs. 5,00,000/- Margin Money Rs. 2,00,000/- GST @18% Rs. 36,000/- Now please tell me what will be the accounting entry for the same?

Turnover of a businessman is less than Rs 1 Cr(Rs 86 lac). He doesn't want to opt for sec 44AD as his profit from the business is less than 8 % (Rs 4 lac aprox).
Same is the case for one of the doctor who runs a homeopathy clinic and has a turnover of approx Rs 26 lac and has net profit approx Rs 8 lac and doesn't want to opt of sec 44ADA

Are they both required to maintain books of accounts and get those audited from a CA..?

Respected experts,

I am preparing my ITR for AY 2020-21 using ITR-2 java utility from incometaxindiaefiling.gov.in. I have entered 3 transaction of LTCG in schedule 112A, total LTCG being Rs 21000. Schedule CG and B-TTI are populated without considering Rs one lakh of exempt LTCG, i.e in B-TTI the LTCG should be zero, but it appears as 21000. Please help on what I am missing.

Hello Team,
I am NR Individual providing Software services outside India & same time I'm an employee outside India of one company.

My case is I have provided software service to one of my client outside India so can he transfer my fees/payment to Indian bank directly.If yes then such Income will be taxable in India?

Can I opened Proprietorship in India with my Father name then what will be procedure & tax consequences applicable.

I was a promotor director of a company(not holding COP at tat time).relinquished in 2003.now I am holding COP and undertaking attesting function. Due to Covid the other employee director resigned. Can I rejoin as promotor director and still continue my practice. Appreciate your guidance. I have substantial interest in the company and I am not acting as a statutory of the company. My wife is the other director.
Regards
Srinivasan

Goodevening sir
Pls clarify the tax exemptionrule apply for leavein encashment for state pspcl employees on retirement and tax exempt limit upto how much extent
Thanks and regards
Neeraj Kandoi
C.F.A .A.I.I.I