Sir,

Our company want to transfer fund for the sister concern in uk as investment and the company in uk will use theese fund naf transfer the earning to us.. Need to know any DTAA with Uk Or how mch tax need to be collected to avoid taxability there.. Pls help

Mrs. Shalini is a retired Government employee. She was born on 01.04.1942 in India. She is residing in
Delhi. She stayed with her elder son Mr. Nakul from 1
st May, 2021 to 15
th October, 2021, who is residing
in Australia. She stayed in India for 361 days during the 4 previous years preceding the previous year
2021-22. During the previous year 2021-22, pension of ` 7,15,461 is credited in her account with State
Bank of India, Uttam Nagar Branch, Delhi after deducting tax at source of ` 14,565. She received
interest of ` 4,352 on her saving A/c with SBI during the previous year 2021-22. She also received
interest of ` 67,500 on Fixed Deposits with Canara Bank in the month of April, 2021.
calculate her gross total income

We received a orders from outside India but goods shall be delivered within India and payment will be receivable through Foreign exchange

Our Question is :-
1) whether transaction shall be treated as export or domestic transaction ?
2) GST applicable in the above case?
3) If GST applicable then we will make 02(two) Invoice i.e Commercial Invoice & Indian Invoice ??

As per income tax Act and Rules every individual buying residential/commercial property from NRI has to mandatorily deduct tax at source. In case of buying from NRI obtaining a TAN is mandatory. In the case under reference the buyer is an individual and a salaried employee. Just for one transaction the buyer will have to take a TAN and start filing TDS returns. Is there a way out or solution to this? Need expert advise please

genuinely a debtor is not going to pay . its outstanding since 5 years.
36(i)(viia) doesnt allow provision for bad debts, but actual bad debts can be w/off right in itr?

Applied for voluntary GST registration on 10th Feb 2023, in the registration application mentioned date of commencement of business w.e.f. 1st Jan 2023. is the application with in 30 days provision of sec 25(1) applies in case of voluntary registration.
Is there any relevance of date of commencement of business in case of voluntary registration?

Respected Sir/ Madam,
I have sold scrap on high sea sales in the month of march (Highseas Sales is a non-GST item) and in month of June when goods were still on high seas, I issued a credit note to cancel the sales.
Now I have made a mistake in that, credit note is shown as a negative figure in the month of June in GSTR-1. As GSTR-3B is not considering negative figures the same is not shown in 3B. Now my question is how to resolve this issue, should I deduct the amount of taxable income or should I show it in GSTR 9C?

Sir,

One of my client was proposed to deal in trading of laminated plywood. But, the client does not have its own processing division for the same. But in the near locality, there was one or more processing unit doing laminated coating to plywood. The processing unit does not have the laminated coating material as required for our specification. So, we have to purchase the laminated material from the supplier and store the same in the client own factory and send to the processing unit as and when necessary. The correct process flow was that our client have to send the coating material to the processing unit, the have to apply the coating process to the plywood in their custody and deliver the laminated plywood to the client by GST invoice. Whether the transfer of coating material to the processing united regarded as job work under GST?. Whether I have to send the coating material to the processing unit by GST invoice or delivery challan?.

Hi Sir/Madam,

After purchasing of the stock our supplier issues the schemes on sale like Rs.1000/- or 2000/- on each product. They had given 8% margin at the time of invoicing and the same margin 8% has deducted in issuing the credit note.
For example:
Market Operating Price: 9999
Basic Price: 8928
Margin 8% : 714
Invoice Price is ( 9999-714 ) = 9285 ( inclusive of gst)

Scheme issued 1000/- for each product then the calculation as given under
Scheme amount = 1000
Basic : 847.45
Margin 8% : 67.79
Credit not given : 932 ( 1000-67.79) inclusive of gst

Target linked credit note: They said you achieve the target on purchase then get additional 1%
calculation as under.
Total Purchase : 1,00,00,000 (Incl.Gst)
Base value :84,74,576/-
Gst @ 18% : 15,25,423/-
1% Calculated on Base value : 84,745/-
They are given the credit note 84,745/- inclusive of gst

Please suggest the above calculation is correct....

Any one please
If company did not withdrawn the cash from bank has it impact in accounts?
How to book expenses?