Can a person who is not registered in any pre - gst regime avail input tax credit in the closing stock with him as on 30th June . Provided also that he obtains registration in gst !!! what conditions are to be satisfied ??
dear experts, suppose, I am filling ITR from last 5 FY(all NIL return). If this year I decide not to file ITR. then what would be the consequences??? will IT department send notice???
I have filled my original return within due date then I discovered I forget to show some of my investment u/s80c. Can I file revised return or I need to rectify the return. If my original ITR is processed can I revised it because as per 139(5) return can be revised before completion of assessment.
What is difference between rectification and revised itr?
Suppose, My IGST liability for July is Rs. 38000 on sales And I had paid rent which consist of Rs. 21000, CGST & SGST each, which makes it total to Rs. 42000 Now, can I adjust my IGST liability on sales with my Input CGST & SGST on rent? Please note that Rent Receiver is registered and issues rent bill with calculations of CGST & IGST. Hence, I think RCM will not apply here
IF I AM APPLY FOR GST AFTER 30DAYS FROM LIABLE TO GST APPLY WHAT PENALTY LIABLE? IF YES COMPULSARY OR NOT
While i am trying to submit ITR-3, an error is generated stating "Please enter Taxable income after adjusting for min chargeable to tax" Any idea as to why this error is being generated & how to rectify this??
i am unemployed and also non taxpayer, i have register on e-filing portal for link my pan and aadhar card. i hear somewhere that link between pan and aadhar is mandatory for all even non taxpayer. so i register. but few days ago an email come from e-filing portal that i should fill return before 31st july,2017. but i am unemployed. how i file return. i am in very much tension. please give me some suggestion. i have only savings account , no fixed deposit.
If an unregistered retailer dealing in textile which was exempted on Vat crosses turnover 20 lakh on October-17 and opts to composite scheme, do he have to pay GST 5% on sales made from 1/7 to 30/9 as the tax was not paid on stock.
Sir,
cash deposit at time of cash demonetization is more than 2,10,000 lakh ( no intimation) so i required to file Income tax return.
Hello Sir
I want your expert advise on the matter.
My friend has sold his flat in May 2016 and purchased a Plot of land from the developer for which hew got the agreement in June 2016. The letter of allotment will be issued next month.
Can we take exemption u/s 54 of the income tax or not. If yes then what will be shown in return form.
Pl advise. I have to file return for the asstt yr 2017-18.
Regards
Input tax credit