Dear Sir/Madam,

Can a composite supplier (where service is primary and goods is secondary element) opt for composition scheme and pay tax at 6%?

6% because primary element of supply is services and goods are provided as a part of it. And it is not possible to provide service without goods component and hence 6% instead of 1%.

Regards,

We are providing GTS service in FY 2022-23 in Reverse Charges now in FY 2023-24 we are going in forward charges but service recevier informed 1% reducation in freight rate being Forward charges this is liable.

From L D.Dharmadhikari

माल परिवहन एजेंसी Annexure-V फ़ाइल करने की समाप्ति दिनांक 15/03/2023 थी पर बहुत करदाता ने Annexure-V फ़ाइल नहीं कर पाए

Sir,

In march 19,2023 ,i have paid fine of Rs1.64lak in for fy 2018-19 for gstr 9.
Today govt launch amnesty schemed to file gstr 9 only for RS20k.

Is there any way to get refund of my huge amount to fine.

How to Make journal entry of Buy Back of shares.

How to make journal entry of Profit received by a partner from partnership firm in his books of accounts.
And also Dividend received from Pvt. Ltd. Company ( Not listed) How to make journal entry of his books of accounts.

Sir, I need guide on Reimbursement of Expenses to Employee.

My Client reimburse Travelling, food, Hotel expenses to their marketing employees. However, this expenses are not a part of employee CTC. But, the amount is credited into employees bank account.

So, whether the same amount shall be included while calculating TDS on Salary ?

Dear Sir,
We are a manufacturing Company, recently we have entered into some transactions (Purchase) with a new vendor, the new vendor is registered in the month of March 2023 in gst.
Now, we want to know whether we can take input of bills given by that vendor in our march gst return or not.
Kindly resolve this query at the earliest.

While filling form 26QB, should the "Total Stamp Duty Value of the Property" be divided amongst buyers as the case with "Total Value of Consideration"?
To explain, consider the total value of the property is 1.2Cr and there are two buyers.

While filling up form 26QB, as per my understanding each buyer must report 60L as the "Total Value of Consideration", but the question is, should each buyer report 60L each as "Total Stamp Duty Value of the Property"?

The problem is that, if 60L is reported as the "Total Value of Consideration" and 1.2Cr as the "Total Stamp Duty Value" then the form errors out with the message "TDS Amount entered is incorrect" as in this case, the TDS amount per buyer comes out as 1.2L each whereas it should come as 60K each.

If I chose 60L as both "Total Value of COnsideration" and "Total Stamp Duty Value", then the form let's me proceed ahead.

Is selecting 60L for both the values correct?

Please advise.

We are registered GST company taking contracts from dealers to provide transportation services by road for their goods. We utilize GTA service providers to provide such transportation services who raise invoices on our company basis RCM which we pay and take input credit. We invoice to the dealers under RCM based on the contracts and they pay the GST on RCM basis. Due to this the inputs in the GST credit ledger is accumulating as we are paying GST under RCM to the GTA service providers and taking input credit while our customers are paying the GST under RCM for the invoices we raise on them.

Please advise if this is the correct way of invoicing and not what is the right way to invoice such transactions.