Our GST Portal a/c credit ledger shows balance of rs 195369.For the month of August and the payable as per the liability tax shows rs 105260. Hope we need not pay anything for August. We have submitted our account but when we try to file it asks to clear the liability first rs.105260 without considering the credit of rs.195369. Please help me
Dear experts, When will the refund process under GST will begin... Suggest
I have received a notice from IT department for having filed defective return for AY 2017-18. The notice says: Error Code 86
As per Section 44AD(6) of the Income Tax Act, 1961, the provisions of Sec.44AD are not applicable to – (1) persons carrying on professions that are referred to in Sec.44AA(1), (2) persons earning income in the nature of commission or brokerage, and (3) persons carrying on any agency business.As seen from the return of income filed, the nature of business code mentioned is 00301 General commission Agents, which falls in the categories mentioned above. Hence, the provisions of Sec.44AD are not applicable, in your case.
Possible resolution: As the provisions of Section 44AD are not applicable, in your case, the claim of computing profits and gains of business on presumptive basis, under this special provision is not allowable. Hence, the above defect has to be corrected by way of computing the profits and gains of business under the normal provisions and not under Sec.44AD and offering the same.
I am a Contractor so I put 0505-Contractors-Others & 0301-General Commission Agents
And I got Defective return Error 86 due to 301-General commission Agents.
Now I want to remove 301-General commission Agents as I have no Income under this nature, actually I left commission work 3years back after that to till date I have no income from this.
As I have file ITR4 for Assmnt year 17-18
and also shows income of 6% of gross receipt as digital transaction income.
NOW I could not able to change to itr3 as if I file itr3 than I have to do audit of business.
Please help and suggest what should I do.
Why are gst of september late fee show of 4800?
Dear Sir,
Late filing fees for August-2017 (Return filed on 26.9.17) Rs.1400/-
How to Set Off/Off Set against ITC Balance.
Please advise the same
Thanks & regards
NK
Hi, gst rates on movie ticket price is less than Rs. 100 @ 18% more than that @ 28%. Q. whether Rs. 100 is inclusive of tax or tax is to be charge on Rs. 100?
Whether a Wooden Furniture maker selling same product after manufacturing at its own place will fall under 2% as Manufacturer or 1% as Trader under Composition Scheme.
Thanks in advance
Whether penalty for late filing of GSTR 3B for August 2017 was waived?? i filed return after due date for august and penalty for last month is being charged while filing GSTR 3B for september
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
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Without effect itc and shows tax liability