Respected Sir
In january 2023 One Invoice of Event Management With Food, Drinks and Branding
(SAC Code 9985 )was showing in GSTR 2B Invoice amount is 1,31,250 Rs.
In that Month of GSTR 3b of I Reversed in the column ((B) ITC Reversed (2) others )
this Itc Because of food and beverages Credit restricted under section 17(5)

Now in the September Month of 2023 Supplier issue Credit note of rs. 1,31,250 Rs.
(Reason not Known)

So in the September 2023 i have to Pay tax in Cash Because of reversel of ITC ,

My Question is Can we Declare ITC that i have reversed in January Month as opening Balance in Electronic Credit Reversal and Re-claimed Statement and Reclaim in this September Month again ??

If I don’t write Ca Final Exam in Nov 23 after filling the exam form, will I get Set C and Set D exemption from May 24 onwards ? Or will it change ?I have cleared both groups of IPCC in 2017. I have given 7 papers during IPCC according to that times course. So are Set C and Set D completely exempted or only 1 of it is exempted?And I have also attempted Ca Final Exam in earlier attempts but could not clear.

A private company has been amalgamated with a public company. Now, private company needs to surrender its PAN & for that it needs audited financial statements for Apr-June 2022 (30th June being the effective date of merger). Whether Independent Auditor's Report format which we use for annual audit can be used for this audit for a quarter only? It may be noted that none of the companies is listed. If there is any specific format for such audit then please share the same.

We are IT startup registered under DPIIT and have already taken tax (MAT) benefits since last 2 years. We are a non-funded company. So are we ELIGIBLE to buy a motor vehicle (CAR) above Rs.10 lakh for the company Directors?

80-IAC - Section 56 (2)(viib) states that tax exemption is application if "(f) a motor vehicle, aircraft, yacht or any other mode of transport, the actual cost of which exceeds ten lakh rupees, other than that held by the Startup for the purpose of plying, hiring, leasing or as stock-in-trade, in the ordinary course of business"

I think this rule of below Rs. 10 lakh motor vehicle applies to startup who have taken funding or issued premium shares. Or should we wait to provide car above 10 lakh after 3 years of tax benefits? Please provide clarification on this.

Thanks.

Hello,

My company has avail Game Activity services for entertainment purpose for client.

where they have played various games like Pool, bowling, cricket etc.

Service provider has raised invoice to us amounting to 2.2 lac.

Should we deduct TDS while making payment for this ?

WHEN FREIGHT BOOKED IN INVOICE AND GST CHARGED ACCORDING THE RATE OF PRODUCT, DOES IT ATTRACT RCM ON THIS FREIGHT WHEN WE TAKE THE EFFECT OF GR IN OUR BOOKS TO CREATE LIABLITY TOWARD TRANSPORTER ??

A company orders certain no of lunch say 100 qty for their employees at fixed rate.

restaurant packs the total lunch and company person picks it up from restaurant and brings it to company premises.

Restaurant raises monthly invoice.

Is TDS applicable u/s 194C in this case

Sir,

Proprietor,s business is installation of Power ( Solar ) Plants and agriculture income so can he eligeble to file ITR-3 with Proper books of accounts or delcar 8% Profit under Section 44AD.

(2) He paid labour Chages ( Installation Charges of Solar plant ) so please provide name of the account head and name of the group under Busy Software.

Dear Sir

Kindly suggest past 7 Financial year I was continuous to maintain proper books of accounts but filed ITR-4 Presumptive income 44AD. but Now my little income from agriculture so can i file ITR-3 with Proper file Balance sheet, profit & loss account ( books of accounts) or mandatory to me to file ITR-3 under presumptive income 44AD

Kindly guide

Company incorporated on 05/05/2023
No of Shares = 10,000

To compute EPS, no of shares should be
a) 10,000
b) 10000*331/365 = 9044