Mr Basak of Kolkata sent on consignment to Mr Alok of Delhi 500 cases @ £1,250 on 1st
July 2019 to be sold on his account and at his risk for 10% commission.
Mr Basak incurred £ 30,000 expenses on dispatching the goods to Alok.
On July 10, 2019 Mr Basak received a bill for £ 200,000 at 2 months from Alok.
On September 30, 2019 Alok sent on account sales disclosing that 300 cases have been sold
for £1,600/- each and the remaining cases @ £1,500/- each.
The account sales also disclose that Alok has incurred unloading expenses £ 6,000 and
selling expenses £ 9,000. He sends a draft for the net amount due.
You are required to enter the transactions in the books of Mr Basak (Consignor).

Facts of the Case:
Mr. A (HUF) was running Business with GST No....

A new Partnership Firm "ABC Co." was incorporate, in which Mr. A (HUF) has become a partner. New GST Number of Partnership firm has been taken with mentioned that "Change in Constitution of Business ".And GST Details of Mr. A (HUF) was mentioned thereunder.
Mr. A (HUF) has a GST credit lying in his Credit ledger which he wants to transfer via Form RFD-01 and ITC-02.
Previous CA Considered it as a merger from Mr.A (HUF) to partnership Firm, and he gets Bank Account closed of Mr.A (HUF), and transfer all balance sheet in Tally Via JV to consider it as a capital contribution of Mr. A (HUF) in new Partnership Firm i.e. ABC Co.

Difficulties Faced by Me:
1) Whether HUF can be merger with partnership firm?
2) Capital gain tax liability of Mr.A (HUF).
3) How all balance sheet transfer in tally specially the stock lying with Mr. (HUF)
4) There is any risk in Certifying RFD 01, ITC-02 and Tax Audit Both new and old.
5) Can we transfer ITC via sale from Mr.A (HUF) to partnership firm?

Hello Sir/Madam,

I got a notice today that said
"Notice to return defaulter u/s 46 for not filing return - July 2021 Return: GSTR3B"
It also said if such are not filed continuosuly for more than 6 months, gstin will be cancelled.

I file returns on quarterly basis and file NIL returns. I have correctly submitted quarterly GSTR3B for apr-June 2021. The next GSTR3B I have to submit is for quarter Jul-September 2021.

I'm not sure why I have got this notice that I have not submitted for July 2021. I only file quarterly and not monthly.

What should I do about this notice? Let me know please.

1.1 I am a Newly (Jan21) Qualified CA
1.2 I was Already Registered My PAN in the Efiling Portal including DSC(old)
1.3 I was trying to Registered myself as CA in the Efiling Portal. But the Portal was not allowed me to Registered due to Error i.e. The Name of PAN and Membership (as per ICAI) is not the Same.
2.1 Name Change/Transaction History
2.2.1. Change in My Aadhaar Profile Name – Done
2.2.2. Change in My PAN card Name – Done
2.2.3. Change in My PAN Efiling Profile Name – Done
2.2.4. Change in My SSP ICAI Portal Membership Card Name – Done


Please Advice on my Issue

We are planning to start new business in digital marketing industry.
We want to incorporate our business in any of the following countries Dubai, U.S, Canada or Muscat.
Can anyone please help us to know which country is better for incorporation process & with their byelaws & how much it will cost for the same.
Can Indian CA incorporate the same or we need to contact chartered from respective countries?

Hi

is service tax payable on foreign receipts from brother

HI
My client is going to Start Car Wash Service. For which he spent 50L for Construction of Work shop. Whether he is eligible to take GST Credit on Construction of Work shop or not ?

Respected Sir,

Income Tax Scrutiny Issue March 18
==============================
As per the Financial transactions Details uploaded by your bank, it is found that during the Fy 2017-18, the company had purchased foreign currency of Rs 13,88,183. Actually bank should give us breakup of the said amount for enabling us to reconcile with our account.

Please guide me how to talk with the bank on this issue.

If any Persons Salary Comes under P Tax Liability. And in any month he was Absent for whole month. Then Whether P tax to be payable or not for the Respective month in which he was absent?

I am having 1 share of x company of RS. 5 per share on dated 01.01.2021 and company split the share on dated 01.03.2021 and issue 1 share for every 1 share held of rs. 2 per share. my query is regarding fraction of share which is balance amount Rs. 1. also can a company issue fraction of share and the same is tradable in market or not??