Dear Experts,
My sub contractor has given the invoice of 31270/- wherein 26700 is the taxable value for service and 2385, 2385 is CGST & SGST,

Pls tell me since the single invoice taxable value is 26500 I.e. below 30K do I need to deduct TDS on 26500 or not?

Also tell me in case of subcontractor which section will be applicable whether 194C

Thanks
ASAP

Dear All

Our Company is CNF (WB Region) of Cosmetic product. Manufacturer (Suppose M/s XYZ) direct send the materials (Cosmetic Product) to us and accordingly we paid the money to Manufacturer (Suppose M/s XYZ).
We sell these Cosmetic products through our distributor, dealer, Retailer in WB.
The Manufacturer (Suppose M/s XYZ) give us rewards in way of credit note in every quarter or festive season accordingly our performance.
And we also give some rewards to our distributor/ dealer/retailer by way of credit notes also to their performance wise.
Now question is:-
1} How we show these credit note in GSTR 3B and GSTR1 issued by the Manufacturer (Suppose M/s XYZ) to us?
2} how we show credit note issued by us to our distributer in GSTR 3B?

We are not get proper answer from our local Tax consultant and we can not adjust these credit not issued by manufacture in GSTR1
Sir Please help

Anshuman

I own two trucks which carry goods of various retail customers. I received hire charges which is approx. Rs. 12.00 lac for the year. Am I liable to get registered under GST. If Yes, what is GST liability ? I do not issue any challan or consignment to my customers.

I have got my GST registration on 22 June 2018. I have started my new business of grocery on 20 june 2018. I will be getting the goods today only. I had registered for gst only because,i am planning to sell it to other states,through online. I dont expect a turnover of more than 20 lakhs for my business. Now my query is

1) Do I have to file a return for the period ending on 30 june 2018?

2) Do I have to file gst return every month or only on every quarter? what are rules for this? whether to file monthly or quarterly is our choice?

Hi we have a case where Good’s are imported from country A and sent to country B but invoicing is from India. There is no physical movement of goods in India. Is this permitted under FEMA and what are the relevant FEMA regulations to be referred?

TDS Deducted to my client U/S.194IB and same updated in 26AS.

my query is, Which ITR form is required to file income tax return.

Sir,

Can anyone tell me that Gift received from Jethani is taxable under income tax act or not?

Dear Sir ,
We are given by a contrctor of our's a certificate u/s 197(1) duly certified by the ITO for lower deduction of TDS . To deduct TDS @ .75% upto Rs.12000000 instead 2% .

Now my question is what are the formalities on our part in this case . Would we be questioned in future for lower deduction of TDS or would we face problem in filing our TDS return??

Please Clarify the below query

one of our client, having a income of fixed deposit interest from syndicate bank, and this income is attracted to TDS. But the bank TDS has not been deducted.
so my question is what would be the consequences if we shown this income while filing of return.

I have filed return for my company after due date. I am having a business loss of Rs.56255/- during the AY 2017-18. Due to late filing of return i can not able to carried forward the above loss. But at the time of filing of income tax return the loss carried forward to the the next year was automatically displayed in my return. I cannot able to make correction in the field. Now i am received a notice u/s 143(1)(a) of the Income tax act with error descripttion "In schedule Part BTI, Taxpayer is carrying forward current year loss which is not allowable as the return is filed after the due date Rs.56,255/-" Please suggest me where to disallow the loss in ITR for not carried forward