Dear Sir/Madam,

I shall be grateful if you can share your opinion on the following facts:

Our's is a Pvt Ltd Company and we purchased a car for business travel purpose on 01.01.2018 for Rs. 8,46,500/- including GST, we did not claim any ITC on it.

We sold the vehicle for Rs. 4,80,000 on 04.11.2023, as per the last audited financials the WDV as on 31.03.2023 is Rs. 1,20,177/- and WDV as on 04.11.2023 is Rs. 97,761/-.

My questions are as following:

1. Do we need prepare an invoice on the sale value of car or on the profit of the car, what shall be the GST on it?
2. The profit or loss on sale of car and GST liability is determined in this case as per Companies Act or Income tax Act.

Request to kindly provide your valuable inputs to us.

Thanks in advance
Mohith

Please let us know how to validate DSC on GST Registration certificate?

What will be the consequences if Part D in 15 CA is issued instead of Part B

Sir,

Please solve my below query:
My one of the relative is filed ITR 2 return and selected New system his TDS deducted amount of Rs. 69000/- and he earn capital gain Rs. 20000/- including long term & short term he also paid caiptal gain tax.
but lack of knowledge he submitted return without deduction like HRA deduction, medical parents etc.
this effected to his return he did not any refund.
Now recently he received CPC order against return submitted their is no demand and refund but now he want he submit again return claiming the deduction like hra, medical expenses for senior parents etc.

Kindly guide whether he can file again revised return then how to file and what option to choose.

Thanks & Regards.

Dear Sir /Madam

We are importing machinery to our company, my question is fixed assets on bank loan any advantages, pls let me know.

Dear All

Please note that we have to send certain products as sample from one state to another. Some of the products will be returned, some wont. Can you suggest how to bill the product for the said transaction? A delivery challan is enough for transfer?

Sir,
We are Exported the goods in April 2024 for USD 5280.After we found that wrongly raised the for USD 4128 instead of USD 5280 due to there's some clerical mistake and the foreign supplier made the payment of USD 4128 also only.(Balance of USD 1152 short realization) But In this Export invoice shipping bill we are availed the benefit of DBK, RODTEP & IGST also. Now we are repaying the excess availing benefit of DBK,RODTEP along with interest. In my question is Export with payment of IGST paid in our hand and this was reported in GSTR-1 and payment made in GSTR-3B and received also. Now It is mandatory to repay the balance IGST amount to the customs department for this short realization. please clarify any one what provision is there this kind of issues in GST and how to report in GST returns and reclaim this amount in department. please reply to us immediately.

Is TDS applicable on Processing fees and other charges (Documentation Charges, Visit Charges, etc) paid to NBFC's for Borrowing Loan. If yes under which section and rate of TDS please inform.

Sir,
A Doctor maintained a dental clinic and selling of medicines in pharmacy Stores turnover rs:50 lacs below opt presumptive scheme itr returns filed.but assessess selling of medicines transaction professional service used purpose income treatment in itr returns allowed or not

Can a Managing director of a listed company (who is already drawing remuneration under Section 197 of Companies Act, 2013) can draw professional consultancy fees from a UK based Company in which he is the only Director and Shareholder?