Dear sir,
While reconciling the GST input credit, we have found that some of credit we have not availed.
Please advise whether we can avail the credit during the year 2018-19

Please reply back
Thanks

Dear all, i have a query regarding applicability of Sec.269ST to Life Insurance Corporation, the section speaks as follows,
"No person shall receive an amount of two lakh rupees or more—

(a) in aggregate from a person in a day; or
(b) in respect of a single transaction; or
(c) in respect of transactions relating to one event or occasion from a person,
otherwise than by an account payee cheque or an account payee bank draft or use of electronic clearing system through a bank account,
Provided that the provisions of this section shall not apply to—

(i) any receipt by—
(a) Government;
(b) any banking company, post office savings bank or co-operative bank;
(ii) transactions of the nature referred to in section 269SS;
(iii) such other persons or class of persons or receipts, which the Central Government may, by notification in the Official Gazette, specify",
So, no where it is mentioned about applicability of Sec.269ST, where in It clearly specifies that Sec.269SS is not applicable to corporations enacted by cenre, state or Local authorities,
hence dear experts, please clarify me whether LIC can accept cash more than or equal to Rs.2,00,000/-.

Sir,
I had normally filed my ITR-1 for AY 2017-18 for a tax refund of Rs 170/-. The AO made a mistake and adjusted the tax refund against an old tax demand of Rs 528/- pertaining to AY 2009-10( which was already paid and was already visible in FORM 26AS of AY 2009-10). I immediately filed rectification request with the facts. But when no reply comes even after months, I filed a query for AO. No answer for a month, I files another query to AO for correcting the maistake and paying me the refund after processing the rectification request pending. Then I get a mail message from ITO, Ward 68(2) informing that the tax demand of Rs 528/- has been cancelled, but no refund was send. In fact the demand was made 0, but the adjustment of tax refund against the wrong demand was not corrected. I again send query pointing out the mistake and request for refund. The query was forwarded to CPC, saying that they will give refund. But CPC replies that there is no refund due ( since adjustment was not corrected by AO). I spoke to CPC, and they said refund will be sent by ITO. I again raises a query, and again ITO forwards to CPC, and they again reply that no refund is due.
Sir, please guide me what should I do now. Should I file another rectification or contact whom for refund.
With Regards,
S K KAUSHIK
KAUSHIKSKMK@GMAIL.COM

I have provided service to overseas and i have paid igst from my pocket and mentioned in GSTR-3B Under Outward taxble supplies(other than zero rated, nil rated and exempted).Now,how to get refund of that amount and Is there any requirement for applying for Letter of Undertaking(LUT)

Respected Sir/Madam,
Is there any need of Contract between Contractor and Contractee to deduct TDS u/s 194C?
Is it Mandatory to have a Contract, or we can deduct TDS without making any contract also?

Dear Sir ,
If we sell goods suppose 1000 kgs and our Buyer returns 150 kgs due to any reasion . Rate per Kg is Rs.1000/-.
In this case who will issue e-way bill for return goods . Buyer Or Seller ?? If Buyer will issue then as" other" or any other head . Because I dint find Purchase retrun option on way bill home page.


Pls advise

Dear Experts, My client is a co Founder in Pvt Ltd Co and investing 20% Equity Shares. He is drawing salary from the above company. Recently he plan to purchase house with Bank Loans and submitted his IT Returns. Bank people asks to submit Statement of Income, Balance Sheet, profit & Loss Account for the past 3 Years. Here my query is he is drawing salary for that I filed only ITR1 No Balance Sheet & Profit & Loss Account. Is it mandatory to Prepare & submit the Balance Sheet & Profit & Loss Account. If yes how please guide me in this regard. Thanks in Advance.

Normal Tax rates applicable to a domestic company
[As amended by Finance Act, 2018]
A domestic company is taxed at a flat rate of 30%. However, tax rate is 25% where turnover or
the gross receipt of the company in the previous year 2016-17 doesn't exceed Rs. 250 crore.
Apart from tax @ 30% or 25%, as the case may be, Health and Education Cess is levied @ 4%
of income-tax.

My query is this if company incorporated in F.Y 2018-19 then tax rate of 25 % can apply or not?

For deducting TDS under 194C , agreement between contractor and contractee is mandatory?

Dear Experts

I have applied for a home loan and the bank asked my last three-year ITR, which were not filed by me due my last three-year income are Rs 206129/- (AY2016-17), 225902 (AY2017-18) and Rs253010/- (AY 2018-19).

Please let me know that returns of AY 2016-17 and AY 2017-18 can be filed and which section???

Best Regards