Displaying all posts within 1 days
Posted On : 27 November 2025
TDS u/s 194R for Credit Notes issued
We have issued Credit Notes to the Customer for achieving the Sales Target. Is this come under the 194R provision?
Posted On : 27 November 2025
ITC on Bank Charges or Other Services related to business oprations in case of Tour Oprator
can i avail itc on bank charges or other services releted to business opration in tour oprator , selling only tour packages
Posted On : 27 November 2025
In Reply To :
Clarification regarding clubbing of AGM and EGM into one meeting
Thank you Mr. Dhirajlal for the clarification
Posted On : 27 November 2025
Partnership Deed Changes for Remuneration
a)Subsequent to Changes in the limit in the Section 40(b) via Finance Act'2024 is it mandatory to amend the Partnership Deed and insert the new clause with revised limits.?b) Is it mandatory to quantify the remunaration payable to partners as per the deed or clause mentioning that remuneration shall be paid as per the provisions laid down under section 40(b) of the Income Tax Act'1961 will suffice.?
Posted On : 27 November 2025
In Reply To :
Procedure for change in category of Director from Independent to Promoter Diretor
Since we are correcting category of Director,There will be no other change in fields of the DIR-12 except the category.could you please clear the below queries with regard to DIR-12 form1.Can we keep purpose as Change in designation as no other option is suitable.
2. Can we keep Date which is same as what we kept while filing original DIR-12.
Posted On : 27 November 2025
In Reply To :
TDS DEDUCTED UNDER SECTION 194R WHERE TO SHOW IN ITR AND GST.
The company must assess the true nature of the function:If the function is a genuine business/dealer conference (for general education/training) and strictly limited to business activities and necessary stay/travel, it might not attract TDS under Section 194R.
If the function includes elements of leisure, reward for target achievement, or family participation, the entire cost (or at least the value of the "benefit" portion) related to travel and hotel stay would be considered a perquisite, and the company must deduct TDS at 10% on the value if the aggregate benefits exceed the ₹20,000 threshold in a financial year.
For detail analysis refer: https://avanetwork.in/wp-content/uploads/2025/03/Demystifying-Sec.194R-Taxing-Times-Ahead.pdf
Posted On : 27 November 2025
In Reply To :
HSN- GSTR 9
Current year’s HSN summary remains unchanged even if amendments are made later.• Next year’s HSN summary absorbs the amendment effect.
• For audit/reconciliation, you should maintain a working note explaining such cross‑year adjustments to avoid mismatch queries from auditors or GST officers.
Posted On : 27 November 2025
In Reply To :
HSN- GSTR 9
Table 9 captures the taxable turnover and tax liability as per returns filed for that financial year.• It does not auto-adjust for amendments made in subsequent years.
• Amendments (increase/reduction) made in the next year are reported in that next year’s GSTR‑1/GSTR‑3B and hence flow into that year’s annual return.
Posted On : 27 November 2025
In Reply To :
HSN- GSTR 9
HSN summary in Table 9 of GSTR‑9 is based strictly on the turnover reported in the returns of that financial year. Amendments made in the next year do not change the HSN summary of the current year. Instead, they are reflected in the next year’s returns and hence in the next year’s HSN summary.
Posted On : 27 November 2025
In Reply To :
TDS DEDUCTED UNDER SECTION 194R WHERE TO SHOW IN ITR AND GST.
One more question dealers attended a domestic function arranged by the Company. The travelling cost and hotel stay cost come under the purview of 194R?
