We are in Petrol Pump business.
What is the correct procedure to comply with TCS u/s 206C (1H) :-

(1) We should add TCS in every bill of eligible customer.
(2) OR we should calculate TCS on payments received from party on monthly basis.

(Note :- Our principal company, HPCL is charging TCS from us, on every bill)

Dear Sir

We have export material to UK, against export we have recd TWO invoice from our Clearing & Forwarding Agent.
1 Bill for DG repacking including GST
2. Service bill with GST-

My Query whether we have to deduct tds u/s 94c on DG repacking Invoice or not


Please help me

Sir / Madam,

We have do job work to some parties (say convert cotton into cotton yarn). As we are manufacturing yarn under jobwork we should receive raw materials from the jobworker and convert them into yarn and dispatch the finished products to them. Sometimes the situation may be aroused that the quality of rawmaterial sent by our jobworker is not suitable for their required quality of finished products. For curtail the loss of production we have to immediately issue our owned rawmaterials to the production and send the finished product to jobworkers as their required quality. In this juncture we need advise on the following points which one is best:

1) Whether can we raise an invoice for the rawmaterials used for the jobworks with GST tax in the pattern “bill to” jobworker and “ship to” our company / factory address? (There is not movement of goods)

2) Or can we raise a debit note to the jobworker with GST tax as there will be no need for quoting bill to / ship to components?

3) If these are wrong then any other correct options?

4) Shall it break jobwork nature? Will any litigation araise?

Kindly advise us.

Advance Thanks,

With regards,
Bazeer L

Respected Sir,

What is the due date for the quarter July 2020 to Sept 2020 for those who have chosen composition scheme and simultaneously I would like to know what will be the due date for the yearly filing of purchase for the period from April 19 to March 20 for those who have chosen composition scheme and which form shall be filed for purchase detail. Please guide me and oblige,

Respected Sir
Temple committee has a pan under as a AOP ,They received a SFT ( INCOME TAX ) against received retail donation ( Chadava )Rs.15.00 lakh during the FY 2018-19. The committee is not registered under 12A
I want to ask that which ITR form will be applicable either ITR-Form 5 or 7
and how to file ITR
Pl. help me

commission earned by mobile phone recharge distributor, income can be consider US 44AD ? last year AY 2019-20 ITR filled return under 44AD
turnover below Rs. 6 lac profit around Rs 2.30 lac this year
please guide

A gst registered regular scheme dealer notice received gstr3 A from gst department gstr3b return for July-2020.
Question:
Dealer gstr3b July-2020 filed and reply compulsory.

Sir,
I am a businessman ,filling my ITR U/S 44AD 6% or 8% of my total gross receipt

my total receipt- 4800000 (approx)
Income as per 8%- 384000 /-

But my question tds has been deducted from my parties about rs 10000 @1% on 1000000 rs u/s-194c

can i claim for refund as because upto 5 lacks income is exempt in A.Y-2020-21

please help

Sir,
I am a businessman ,filling my ITR U/S 44AD 6% or 8% of my total gross receipt

my total receipt- 4800000 (approx)
Income as per 8%- 384000 /-

But my question tds has been deducted from my parties about rs 10000 @1% on 1000000 rs u/s-194c

can i claim for refund as because upto 5 lacks income is exempt in A.Y-2020-21

please help

whether tax audit is applicable or not --->

44ad limit of 8% / 6% has to be compared with profit after remuenration and interest or before charging remuneration / interest?

i understand, it should be after remuneration / interest, that profit is to be compard with 8/6% of turnover.
another query===> if 44ad was applicable for asst.1920 but audit was made u/s. 44ab, i understand 5 years i have to get the books audted.

regards, ca kunjan, 9222 9222 92, mumbai