Sir,

Is it mandatory to file Form 9 for the FY 2017 - 18 to 2021 - 22 by a tax payer whose AATO is less than Rs. 2 crores ? Because, some of my friends have not filed Annual return since their annual turnover for the above mentioned period has been less than Rs. 2 crores for each year.

But now, they have been advised by their friends that, they should file the annual return for all
the financial years from 2017 - 18 onward, before 31st of Aug, 2023 by availing GSTN's amnesty scheme. Is it true ?
Pls. advice.

Dear experts

Kindly Let me know what is the Meaning of Turnover for the purpose of Tax Audit u/s 44AB

Whether Debit Note considered for GST Returns be included in the above Turnover?

Thanks in Advance

Hi,
I have created an HUF account with my wife and kid. Now I want to know how can I generate income. From what I have read, gifts from relatives upto 50k is only allowed. But this is very small amount per year.
If the karta or any member add money to HUF account, then the gains will be taxed to the karta as per clubbing provisions. Then how do I build wealth in HUF account?

-Patil

Hi,

Vendor is charging us Swachh Bharat Edu. cess along with CGST and SGST.

If I avail that cess while filling of GSTR 3B, it is reflecting in Cess ledger in GST ledger balance dashboard.

Where can I utilize this balance ?
Can I trf this balance to other ledger like IGST/CGST/SGST ?

please guide.

Respected Prosfessionals,

Please help me with the querry, whether GST is applicable on on Live trees and other plants. (specially in case of nursery plants)

Is possible to gift immovable property to brothers daughters/son-in -law?

One of our client paid rent of RS.25000 per month ( Total rent paid in a year : 300000) by cash mode to single party during year. Here this rent expenditure is disallowed under section 40(a)(3) as he paid rent of 25000 to single party which exceeds the limit of 10000. In addition this rent expenditure also disallowed @ 30% in section 40(a)(1a) as TDS not deducted on rent payment.
So what is the total amount of disallowance.
A) 300000
B) 390000
C) 90000
D) 0
Please give your answer to above question.
Thank you.

M/s. ABC is a Partnership Firm. Mr. A is retired as on 22nd march,2023 from this firm. their capital Balance is amount of Rs. 800000. can retiring partner is settled through cash? If yes, is there any issue relating to cash payment of Rs. 800000 to Mr.A ?

We are registered Goods Transport Agent. We had disclosed Exempted sales as RCM sales during Mar 23. This exempted sales is related to vehicle hiring charges (vehicle hired from a Goods Transport agent by a Goods Transport agent). Can we show the amendment in Aug 23 GSTR 1 by selecting 0% as gst rate for the said transaction?

Thank you,

We are group of few people working in govt/private sector and will retire from our service after 20 years. After our retirement we wants to contribute our skills and expertise towards social development and for the same, we want to form a Society/Trust/Section 8 Company and want to contribute/receive donation from members/other individuals and same will be accumulated for about 20 years to create a fund by investing is some of the mutual fund schemes to start the charity work in the field of education/rural development.

Kindly explain which option will be better which allow us to achieve our objectives.