Dear experts,
Tangedco (Tamil Nadu Electricity) raising the bill including Meter Rent. And meter rent paid is comes under 18% GST. IT is also reflecting in GSTR 2A. Can we avail ITC for that.

I want to close Capital Gain account opened 3 yrs back in SBI , i have used the amount buying property within 3 yrs & submitted the relevant documents to bank also now bank is asking to get approval from concerned AO- IT , is it mandatory to take approval from AO to withdraw my interest accrued amount.
Please anyone guide me with this regard

Sir,
One of my client is registered as Trust but not under IT,but getting PAN under Trust name. Trust Started in 2000 till now no IT return was filed. During 18-19 its TO 80L & Profit 3.5L. My Query is
1. Whether it is Trust or AOP under IT.
2.Which ITR (5 or 7) to be filed.
3. whether Audit by CA is mandatory.

While filing GSTR 9 Annual Return of f y 17-18 Particulars of the transactions for the FY 2017-18 declared in returns between April, 2018 till March, 2019 were shown in Item No 10 and added to total turnover.

Now while filing GSTR 9 of f y 18-19 they need to be reduced from Turnover of f y 18-19

In which column of GSTR 9 this is to be shown ?

Sir/ Madam.

If we have purchase a new Air Conditioner and top-up gas in to the same then the topping of gas to be include in Air Conditioner cost and capitalized the same or gas topping book as the maintenance cost?
Thanks

I HAVE OPTED COMPOSITION SCHEME FOR RESTAURANT ON NOV -2019 WHEN I ONLY SUPPLY FOODS BUT FROM JULY 2020 I HAVE SUPPLIED LIQUOR (ALCOHOL) BUT I NOT APPLIED FOR WITHDRAWN FROM COMPOSITION SCHEME WHICH I SHOULD DO WITHIN 7 DAYS FORM 01.07.2020.
NOW I AM APPLYING FOR WITHDRAWN FORM COMPOSITION SCHEME WHAT CONSEQUENCES WOULD BEAR TO ME FOR NON COMPLIANCE
PLEASE GUIDE ME SOON.

My invoices for March 2020 as reflected in GSTR-2A contains invoices of Jan & Feb 2020. In calculating Eligible ITC of March 2020 for the purpose of complying with Rule 36(4), do ITC of invoices of Jan & Feb 2020 be included in March 2020? Kindly suggest.

Dear Experts,

An assessee earned Business Loss of Rs. 2.85 Lacs from Speculative & Non-Speculative transactions for FY 2019-20.
His Gross Total Income is Rs. 7 Lacs.
Turnover as per 44AB for Speculative & Non-Speculative - absolute value of profit/loss + premium on sale of options is 9 Lacs.
Queries:
1. Whether tax audit is applicable in its case?
2. If tax audit is applicable the under which section of 44AB?

I understand that gratuity is 4.81% of the basic pay.
But some firms include it in the ctc, while many do not.

Suppose it is included in the ctc, and say company is witholding 3000 Rs. /month from my take home, then if I leave after 5 years, I will get the entire accumulated money, I understand that

But Suppose gratuity is included in the ctc, and say company is witholding 3000 Rs. /month from my take home, then if I leave after 3 years i.e before 5 years, in this circumstance, can I be eligible to claim the entire accumulated Gratuity which has accumulated for 3 years as ex-gratia.

I have a query regarding regarding contract work under taken by contractor of Gram Panchayat. My query is whether there was liability of contractor to get registered and pay service tax on such receipts from Gram Panchayat of works contract executed since under Article 243G of Constitution of India exempts Gram Panchayat from service tax.

Please resolve the above query.