Abilash
20 May 2020 at 16:41

INC 20A

Company filed INC 20A with 6 days delay. Penalty order for Rs.56000/- received by the comopany. Company not filed any appeal against the order. Kindly let us know , whether CFSS 2020 benefit available in above situation. If yes what is the course of action to be taken by the company


Nidhi Akhani
20 May 2020 at 15:53

REFUND OF INCOME TAX

I am not able to prevalidate my bank account it shows error of incorrect account number.
I have account in co-operative bank.

what action should i take?


Baskar

Hi,
A company paying WC Insurance Premium for its employees who are working through contractor.Insurance company issuing Invoice in the name of Labour Contractor.
Can the company take itc on it? and what is the GST impact to the company on the above transaction?


RISHI RAI

Sir / Ma'am,
i want to start my own website for selling products online. The site will sell different products which my own business will procure from whole sellers and manufacturers. I want to know if i should register my business as a One Person Company or keep it as a proprietorship business. I am planning to expand in the future and have also applied for a trademark for the same. i will also require finance assistance so would also like to know about any finance scheme that the government offers to such establishments.
Thank you for your time and help in my first step of business.


Narender Seervi

Which transaction amount we should consider


Nitesh kumar
20 May 2020 at 12:40

Vivad se Viswas scheme

I have a small business of fruits sale and whole business is depend up cash base sale, during notebandi time there was some cash deposit in my bank account.
Now in limited scrutiny AO charged RS 370000 under section 115BE on which they changed RS 222000 as tax and Rs 55500 as surcharge.
Is there any scope to get relief under vivad se viswas scheme.
Please guide me on this


DEBASISH BODHAK

1) Auditor’s firm of 2 partners.
2) Appointed by a company and filed ADT-1 where Category of Auditor is ‘Auditor’s Firm’.
3) One of the 2 partner’s died.
4) Until a new partner is admitted what will be the category of the said partnership firm a) Individual or b) Auditor’s Firm?
5) The existing partner is still running the firm without admitting any new partner.
6) In this period is it possible to appoint a new auditor for the said company in the ground of casual vacancy other than resignation of auditor.


DEBASISH BODHAK
20 May 2020 at 11:25

Refund of GST

1) Financial year 2018-2019
2) GSTR-9 not yet filed.
3) Actual GST payable 1918903.87
4) Due to wrong entry in GSTR-3B, payable amount 1969541.00, have paid through ITC and cash in full.
5) So GST paid in excess 50637.13 through GSTR-3B.
6) Please tell me how to get the refund of excess amount?


Bhaskaran Chackrapani Warrier

An advocate, super senior citizen, received a substantial amount in lumpsum from Advocate Welfare Fund' upon permanently stopping his legal practice. Whether that amount is liable to income tax. If so, the said amount is to be offered under which 'head of income'.


ANIMESH PANDEY
20 May 2020 at 10:02

ITC

Dear Sir,
Instead of IGST against a tax invoice related to FY 2018-19 , I have booked ITC under CGST and SGST. This mistake identified later on in march2020. Now I have reversed the excess credit taken under CGST & SGST . But Sir my question is that , can I avail the credit of IGST now in March 2020 GSTR-3B return?? If not then can I claim refund of IGST as such is reflecting in my GSTR-2A and earlier was mere a mistake.