Dear experts,

FY 2019-20 in GSTR1 we have declared Rs. 2 crore Taxable Turnover under the Table 4. Actually this is deemed exports @ 0.1%. It should be shown in GSTR1 under the Table 6C. will it create any problem, while filing the returns GSTR 9 & GSTR 9C? Please guide me to rectify it.

A Public charitable trust not registered u/s 12A is liable to be taxed as AOP at the rates based on the members income.
My doubt is whether tax will be calculated on gross receipts or net income after deduciton of expenses?
Please clarify

We are building a used car leasing company.
We purchase cars from owners, register these cars in our company's name and further lease them to willing lessees (individual / corporates). I will be charging the customer GST on the monthly lease rent. My questions are:
1. What is the % GST for used car while leasing.
2. If the first owner has not taken ITC, can the leasing company which is the second and current owner take benefit of this ITC ? If Yes/No, how and why ?

Dear All,

A Public Ltd company having an exposure of 100+ Crs Bank loan exposure, has about 35 crs unsecured loans from Directors. As per the sanction terms, Banks has restricted repayment of Unsecured Loans during the currency of the Term Loan.

The company has opened a current account (Joint) in the names of two directors and one employee with a bank which is outside the consortium (without the knowledge of Bankers) and started depositing daily cash collections into that account and made repayment of Unsecured Loans to a tune of 5+Crs. Incidentally it was founds that the company is also not paying EMI since March 2020 and thereafter as the moratorium is extended.

Is the above act legally valid? Do banks have any recourse to the above stated facts? Can this act be construed as Diversion or Embezzlement of funds?

how to pass journal entry of prepaid expenses
A Bill received on dated 01.10.2020 to 30.09.2021 regarding AMC charges for Rs. 2 Lakh How to pass journal entry on accrual basis in accounting.

Dear Sir,

1) A Individual person having PPF account, he received Interest on PPF Ac , the interest amount is taxable or not please clarity .... and
2) A Individual person Received LIC Maturity Amount is taxable or not ....and TDS Made by LIC Dept

please clarity

Dear Experts. We paid Renewal Fees for Factory license (Inspector of Factories TamilNadu),Whether this fees payment fall under RCM or Exempt from GST Levy. Kindly share your views.........

Can the Profit on Sale of Depreciable Building be considered for the purpose of calculation of Remuneration as the block has become nil.

My
father is receiving pension from LIC vaya vandana ,whether this will fall in taxable.
Plz suggest.

AS I DEAL IN GOODS RECEIVE MULTIPLE FREIGHT SLIPS 50TO60 IN A DAY SO CAN I MAKE A CONSOLIDATED JOURNAL ENTRY OF FREIGHT PAID CASH IN END OF YEAR