Hello friends,
Whether ITC is available on GST paid u/s 9(3) i.e. on supply of goods or services specified by govt u/s 9(3)
Second, what is the due date of payment
Third, ITC available in the same month in which GST is paid under reverse charge

Does section 234E applies to 194IA ?

Dear Expert

Can we do Income Tax Audit and VAT(Maharashtra) audit for the FY 2016-17
and can we file return for the same??

Thanks in Advance

Read more at: https://www.caclubindia.com/experts/gst-rate-on-sub-contract-work-from-main-contractor-2631209.asp

I used to file ITR 4S for my relative since previous in 4S there was no separate column to declare turnover from the profession, I used to declare consolidated turnover in a single column which was designated as turnover u/s 44AD and I used to declare 25 % profit on turnover

Now previous year, also I followed the same procedure, after which AO initially sent an email to me which stated that there is a disparency in my ITR as in 26AS TDS is deducted for professional fees but I have not declared any professional fees in ITR, after which I closely studied ITR 4 of 17-18 and realized that in the ITR form 4 17-18 there is a special column for Presumptive income under 44ADA (Profession) in which I had not filled in anything

Now I have got email notice u/s 143 1 a and I have been asked in e proceedings to submit my reply to the proposed addition of income by AO since as per 26AS 86000 were my Gross receipts from profession which I didn't mention in the column Also, it is expected that i should revise my return

my question is should I reduce receipts from Trading and add it in professional receipts which is actually more than 86000 (around 600000 lakhs) so what should I do

option 1
add 86000 as professional receipts, keep trading gross receipts unchanged at 24 lakhs

option 2

add 600000 as professional receipts, change trading gross receipts to 19 lakhs

option 3

visit officer (may involve risk as my case may be highlighted before him)

option 4
you suggest please if any other option

Dear Sir,
iam confused on RCM, my query is that is RCM is fully exempt till 30.09.2018 or their are certain services or goods on which RCM is applicable?
if yes then if possible please provide that goods or service in which we have to pay rcm.
Thanks.

One Of My Client Had Turnover Rs-10600000 & Net Profit Rs-910000 (More than 8%). Then In this Case It is Compulsory to Get Books Of Account Audited U/s 44AB & Then File Return OR File Return Without audit (As Profit Is More Than 8% As Per 44AD ) . I Confused Please Guide me .

An assessee has sold residential flat along with furniture and he recieved sale consideration for Rs 75lakhs. he also received 25lakhs separately for interior and furniture. now what amount should we consider for sale consideration while computing capital gains.. document value is only for 75laKHS.. please advise me at the earliest..

I am practicing Chartered Accountant and have come to know that Banks get the ITR filed online/offline by applicants for loan, verified by a Chartered Accountant. Kindly guide me how a C.A. check the filed ITR and submits the report to the bank that whether the Copy of the ITR given by the applicant is geniune or fake.

Is Tax Audit Applicable to Co-operative Society which providing credit faciltiy to its members having total sale of services more than 2 Crore and also enjoying deduction u/s 80P(100% profit exempt) ?
If Its applicable then which audit report to file ?