Our one client taken ITC for the month of december 2018 in his GSTR-3B filed on dated 22.01.2019. but Seller filed GSTR-1 for the period of december 2018 on dated 25.2.2019. so query is Our client claimed ITC is valid or not?

Dear Sir,

I had received the demand notice of Rs 194000/- + interest to be paid for A.Y 2011-12 but earlier i had not received any notice of filing return or assessment hearing as might be due to change of my address. Now i received the demand notice to pay the amount. Please guide me what should i do? Can i file appeal for the same or rectification request and if so within how much time should i need to file as the time has passed?

Whether CARO 20 applicable for may 20 exam?

Kindly address my query regarding Partnership in a CA Firm,

If Mr. A has individual COP in City A and on similar lines if Mr. B has individual COP in City B,

then can A & B join as partners in a CA firm in City B ? If yes, how to fill the Partner In charge column since both Mr. A & Mr.B are in charge of their respective individual firms.

Please note, distance between two cities is more than 60 kms.

Kindly provide me a solution

What is GST ruling for Purchase return of medicines. In which period GST has to be given back & in which not given back. And what about for expiry & breakage medicines return.

Considering that next financial year, all dividends will be included under taxable income, for the financial year 2019-20 (AY 2020-21), whether all equity dividends, mutual fund dividends declared with ex-date till 31.03.2020 can be added as current year income? ( on accrual basis) or to be accounted only on receipt?

Thanks

Hello
My client is a company engaged in the business of plotted development. Means It will purchase a piece of land, develop roads, parks and other amenities and will sell the plots. Can you please help me as to which accounting standard is to be applied for revenue recognition. AS-9 or AS-7 i.e POCM as it is not a construction contract but guidance note on real estate transactions provides for use of POCM where economic substance of transaction relates to construction contract. Please revert asap.

Sir / Madam,

Pls. elaborate what would be GST burden in case of freight income invoice raised by transporter. Whether transporter has to collect GST and paid it to govt. or it comes under purview of RCM.

Looking to hear you soon

Jignesh Kapadia

Particulars IGST CGST SGST
Opening Input 100 0 0
During the month 150 50 50

Output during the month 100 25 25

(i) How to set off
(ii) How much ITC balance carry forward for net month

Mr. A had sold a property to Mr. X. Later daughter of Mr. A files a case on Mr. X that even she was entitled for a share in father's property. Then Mr. X pays certain amount to daughter of Mr.A to take back the case ( off the court settlement ). ( Note : daughter is not party in the sale deed )

what will be the tax treatment for the amount received by daughter of Mr. A. Whether it is taxable under the capital gain or income from other sources ?