In case of one of my New Client, Doctor by Profession, Certain Issues have been observed:
He has Basically 2 Sources of Income:
1. Income from Partnership Hospital(Remuneration, Interest & Profits) from AY 2016-17
2. His Own Practice.
From AY 2016-17 to AY 2019-20, He has never shown any Income from Hospital(Amount is Substantial)
As for AY 2019-20, we have option to Revise Return u/s 139(5)
But for AY 2016-17 to AY 2018-19, there isn't any such option.
The Income Undisclosed for each AY is More than Rs. 15 Lakhs. This was not wilful.
They are now ready to pay Taxes.
What is the Recourse for AY 2016-17 to AY 2018-19? And the Risk Associated with it.
How to do EPF entry for bank statement in tally
Vendor name was filed Mr. X in april 2019 GSTR1. But actually material was sold to Mr.Y whehter now this can be amended in subsequent GSTR1??
WHILE ANSWERING TO A QUERY, EXPERT SEETHARAMAN SIR MENTIONED THAT TENDER FORM SALE BY GOVT DEPARTMENT IS SUBJECT TO RCM AS PER SECTION 9(3). BUT I COULD NOT SEE THIS IN THE LIST OF TRANSACTIONS COVERED BY 9(3). IS IT ADDED BY A NOTIFICATION ? IS FO, PLEASE SHARE THE DETAILSM OF THAT NOTIFICATION. THANKS IN ADVANCE. vinodaca74@gmail.com
One party had sale on July 2019 (let say 100+18=118)but buyer done payment less then invoice value let say 98 so party shown the difference in discount i.e. 2 Rs. and issued credit note of Rs 2 to Buyer. Is GST applicable on discount amount ?
if private limited company registered under bangalore jurisdiction. but directors are residing in maharashtra. so query is that both directors are liable to take PTEC in maharashtra???
We have register as regular tax payer under GST . we have given services of immovable property to consultant general of Switzerland (GST No. is 2917CHE00005UNY
Kindly confirm GST (CGST+SGST) is applicable or not ???
WE ARE IN BUSINESS OF LAND TRADING BUT, IN NOVEMBER 2019 WE REGISTERED UNDER GST AS '' OTHER SUPPLIER'' BUT WE DID NOT DO ANY ACTIVITIES.
FOR FILING OF GSTR-1 IS IT MANDATORY TO ENTER LAND TRADING DETAILS UNDER EXEMPT SUPPLY OR JUST FILE NIL RETURN.
PLEASE SUGGEST ME TO FILE THE GST RETURN.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
Revising of Time Barred Returns