sir,
during sep we have export of service. As per my knowledge while updating export service our gst date is going to ICEGATE. Then it cross check . While in export of service there is no shipping bill , port code , etc.
Is there is any option for cross check with our data with ICEGATE data before update in export service in GST, Or please give advise if any other method.
We update export service under LUT .
Please advise
with regards
Binu

If a return for AY 2021-22 comes up for reassessment before 31st March, 2025 and the assessing officer finds the following while enquiring into the capital gain/ loss booked by assessee:
a). In AY 2018-19, assessee had incorrectly reported a short term capital loss (STCL) of 3 lakhs which was carried forward into AY 2019-20 when actually there was a short-term capital gain of 50000 rupees during this year
b). In AY 2019-20, assessee had offset 1 lakh of STCL against STCG and carried forward the balance 2 lakhs to AY 2020-21
c). In AY 2020-21, assessee had offset another 1 lakh of STCL against STCG and carried forward the balance 1 lakhs to AY 2021-22
d). In AY 2021-22, assessee had offset the remaining STCL of 1 lakh against STCG for that year

In such a case, can the AO do any or all of the following given that brought forward loss is a continuing issue ?
a). Disallow the setoff of 1 lakh for AY 2021-22 because the origin of this loss which was in AY 2019-20 was incorrect in the first place
b). Disallow the setoff for AY 2019-20 and AY 2020-21 (even though the escaped income is far less than 50 lakhs) and raise demands for these years
c). Disallow the setoff for AY 2018-19 (even though it is time-barred) and raise demand for this year

Is it necessary to include personal assets or liabilities (not related to business) in the balance sheet while doing tax audit?

Dear Sir, for the Asstt.Year 2022-2023, the assessee, the salaried person,has not filed the ROI, but however, the entire TDS was deducted by the employer. Now, after down loading the 26AS for the said year more or less the tax amount is tallied with the TDS deducted by the employer except of Rs. 5,250 which I have paid the tax under the self assessment. Now, I would like to file the ROI, but t there is no option to file the ROI, hence what is the solution/remedy

My client has started a company. The company has first year of operations.
Net worth is eroded due to depreciation and Interest on term loan.

how to deal with such case in Audit report?
Thanks

Hi All,
I doubt on TDS applicability in the below scenario:
Property : apartment booked prior-construction and will be registered post construction.
Land cost: 8L
Construction:41L
Total : 49L
GST : 5%
Total of GST: 51.45L
Seller: pvt company
Buyer : join owner(husband & wife)

Question:
1.Whether TDS PROVISION applicable for purchase value based on net (49L) or gross (51.45L)
2.Whether TDS CALCULATION applicable based on net (49L) or gross (51.45L)
3.As buyer is joint owner, the limit is considered based on each buyer wise also or only the total property value wise?
4.Whether TDS applicable in the above scenario

Please provide your suggestions.

Within india is it possible to Invoice in USD Currency if the Customer is not in EOU or SEZ

Hi expert, due to some medical emergencies I could not submit the ITR within the stipulated time this year. Because of this, I would need to pay more as the tax regime got converted to new tax regime.

Request if any expert can help here.

Thanks,
sF

I have recently got my GST registration however the friend who did the registration for me now tells me that since the registered address is a virtual office it's advisable to provide additional place of business as my residence.
However, the sole reason I got a virtual office was cos my residence address is a family property and is still in the name of my late grandfather. I don't have documents for showing ownership of premises associating it with me or firms name.
Would I need to have an additional place of business to be on the safe side?

Suppose last date for uploading audit report of proprietorship firm is 7th oct 2024 and last date for filling his ITR is 30th oct 2024. Auditor upload the audit report on 6th oct 2024 i.e. before due date. Now audit report is pending acceptance by assessee. My question is that what is last date to accept audit report by the assessee. Weather it is 7th oct 2024 or 30th oct 2024.