Govt. work completed under Agreement in 2014. Some disputes arose. Sought Arbitration for preferred claims. Arbitration Award which includes interest payment announced in 2018 after GST in force. 12% GST on works contract payment.
Whether GST applicable to the award amount, including interest ? Who is to pay the GST , govt.? If yes, When will GST amount become due to be deposited , I hope after receipt of the amount from Govt. as award is liable to be challenged in various stages till Apex Court?

Hi,
I have paid TDS on property on 7th Feb and today is 17th, still I am unable to generate form 16B. It says no data available. Can anybody please help. Its a bit urgent.

Dear All
I would like to know whether a Proprietor can waive the Interest Income which was paid by him for past years. The income is not paid in one financial year 2020-2021 due to covid-19. Is there any implications wit regard to Income Tax Act?

If cannot be waived, can it be reduced?

Respected Sir,
We have exported Plastic Caps to Bahrain.
The HSN Code is 39235000 which is mentioned in Export Invoice and Packing List.
But while submitting the Country of Origin for Endorsement at IMC, the HSN Code mentioned only
5 Digit : 3923500.

Is it acceptable or I have to get it corrected at IMC
Can you please advice us.
Thanks .

mail ID : exceltradingco@hotmail.com

Dear Expert
I have received a bill from Company for the following charges.
Participation Fees for
Training Conference - Rs. 100000/-

Add : Goods & Service Tax @18.% - Rs. 18000/-

Total - Rs. 118000/-

I want to know that under what section Tds has to be deducted on this bill.


Regards,

I am thinking of taking a copy-editing service from a UK foreign national. He is not an NRI. For this, I need to pay about eighty thousand INR through an intermediary freelancing websites. Though I am a freelancer myself in my own profession, the service I plan to take is not related to my profession at all. Could somebody answer if I need to to pay any tax on the payment I am going to make? Note the amount to be paid is not my income, rather it is my expenditure for a private work/use that is not my business. The service itself is business to the foreign national. He does not have any office in India and he himself is a professional freelancer.

Sir,
Assess sec 44ab audit filed person new construction expenses of residential house details mentioned below
1.some construction expenses Rs:6 lacs payment through on cash mode(10,000/- limit per day)
2.some construction expenses Rs:14 lacs payment through on bank mode
Question:
1Assess construction expenses total
rs:14 lacs(bank mode only) or Rs:20 lacs value show in books .
2.construction expenses how to depreciation claimed producer in I.t. act.
3.cash mode construction expenses treatment entries passed in books.

Sir,
1.Any gst registration and I.t. return not filed business person cash amount deposits limit in sb and current bank account one finicial year under gst and I.t. act.
2.if a person gst registration and I.t. return filed assess cash deposit limit in bank sb and current account one finicial year under gst and I.t. act.

A person some amount cash deposit rs:10 lacs cash deposit in bank account.if a person this amount used customers online mode payment through on Google pay and phone pay mode paid. transfer amount after service charges received from customers.
Question:
A person services charges income gst registration and I .t.return filed compulsory.

Hi there,

I receive a percentage of the total sales value as commission in addition to my monthly salary. I want to understand if this commision is taxable? and if yes, what are the tax slabs, if any?