Sir,
Sec 44ada it returns filed person purchase of fixed assets value in cash mode f.y.19-20 .but assess depreciation not claimed in f.y.19-20.
Query:
Assess current f.y.20-21 above mentioned cash mode purchase fixed assets value depreciation claimed allowed in it act.

GST deptt has sent a SCN for GST registration with following queries
1. Principal Place of Business - Document Upload - Others (Please specify) - 1. Submitted patta (lease deed by Govt) is only for residential purpose, please submit conversation letter for business uses from patta issuing authority.

2. As per allotment letter, the rented premises occupied by a single person whereas the rent agreement has been executed by two persons.

Pl suggest what to do in that case as earlier in many cases GST registration was given with residential address.

Is new criteria for classification of Non-company Entities is applicable to LLP?

Section 269T provides that any loan or deposit shall not be paid by any person otherwise than by an account payee cheque or account payee bank draft

if a lender given loan to a person but due to death of lender (loan given party). could his loan amount transferred to in the name of his son through journal entry in the books of account of borrower party..

Can an accountant who is not a final CA sign the projected estimated balance sheet ?

Dear Experts,
We are liable for e invoicing but due to some reasons not done the same for April 2021, May 2021 and issuing the invoices to customers with accounting software only.
How we can report those invoices on e invoice portal now ?? We have not file our GST returns for April 2021 & May 2021.
Please suggest on the same.

Is exemption u/s 54 applicable on sale of land (owned for residential purpose), will invest the money within one year in new residential property

One of my client is running Takeaway restaurant in Mumbai Suburban area. They started their business in Nov 2019. It is selling dishes independently as well as through swiggy.
Turnover has not exceeded the maximum limit either from independent sale or from sale through Swiggy or in aggregate.
At the time of starting business, Restaurant had to get register itself under GST. Because it was Mandatory requirement to become Swiggy Partner.
It started collecting GST @5% on Independent sale from the day one itself .
In case of sale through Swiggy : Swiggy sells dishes on behalf of Restaurant and collects proceeds from customers (but they do not collect GST from customer). Such proceeds are paid to Restaurant after deducting Commission + GST for using E- platform. Also Swiggy is collecting TCS while making payment of proceeds to Restaurant
Now I have following questions :
1) Is it responsibility of Swiggy to collect GST from end customers and pay to Govt.?
2) If Swiggy is not collecting GST then is it necessary that Restaurant should add GST component in value of dish?
3) In case of Independent sale, Is it necessary to collect GST from customers ?
4) Merely because Restaurant is register under GST, is it necessary to collect GST from customer even though turnover limit has not exceeded the limit?
Kindly answer with relevant sections applicable if any.

One question related to blanket overhead rate ....
Assume there are two departments , dept. A ( absorbing overheads on Direct material cost basis) and dept. B ( absorbing overheads on direct labour cost basis). Is it possible to divide *total overheads of entire factory* by the *SUM of DM cost of dept A and DL cost of dept B* to get blanket overhead rate ? If not, why not ?

Respected sir,
Greetings of the day,
Kindly let me know wether hsn wise summary has to be updated mandatorily in GSTR1 filling.

Regads
Renuka