SIRS
PLEASE LET ME KNOW, WHILE FILING GST ANNUAL RETURN GSTR-9 FOR THE FY 2017-18, THE EXPENSES BOOKED UNDER TRANSPORT CHARGES IN THE PROFIT AND LOSS ACCOUNT WILL BE LIABLE FOR RCM.

IF LIABLE, THE LIABILITY WILL BE DISCHARGED THROUGH AVAILABLE CREDITS OR TO MAKE THE PAYMENT IN SEPARATE CHALLAN. (DIR-03).

PLEASE CLARIFY

Dear Expert(s),

I am expected to receive around 10L as pension arrears which is due for the past three years. I was filing my IT returns promptly for the past three years with income less than 1L as no pension was sanctioned to me at that time. Now how to revise my IT returns and account my pension arrears with the corresponding years so that my tax liability my be reduced. If the income is put into whole in the current year, I may be liable to pay 30% on the arrears. Please guid me.

Thanks in anticipation.

With regards,
V. VASUDEVAN

Sir/Mam
For A.Y 2019-20,while filing online itr-3,the business code '21008-other professional services n.e.c' not showing in 44ADA.But it is showing in 44ADA.Previous year(A.Y 2018-19) kindly actual Business code for Other service.

Dear Experts,
I have got a land on lease which has coconut trees, mango trees and Aricanut trees and I have done secondary processing Activities and sold the produce. Is such sale an agriculture income or not?

Import Purchases - At what exchange rate should we book import purchase in books as per accounting standards and from where we will get this rate.

Exports - at what exchange rate should we book exports sales in books as per accounting standards and where we will get this rate

Respected Experts
Please help me out
I wanted to know are new forms gonna come for Gstr 9 & 9C or forms will be same but certain things will be made optional.
Please help me as deadline is near.....

Very few suppliers cheque issued and not presented before the expiry of validity. We understand from the suppliers that they have not received the cheque and it was lost in transit. Normally , we have the practice of getting Indemnity bond from the supplier with the company seal and signature and issue a fresh cheque.

But some suppliers arguing that cheque was not presented before expiry and fresh cheque to be issued without asking indemnity bond .

We request expert opinion whether issue of cheque without indemnity bond for expired cheque & not received by the company is legally correct and also accounting point of view also

KIND ATTN. SIR
THE ASSESSEE IS DOING MONEY TRANSFER BUSINESS AND DURING DEPOSITED CASH WITH BANK AND USED FOR MONEY TRANSFER PURPOSE AND RECEIVED NOTICE UNDER SECTION 143(2) AND 143 (3) OF THE INCOME TAX ACT THROUGH ONLINE AND REPLY HAS BEEN FILED AND LATER ON THE AO HAS NOT ACCEPTED THE FACTS OF THE CASE AND ISSUED NOTICE, TREATING CASH DEPOSIT AS UNEXPLAINED MONEY AND LEVIED PENALTY . THE AO HAS CONSIDERED THE SAID MONEY AS ILLEGAL AND BANNED NOTES . THE SAID IS ASSESSEE IS UNABLE TO DEPOSIT 20% OF TAX DEMAND WITHIN THE STIPULATED PERIOD.KINDLY GUIDE US TO PROCEED FURTHER TO APPEAL WITHOUT PAYMENT OF 20% TAX ON DEMAND (ACCEPTED FOR GENUINE REASONS) OR IT CAN APPLIED FOR REVISION WITH CIT

WITH REGARDS
CA.P.SHANGAR

Dear sir/madam, We filed our Original TDS returns for F.Y 2018-19 26-Q4 by Nil challan with one deductee record, Now we want to file a revised TDS returns, while making a Request for Consolidated statement it is showing an error “There are unmatched challans in the selected statement” Request for online correction. Then we opted for Request for Online correction and added one challan without any deductee records and submitted, then we could find an Error on the screen that “Statement for the specified search criteria has been enabled for correction and correction is either in progress or in submitted state. Please check status in 'Track Correction Request' screen under 'Defaults' menu”. Then we could find the status “AVAILABLE” for the respective statement in “'Track Correction Request”. After it when the details for respective statements are filled according to the requirements we anable to put a request for consolidated file and there is an Error on the screen like, “PAN Amount combination details entered by you are not valid for the challan details which are provided by you. Please enter valid details. In case there are same challans mentioned in multiple rows, please enter CD Record number as per column number 301 for 24Q,401 for 26Q , 701 for 27Q and 651 for 27EQ of the statement” . Please do the needful.

Read more at: https://www.caclubindia.com/experts/tds-returns-error-in-downloading-consolidated-file-1967994.asp

Some one is providing security service but charging GST on his bill now one of his client asked him to refund all gst charged in his bill after jan 2019. Can he claimed refund from department on gst paid on security service because his service covered under RCM. He is Providing ONLY security service.

ANS : If service provider is a registered dealer and charging GST on his bills, then GST service recipient no need to follow RCM rules.

Is this ans is correct if govt is saying pay rcm than how can i pay to any other becouse he is registered.