DEAR SIR,

WE HAVE STOPPED INTER -STATE PURCHASE FROM APRIL, NOW THEY HAVE ISSUED CREDIT NOTES, MY QUESTION IS HOW TO ADJUST IGST CREDIT NOTES BECAUSE THERE IS NO INTER-SATE SALES OR PURCHASE UNTIL NOW THEY ISSUED CREDIT NOTE IN THE AUGUST MONTH HOW TO ADJUST THESE CREDIT NOTES TO REDUCE THE VALUE OF THE LOCAL PURCHASES OR ANY OTHER WAY TO ADJUST THESE CREDIT NOTE PLEASE HELP ME AND GUIDE US

REGARDS

i have issued tax invoice for goods retuned to the seller and showed in gstr1
BUT the seller has issued credit note against it
How can go about filling GST9 based on this?

If a person is of Indian origin and works in another country for 3 years, he is a non residents for the purpose of IT. now if he sells shares and having LTCG, should he report under schedule 112A or 115AD(1)(iii)?

Hello, will be grateful for following informations:
I am having case of AOP. It is registered under Bombay Trust Act.
This AOP is running 1 school. and needs to prepare Balance sheet and file ITR.
Now my query is -
1. Who can be auditor of AOP (Association of Person) (Sanstha)?
2. for filing ITR of AOP should we need to file any FORM before/after filing ITR?
3. Should income of AOP be shown under Business Income? and should we file Balance Sheet & Profit and Loss in ITR?

Thanks in anticipation.

Hi Experts,
Need some guidance on the below topic:
"A" provides service to "B" and raise an Invoice for the service provided. At the end of the year, based on the volume of business, "A" needs to pay back 5% of the total Sales amount to "B". This is something which they termed as cash back in commercial parlance.
E.g. If total sales during the year is Rs.1,00,000, then at the end of the year A has to pay Rs.5000 to B as cash back amount for the business given by B to A.
The question here is, whether the cash back amount is subject to TDS? If yes, will it attract TDS u/s 194H?
Please suggest.
Thank you!

Dear Sir/Mam,
Please guide on Following Case.
In FY 2018-19, Mr. X wrongly considered advance received as Income in ITR. And claimed full amount of TDS in FY 2018-19.
Please guide what he can do in the ITR of FY 2019-20. Bills against advance has been raised in FY 2019-20. Should he deduct advance from Total turnover in FY 2019-20 ?
Please guide.

My client is a salaried beautician, apart from that in the previous year she received about 30,000-35,000 as consultancy fee as a beautician. I would like to know the appropriate head of Income derived from such Consultancy Fees. I am in dilemma whether it is to be charged under PGBP or Other Sources?

A gst registered regular scheme dealer closing business.closing stock value Rs :5 lacs.dealer yearly turnover below 1 cr limit.
Question:
1.closing stock value Rs 5 lacs sales turnover treatment.
2.dealer cancel of gst number after gstr-10 filed compulsory.

In form 3CD, point 31(a) - Particulars of each loan or deposit in an amount exceeding the limit specified in section 269SS taken or accepted during the previous year under head - Amount of loan or deposit taken or accepted

1. Are we required to disclose the amount accepted during the previous year only or the total balance outstanding (opening + accepted during the year) ?
2. Are we required to disclose the name of parties from which no amount has been accepted during the year but there is an opening balance outstanding?

Thanks in advance and really appreciate the feedback

A foreign holding company is having a 100% Indian subsidiary with an authorised and paid-up capital of INR 1.0 million. Due to the losses in Indian subsidiary, the capital is now exhausted, and the foreign holding company is not interested in buying new shares in the subsidiary, instead can issue a temporary loan (repayable in two years - interest-free). They can do so? If yes, what is the process?