respected sir ,
whether transitional credit relates to central excise or cen-vat claimed and received on the stock of goods held on 01-07-2017. is to pass on to the costumers or not. if yes what is the benefit for taxable person.
thanking you

I have one Unit at Wester Line in Mumbai and let out the same Per Month Rent Rs.60,000/-.I living at Cetral line in mumbai on Rent and paying Rent Rs.40000 per month. So I request please guide me how to calculate my Income from House Property?

Dear Experts,

What ITC amounts has to be reversed u/s 16(2)(c) in GSTR 3B in Table 4(B)(2). As per the circular 170-02-2022-GST, Dt.06/07/2022 has to report the same from this month along with Section 16(2)(b) and Rule 37 and Credit Note reversals. Also Section 41 of CGST Act has not yet notified as substituted in Finance Act 2022 and also no mechanism has been introduced in this regard.

Please give your views in this regard.

I had applied for direct entry IPCC scheme in the year 2016 and started my 3 years aticleship on 25.03.2016 according to 3 years my articleship should complete on 27.03.2019 but to due excess leaves my articleship was extended till 06.08.2019. I had completed my extension also but not aware to submit extension form so I had not submitted my extension form. After completing extension period I submitted form 108 then later ICAi informed to submit form 107 I submitted form 107 after that ICAi had rejected the form & told me to submit submit stamp paper dated within 60 days from date of supplementary registration, daily work diary/attendance sheet,bank statement highlighting stipend details , condonation letter signed by principal and student along with form 107.

Note: Form 108 was submitted in the year Feb 2019 & form 108 was submitted in the year 2022 after 2 years of article ship.

I have all required documents like attendance register, Stephen details but as my article was completed in the year 2019 how can I get stamp paper within 60 days of supplementary commencement. I am not understanding what should I do please let me know what should I submit so I can get my completion certificate.

we have a godown on rent. godown owner not registered under gst. is there rcm to be paid by us on godown rent . if applicable then what is rate of rcm.

Sir/ Mam
1. STARKE INDUSTRIES has guest house on various location in India which is utilized for both guest as well as for employee. During the course of business, an employee has to visit other unit of STARKE INDUSTRIES to discharge official duty. In this case, accommodation/room is made available to employee subject to nominal charge and such charge is reimbursed by STARKE INDUSTRIES.

Query:- Whether such nominal charge should be subject to GST?

2. STARKE INDUSTRIES has guest house in which employee is residing due to non-availability of quarter in the colony and certain amount is recovered from employee.

Query:- Whether GST is levied on recovery of such amount?

3. STARKE INDUSTRIES deduct certain amount from bill on the account of liquidated damage. Liquidated damage is deducted either due to violation of contract conditions or lack of quality works or delay in works.

Query:- In light of circular 178/10/2022-GST dated 3rd August,2022, Whether Liquidated damage, on account of above mentioned, should be subject to GST?

4. Notice pay recovery is recovered due to shortfall in notice time in case of resignation.

Query:- Whether such recovery is subject to GST in line with above mentioned circular i.e. circular 178/10/2022-GST

Sir, My name is G. Sasidhar kumar, i want to know latest EPF Contributions (Employee and Employer) Please give the details.

G. Sasidhar Kumar
Hyderabad

SCHOOLS GETTING EXEMPTION U/S 10(23C)(iiiad). IN ITR-7 SCHOOLS SHOULD BE ENTER BALANCE SHEET FOR THE A.Y.2022-2023.

IS IT NECESSARY TO ENTER BALANCE SHEET

sir,
A Gst registered regular scheme dealer cancel of gst number w.e.f date :31-03-2022 and final return form-10 field. if dealer recently notice received from gst department reason for itc excess claimed previous years difference between gstr3b vs gstr2a/gstr2b years:18-19,19-20,20-21 and 21-22 years.
Question:
Dealer cancel of gst number after itc excess claimes notice show amount tax pay compulsory.

The Individual person drawing Gross Salary of Rs.795000/- Including HRA & Transport Allowance. He is residing in his own house.
Can he eligible to claim deduction in ITR of House Rent allowance u/s.10 (13A) & Transport Allowance u/s.10(14)(ii)