In terms of Covid Relief in rate of interest was given by GST.
For February 20 total liability payable was Rs.35,42,354/-
of which Rs.28,00,000/- was paid on 24.04.20 and balance Rs.7,42,354/- was paid on 30.05.20.
As per notification no Interest was payable till 04.04.20. 9% was payable for payments between 05.04.20 to 24.06.20 and 18% from 25.06.20

For March 20 total liability payable was Rs.60,05,265/-
of which Rs.25,00,000/- was paid on 10.06.20 and balance Rs.35,05,265/- was paid on 27.07.20
As per notification no Interest was payable till 05.05.20. 9% was payable for payments between 06.05.20 to 24.06.20 and 18% from 25.06.20

My question is total interest payable will be how much month wise ?

We are selling Sarees online which attracts 5% GST, we are thinking of enabling the "Gift box" option where customer can choose that if they want to gift wrap the product.

We need to know the % for the Gift box (Carton box), and the % on shipping charges.

If Gift box attracts 18%, then Shipping attracts 18% or 5% (saree %)?

Hi,

We have received a notice from Income Tax Department to file ITR u/s 144, but in login tab they have not giving option to file ITR u/s 144. How can we file the same. Please suggest.

Hi all,
Could you pls help me for do comment on
Debt/PBDIT-0.22 in FY.21 & 2.61 in FY22
Current Ratio is 2.07 in FY 21 & 1.54 in FY 22
PBDIT / NET SALES (%) -13.97% in FY 21 17.98% in FY 22
NET PROFIT / NET SALES (%)-12.78% in FY 21 & 12.79% in FY 22
CASH PROFIT / NET SALES (%)- 14.23% in FY 21 & 13.52% in FY 22.
DSCR-9.19 in FY 21 & 12.06 in FY 22
PBDIT-9.02 in FY 21 & 16.04 in FY 22
Interest Cov Ratio-39.22 in FY 21 & 32.08 in FY 22

When repairs is done on benches of school , should be capitalized or expensed out?

Please explain IDV & WDV. vehicle (Bus) insurance calculation on IDV value /WDV Value?

IF ACKNOWLEDGEMENT CERTIFCATE IS REACHED AFTER DUE DATE AND CONDONATION REQUEST IS ALSO NOT AVAILABLE IN PORTAL.
SO WHAT IS THE SOLUTION FOR VERFICATION OF RETURN?

Can we issue gst invoice to registered dealer as unregistered dealer as requested by the dealer without the issuance of eway bill? Please clarify?

one of the buyer is sending our goods as Sales return. He is issuing e way bill but denying to mention the gst in e way bill. He is saying i will mention in delivery challan only and not in e way bill.
is he correct? we have sold goods with gst

sir;
AO has made some additions in his assessment order us 143(3). Later on CIT(A) directed that additions shall be deleted by AO & pass the order in favour of assessee.
I have a doubts
1. since it's faceless assessment; AO will rectify or give effect to his original order on its own ? or we have to make an application to AO to give effect ? if yes; Since this is faceless assessment how to make an application to AO. ? or shall we made an application to jurisdictional AO ?. There is any such option available on portal? plz reply thanx