Hi,

Whether TDS require to be deducted against transaction fee cost charged by the MSME digital invoice discounting platform such as RXIL, Invoicemart etc?

A Private Limited Company has income from House Property and Other Sources. Does not have any business income

Can expenses with regard to business which will be loss from Business be set off against income from House Property or Other Sources ?

What is the journal entry for started business with goods .whether it should be purchase a/c debit to capital a/c or opening stock a/c debit to capital account?

Sir,

Earlier, if payment to GTA exceeds Rs. 1500 in a single carriage or exceeds Rs. 750 in a single day would be liable for RCM. Whether this provision was prevailing now?. If no, how RCM should be collected in respect of the said cases?

Dear All,

My turnover in FY 21-22 was Rs. 1.95 Cr (Net off sales return). But while filing GSTR-3B and GSTR-1 I forgot to reflect credit notes of sales return.

Now while filing GSTR-9, auto populated figures of GSTR-1 & 3B shown turnover of 2.02 Cr which is before effecting sales return.

Now As My actual turnover is below 2 Cr there shall not be any late fee for GSTR-9 but when I proceed to file GSTR-9 it shows late fee payable.

Please advise me whether late fee is applicable in such case or not?

Thanking You
Nirmal Dave

I am GST registered person & i am getting refferal income from another GST registered person & he provide bank home loan services on which GST in RCM is applicable.
If he is paying me in the form of commission then will it attract GST as GST is already paid by him in RCM .

Dear sir

i have 30lacks Unsecured lone From my father and family member in books
so now how can i clear that ...can we treat as gift please advise me

thank in Advance

Me and my 2 other partners have planned to start a partnership company . For example, company name is xxxxxx marketing. if its a private limited (directorship) ,I know that i need to check in registrar of company for name availability. likewise for partnership companies should we check in any other government portals like GST, INCOME TAX ,etc. Kindly give me suggestions.

Please guide if we miss to file return for last 1 year then in CMP 08 we need to pay late fee..In GST site it is mentioned late payment fee is NIL please guide

1. Can we pay rent (66,667/- rs p.m.) for Apr 2023-Aug2023 in lumpsum or otherwise like separate payments for 5 months in current sept 2023 month to mother (75 yrs old) since it was not paid in respective month?

2. Can we get a rent agreement with commencement date as 1 apr 2023 on current stamp paper dated say 10 sep 2023 of rs. 100?

3. Can rent receipts be formed as per point 1 and 2 above and given to employer and will that be admissible for claiming HRA from salaries received sep 2023 onwards?