Circular 23/2017 dt 19.7.17 clarifies that TDS should be deducted on amount excluding GST, provided GST is indicated separately.

Now, under Income Tax act, for what purpose should this circular be applied.
1. For the purpose of ‘determining the amount’ on which TDS should be calculation
2. For the purpose of ‘determining TDS APPLICABILITY’ ie: scope of TDS threshold limits

If the scope of the above circular be applied on point no 2, please support your answers with applicable Caselaws or guidance note issued on this.

Eg: If excluding GST, TDS threshold limit is not triggered, but the limit is triggered on including GST. So should TDS be deducted ?

one of my client having business kirana shop and he has filed itr form 2007 to till the date with proper manner but before 2 days ito has call to assessee that we have issue notice against you kindly visit to department and today also called to my client that again called kindly visit at department than i have to called and asking regarding that notice than A.O clarified that assessee has not filed itr in a.y 2011-12 and income has escaped i just given my mail id and telling that send me your notice copy but still not received
my question is that
1. whether a.o has right to issue notice form a.y 2011-12 in current month (bz time limit of that notice 6 year)
2. i have already filed itr in that year than why a.o asking that non filing itr in that year
3. i have filed itr under sec 44AD and i dont maintain books of account and how it is possible to provide complete balance sheet and trading account if notice is received as per telephonic discussion

Hi,
Recently I was paying TDS for my property. I had to pay 62376.5 INR . While doing online payment after filling up Form 26QB I paid 62376 (Rounding off). But then I got to know that it should be rounding off to 62377 INR. Though its a matter of only 1 INR, still as its not as per the guidelines I am little worried

Do you see any major issue here ? Is there any way to clarify this unwanted mistake ?

Thanks,
Tanmoy

DEAR ALL,

what is the accounting Treatment for the TRAN I Credit taken on Duty Paid Invoice (Excise Paid), for finalizing the Account as per Law, as VAT input balance is shown in Balance sheet and converted in SGST ITC but there is no balance of CGST balance previous which is to Taken as ITC .

HI! I am starting a production house in partnership with my friend. We plan to produce movies. For this I need to sign a writer. He has asked to deduct TDS. I dont have the company PAN and TAN numbers yet. We have not yet opened the bank account as well but since I need to sign him on 13th Sept, I will be paying him through my personal account. Can I deduct the TDS without having the PAN and TAN numbers (I will definitely be apply for them in a few days) . Also can I as a individual deduct the TDS on behalf of my company? How do I go about ? Or can I pay him full now and for the next payment deduct the TDS for both the payments?

RESPECTED SIR,

I WANT TO KNOW THAT WE HAVE A GST REGISTRATION NUMBER ON GOODS SUPPLY. BUT WE HAVE ISSUE SERVICE BILL ON COMMISSION OR LIASONING SERVICE CHARGES . HOW WILL IT PUT IN GSTR-3B AND GSTR-1 RETURN. HOW WILL GET SAC NUMBER?

One of my client have Business Receipts (Dairy Farm) of Rs. 186,78,300/- & Agricultural Receipts of Rs. 47,64,300/-. Total Turnover Rs. 2,34,42,600/-.
Whether Section 44AB applicable to him?

We are GST registered supplier in Karnataka, we are supplying goods to Uttar Pradesh, who did not have  Registered in Uttar Pradesh, he is registered with Bihar State, so we are raising bill on Bihar Address, In this case how we should report in GSTR 1, should we mention Bihar GSTIN in B2B or B2C?

My client is a distributors of idea agency. He is selling recharges, sim cards and recharge coupons. For the purpose tax audit, what will be considered as a turnover? Whether income received from sale of recharge coupons shall be considered as a turnover or only commission income shall be condidered as a turnover?

Sir, The invoice no actually have the details of 12 % & 18 % taxable value supplies which has already filed in GSTR-1. But after filing, we noticed that the above invoice have not the details of 18 % taxable supplies in GSTR- 1 Return. So taxable value are different compared with GSTR-3B. So, I want to amend that invoice no because the details of 18 % Taxable value supplies are not available in GSTR-1. My question is that while amending that invoice. it is enough to fill only the 18 % taxable value supplies or both slab rate taxable supplies? Please give a valuable reply.

Read more at: https://www.caclubindia.com/experts/amendment-in-invoice-2690019.asp