Mr. A having residential property, not registered under GST let out residential property for Business purpose to M/S ABC (Partnership Firm) registered under GST. Further M/S ABC (Partnership Firm) registered under GST let out this residential property for Business Purpose to BCD (Private Limited Company).

As per my view, in above case M/S ABC (Partnership Firm) is liable to pay GST under RCM and avail the ITC for the same. It is right or wrong?

Can M/S ABC (Partnership Firm) charge GST on forward charge mechanism or BCD (Private Limited Company) liable to pay GST under RCM?

Thanks a lot. Some further queries arise.
1 She is an Indian origin American citizen living in India. Will she be treated as NRI?
2 She has been Indian resident all along. Differences in counting of FY in two countries made this happen
3.How her purchase of RBI 7year taxable bonds bought as Indian citizen to be treated. Will it be same as for PPF explained by you in previous query.
Sorry for bothering you,
S C Goswami

When i do reporting in the currency chest audit by mistake not verified is there how i solve this

We can take Sales receipt in Partners personal account

How can I prepare CMA data for bank loan for a firm which is applying for the loan for its establishment?

R/sir/madam

We have sold the coal to a manufacturing unit against Form 27C and no TCS charged in Invoice.
In this case any liability arise for TDS U/s 194Q or any other section of buyer or supplier.

Thanks to all experts

what are Accounting group of Mutual Fund and tax treatment .

We have received Notice u/s 133 (6) of IT Act for submitting response in Compliance Portal. Since the necessary documents required for submitting against the Notice is in preparation we are unable to provide response in due time. If it can help, we would like to know the procedure for Adjourning the submission of response in compliance portal.

Thanks for the prompt reply to my query of 1st December regarding above noted subject. I have the following consequential questions.
1 she is to be shown as resident. But is there a column for indicating citizenship where she can be shown as American citizen?
2 What needs to be done to her PPF and & year RBI bonds purchased in2021?Can these be carried through maturity.
Thanks,
S C Goswami

Dear Sir,

I want to know what is the maximum amount that can be withdrawn and deposited in the bank during a day or in one financial year incase of an individual so that it does not come under Income tax scrutiny.

Also what is the limit incase of Pvt Ltd company.

Please advise.

Regards,
Divyesh Jain