Hello experts!
I hope you all are having a great day.

My query is regarding the Multi-GSTIN feature that is made available in the latest version of Tally Prime 3.0.

My firm has three registrations in total (3 states x 1 registration each). One GSTIN (Haryana) is the major one where most of the work is handled (sale/purchases/expenses) and other two state GSTINs are for sales (branch transfer purchases and sales) only.

After this recent tally change, I merged the two minor GSTIN data in the Haryana tally company but now my CA is telling me to de-merge/separate the books again and have asked me to keep the books separate only. He informed me that it is mandatory to maintain separate books at each GSTIN location and this consolidation is not legal/allowed in GST laws.

I know that I shouldn't generally doubt our CAs but demerging and maintaining separate companies is a big ask since we have frequent purchases with new items almost everyday, so maintaining the stock items with correct settings becomes labor and time intensive job (this was one of the main reason that I merged the data in the first place) and also we will soon be expanding to new states, so will have to create and maintain even more tally companies.

So, I just need a re-assurance from experts here about whether our CA is correct and if in extreme case, he is misinformed on this topic, what can I inform him/refer to him to read about it to find out the best case scenario to book keeping.

Thank you so much for reading my query!
Warm Regards
Pushkar

Dear Colleagues ,
A client has received the following services from Shopify Commerce Singapore Pte. Ltd:
1)Apps 2)Transaction fees 3) subscription
All these fall under the HSN 998315 - Hosting and information technology (IT) infrastructure provisioning services.
This entity is registered as an Non resident Online service provider with the GST department.
These transactions would be liable for RCM as the service recipient is a registered entity.

If we deduct TDS then we would be liable to pay 20.8% as no PAN is available . In case TDS is applicable but we are disallowing then we have to disallow 100%.
My question is whether TDS would apply for the said transaction.
(As per my understanding shopify does not have PE in India)

Dear Sir/Madam,

Currently TDS @ 10% is levied on management fees charged across AIF funds by the investment manager.
Section 194J covers TDS on Professional (@10%) or Technical Fees (@2%). As per our understanding, The term "professional services" typically refers to services provided by professionals like lawyers, doctors, accountants, engineers, architects, etc and "Technical services" usually encompass services related to the development, use, or transfer of technical knowledge or information .
Accordingly, Kindly suggest whether above service would fall under the purview of technical fees or any other relevant section of TDS you deem fit.
Do let us know in case of any clarification required.

In A.Y. 2022-23 return filed within due to assesses having loss . In A.Y. 2023-24 Also assesses having loss but return not filed in time.

Q1). Loss for the year A.Y. 2022-23 we can carry forward as we have filed return in time and loss of A.Y. 23-24 can not be carry forward as return is not filed within due date.

Dear Experts,
Greetings!
In preceding financial year (i.e., FY 2022-23) our client has no turnover, but there is a receipt of share capital Rs.28Crores and Fixed deposit receipts Rs.48Crores during FY 2022-23
During FY 2023-24 my purchase value of Fixed assets from particular vendor exceeds Rs.3 Crores.
Can any one guide me whether 194Q is applicable for fixed assets purchased during the FY 2023-24 ?

In TCS return it is asking "Whether deductee opting out of taxation regime u/s 115BAC (1A)? (Y/N) ".How will i know that what deductee will choose.Please guide me what should i do in TCS return

Sir,
A registered composite scheme dealer composite returns CMP -08 filed up to 22(21-22).if gst department notice issued details mentioned below for returns non filed period best of judgement based
April to June-22 rs :10 lacs turnover
July to sep-22 rs:10 lacs turnover
Oct to Dec-22 rs:10 lacs turnover
Jan to March-23 rs:10 lacs turnover
April to june-23 rs:10 lacs turnover
Question:
Dealer composite returns non filed period actually sales turnover of notice mentioned turnover show correct procedure.

Respected Experts,

1) Our Turnover for FY22-23 is 439 lakhs. This year for 6 months it is 260. Hope we may achieve 500 above turnover by year end in FY23-24. Do we have to start e-invoice this year or next year in FY24-25?.

2) If next year (FY24-25) turnover not goes as expected and becomes lesser than 500 lakhs, then do we have choice to opt out of e-invoicing for FY24-25?

In case the trust (medical institution) has been registered under sec.10(23C)(via) having total income exceeding Rs.5 crores, then which form applicable whether Form 10B or Form 10BB ?
And please clarify the total income without giving effect to sec.10(23C)(iv)(v)(via) means, how to calculate the total income for the purpose of selection of respective Forms.

I'm concerned if our WHT was deducted by a foreign entity under the DTAA agreement.
The amount of WHT is greater than our company's income tax liability.
Can someone clarify whether our company is eligible for a WHT refund, or whether we will get an income tax refund in India or not ?