WHETHER ANY ADVERSE ACTIONS OR ORDER CAN BE ISSUED BY DEPARTMENT IN FUTURE FOR NOT DEPOSITING LATE FILLING INTEREST AND PANELTY OF PRIVIOUSLY FILLED RETURNS.

gst3b was filed nil by mistake (by clicking radio button of do u want to file nil ? on portal) when there was sales (itc was anyways nil).

gst 1 was filed correctly, it has liability , can i pay it via pmt challan and adust in drc03?

i am worried customers wont get itc if i pay in next month, hence want to pay off in current april 23 period only.

am i wrong of drc03 to adjust for april 23 period?

Dear Experts.

01. We are getting the supply the GST registered vendor.

02. They are having the GSTIN in their home state.

03. Their place of business premises is located near to the state boundary.

04. They are preparing the Invoice with their home state code.

05. But they are dispatching the materials from another state.

Ex :
Supplier got the GST registrations in TN State.
Their warehouse is situated near to the PONDY boundary line.
So they are dispatching the material through GTA, who are registered under PONDY UTGST.

06.Now the query is :
As a service recipient, whether we do discharge the GST liabilities under RCM as CGST/SGST or IGST?

pl clarify

1. what will be the treatment of Input GST on capital goods in the hands of goods transport agency, in the light of rule 43 if, condition
the GTA is on forward charge and has claimed 20% of input in the 1st year, but opt out from forward charge in the next year. whether he will have to reverse the GST of 20% in the year in which he is in the reverse charge or the input will be lapsed? and in the 3rd year he again shifted to forward charge, will he be eligible to claim the remaining 60% of input from 3rd year?

2. What will be the tax treatment in the following situation;
There are 3 parties involved one is the client and the other two are GTA suppose A & B. Client gave job to A and A gave the same job to B.
B is in forward charge and A is in Reverse charge.
B pays 12% tax and claims input. now A is in reverse charge therefore he will by default pay 5% tax on RCM. who will pay the tax?
(i) client, who gave the job to GTA-A, or
(ii) GTA-B, who is in forward charge, because the ultimate provider of service is B.
and if B is liable to pay then at what percentage he will pay tax and will he be eligible to claim input on the same?

One person is owned 3 shops (proprietor) and He Appointed sales person for 2 shops and give salary to 2 persons, then for ITR (Loan Purpose) How Should i prepare financial accounts ?

1. Should i prepare profit and loss, balance sheet separately for 3 shops and give 3 shops combined net profit value in itr 4

OR

2. Should i prepare single profit and loss, balance sheet for 3 shops ?

Kindly Answer

Can a society which has been registered under Income Tax Act in January apply for the 12A or 80G registration?

For construction work, the contractor who is an individual is supplying labour and billing the charges paid by him as per actual attendance of the labour. On the total amount of labour wages, he charges his profit as commission @ 10% of total wage bill for a particular period. Please advise me as to TDS will be applicable on entire billed amount u/s 194C only or TDS will be u/s 194H on contractor's margin (Commission). Thanks

Query Interest on GST

For FY 2020-21 some outward supply not disclosed in 3B till date I.e April 2023

However since 2020-21 due to higher imports, ITC in Electronic Credit ledger always surplus means even though liability was declared in 3B still nothing need to be paid via cash ledger.
Should there be interest on such undisclosed taxable supply , if we disclose it now in GSTR 9

Respected Experts,

Can we file ITR 3 and declare profit below 8 or 6% for Non Tax Audit Cases? ( Category : Cafe Shop)

Since Opting to 44AD will cost heavy Tax liability for the business

Kindly advise

We have executed a Partnership Deed on 20/02/23 on the Stamp Paper dated same. However, the Form C Registration Certificate of Partnership Firm was delayed and issued on 18/03/23.
Now, will the date of Incorporation be taken as 20 Feb 2023 or 18 March 2023.
We had applied for the PAN Card of the Firm and the date of Incorporation in PAN Card is mentioned as 20 Feb 2023.
The Banker is rejecting the bank account application quoting that the PAN Card date of incorporation is mentioned wrongly, whereas the Date of Incorporation should be taken as date of issue of Form C Registration Certificate of Partnership Firm.
Is this correct on the Part of the Bank?