I have to apply for a new GST Registration for my client. The said client will start his shop at a plot of land owned by his relative. The said relative possess a sale deed only in his name. Whether I have to attach complete sale deed (comprising of 10 pages) as proof of business site or only a No objection letter from said relative will serve the purpose ?

Hi Team,

I have a query regarding the Higher pension plan in EPF. One of our employees contributed to the higher EPF amount before 01.09.2014. He joined our organization in 2017. Our organization is contributing the higher EPF amount from 01.04.2022. Now the employee is willing to go for a higher Pension plan. Will He or Organization is eligible for a Higher pension plan?

HELLO,
April 2022 to feb 2023 we have filed gst return in which taxable value is Rs. 1,43,00,000. In march 2023 we have raised invoices of Rs. 49,20,500 in which Gst @ 18% is Rs. 8,67,690. but not taken in march 2023 due to funds deficiency. March invoices taken in April 2023 gst Return .
In Annual aggregate Turnover we should taken Rs. 1,43,00,000 + 49,20,500 ( Rs. 1,92,20,500 ). or only Rs. 1,43,00,000.
In income tax Sales / Receipts turnover should consider as Rs. 1,43,00,000 + 49,20,500 ( Rs. 1,92,20,500 ). or only Rs. 1,43,00,000.

Please guide me.

Please advice the procedure after received the Form GST ADT-02, its not reflecting in online received offline audit report.

Dear Sir,

Some goods break on the way and its Value Rs.19400/- supplier credit Rs.19400/- to our account but no GST and no show same in GSTR-1 even no document send to us.Breakage Goods available in our store supplier have not pick up till date so in this case i have to reduce my purchase. Please suggest below entry in books of account is correct or wrong
Dr. ABC Supplier Rs.19400/-
Cr. Purchase account Rs.19400/- ( entry pass through Journal entry)

Kindly guide one of client turnover above 5cr(covered under tax audit) and dealing in service business and all the payment received in online mode means no cash transaction involved whether it is compulsory to file sft 61a or not?
in second case client turnover less than 2cr(but need to file audit report on voluntary basis and all the payment received in online mode means no cash transaction involved whether it is compulsory to file sft 61a or not?

My mother had received an advance money of around Rs 15,50,000/- from promoter against agreement for sale of her ancestral property by the end of March 2023 and then from it she also had paid a sum of Rs 5,00,000/- as advance against purchase of residential flat. Both the transactions took place in March 2023 i.e. FY 2022-23 & AY 2023-24. While paying Rs 15,50,000/- the promoter deducted TDS u/s 194 IA @ 1% of Rs 15,500. But the actual sale & purchase of flat took place in April 2023 and the remaining consideration received and paid also in April 2023 i.e. FY 2023-24 & AY 2024-25. The remaining consideration received is Rs 30,00,000/- for sale and paid for purchase of the flat is Rs 8,50,000/- in April 2023.
So even though my mother received only Rs 15,50,000/- as advance against sale in FY 20222-23 AY 2023-24 and out of which also paid a sum of Rs 5,00,000/- as advance against purchase of residential flat, how to show them in filing Return of Income for AY 2023-24?
The total value of consideration received is Rs 45,50,000/- for sale and consideration paid in total is Rs 13,50,000/-

Read more at: https://www.caclubindia.com/experts/ask_query.asp

Read more at: https://www.caclubindia.com/experts/ask_query.asp

Read more at: https://www.caclubindia.com/experts/ask_query.asp

from where an employer can see the details of monthly payment of p.tax of their employees for the financial year 22-23 directorate of West Bengal comercial tax

VALUE OF GOODS 100000+5% [ HSN CODE 60063100]
JOB CHARGES 10000+5% [ HSN CODE 998821 ]

IN EWAY BILL UNDER SUPPY HEAD
HSN CODE OF GOODS
HSN CODE OF JOB WORK

GOOD SEND FOR JOB WORK AT 12% [HSN CODE 5402] BUT AFTER JOB WORK CONVERTED TO 5% [ HSN CODE 60063100]

IS BELOW MENTION CORRECT ???

Each time , consignment moved , you need to generate e way bill The job-worker will issue e-way bill based on delivery Challan. He will issue e-way bill by selecting: E way Bill Column Fill Transaction Type Outword Sub Type Job Work Return Document Type Delivery Challan GST Rate Zero GST Amount Zero The invoice for job charges plus GST can be send either with challan or a consolidated invoice can be issued afterwards. There is no need to issue e-way bill along with invoice of job charges as job work is a service and no e-way bill is required in case of services.

I want to understand Taxation for company. Let say I started an IT service company (LLP) with initial investment (capital) of 1,00,000 Rupees. I got a service contract for 1,00,000. I paid 50,000 in Salaries and used another 50,000 to buy Laptop for the employees, so 0 money left in company account, then at the end of Financial year how am I suppose to pay tax 30% as no money left in account and Laptop is considered as Asset and not Expense and Capital should not be touched?