Hi Experts,
Having a doubt on concessional rate supply at 0.1% when sold to merchant exporter.
Under concessional rate supply at 0.1% one of the condition is the merchant exporter have to export the goods within 90 days from the date of e-invoice made by supplier and if merchant exporter fails to export within 90 days then supplier cannot avail 0.1% concessional rate, here i want to know the explanation for “supplier cannot avail 0.1% concessional rate” does is it mean that supplier have to pay 18% GST if merchant supplier fails to export within 90days ?

For the first time we find that From 16C generated under TRACES is much lower that the Rent paid/Payable and Tax deposited as per Form 26QC.

Form 16C has picked up the rent paid after TDS for the last month and calculated tax @ 5% on that instead of the full years rent and 5% on that ? May be a part of a system change ? Has anyone else faced this ? What can be done as Form 26QC is correct ? Appreciate your help!

Number for example are monthly rent for residential Rs 1 lakh pm. Annual rent Rs 12 Lakhs. TDS deducted and deposited @5% is Rs 60,000. Last months rent paid is Rs 1 lakh less 60,000 TDS ie Rs 40,000. Form 26QC is correct but Form 16C says rent 40,000 TDS paid Rs 2,000.

Suppose Indian Private Limited company pays the payment for hire of chartered plane to foreign resident. Whether whether withholding tax/ TDS is applicable for such remittance. Kindly advise.

Sir,
It assessess itr returns filed sec 44ada and sec 44ad two provisions every year assessess un secured loans different creditors rs:50 lacs amount received
Question:
Assessess selection of scrutiny provision applicable in it act

Hello sir/madam,
Our organization was prop. and converted to LLP. Is prop. transfer his assets to LLP?
In case we transfer than what is procedure and which accounting should be passed?

Your support towards this concern is very much appreciated.

Can someone help with below query?

Property 1 (Flat):
Sale value = Rs. 1.36 crore
Buyer = 2 people (equally split)
Seller = 2 people (equally split)

While filling out 26QB for each buyer, what is to be filled for:
1. Total Value of Consideration (Property Value) = Rs. 1.36 crore or 68 lakhs or some other value?
2. Amount paid/credited currently = Rs. 1.36 crore or 68 lakhs or some other value?
3. Total stamp duty value of the property = Rs. 1.36 crore or 68 lakhs or some other value?

Thanks in advance

Sir,
Kindly let me know i forgot to file a sales invoice of mar 2024 in GSTR-1 ,how can i register it now ?
If i register now in April 2024 month ,it is change of year 23-24 to 24-25

Please reply

Sir

I mistakenly paid a 26 QB challan for land instead of building. Can I correct this and change it to building?"

Selected wronly land in place of building

HELLO Sir/Mam

Please advise, if we have uploaded an Invoice in the month of Apr2024, now we want to change the Invoice amount, can we do it in May, 2024.

Also, what is the maximum time allowed to make an amendment in the Invoice.

Thanks

FY 2019-20 I had claimed ITC without mismatch (Excess / Short) . I am showning Net ITC only not bifiricated ( Debit Notes , Purchase ) directely shown Net ITC table (A-B) But tax officer not accepted please any clarificatatin , and suggations Example :- Purchase input Rs.100/- Debite not out put 50/- Net Input 50/- I had directly shown 3B table NET ITC TABLE 50/-