In Financial Year 2018-19, we have shown in GSTR 3B (GST Rate is 5%)
Taxable value Rs 167000,
CGST 4175,
SGST 4175
Total Taxable Value 175350

we have shown in GSTR-1 in B2C
Taxable value Rs 107000,
CGST 2675,
SGST 2675
Total Taxable Value 112350
We forget to report the 4th quarter sales in GSTR-1
In GSTR 3B We have Claim ITC of Rs. 9557 GST as per GSTR 2A Is Rs.8184

we have claim ITC as per supplier invoice, supplier did not show the invoice in GSTR- 1

now GST department sent notice for mismatch in returns filed
How to make reply of such notices

What is the business code for petrol pump dealer in ITR filling

yes, i change my view. All assets to be given and even liabities to be given. i didnt see liabilities in al schedule, so was asking only debit balance to be given or all? anyways, its solved. thank u sir.

AL SCHEDULE ASKS DETAILS OF LOANS /ADVANCES TO OTHER CONCERNS.
DOES THIS MEAN PARTIES WITH ONLY DEBIT BALANCE (ASSET SIDE) AT YEAR END NEEDS TO BE REPORTED?

MY VIEW--> WE HAVE TO GIVE PAN, NAMES ETC OF ALL MONEYS BORROWED AND ADVANCED OUT , IRRESPECTIVE IF IT IS DEBIT BALANCE OR CREDIT BALANCE AT YEAR END.

Prepaid expenses Like insurance when should be capitalized and when not should be capitalized, is any criteria .

can i pass
when take services and purchased Goods
CWIP A/c Dr ( Under Group) Fixed assets
To Vendor ( Under Non Current assets)
when it transferred to fixed assets
Fixed assets ( Building / Plant and Machinery)
To CWIP A/c
Is correct process to transfer it.

Insurance exp. paid regarding insurance of car ,
my question is that insurance exp. should be added to cost of car and charge depreciation and second time onwards insurance exp.
should be divided between two Financial years and charges to P/L account when expenses related to 2 Financial years.

Please guide us U/s 194I
We have taken a property on rent @ 22000/- pm make two agreement of 11000 each in the name of Husband and wife but they are not joint owner of the said property. Is TDS applicable u/s 194J

Sir/Madam

I have one query regarding accounting entry of Sales Bill and Purchase Book. Company maintains books of account in multiple currency i.e INR, USD, Euro etc.

Company charged IGST tax on Sales to Foreign Customer and this IGST not to be paid by Customer because company has to pay IGST Tax. Company passes Journal entry for removing/adjust Forex gain or loss by debiting in INR currency and crediting Foreign Currency!!!

My question is that can it is correct accounting entry debiting in INR and Crediting in Foreign currency?? After passing above entry Forex gain or loss adjusted in Customer Account. thanks

Educational society claiming exemption u/s 11 until last year, is now wish to filed return of income by claiming u/s 10(23C)(iiiad). The accumulations which were kept u/s 11(2) can it carry forward as long as society claiming exemption u/s 10(23C)(iiiad)

At the time of submission of income tax return there is an error due to which i am unable to submit return and e-verify it. Belowe is the error discreption for that i already fill the details.

You are liable to tax audit u/s 44AB and your accounts have been audited by accountant, but you have not provided information relating to auditor and audit report. Kindly furnish the information relating to auditor and audit report, since you are liable to audit u/s 44AB and accounts have been audited.