Can we claim refund of job work charges like stiching and all in garments manufacturing company as it is the main expenses incurred by them while filing claim for refund on account of inverted duty structure
If EL are encashed on resignation, will it be exempt or is it exempt only at the time of retirement?
It is also mentioned that total exemption would be 25 lakhs from all employers, if it is supposed to be exempted only on retirement what's the point of words "all employers"
I had filed return for the financial year 2024-25 on 15th September 2025. I had paid the payable tax on the 15th but challan details were not generated. I had filed the return on the 15th September with the option of pay tax later as the challan details were not generated. Now the challan details are generated. I have not e verified my return yet. Where can I submit the details of this challan?
Sir
My client was paid RCM on payment of Foreign Agency Commission GST @ 18% during the month of March 2025. They applied refund on exports without payment of IGST for the said period inlcudes the RCM paid by cash and inputs available in the GSTR-2B. The central authorities issued SCN for the RCM paid not available in the GSTR-2B and restricted the refund deducting the RCM paid. We have submitted the supporting documents regarding the RCM payments. Please let me know any judgements or clarification favouring the assessee. Please clarify
Dear Members,
I am registered under GST, I have purchased new printer on which GST was charged & i exchanged old printer too so, my invoice value was reduced by value of old printer in market value as of today. My query is can i avail full GST paid on new value of printer or should i reduce it to proportion of old value of TV?
Please Help
Sir I want to know that what is the New Gst Tax rate for Zinc Sulphate 33% with HSN Code 28332990 earlier it was under 12% Tax rate
Dear Sir, for the A.Y. 2015-2016 and 2016-2017, the above subject notices were got setside based on the jurisdictional error. However, subsequenlty, Penalty orders are also uploaded in the portal. Do we have to do anything regarding such penalty orders, or automatically becomes in valid.
if 2 items are there in plant block,
opening wdv ac 5000
weighing scale 12000
total op. wdv 17000
AC is sold for just 1000 , , then what is journal entry?
my view- bank debit 1000
loss on sale of asset debit 4000
to ac credit 5000
so in books, closing wdv will be 17000 - 5000 = 13000
What will be income tax return?
op. wdv 17000
addition 0
less sale 1000
---------------------------
closing wdv 16000.
but in income tax closing wdv will be 16000.
my q --> in above case, both closing wdv in books vs income tax is different . Am i correct in closing wdv calcualtion? (assesse is partnership firm)
1 IN EAUITY ...INTR-DAY.........CAN BE TRATED AS ....SPECULATION LOSS ???
2 IN ITR...RETURN...SHOWAS UNDER.....BUSINES....SPECUALTION LOSS
3 IS IT C/F TO NEXT YEAR......
4 LOSS FIG....NOT ALLOWED IN ITR ????
5 IS SPECULATION...C/F TO ...HOW MANY YEARS
I AM DOUBTFUL.............
IF POSSIBEL....CLARIFY IN DETAILES
In case of trust how to treat Donation received in kind in 10BB and in ITR From which is not reported in From 10BD. Wheather it should be considered as coupus or other than corpus donation.
GST REFUND DUE TO INVERTED DUTY STRUCTURE