Please advice that if we miss out to report the Invoice in the particular month of GSTR-1 & GSTR-3B, then how the same shall be reported??

Hello Experts! My question is that what is the rule for TDS deduction by LLP. If their turnover is below 40 lac is it mandatory to deduct a TDS of the deductee or their turnover limit is 1 cr for TDS deduction?

Hi
The assessee has a turnover below 5crores in the preceding financial year and has filed all the GST returns pertaining to February, March, and April 2020 on time. However, the assessee forgot to mention 1 sale invoice in the return of April. Further, the assessee did not file the returns from June 2020. Now he is willing to incorporate that April sale invoice in the June return. Resultingly, the liability of tax arose for June month. I want to ask that at what rate Interest should be charged on the assessee? 18%, 9%, or Nil.

Can ITC be available to rice miller who are engaged in custom milling activity and received custom milling charges which is leviable to GST@5%?

1. We the Indian Company have hired a NRI (Indian Resident-Indian Passport holder and not having US citizenship) as a Consultant for scientific research related matter. He is staying in US last 12 years. We will pay towards his consultancy fees in INR only on the basis of his invoice/contract and payment to be credited to his NRO account in India. what would be the TDS rate to be applied and under which section. whether form 15CA & CB is required.

Earlier a comparison table was there on portal in which Input as per 2A and 3B comparison was shown. But now comparison report consist of values of 2A upto June 2020 and thereafter values as per 2B for july-Sep2020,.

In the absence of comparison report how application of Rule 36(4) is possible?
If we don't have fig as per 2A how 10% of the same can be calculated?

Suppose M/s SS Enterprises. is Civil and Electric Work Contractor Company. His main business is Work Contract Service provide to various Government and Corporate client. M/s SS Enterprises usally get order from Local Body as well as Corporate Sector, Building Developer etc.

Recently M/s SS Enterprises get order from a Corporate Client (M/s XYZ) who is Manufacture of Garments product for Construction, Renovation and Electrical Work of their office cum factory premises. Name of the Service is “Supply Erection, installation and Commissioning”

The Order Value is Rs 87Lakh/- including all like Materials, Service Charge, labor and GST.
Please not all parties are in same state in West Bengal

For Complete the work(Construction, Renovation and Electrical Work -order by M/s XYZ ) M/s SS Enterprises purchase Bricks, Electrical Fitting like Lamp, Wire, Cement, Sand TMT Bar, Ware Rope etc as a raw material.

M/s SS Enterprises not appoint any sub contractor for finished work.

Now the question is :

1/ ls M/s SS Enterprises can claim ITC for those purchases? And what is the restriction of section 17(5)?

2/ How M/s SS Enterprises make Bill? I want to know what is the Taxable value and What is GST amount?

3/-What is the Tax treatment and ITC claim in A/c of M/s XYZ.
4/ Please tell me what is the rate of tax for electrical contractor who Supply Goods & Services to Govt (Govt Works). How to calculate the tax amount. And is ITC available on Purchases?

Hello Experts,

If deductor fails to deduct TDS for F.Y.2019-20, What will be the final TDS+Penalty+Interest payable amount as on date 13-10-2020 for below transaction ? Please help.

Date Particulars Base Am TDS
23/07/2019 PROFESSIONAL FEES 1500 150
15/10/2019 PROFESSIONAL FEES 27500 2750
30/01/2020 PROFESSIONAL FEES 1500 150

Hi all,

One of the client doing Commission agent business of only agricultural produce (i.e buying agriculture produce from formers selling to wholesalers just acts as intermediary )

now his total sale value is exceeded 2cr how this applicability in case of Income Tax ?

Tax Audit applicability ?

Is there any Exemption to this Business ?

if only commission is chargeable to tax then under which head it is taxable ?( i.e PGBP or Income from other sources)

A gst registered regular scheme dealer purchases of 18%tax rate goods Dt:10-09-2020 invoice value Rs:2,36,000/-. from mr. A if dealer same tax rate goods invoice value Rs:2,36,000/- return goods to supplier Mr. A( same dealer) on Dt:15-09-2020.
Question:
Dealer this transition treatment in gst act.