We purchaed goods and the seller issued us invoice on 15/9/2021 . The seller did not mentioned vehicle no in the invoice. The goods were delivered by eway bill on 20/9/2021 by vehicle. So what details are required to be mentioned on Invoice. Please explain requirements to be mentioned on invoice if invoice and eway bill date are not same.

DEAR SIR,

ONE OF MY CLIENT IS A COMPOSITION DEALER IN GST. HE IS ALSO A GOLD APPRAISER IN THE BANK. BANK PEOPLE ASK TO HIM PROVIDE GST NO FOR REFERENCES. NOW GOLD APPRAISER CHARGES IS LIABLE TO PAY GST. MY PROBLEM IS HE IS COMPOSITION DEALER AND PAYING @ 1% GST ON SALES ONLY. FROM THE APRIL 2021 TO SEP 2021 HE HAS PAY GST ON HIS SERVICES CHARGES. BECAUSE BANK PEOPLE CREDIT APPRAISER CHARGES INCLUDING WITH GST MEANS HIS COMMISSION IS 200+36 GST @ 18%= 236. SO GST COLLECTED FROM BANK CUSTOMER AND CREDIT HIS ACCOUNT. NOW HE HAS TO LIABLE TO PAY GST ON THAT. BUT HE IS A COMPOSITION DEALER. HOW HE CAN PAY GST @ 18% ON SERVICES.

PLEASE GUIDE ME HOW TO RESOLVE THIS PROBLEM HE HAS PAY GST ON ALL HIS OUTWARD SUPPLY AND SERVICE CHARGES

NEED YOUR VALUABLE REPLIES,

REGARDS

Dear experts,
Please clarify which of the following expneses are disallowed under section 43b,37 or any other section of income tax.
1.Interest on late payment of TDS
2.Interest on late payment of GST
3. Interest on late payment of PF, ESIC
4.Late filing fees of GST
5 Late filing fees of TDS

What is the permissible FDI limit regarding digital media?

Hi. I have a flat in Mumbai for which i have taken a loan and have been availing income tax rebate of rs 2 lakhs against the amount i pay as an interest for the loan. Now that i am transferred to different city, i am planning to put me flat on rent. Will i still be eligible for the interest part rebate in case the total interest paid is more than the rent i am getting in a f.y.?

Assessee is an AOP and having business income from providing of broadband distribution services on which TDS is being deducted by principal u/s 194JA. Can assessee opt for 44AD ? if not under which section assessee can file the return. Assessee doesnt want to go for audit.

Respected Experts, we give freight to local vehicles that have not issue consignment notes and individual freight value is more than 750/-.

Should we pay RCM on the above transactions?

Please advise

Rakesh Sharma

Dear Sir,

Is TDS applicable on total invoice value or Only professional charges ?? could you please share me the relevant section.


Professional charges - 1,00,000.00

Printing and photos expenses - 10,000.00

Invoice Total - 110,000.00

Respected Experts, we have sent some Raw material, value of Approx. 1.20 Lacs to a job worker through delivery challan & E-way Bill for further processing. He processed the goods as per our requirement, but his accountant has sent the goods from Delhi to Haryana only on their Tax Invoice basis i.e. R. 22,000/- We have demanded e waybill. But he denied it by saying he is working with this practice for several parties.

Sir, what will be the exact practice & procedure for the above transaction?

Kindly advise.

Rakesh Sharma

1. I have qualified CS from ICSI. So I am eligible for exemption for 3 Papers in CMA Inter as under
a) Group-1: Paper-7 and Paper-8
b) Group-2: Paper-12

2. Can I appear Group wise? i.e., Group-1 in first attempt and Group-2 in second attempt? In such case whether exemption is available or I have to appear both groups?

3. What will be the passing marks for clearing Paper?

4. E.g. in Group-1, there are 2 paper (rest 2 are exempted). How much I have to score to clear a group? If I secure 50% in one Paper and 35% in other paper, will I be exempted from paper in which I scored 50% and have to appear for only paper in which 35% is scored?

5. When should I apply for claiming exemption based on qualification?

6. Can I claim exemption from SAP, Microsoft and Soft skill Training?

Please guide on the above points