ABC Ltd, acting as travel agent, buys hotel rooms from various hotels and sells it to other registered agents located in other states. ABC Ltd will claim CGST and SGST charged by hotels. When ABC Ltd sells hotel rooms to other inter-state agents, whether it should charge CGST+SGST OR IGST? Where will be the place of supply in this case?

Self Assessment Tax not considered while processing ITR.

While processing my ITR, they didn't take into account my claim of payment of self assessment tax and have sent intimation under section 143(1) to pay that amount plus interest whereas I am supposed to get a refund! My self assessment tax is appearing in form 26AS as well.

I tried to do Rectification logging in to the site but there it is showing my processed data is not available for the AY when my ITR status is showing it is processed!

I filed a e-grievance. Do I need to do anything more? Please advise.

SIRS
WE WISH TO INFORM YOU THAT, BY MISTAKE THE OUTWARD SUPPLY MENTIONED IN GSTR-3B AS Rs.6,68,81,162.00 INSTEAD OF Rs.66,81,162/- . BUT MENTIONED IN GSTR-1 AS Rs.66,81,162/- CORRECT TURNOVER. PLEASE LET ME KNOW HOW TO RECTIFY IN THE ERROR.

PLEASE CONSIDER AND GIVE SUGGESTIONS.

REGARDS
S. RAVICHANDRAN
9566793688

If assesee is following Exclusive method for sales & Puchases

Examples :
net sales is 10 (shown in sales), Rs 2 (GST on sales) shown in duties & Taxes
net Purcahse is 9 (shown in purachses, GST credit on it of Rs 1.5 shown in Duties & Taxes

so net payable is 0.5 not paid till Tax Audit date

will Rs 0.5 disallow U/s 43B ??

A partnership firm incorporated during FY 2017-18 and having turnover of Rs.60,00,000/-

The net profit is Rs.-250,000/-

My Queries are:
1. Whether ITR 5 can be filed with loss without any audit or 44 AD?

2. Whether 44AD Audit is compulsory to declare the loss ?

3. If no audit is done, whether ITR can be filed u/s 44AD and declare the net loss ?

TIA.

Sir,

Can u pls guide me for tally entry on car loan through Bank, Includes car purchase and insurance

WHAT IS THE VALIDITY FOR AN I.T.C INVOICE?

what would be the difference between purchase and direct expenses for a hotel or restaurant ?

An Indian company has entered into Service Contract with an Associate Company in USA to provide online support and software support services to its onshore work in USA inorder to execute the offshore work.

Here service provided by Associate company is USA. End user of services is also in USA. Please advise in such case whether the Indian company need to pay service tax under reverse charge.

The Associate company is a registered company under usa laws and a independent entity. Only directors are common.

Thanks
Narendra

Indian Overseas Bank has credited to our NRO SB right amount of Interest on FDRS but deducted 10% TDS instead of 30%. In Form 16A and 26AS the Bank has stated much inflated interest paid to our NRO account and TDS
at 10% on regular interest credted our NRO SB a/c.
We fear that Incometax will assess us as per FORM 26AS for wrongly shown inflated imnterst as income and as well collected TDS on these inflated interest entry. The Br has has admitted the mistake and request higher ups to corerct this missmatch but several months passed. Please advice how to submit this mismatch interest.We had filed the NRI
Incometax return in time.
Please advice. Chhabil@hotmail.com