I had started my business in January 2017 and my turnover till March 2017 was less than 1cr but I went for voluntary audit to avoid paying more tax. Now for the current financial year I have been deducting TDS of my sub contractors and have paid to the IT but I have not filed quarterly TDS returns for the first quarter. Now my query is Am I liable to deduct TDS and file quarterly returns??? And if not then can I claim TDS refund which I have already paid from IT department??? If yes then what is the procedure?? Please help
Hello Everyone,
I have a query relating to section 194da of income tax act 1961, while filing my income tax return , my Form 26 AS is showing TDS Deducted u/s 194DA for which TDS has been deducted @2% on the gross amount so received , i want to Know whether the amount is taxable under my hands or is it exempt , Please help
What will Happen if I Purchase Goods of HSN Code 8504 and sold goods Having HSN Code 8502. My Turnover is Less Than 1.5 crore.
In GSTR 2 we are adding BOE there are some information is asking, there is asking taxable value which is assessable value for IGST and IGST amount.
There is also asking Bill of Entry Value .... what value is it... is it Total challan value or something else..
Plz guide me.
Input taken in aug gstr 3b. Challan paid and expenses recoded in july of the books. What shoulc we do. show in july month gstr2 Or show the same in gstr2 of august month.
Is assessee's father-in-law's brother is his relative or not ??
Can we take re found (GST) input tax crediton real estate service .
A Courier Company has recovered from us (SGST @ 9% + CGST @ 9% = Total 18%) on their courier charges. How should we claim the said set-off @ 18% on courier charges in our GSTR-2 Return due date of which is 31st October 2017. Whatever we have paid on purchases to suppliers has been claimed in GSTR-2. Now remains pending GST paid on direct expenses and indirect expenses also. Please guide me and oblige. Yours tarique rizvi 982 1630 130
I had started my textile business in January 2017 and my turnover was less than 1cr. But I went for voluntary Audit. Now for the current financial year I have been deducting Tds from my subcontractors and have paid the TDS Amount to the IT till September but have not filed the quarterly returns of 1st quarter I.e (April - June). Now my query is am I liable to deduct Tds and file quarterly returns because my previous year turnover was less than 1cr?? If not then will my subcontractors be able to claim Tds refund which I have deducted till September and paid to IT?? Please help
Kindly tell me if my liability is always less than the ITC accumulated due to payment under reverse charge... Then what about that accumulated ITC.. IS THERE ANY REFUND PROCESS REGARDING IT IN GST REGIME.,?
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Query regarding tds