Hi,

Our Oversees client want to give gift to our resources.

what to receive gift from them to avoid taxation on it.

Should we raise the Invoice amounting to gift value ? or anything else ?

Please suggest.

Whether 15CA OR 15CB is required purchase machinery from foriegn country for Rs.5,00,000

We have to make payment of Rs.2,00,000/- to our District Collector towards recent "Michaung" Cyclone effected people for Relief material to be arranged by the District Authorities. requested to clarify whether GST is applicable under RCM.

If in a CA firm with 2 partners. If one partner dies, is existing partner consent needed to close the firm? Can existing partner file a complaint if legal heir of deceased partner apply for firm closure?

Need your responses in this

Could Assessee take deductions while filing Rectified return after completion of AY where ITR Processed under old regime since form 10-IE filed after due date

hi every one ,
can we claim itc of rcm paid at rate of 18 % on security services for running a restuarant , where normal itc is restricted due to output gst had been opted in 5% slab , please give reply to this with sections and act according to gst , or any case study refer to this issue

Sir,
Assessess previous 12 years earings income from working private institutions etc source amount rs:15 lacs deposit in bank sb account.
Question:
Assessess reply submitted procedure previous savings amount submitted to it department.

Kindly advise
Can we continue to enjoy the benefits of NRE SB and NRE FD after coming back from a foreign country and settling in India?

How many years/months we can keep it without converting it into domestic Accounts?

Can we transfer the balance in NRE SB and NRE FD without converting to domestic accounts to close relatives' NRE accounts - after ONE year from returning from a foreign country and staying in India for more than 182 days continuously?

Sir /Madam,
We have filed the Nov 2023 GSTR3B with a mistake as double time claimed ITC.
Our regular practice is as follows:
1) What are the ITCs auto generated in GSTR2B +(Plus)
2) What are the ITCs which we have reversed in the earlier period and claimed in the current month and
3) Deduct the non eligible ITCs which are credited in the current month and
What are the ITCs which we will have to claim in the forthcoming months.

But in this month,

One of our party had not credit our Oct2023 month ITC in Oct23 but credited in Nov2023 along with Nov2023 month ITC and reflect in our GSTR3B.

Again we mistakenly added the party Oct23 ITC credit in the reclaim section also.
This leads to double claim. Now the reclaimable statement shows negative figure.

Kindly Advise / guide us to rectify the same in the forthcoming returns.

Many Thanks in advance,
With regards,
Bazeer L

A practice Chartered Accountant is to certify Form CSR-1 invariably, if the entity is registered under Companies Act. However, the Applicant entity is a Trust for which no such particulars are incorporated in the FORM CSR-1. How the practice Chartered Accountant expected to sign in the absence of declaration for Applicant entity who is a Trust.