We have issued invoices to a party in FY 2017-18. it came to our notice that the GST no. of the party was not mentioned in the invoice and now they have to reverse the ITC claimed and pay the same along with interest.
My query is whether we can amend the same in our GSTR-9.? Will the party be able to claim ITC then?
Please help me with the issue.
Thanks in advance.

What will be the entry of a Partnership firm for provision of income Tax? should it be part of profit & loss account or appropriation account? Profit to be shared between partners is before income tax or after income tax? Please guide with accounting entry.

Sir,

Following error occurs while filling rectification u/s 139.

"The gross total income should not vary with processed income tax return."

Please provide the solution for above problem so we can filed rectification.

Thank You in Advance.

i'm having a doubt whether we need to pay tax or not in one case.
the following case is as follows.
i have sent some goods to my agent, he lost a part of them, so paid some compensation to me. that part i have shown in my balance sheet under other income. now i should pay GST on that income or not.
under which section.
please help me with this

There are multiple divisions under one GST. Some divisions are taxable and some are exempt. Out of all, one division is corporate division which books only common professional services under which GST is paid under RCM. This Corporate division is considering 100% credit of tax paid under RCM. Query is whether we can claim that ITC considering the fact that there is no outward supply in Corporate division under GST

Sir,
I have deposited TDS on 4/6/19 for short deduction as per notice received from TRACES. Today only I found my Challan status OK on OLTAS. Today I am going to add that challan on TRACES but it was still not reflected on site. Kindly advise me when it will be come on TRACES so that I can add that challan & clear the outstanding.
Thanks
Parag

Budget 2018 introduced Standard Deduction u/s 17(2)viii upto max upto Rs 40,000 for Salaried class. If a taxpayer has received a pension/superannuation annuity from his former employer, it is treated as income under the head ‘Salaries’ and Standard Deduction is allowed in FY 2018-19.
A taxpayer upon his retirement, is receiving Pension / annuity every month from LIC against Pension & Group Scheme under a master Superannuation Annuity Plan by his past private employer.
The query is whether this superannuation annuity received by him (treated as Income under the head - Salaries), will be eligible for Standard Deduction? Since LIC does not deduct any tax at source, no certificate will be issued by LIC as regards exemption under Standard Deduction. .

Sir, I have a Client who have income from Sale and Also Having Income from Heavy Vehicles & Equipment Hire Charges. Now i need to know that can I show the Hire Charges Income with the Sale in Profit and Loss A/c?? and How to show the Hire Charges income in ITR - 3?? One more thing - Can i Calculate More than 8 % profit on Sale + Hire Charges Income??

Dear Sir, one of my client is providing delivery service for E Commerce operator (Amazon) and Collecting Cash from Customer as transaction type is COD, Then depositing cash into his Current account and later transferring to e commerce operator, Now my query is how to treat that Cash Deposit and Transferring the amount to e commerce operator in accounting and GST.

Hope somebody will help regards my query.

Dear All,

We want to know whether the premium paid on the term insurance of the Directors can be booked as expenses.