DEAR SIR,

I HAVE TAKEN WRONG INPUT TAX CREDIT IN THE MONTH MARCH 2019. ACTUALLY THE BILL HAS GIVEN TO OTHER PARTY MY CLIENT HAS RECEIVED THE BILL MISTAKENLY. I HAVE CLAIMED ITC IN THE MONTH OF MARCH 2019. SO I CAN REVERSE THE ITC WRONGLY TAKEN IN THE MONTH OF 3B RETRUN OF MAY 2019. BECAUSE ITC CAN BE UTILIZE UP TO THE MONTH OF SEP 2019 OR BEFORE ANNUAL RETURN FILING.

REGARDS

I.t.assess

One date gift from father rs.170000 by cash
Another date gift from brother rs.150000 by cash.
Another date gift from father rs. 6 lacs by bank check

All gifts acceptable for one finicial year.

WE HAVE REPORTED TRANSACTIONS OF FRIGHT EXPENSES PAID TO PARTIES HAVING LESS THAN 10 GOODS CARRIAGE BY SELECTING "T" FOR TRANSPORTERS AND BY CREATING NIL CHALLAN IN TDS RETURN BUT NOW 26AS OF ABOVE MENTIONED PARTIES SHOWS "U"STATUS OF BOOKING WITH BLANK REMARKS COLUMN INSTEAD OF SHOWING "T".
SO,WHAT IS THE RESOLUTION FOR THIS?

My mother is a senior citizen. She has rent income and interest income. Is she liable to pay advance tax ?
Please advise.

Sir,
Is Newspaper Sales Comes under exempted or Nil rated...?
Same as Text Book and Literature Book sales comes under what....Exempted or Nil rated...?
Please clarify me in particular two above products.

GOOD EVENING TO ALL EXPERTS,
MY CLIENT IS TRANSPORTER. HE PURCHASE A MOTOR VEHICLE . IN THIS BILL BUS SUPPLIER ADD CESS . SIR CAN I CLAIM REFUND OF THESE CESS. BECAUSE IN MY SERVICE
( RENTING OF MOTOR VEHICLE ) NO ROLE OF CESS. KINDLY REPLY

Suppose I am selling printing services on customised Product. I have got a job contract of printing designs on 10,000 pcs of t-shirt. After completion of work, I have delivered the products and GST invoice to the party. Now after few days, the party checked the printed t-shirts and found defect on all 10,000pcs and refuse to pay money.
Now my questions are :-
what would the accounting treatment in my books ?
as it is sell of service so I cannot raise credit note for sales return, so should I show the whole amount as discount allowed ?
Should I paid the output GST liability from my own pocket ?

please reply

hello, i have found that "this is not a proof for having return filed" in itr v after filing itr 1 of ay 2019 -20. what is this means?

Dear Experts,
Pls enlighten me the consequences of sale return made after 6 month as per the GST norms. Whereas as per section 16 which state that if recipient fails to pay the supplier within one hundred and eighty days then recipient have to add back ITC thereof in his output tax liability. According to me in GST act. No period of sale or purchase return is stipulated....does that stand we can return the goods any time even after 6 month.

Thanks
Karan

Dear Sir/mam
My question is gta service provider wrongly declare reverse charges service under taxable supply in July and august 2018 and deposit tax accordingly . but we all know that GTA Service provider service is under reverse charge now how we can claim refund of wrongly deposit tax???
how rectify this mistake now