what will be the consequences
if My company not deposited RCM on an expenses for FY
2019-20 today what will be the consequences , can i claim Input RCM on payment .

One sale bill of March,2019 was omitted to be shown by me due to my mistake. I have already filed GSTR 3B upto July,2020. What should I do now to show the said omitted sale bill ?

Dear All,

Greetings!!!

We have been engaged by a company to supply only labours (pure labour supply to manufacture) on daily wages basis and we are registered with GST along with ESI and PF.

Would appreciate if we get a suitable guidance and clarification to a situation that we are facing presently regarding understanding the applicability of GST. In order to explain our issue, wish to elaborate as follows:

a) The labours would be paid daily wage around @ Rs.310/- per day
b) ESI would be @ 3%
c) PF would be @ 12%
d) Bonus would be @ 8.33%
e) Additional/Extra labour supply (if any) @ Rs.310/- per day
f) Service charges would be @ 15% (including e but not including b, c & d)
g) Finally, we raise the Invoice to the company @ 18% GST incluidng ESIC, PF, Bonus, Service Chages & Extra i.e. a to f above.

Is above our GST working is correct? As the company is asking to charge the GST only on service charge part.
We would be highly grateful if a clarity / guidance is given to us at the earliest please.

Thanking you all in advance.

Tejas Gandhi

A Assess is savings Rs:2 lacs for year and his total accumulated capital is Rs:20 lacs in last 10 years.
Question:
Assess how to show this accumulated capital in I.t. returns.

I have inadvertently added a challan as of Rs 3 Lacs u/s 94-C in TDS Return 26-Q for the Q-4 Fy 19-20 instead of showing in TDS Return 26-Q for the Q-2 Fy 20-21. Please let me know how to shift the said challan from TDS Return 26-Q for the Q-4 Fy 19-20 to TDS Return 26-Q for the Q-2 Fy 20-21. I shall be highly obliged to you sir if you please kindly guide me in this connection.

Our Company's Primary Authorized Signatory Expired two months before. unfortunately He was single authorized signatory & its Digital Signature is also expired . Now we want to add another Director as an authorized signatory but while we try to submit the application through Non core fields there shows old authorized signatory details for approval and we unable to submit application. We also visited to our Jurisdictional Office for resolving this issue but their application is also got rejected by GSTN Portal. We also Have raised grievance on GSTN Portal but our issue is still not resolved. Due to we are a Company We cant file Return through EVC Option. We are in deep trouble. any one have face this type of issue? expert please suggest possible way to resolve this issue.

On a motor vehicle accident claim of Rs.45 lakhs, interest amount of Rs.16 lakhs received for the period, and the insurance company deducted Rs.317134 on the interest portion and gave Form-16A on 20.2.2020. There are many judgments both by High Courts and Supreme Court that TDS should not be deducted on interest received in case of motor accident claims. Since the amount of Rs.317134 has already been sent to Income Tax department, how to claim this as refund while filing the return. The income of the client is well within the tax limits and no tax payable since savings are made. She is a retired teacher with a pension income of Rs.300000 per annum. Pl enlighten regarding how to claim refund of this tax deducted of Rs.317134. thanks.

Respected Sir,
I shall be highly obliged to you, should you kindly please guide me.
On 7th September 2020 we have paid TDS u/s 94-C as of Rs 3 Lacs agains job work bill dated 31-08-20 but inadvertently we have booked the said bill as on 31-03-2020 as against which the said TDS has been adjusted. Conso File for the Q-4 fy 19-20 is showing the said TDS. I have to cancel the said TDS from the TDS Return and later I will show the said TDS as against the bill dated 31-08-20. In such case what should I do ? Please advise me and oblige.

Hi Please tell anybody this doubt

My client was filed income tax return u/s 44AD for AY 2018-2019 & AY 2019-2020.

Now for AY 2020-2021 I want to file regular return without tax audit (i.e. not u/s 44ad) and i will show the profit more than 44ad calculation (i.e. more than 6% for other than cash sales and more than 8% for cash sales ) now i am declared the profit according to sec 44ad(1) in regular return.

is this eligible? correct or not?

I opt from 44ad before 5th year but i show the profit according to sec44ad(1) in the present year.

Please answer to this...

I AM DEALER OF MOBILES PHONES , I ARRANGE A DEALER MEETING FOR WHICH I HAVE MADE SOME EXPENSES ON DECORATION, CATERING, LIGHTING . THE COMPANY REIMBURSED ALL EXPENSES TO ME.
MY QUESTION IS THAT AM I ELIGIBLE TO TAKE INPUT TAX ON CATERING.

PLEASE GUIDE ME. IF POSSIBLE PLEASE SHARE RELATED ACT OR CASE LAW.