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Posted On : 03 December 2024
In Reply To :
Container washing charges
Transporter opt Nil tax ( tax will be paid by recipient )i. e. Rcm method
Posted On : 03 December 2024
In Reply To :
Audit U/s 65(6) and SCN for Same year
Section 73(1) applies to cases of non-fraudulent excess ITC claims or other discrepancies, and the AO can issue a show cause notice for recovery of tax, interest, and penalty within a period of 5 years from the due date of filing the return for that particular year.Section 74(1) applies when there is fraudulent claim of ITC, in which case the AO can issue a show cause notice within 5 years from the date of the event leading to fraud.
While the audit has been completed and an Audit Report (ADT-02) has been issued, this does not prevent the Assessing Officer from initiating proceedings for recovery of taxes or issuing a show cause notice under Section 17(5) if there are discrepancies in the ITC claimed or if the credit is found to be ineligible.
Posted On : 03 December 2024
In Reply To :
Container washing charges
Yes, if no GST charged under FCM, due to composite supply.
Posted On : 03 December 2024
Container washing charges
Transporter having gst registration & opt rcm method taxation.From above transporter's we received tax Inv.
In this invoice together with transport charges, there is container washing charges.
Can we are liable to pay rcm including washing charges. Please guide
Posted On : 03 December 2024
In Reply To :
Input on pest control system
Yes. Ensure the pest control services are used for business purposes and are connected to your company's activities.
Posted On : 03 December 2024
In Reply To :
TDS on Indian ADS dividend
Correct, as you have not directly received from the company, but through your foreigner agent. So, declare it under foreign income source income USA.
Posted On : 03 December 2024
In Reply To :
TDS on Indian ADS dividend
Thanks for the reply. SHould I report it as foreign income with source country India (and mention PAN) or source country USA (and mention SSN)? When I reported as the former, CPC failed to consider the tax relief as there was no Form 16 or Form 26AS entry for this TDS.
Posted On : 03 December 2024
In Reply To :
TDS on Indian ADS dividend
Although the U.S. broker does not issue a TDS certificate, you should retain the account statement that shows the tax withheld along with the gross and net dividends received. This documentation will support your claim for TDS credit during the ITR filing. You must ensure that the broker's statement provides clear details of the tax withheld in your name. If there is ambiguity, you may need to clarify with the broker and get additional documentation to substantiate the claim.
Posted On : 03 December 2024
Input on pest control system
Sir.Our company installed pest control system in office. We get Gst invoice against this.
Can we get input on this transaction.
Please advise.
With regards
Binu
Posted On : 03 December 2024
In Reply To :
Reclaim input disclose in annual return
ITC that is claimed back (reclaimed) will be disclosed under Table 6B of GSTR-9, which deals with ITC claimed during the financial year. & in GSTR-9C: Reconciliation in Part III for both reversal and reclaim.
Posted On : 03 December 2024
In Reply To :
Can file Updated Return
It can be filed only if there is any additional tax liability. If you wish to claim the TDS deducted and if you do not have any respective income to be declared, then updated return cannot be filed.
Posted On : 03 December 2024
Reclaim input disclose in annual return
Input reversal in 4b (2) of 3b for f y 2022-23. Later reclaim in 23-24 3b . Where to disclose in gstr9 and 9c- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
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