Hi,

I would like to raise a zero value invoice for a free of cost service delivered to a client. Please let me know if this is possible? what will be IGST and CGST tax implication? In case of service tax will the same be refundable?

Regards

Aniruddha

I have purchased the Payroll software with 18% GST. Pls let me know.... can I avail the ITC of GST paid on software purchase???

As per recent budget, amendment under Section 194J is as follows-

"Therefore to reduce litigation, it is proposed to reduce rate for TDS in section 194J in case of fees for technical services (other than professional services) to two per cent from existing ten per cent. The TDS rate in other cases under section 194J would remain same at ten percent."

How to differentiate between technical and professional services.

Rgds
Renjith.R.S

I received an intimation u/s 143(1)(a) for an arithmetic error in Schedule BP. For example: BP, Sl.No.D. Income chargeable under the head Profits and gains from Business or Profession (A.38+B.43+C.49) and the sum of amount entered in Sl.No.A.38+B.43+C.49. are inconsistent However, I checked the values in the return and there is a perfect match. No arithmetic errors. I prepare the return using Excel Utility where all items in Schedule BP were calculated automatically. So, I don't understand how arithmetic errors can happen. What is the reason for giving this intimation? What should I do?

I own a house jointly with my husband for which we have taken a joint home loan. This is a self occupied property and we are individually claiming tax benefits on it. I own another property solely, for which I have availed Bank finance. The second house is not let out and my parents stay there. Can I claim tax exemption of upto Rs. 2.00 lakh from both the loans?

We reversed some invoices raised against previous months. During Jan.20 GSTR-1 we showed under credit note details. Jan.20 we raised some invoices, ultimately net sales figure for the month is coming as negative for the month of Jan.20. But in GSTR-3B no option for showing negative sales. Please advise how to resolve this issue.

Sir
Pl clarify the following

1.The ITO has issued notice to banker to attach the bank account within 15 days from the date of order Issued U/s 143(3) . Is it legally valid ? Since I think we have time to rectify the order within 4 years from the date of order issued U/s 143(3) Further we can also prefer an appeal. Then how can the AO issue attachment notice within such short period? Whether there is any provision like that ?

2. Further can I rectify the order U/s 154 if the AO did not consider part of reply/evidence/documents during the course of assessment?

3.Can I file rectification petition against the order issued U/s 143(3) , if the AO did not allow the time to produce the documents during the course of assessment?

Hello, I am actually confused regarding the filing of Form 67 online. The assessee is a resident domestic Pvt. Ltd. company receiving monthly amount from Japan for services rendered under a contract. Hence, a TDS has been charged on that income on monthly basis.

How shall i file the form 67? Shall I file it on monthly basis as and when the TDS certificate is received from Japan? or I can merge all the incomes and file it after year ending and before return filing date?

Sir
If an NGO (registered under 12AA) sponsoring school education for kids who excel in sports say table tennis
They give them coaching in school premises along with other students
Charge some amount in lieu of such services (combined for school education and sports coaching)
Will that be covered under gst taxability???
As education is exempt

TAX ON SALES ---- 1,00,000
Less: input tax(inputs)- 40,000
itc(capital goods)- 60,000
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NET LIABILITY -NIL-
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MY DOUBTS WAS WHETER I CAN TAKE WHOLE ITC ON CAPITAL GOODS i.e. Rs. 60,000/- OR Only Rs. 1,000 (60,000/60 months). and pay remauning Net Tax Liablity Rs.59,000/-

pls Clarify.