we are looking to start Restaurant cum canteen. In which we will have seating arrangements with ac and will server Snacks. Another thing we will also going to server Fixed Lunch Pack and will also deliver Packed Lunch to Offices and outside stores and home. Should we get registration Under 5% No ITC ? or we have to take it under 18% regular Registration? Please Advice.

Dear Sirs,
I have taken input tax credit of cgst and sgst of rs. 9225/- in the month of april-19.Now how shall i revert the same in GSTR3B.
If I revered the same how much interest i have to pay. Please give your valuable advise as i have to file gstr3b by 20th of this month.Thanks in advance,
K.B.Nagesha Rao
9448826793

DEAR SIRS :: My client has crossed sales of Rs.ten crores for financial year 2019-2020 so they come under this category of TCS.... one debtor total sales as on 31-08-2020 including GST is Rs.54,07,529.00. I have to deduct and deposit TCS on 54,07,529.00 - 50,00,000.00 = 4,07,529.00 at 0.75 percent = Rs.3,056.47 "OR"
there is an exemption that no TCS on sales made till 30-09-2020 and thereafter 0.75 percent . Secondly TCS to be calculated on NET sales amount or Sales + GST .....PLEASE CLARIFY.... Regards

Is it possible to download MOA and AOA from MCA portal

aN ASSESSEE WHO MET WITH AN ACCIDENT AND RECEIVED 1800000 AS COMPENSATION WHICH INCLUDES 350000 AS INTEREST . HE IS IN COMA STAGE. I WANT TO KNOW TAXABILITY FOR ASST YEAR 2019-20 WITH REGARDS TO INTEREST ON COMPENSATION & COMPENSATION RECEIPT. ALSO FOR INTEREST 50% DEDUCTION IS AVAILABLE U/S 57

Respected Sir,

I have to file 3-B for Aug 20. Whether 2-A for the Aug 20 first of all
should be referred for reconciliation. If some ITC is available in 2-A
and the same is not in our books, should I book the same ITC in my
books and should I take into 3-B for Aug 2020.

Please guide me and oblige.


yours tarique rizvi

982 1630 130

Dear members,
If a person receives salary of RS. 25000/- per month in cash from an assessee who is not covered under sec 44AB audit. Will Section 40A(3) get attracted???will the assessee or employee be penalised under any other sections of the Income Tax Act???

whether TDS on professional charges is applicable @ 1.5%.
Please Reply in brief.

My father expired in 2018. He was holding some deposits which have still not matured. TDS is being deducted from interest of these deposits which is seen in 26AS of my father. If possible, I want to continue the deposits till maturity (2023), as the interest rate is high. My querries are -
1) As I am legal heir, can I include this interest in my income and pay tax on it ?
2) Do I have to file my father's return ? If yes, can I get refund of TDS ?
3) Can I continue the deposits till marurity (2023) and show the interest as my income ? Can I file my father's returns upto 2023 ?
Thanks

A gst registered regular scheme workcontract service provide to different govt works.dealer works amounts received through on bank account credits and purchases of iron and cement from registered dealers.
Question:
1.purchases of iron and cement input credit claimed eligible.
2.works amount received through on bank mode receipts shown in gst monthly returns and treatment in gst act.