In a company, incurred expenses like professional fee & commission to unregistered parties. Will these attract RCM ??? If not, please give an explanation

thank you

SIR
We are the GTA Private Limited company.

(1) During the year 2019-20, We did not pay any advance tax. At the time of finalization of accounts, Can we show the provision for Income tax in Profit and Loss account and under current liability?

(2) Provision for income tax can be shown in current year Balance sheet for next year?

Plz advise me
thanks in adv

My father is owning a house in town but due to my studies we are residing in rental house in city . we are paying housing Loan amount of 22500 per mouth for the own house in town and letting out that for a rent of 5500 pm . here in city we are paying 6500 pm for rental house . suggest me the best way to account this to avoid excess tax .

We are planning to launch our placement services in Maharashtra. For enrollment of job seekers, we are intended to collect some registration charges from them in lumpsum. I want to know whether such charges are taxable under GST? if yes what will be % it is levied.

Hi Friends

I have a query. My Client filed GSTR 3B for Nov'20 having sale Rs.100000 gross with Rs.9000 in cgst and sgst each.

But later it was discovered that the sale was actually of IGST.

Now, With DRC-03, will he have to pay full igst of Rs.18000 with Interest

Or

He can adjust CGST of Rs.9000 with IGST and pay Rs.9000 balance as IGST (under the scheme of setting off/netting of itc) ( also we will add 3 months Intetest). If yes, then how ??

Secondly, will the party get full credit of ITC in their GSTR 2A if We use the scheme of netting.

I have paid an amount of Rs. 2,50,000 to a PSU for breaking the service bond agreement. Can I deduct this amount while calculating my gross income for this year while filing ITR?

Respected Sir,
Heartiest Congratulation.
Sir, in Feb and March 2020 I have wrongly entered purchage and filed 3B accordingly. Yet we not file GSTR9 for FY 2019-20. Our total turnover is <5crore. Audit shows less purchage whereas GST shows more purchage. Can we rectified it in gstr3B. If not what is the procedure for correction or rectification. Please help me. N.B. Our all transactions are nill rated. (i.e EDUCATIONAL BOOKS)

Hello All
Pl advise. If the contractor receive amount 30lac 50k as his receipts from contract. On what amount GST will be charged. 50k or whole amount?
Pl note contract is for 30 lac with material.
Regards

Sir I m a private medical professional. My wife is also a doctor BAMS and retired few months back from govt job. Can I pay her salary from my clinic as an employee or for her services? Kindly advise me from IT point of view.
If yes. what kind of this income clubbed or separate ?

can any one explain about public financial management system