Hello experts,
I receiveid notice for AY2015 demanding 3L INR. On connecting with ITO due credit was given and demand reduced to 12000 INR. ITO shared his software screens where all taxes are TDS is correct and matches with my return but calculation of 234 B and C is different. I checked multiple sources and interest I paid in 234 B and C is correct. ITO is not ready to listen and claiming IT dept. software calculation is correct. What can I do in this case?
Rcm paid in july on behalf of unregistered supplier but input taken in GSTR3b in month august. whether this should appear in GSTR2 in the month of july or august? and where the data is to be entered in the portal.
Dear Expert,
1. GST rate on transportation of purchase is 5% (GTA), It is eligible for Input credit under RCM. If i want to pay gst 12% on GTA can i take input credit on GTA. 2) If i am charge transportation charges in sales invoice, transportation charges paid to transporter for goods supply to our party at other state. This expenditure debited to P&L a/c shall i pay GST on this transport which is paid on sales and advise gst rate.
I'm exporting management and consulting services for a software company outside of India and I'm a bit confused about the GST on export services including zero rate supply. Could you please tell me if I'm required to include GST in the invoice that I send to my client? If yes then what I'm supposed to include and if no then how am I going to proceed with the GST process?
Is 150000/- received from Mr. Raju real brother through capital account on 07/7/2017 as gift and on 10/07/2017 same amount is taxable u/s269 ST
HI SIR,
THIS IS YARN MANUFACTURING COMPANY , MAY I ITC CREDIT ON THE COMMISSION , TELEPHONE CHARGES & SERVICE FOR NON MACHINERY , KINDLY CLARIFY .
THANKING YOU ,
Hi, Actually my friend planning to construct the house, But he could not get the loan from Bank. So, he decided to take the loan from his uncle and can pay EMI to him on behalf of his uncle, as his uncle has taken personal loan for him. So, now the real game starts, how his uncle can transfer the money to him. By withdrawal daily or any other mode? Because of GST the daily limit.Please suggest is there any other easy way.
Hi all,
I received a notice U/s 139(9)
Error code : 310
Error Description :
Taxpayer having income under the head “Profits and gains
of Business or Profession” but has not filled Balance
Sheet and Profit and Loss Account as required in
explanation (d) under section139(9) read with section
44AA.
Probable resolution
The Part A of the Profit and loss account and Part A of the
Balance Sheet should be entered in the corrected return
without which the return filed earlier is liable to be treated as
invalid.
Kindly help us how to rectify above mentioned details.
we received a notice fy 2015 - 16
My turnover was less than 1 crore, ITR - 4 i mentioned No account case Part A - P&L A/c point no.53 (books of account of business or profession not maintained).
Awaiting your revert.
Thank you
Do we need to file all expenses booked in books in GSTR 2. Even if for not claiming ITC
Live class on PF & ESI Enrollment & Returns Filing(with recording)
Gst-cenvat credit