one of my client has filled his income tax return with nil tax payable/refundable. however after he receiving intimation u/s 143(1) he checked his form 26as and found that some deductor has deducted his tds which is clearly reflected in his form 26as. as he has taken corresponding income of related tds, hence he decide to file rectification u/s 154 because time for filing revised return has been elapsed. he claimed tds amount in the column "taxpayer is correcting tax credit mismatch data only" but after 2 month, he received rectification order u/s 154 in which his claim for tds credit has been totally denied and processed the return as same as original...now how he get his tds amount which is totally refundable????
here one thing is notable that he has salary income, which he clearly shown in his original return but tds is deducted by another deductor i.e. other than his employer however his income from salary is same in both form 26as as well as in his original income tax return..has this make any difference to get tds credit??

Can a private limited company having paid up share capital is required to prepare Cash Flow Statement.

Respected Sir / Madam,

I live in Faridabad, Haryana and I am working for a Canadian company as an Supply Chain consultant, I have
consulting contract with the Canadian company in INR, this company pays me fixed monthly fees
in INR, my total annual package is INR 15,00,000/-, I give services to clients of the Canadian
company located in all over India as well as abroad, type of services are ?Business support/Supply Chain
services?, I have following questions in regard to new GST regime:-

1. Since threshold limit has been increased up to 20Lakh, do i need to pay GST @
18% because my annual package is INR 15,00,000/-?

2. IS GST applicable on expenses incurred on behalf of the company like travel, hotel,
courier etc., I raise separate reimbursement invoice for actual amount spent on behalf of the
company attaching all the related bills and receipts, they transfer reimbursement amount in
separate reimbursement bank account in INR?

Please help by giving answers on the above doubts.

Best Regards,
Ashish Arora

What are specific disclosures that are required as per clause 13(f) of the revised Tax audit report. Is there any specimen report ?

Dear Sir,

We have made Tax invoice by giving below details :-

1) Item (GST Rate is 18%)
- Add : Freight
- Add : Packing Charges
- Add : TCS @1%
- Total Value included above Expenses & TCS
- Add : GST 18% on above all
- Grand Total

Is the above calculation is correct?

Please guide me.

Regards,

Rakesh Sharma

I HAVE ALREADY LATE FOR FILING OF GSTR3B, NOW WHAT PRECAUTIONS & CARE SHOULD BE TAKEN.

Dear sir,

Following service is exempt from GST :

Services provided by training providers (Project implementation agencies) under Deen Dayal Upadhyaya Grameen Kaushalya Yojana under the Ministry of Rural Development by way of offering skill or vocational training courses certified by National Council For Vocational Training

However if any registered person provides service to above (Eg renting premises to training providers above) , would there be GST applicable of the rent charged?

Please advice.

Dear Experts,

Should we show the below expenses also in returns. If we have to show, please guide me in which head :-
1) Salary, Wages, Director's Remuneration
2) ESI, PF of Employer Expenses
3) Expenses on which we have paid GST but not mentioned our GSTIN due to our in-awareness.
4) Diesel, Petrol, Charcoal

Please advise sir.

Regards,

Rakesh sharma

What will be the date of First AGM if a company incorporated on 15/02/2013 as the Date of closing of the first financial year - 31.03.2014?

Which Companies Act will be applicable 1956 or 2013 in the above case??

And how the first Auditor be appointed in the above case and in what time??

Please guide me on the above asap.

Dear Members,
The following error message is appearing while setoff liability in Form GSTR-3B.

Offset the CGST Credit completely before cross utilization SGST credit against IGST tax liability

Find below details of our liability & Credit available online.

Details of Liability
IGST 0.00

CGST 16,42,739.00

SGST 16,42,739.00
-


Details of ITC
IGST 26,17,538.00

CGST 8,73,318.57 ( Tran-1 credit of CGST 872996.57 include)

SGST 322.00

Please do the needful at your earliest.