Posted On : 27 November 2025
In Reply To :
CA Certificate stating of Ownership of Proprietorship of Firm (Use for UNNATI Scheme)
CERTIFICATE OF OWNERSHIP OF PROPRIETORSHIP FIRMThis is to certify that I/We, [Name of Chartered Accountant],
having Membership No. [XXXXXX], in practice, have verified the
books of accounts, records, and relevant documents of:
Name of Firm : [Firm Name]
Nature of Business : [Business Activity]
Office Address : [Full Address]
PAN of Firm : [Firm PAN]
GSTIN (if any) : [GST Number]
Based on the verification and information provided, it is hereby
certified that:
1. The above-mentioned firm is a **Proprietorship Concern**.
2. The sole proprietor of the firm is:
Name of Proprietor : [Full Name of Proprietor]
PAN of Proprietor : [Proprietor PAN]
Aadhaar No. : [Proprietor Aadhaar No.]
3. The ownership of the firm rests entirely with the above-named
proprietor, and no other person has any ownership rights in the firm.
4. This certificate is issued for the specific purpose of registration
under the **UNNATI Scheme**.
Place: [City]
Date : [DD/MM/YYYY]
(Signature & Seal of Chartered Accountant)
Name of Chartered Accountant: [CA Name]
Membership No.: [XXXXXX]
Firm Registration No.: [FRN]
UDIN: [Unique Document Identification Number]
Posted On : 27 November 2025
In Reply To :
TDS ON IMPORT OF GOODS FROM SEZ
Yes, TDS under GST is applicable on purchase of metal scrap from an SEZ supplier if the recipient is registered in the same state (even if in a non-SEZ area), provided the transaction value exceeds ₹2,50,000. The SEZ status does not exempt the recipient from deducting TDS under Section 51 of the CGST Act.
Posted On : 27 November 2025
In Reply To :
Query related to job work
- General principle:Labour law obligations (PF, ESI, Minimum Wages, etc.) fall on the employer of the workers.
- In your case:
- The Govt company does not engage labour directly.
- The entity independently hires and manages its own workforce.
- Govt company pays only for conversion charges, not wages.
Therefore, primary liability rests with the entity, not the Govt company.
- Possible exceptions (where Govt company could be exposed):
- If the arrangement is a sham contract (i.e., entity is only a name-lender, but in reality the Govt company controls and supervises the labour).
- If labour laws like the Contract Labour apply, the Govt company may be treated as the principal employer.
- In such cases, the principal employer has obligations like registration, ensuring welfare facilities, and can be held responsible if the contractor fails to comply.
Posted On : 27 November 2025
In Reply To :
Query related to job work
- Definition of job work (Section 2(68), CGST Act):Job work means any treatment or process undertaken by a person on goods belonging to another registered person.
- In your case:
- Govt company owns the factory and supplies raw material (cattle feed ingredients).
- The engaged entity only converts raw material into finished cattle feed.
- The entity raises a bill for conversion charges (including GST).
This fits squarely within the definition of job work. The entity is not selling its own goods; it is processing goods belonging to the Govt company.
So yes, the entity should be treated as a job worker under GST.
Posted On : 27 November 2025
TDS ON IMPORT OF GOODS FROM SEZ
TDS APPLICABLE IF PLACE OF SUPPLY AND PLACE OF SUPPLIER ARE SAME( SEZ AREA) AND THE PLACE OF RECEIPIENT IS ALSO REG IN THE SAME STATE BUT IN NON SEZ AREA. RECEPIENT IMPORTS METAL SCRAP FROM SUPPLIER . IS TDS APPLICABLE OR NOT- F&O transactions question
- TDS DEDUCTED UNDER SECTION 194R WHERE TO SHOW IN ITR AND GST.
- Set off the amount even no liability of payment
- GSTR 9 working
- Procedure for change in category of Director from Independent to Promoter Diretor
- Clarification regarding clubbing of AGM and EGM into one meeting
- Set off entry
- Authority regulating Transmission of unlisted shares
- Networth for irdai
- HSN- GSTR 9
- Partnership Deed Changes for Remuneration
- Seeking Assistance for MoA Amendment and ROC Compliance
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
Trending Online Classes
-
All Subjects Combo (Regular Batch) Jan & May 26
CA Hardik Manchanda,CS Arjun Chhabra & Prof. Akash Agrawal
CAclubindia
