Dear Experts,

01. Suppose as a buyer, we need to deduct TDS U/s 194Q for the purchase more than Rs 50.00 Lakhs.

02. Whether do we need to consider this threshold limit for every year

03.Example :
For FY 2022-23,,
TDS deducted for transaction value more than Rs 50.00 lakhs.

For FY 2023-24,
TDS to be ducted from Rs 1.00 onwards or after reaching the value of more than Rs 50.00 Lakhs.

Pl clarify

One of my clients (Pvt Ltd) transferred goods worth Rs 10 lakh plus Rs 25000 in cash under sponsorship services in a college sports event. Now how can I show it in books?
Is value of goods being also to be included in Rcm invoice or ITC of goods is to be reversed separately in GSTR-3B and RCM invoice is to be made up of only Rs 25000?
How do I show this transaction??

Dear Sir,

We have upload jason file through software but some invoice is pending so i have reset through main Govt. portal. so when i have reset through govt. portal it also reset from software or can i need to reset through software.
(2) if jason file upload through portal can we again upload via govt portal or first we need to reset the data
please reply

profit is coming if calculation is made as per WDV cost method. GST is to be paid. My question is if i pay through GSTR3B and do not mention in GSTR1 then is there any complication to this?

I have applied for LUT for FY 2023-24, now i want to export under both terms, like few export under LUT without payment of IGST and also few exports with payment of IGST.

Is it possible to do the same?

A client has home based bakery selling only birthday cake, wedding cake,etc.If he is under composition scheme,which tax rate will be applicable whether 1% or 5%?
And if his business grows and opens a shop ,which tax rate will be applicable under composition scheme?

Hi Experts,
I have received a Notice, through mail, from GST Departement for Recovery of Interest Payable on late filling of GSTR-3B upto March 2022.
I think it will be paid through DRC-03 but under which section will it be paid ? Please guide.

Further, Kindly advise should I visit to Department with DRC-03 or simply intimate on same mail with attached challan ?

Hello,
We are CFA (Clearing & Forwarding Agent). We charge 5% GST on our sales bill for ocean freight. Further we paid ocean freight to other at 5%. My question is can we claim ITC on ocean freight (5%) paid by us?

Which documents are required for stock transfer from one warehouse to another warehouse

We are registered GTA. We have few payment made to unregistered person which are below Rs.5000/-. These are the payments made to garage Owners towards small repair works for the commercial vehicles paid in cash. Does we need to pay GST under RCM for such kind of payments? Or is it exempted.