We had applied for LUT, but the client accidentally paid via money transfer (like western union) to our current bank account. Since amount recieved is in INR and country is Israel, also I cannot get an FIRC for same as purpose code with these services is "Family assistance" as it shows in transaction desceiption.

It is second time he made this mistake, since he was used to making payment same way to the director(me) before incorporation of a company. For the last payment I just transferred it to myself, since it was how I used to recieve payment in my savings account, and in description I marked it as mistaken payment. For this one I am not sure if I should repeat same or not. Kindly clarify, as I am not getting proper response from my CA, and he asked me to confirm with someone else.
Previous amount was 500 usd, this time its 2000 usd. Work is export of IT services. Client has not asked for invoice and is ok without it.

Dear Sir,
we have given work the contractor ( supply + Installation ).
he had raised the supply bill sepereratly & installation bill seperately.
on which amount i have deduct the tds.

Kindly help me to resolve the issue.

Dear expert's,
If Central Government provide regular grant to Central Universities & CFTIs etc. to perform normal operation to the Institution, will be part of turnover under GST?
GST flyer chapter seven define the aggregate turnover meaning but not cleared whether the Government grant received by Government Institution to perform the normal operation will be part of turnover or not?

Thanks in advance.

Dear Sir,
My one client has just started business of selling Makhana. He usually sold the makhana in packets.He sell his makhana without any registered brand name. I have little difficulty in understanding explanation given in chapter rate regarding rate of gst to be charged.
Please help.

Hi,

One new LLP (Formed in Sep 2019) has not deducted TDS on Partners Remuneration till date i.e. 05.12.2020. The partners are the directors in other PVT. LTD. Company also. What will happen wrt to TDS now? Whether interest will be levied on LLP or there is any other option to avoid it?

Many Thanks!

Hi,

Can you please give your thoughts on below given query.

As per Guidance note on ESOP, Company has to take valuation report at the time of granting of ESOPs.
What if Company has not taken any valuation report and time limit of 180 days ahead of grant date also got expired?

Thank you

While calculating aggregate turnover for calculating threshold limit for applicability of GST registration whether Interest recd. on PPF account, Bank FDR & saving account have to be added or not because as per recent decision of AAR Gujrat Interest recd. on PPF account, Bank FDR & saving account shall include while calculating threshold limit for GST Registration. Pls reply

In year 2009 we were purchase a Marti car with our company name Value Rs. 3.80 Lac (app) after Depreciation for the year 2009 to 2020 Book Value comes in Till date (Nov,20) Rs. 0.63 Lac (app) .This current month i.e Dec,20 we sale this car to a UNREGISTER DEALER IN GST (With in State) ) value Rs. 0.60 Lac (app) with Invoice , So as per IT act we have loss on sale 0.03 Lac (app) against Maruti car & as per our car dealer advise we have not charge any GST against this Invoice because loss sale car not charge any gst as per gst act they are said Please advise how we show this Invoice in GSTR 1 Return….

I have revised my original return and e verified it. Is it necessary to e verify the original Return also?

A person paying housing loan interest and principal amount and enjoying deduction u/s 24 and 80C. Whether he is eligible to get relief in HRA u/s 10(13A) ?


With regards