Sir,
A Gst registered dealer business searching by gst department cash available balance as on searching date:5 lacs.
Question:
Cash available amount tax applicable in gst act.

Sir, can we adjust the un claimed ITC against the under declared liability, since the client fails to claim ITC of the year as well as not declared liability to the extent of said ITC i.e. the entries separately accounted due to some personal reasons and forgot disclose the same at the time of filing of GSTR3Bs

what to pass journal entry of loss or profit in the case of company books of accounts on 31st March.
Loss 5,00,000/-
Profit 10,00,000/-
can i pass journal entry
in the case of loss
Reserve and surplus Account Dr. 5,00,000
To Profit and Loss Account
In the case of Profit
Profit and Loss account Dr 10,00,00
to Reserve and surplus Account

ETDS RPU 4.0 RELEASED BY NSDL IS NOT VALIDATING THE ETDS FILE CORRECTIONS. FVU FILE IS GENERATED IN THE PATH BUT NOT FORM 27A. VALIDATE SUCCESSFULLY MESSAGE ALSO NOT COMING.

Banks in India open various accounts under Small savings Schemes like PPF, Sukanya Samridhi and Senior Citizen Scheme on behalf of Govt. In the Balance sheet of banks , where the balance in these schemes is shown by banks.

Regards

Dear Sir,

We are a manufacturing Company and we are filling our Monthly GSTR-1 & 3B regularly. We take only that Amount of ITC which is shown in GSTR-2B (monthly).
We are currently facing 4 situations, before filling GSTR-3B of March 2022, kindly assist me in that situations.
1) We have purchased some Iron Bars (Sariya) & Cement for Construction in our Company. ITC against such Bills were shown in GSTR-2B but we have not taken that ITC (Against Construction of Building) as that was ineligible ITC. Whether we are right in our approach & whether it is mandatory ti show ineligible ITC in GSTR-3B or not.

2) Before Filling of GSTR-3B of March 2022, we have Compiled GSTR-2B (Quarterly) with our books and we found that some Bills of F.Y. 2020-21 available for ITC in GSTR-2B in F.Y. 2021-22 but In F.Y. 2020-21 we have taken ITC in GSTR-3B as per GSTR-2A & we have already filled Annual Return of F.Y. 2020-21 in which ITC against such Bills were not claimed. Can we take ITC against such Bills now.

3) In F.Y. 2021-22, We have some Purchase Bills which are not found in GSTR-2B in F.Y. 2021-22 but Vendor is saying that they will show there Bills in F.Y. 2022-23, my question is when to take ITC of such Bills i.e., in March 2022 or April 2022 GSTR-3B and if ITC against that Bills were taken in April then, how to deal with Accounting of such Input GST.

4) At the time of Preparing Financial Statement we have to Tally our Credit Ledger and Whether Remaining balance of Input is to be added back to purchases or treat it as expenses. Please Clarify.

Can we file the updated return under section 139(8A) as introduced in Budget 2022 in Income tax portal now? Kindly advise.

Thanks in Advance

Hon'ble Members,
Under Amnesty Scheme 2022, I want to make payment against MVAT raised in Assessment order to the tune of Tax 3 Lakhs & interest 3Lakhs totaling to 6Lakh, in lumpsum option after waiver amount payable is shown in utility as 1.20 Lakhs (i.e. 20% on total arrears). Under Amnesty payment how should i disclose it 20% on 3Lakhs tax & interest separately or only under tax option. Please reply its confusing.

I have an STCG of Rs.16,000 from the sale of listed shares. However, my total income from all sources is Rs.1,40,000 which falls below the non-taxable limit of Rs.2,50,000. Whether I am liable to pay a tax of Rs.2,400 @15% on the STCG of Rs.16,000 or my tax liability is NIL due to my total income falling below the non-taxable limit?

I am seller selling my products on ecommerce sites like flipkart, amazond, meesho recently.

I understand that TCS of 1 percent will be deducted from payment, buy the ecommerce site is also deducting the GST on the basic amount of the product from me. In that case am i Liable to pay the gst and what sort of entry would i show in my tally as the gst for the product has not been collected by me.