Govt. work completed under Agreement in 2014. Some disputes arose. Sought Arbitration for preferred claims. Arbitration Award which includes interest payment announced in 2018 after GST in force. 12% GST on works contract payment.
Whether GST applicable to the award amount, including interest ? Who is to pay the GST , govt.? If yes, When will GST amount become due to be deposited , I hope after receipt of the amount from Govt. as award is liable to be challenged in various stages till Apex Court?

suppose in a search, an undisclosed investments and money were found.
department charged penalty @60% of amount because no explanation was received.
also imposed tax u/s 115bbe @78% (60%+25%+4% cess).

is it correct as per law?
because total of tax+penalty is more than the income.

TDS deducted for 1st holder PAN. Whereas the bank FD is owned equally by both 1st and 2nd holder. Both holders has filed ITR with 50% interest income each from FD. If entire TDS is deducted for 1st holder PAN then how 2nd holder will get refund of his TDS. Kindly advice.

Hi Everyone,
Kindly share the check list and draft Report of Third party audit of PF Trust .

ThanQs in advance.

hello, in my proprietorship business (services) to some employees I allow to get stuff from Fashion, Apparel, etc. websites basically as gifts for their good performance. Payments are made directly from Current Account and bill with app/website is in business name.

Is that considered as business expense and can be shown that way? please help.

can i register Partnership Firm in the name of NALANDA AND CO. AUDITORS . (two persons(tax consultants) in DELHI). is there any objection?

Dear All,

I need your help to find out guidelines, if any, issued by Customs about the documents required and process to be followed for finalisation of project import.

Pl. advise

Respected Sirs,

Please let me know the answer of the below given question ? I shall be highly obliged for your guidelines:

What is MGT Compliance Certificate?
What is DPT-3 Initial?
What is DPT-3 Annual?
What is INC-22-A Active?
In what circumstances AGM Extension is required?

Tks with kindest regards,

Hi,
I have registered in GST in March 2019 and file the return for the same. after April 2019 to till (Mar 2021) the return was not filed and my status of GST Certificate is in "Cancelled Suo-Moto".

I have query about whether i need to file return from Apr'19 to till month and remit whatever the late fee shows in every month return? to revoke my GST Certificate.

If i go with Late Fee that will cost Rs.10k per month and for the total period it may comes around One Lakh. Do i have any option to avoid this huge amount and get the certificate in Active?

Please Guide... Thanks in Advance.

Assess sales turnover and net profit declare (itr) show in it returns filed details mentioned last 3years below.
F.y.17-18 sales turnover Rs:7,10,000/- and net profit Rs:2,90,000/-
F.y 18-19 sales turnover Rs:7,50,000/- net profit Rs:3,50,000/-
F.y.19-20 sales turnover Rs:8,00,000/- and net profit Rs:3,90,000/-
Question:
Assess how much amount business loan eligible from bank for itr based.