Our company is under the output tax liability of zero rated to domestic and also export sales . And our products are come under Animal Nutrition. And we have output tax liability of Rcm. If there is any chance for refund this output tax liability of RCM

MY TURNOVER A.Y. 2025-26 RS. 23838491 AND PROFIT RS. 617457 TOTAL CASH PAYMENT EXCEEDING 5% OF TOTAL PAYMENT WHICH CLAUSE OF AUDIT APPLY TO ME Clause 44AB(a)- Total sales/turnover/gross receipts of business exceeding specified limits OR Clause 44AB(a)- Proviso where cash receipts and cash payments do not exceed the specified percentage of total transactions, but the turnover exceeds the specified limit I OPTED FOR 44AD DURING A.Y. 2023-24

Dear Experts,

One of our clients entered into a Joint Development Agreement (JDA) with a builder during FY 2022-23. As per Section 45(5A) of the Income-tax Act, the capital gains arising under a registered JDA are taxable in the year in which the completion certificate is issued. In this case, the completion certificate was issued in FY 2024-25. However, since the JDA was not registered, the benefit of Section 45(5A) may not be available. The capital gains were also not offered to tax in FY 2022-23, the year in which the agreement was executed.

We would like to seek your guidance on the appropriate course of action in such a situation. Should the capital gains be offered to tax in FY 2024-25, or would it be necessary to file an updated return for FY 2022-23. We look forward to your valuable inputs on this matter..

IN F.Y.2019-20 MONTH JUNE GST-1 SUBMITED CORRECTLY BUT IN 3B DURING MANUAL DATA INPUT, GST TOTAL SALES INCREASE DURING THIS GSTR 3B RETURN. SO TOTAL SALES INCREASE BUT NOT TAXABLE SALES INCREASE. IN SCRUTINY SEC 17(2) ITC REVERS , ALTHOUGH THIS IS A TRADING BUSINESS & NO COMMON CREDIT UTILISED. APPEAL IT . ANY CASE LAW REGARDING THIS OR HOW TO DEFEND IT.

Respected sir,
i have filed my gstr-1 and due to mistake invoice no of all party has been changed.please advice me what to do?do i correct invoice no through amend dent or any other option

Sir,

We have issued a invoice name like modi rubber but gst number mentioned in invoice other party i.e his sister concern mode distributor due to oversight mistake .
we have received payment from modi rubber.
Already e invoice and e way bill generated and almost 10 days happened

How to rectify above mistake to correct, shall i issue a credit note for above wrong gst number i.e mode distributor and a issue a debit note for mode rubber.

Please guide

Thanks & Regards
sanjay

The firm/individual is neither our customer nor our supplier. But he has raised a credit note against us. This was reflected in our porta. Now what to do?

Additional depreciation @20% for plant & machinery acquired during the year is allowed for a company engaged in manufacturing activity. Please help how to include such additional depreciation in Clause18 of Form 3CD?

sir, after due approval, legal heir successfully filed ITR of her deceased husband giving savings bank account number of deceased which was inadvertantly already closed by them. It is quite imminent that said refund is going to be failure as no bank account exists. In such cases what course is available to legal heir to receive the due amount of refund. pl advice.
vijay kulkarni
solapur.

Shipping Bill of Oct 2024 Duty Drawback and Rodtep not Received custom superintendent has raised query, where to reply on Icegate portal, kindly guide i have searched everywhere in icegate login

Regards
Vipul