Experts Query Daily Digest :22 April 2025
Posted On : 22 April 2025
MSME REPORTING IN 3CB-CD
Would like to know how to report in 3CB where we have not obtained the details of MSME disallowance as the client has not provided us the details of whom are MSME traders /manufactures as a result of which no disallowance is made
Posted On : 22 April 2025
SECTION 50AA SHORT TERM CAPITAL GAIN IN CASE OF MLD
Two queries for MLD debenture with 0% coupon rate1. Is there any interest income earning on MLD debentures????
2. Tax rate of short term cap gain .
and other question is if any MLD acquired before 01.04.2023.
Posted On : 22 April 2025
How to surrender Duty Drawback
We are an exporter of medical products and are eligible for the duty drawback. We exported the product to our customer against an advance payment. Currently, the customer has returned the product as he is unhappy. We have to surrender the duty drawback. Please advise.
Posted On : 22 April 2025
Regarding required stamp
In case of retirement cum addmission partnership deed, alteration - increase in capital stamp is required or any other stamp?
Posted On : 22 April 2025
GST on written off amount credited to profit & loss account
One of my client has written off amount payable to creditors and book it as income and credited to profit & loss account . Whether he is required to pay GST on that income booked in books , actually this income is written off balance payable to creditors long back including pre GST period. Kindly advice
Posted On : 22 April 2025
GST REGIST FOR EXPORT OF SERVICE (ACCOUNTING)TO FOREIGN CLIENTS IF TURNOVER LESS THAN 20 LAC
IF SERVICE PROVIDED TO FOREIGN CLIENTS LIKE ACCOUNTING DATA ENTRY ,AMT RECEIVED IN CONVERITIBLE FOREIGN EXCHANGE AND ANNUAL TURNOVER IS LESS THAN 20 LAC , THEN GST REGISTRATION IS MANDATORY OR NOT.PLEASE REPLY.
Posted On : 22 April 2025
REGARDING NEW GST REGISTRATION
Dear expertsI have a client who wants to do electrical and furniture work, so he will have to two difference gst no or not, if not and i do gst registration and place 5 hsn (electric item is more laptop, tv, printer, frezee, washing machine, wires or many electric and furniture ) how is posible or circular of govt.
Posted On : 22 April 2025
GSTR 3B and GST Challan payment
GSTR 3B is filed quarterly. IFF is filed every month and tax liability is paid month wiseGST liability payable is IGST Rs.3,66,012/- CGST & SGST each Rs.1,31,851/-
ITC available is IGST Rs.3,35,250/- CGST & SGST each Rs.1,062/-
Balance GST payable is IGST RS.30,762/-, CGST & SGST each Rs.1,30,789/- Total Rs.2,92,340/-
Cash Balance in ledger as on 28.02.25 is IGST Rs.83,826/- CGST & SGST each Rs.82,913/- Total Rs.2,49,652/-
Now while creating challan for payment system is not allowing excess cash balance of Rs.53,064/- (83826-30762) against CGST & SGST payable.
So against actual payable Rs.42,688/- (292340-249652) system is generating challan for Rs.95,752/-
My question is how to adjust excess in IGST of Rs.53,064/-
Posted On : 22 April 2025
ITC Reversal & re-claim statement [FY 2023-24]
One of our client received an intimation from the department for the reversal & reclaim statement for the IGST balance reflecting in GSTR 2B for FY 2023-24. Client after discussion with the GST officer reversed the ITC as per intimation received from the department but while re-claiming the same in table 4D(1) added this ITC in Table No: 4A(5) - All other ITC. Now the same amount is reflecting in ITC Reversal & re-claim statement as a balance. Also what to do with the excess ITC which was claimed in Table 4A(5) ???So what can we do in this scenario. Please guide.
Posted On : 22 April 2025
How to generate e invoice for a software company having LUT Bond
Sir, I have applied LUT for a software company. I have get the acknowledgement at the filing of LUT application. There is no LUT number in the acknowledgement. How to find LUT number. Is LUT Number to be filled at the time of generating e invoice. Please help me.- Gst registration in the state of maharashtra
- Service Provider GST
- Receipts in bank account by way of transfer from various persons via UPI
- TDS u/s 194Q in case of Section 8 company registered u/s 12A and 80G
- 26B Form submission
- TDS on amenities like electriity / transformer
- RCM is applicable or not (labour Charges , loading and uloading charges)
- GST ISD registration
- Causal labour
- 26QB last installment Query
- MSME REPORTING IN 3CB-CD
- GST REGIST FOR EXPORT OF SERVICE (ACCOUNTING)TO FOREIGN CLIENTS IF TURNOVER LESS THAN 20 LAC
- SECTION 50AA SHORT TERM CAPITAL GAIN IN CASE OF MLD
- REGARDING NEW GST REGISTRATION
- GSTR 3B and GST Challan payment
- How to surrender Duty Drawback
- ITC Reversal & re-claim statement [FY 2023-24]
- How to generate e invoice for a software company having LUT Bond
- Regarding required stamp
- Alcohol (article 366(12A))
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