TDS under section 194A require to deduct on Taxable value or GST portion also, Please reply.

whether in the case of Loss ( In the case of Companies /Firms) No need to make provision of Income Tax.

Dear Sir,

I have a client who has a Private Limited company and having turnover of Rs. 27 crores and have transactions in Bank of around 10,000 entries.

I want to know if I am writing his entire accounts in Tally along with doing GST reconciliation what should be the minimum amount I must charge from him as my accounts writing charges except Tax audit.

Please help me in this matter.

Regards,
Divyesh Jain

Our co has purchased material from mr A but actual goods are not received and mr A asks our ourganisation to sell back its goods with 5% margin..
And our co has recorded this 5% margin as income (neither it recorded purchase nor recorded sale) now the question how the gst will be recorded on this margin as output gst aur input gst is to be lower down?

Dear Sir,
We have exported in the Financial Year 2019-20 & 2020-21 with payment of IGST. Previously, we were getting refund automatically . From the above Financial Year we are not getting IGST refunds.
What procedure to be adopted to get these refunds for the GST Department, please clarify.

We are issuing the Work orders and PO' s to our Vendors by mentioning PRS Clause(Price Reduction Schedule) which is applicable to impose a penalty if any for the delay in execution of the awarded Job or supply. In one of the cases, Our vendor has supplied the material in which there is a delay has occurred and we asked him to provide the Credit note towards the delay amount but he has not agreed and did not provide the CRN. we have processed the bill and made the payment by holding the PRS amount. Even after several reminders also he has not served the CRN. Now we want to close the issue by crediting our Expense GL. This issue is 2 years old and we have taken the ITC for the full amount of GST paid against the Actual Invoice in the year of payment made.
it is requested to kindly suggest if we credit the amount to our expenses GL, what will be the GST issue arise? Can we make the GST payment against the Credit amount in this year?
Pl. advise.

section 11(1) states 15% of income. income means receipts or net after dedction of application of receipts?
i feel, income means after exps not after application.
for example which is correct ?
rs. 100 gross receipts,
rs. 15 exempted
rs. 85
less rs.60 spent
so rs. 25 is taxable
OR IS IT BELOW?:-
100 Rs. received, 60Rs. spent, so 40 and reduce 15% of 40 = 12- 28 is taxable?
IS 25 TAXABLEOR RS.28 TAXABLE ABOVE>?
I FEEL 25 IS TAXABLE.

we are Gujarat based entity. Gujarat Government has given well cleaning work contract to Tamil Nadu based company. We are working on sub-contract for that Tamil Nadu based company. We are providing well cleaning service. Wells are situated at Gujarat only. Sir, I have doubt that whether we have to charge CGST/SGST or IGST? Further we had charged IGST till today and if CGST/SGST is to be charged whether we have to pay tax along with interest and penalty?

u/s 194Q if we are paying supplier after deducting discount for timely payment then TDS is to be deducted on gross amount or net amount i.e after discount?

We have a material handling and transport contract. We are principal contractor. We purchased diesel from IOCL and issued to sub contractor on recovery basis. We paid VAT to IOCL. We have debited to sub contractor exactly actual cost of diesel as per IOCL invoice. Does this debit note attracts further GST Or VAT?