While filling GSTR 2 OF JULY 17 I FOUND IN GSTR 2À one interstate supplier's invoice no. different from the invoice number in my hand .I filed GSTR 2 as per my purchase invoice. Supplier did not counter confirmed it. I also did not care for it in absence of knowledge of Law. This input did not auto populated in GSTR 9, but I claimed Input as per my books. GST AUDIT claims that it is the case of Excess ITC used. How should I reply to the authorities. I have submitted copy of Invoice,e way bill, GTS builty , copy of GSTR 2A etc in support of my purchase.
PL favour me.

One of my Clients received a Demand Notice from income tax dept. He Claimed Housing Loan Interest and principal portion. But in Demand Notice They omit the housing loan interest and principal deduction and asking tax. What he should do?

I have short term loss in share market against which i have long term capital agst sale of Property. So to harvest loss i will sell the same and purchase on same time. I just wanted to know that the loss harvested can be set-off against my long term capital gain (with indexation) against sale of property.
What will be other impact on such transaction.

Dear sir,
A has raised a bill to B as follows:
Profession charge- 100000
Add GST @18% - 18000
Total Payable- 118000
Less Discount -10000
Net payable- 108000

In the Books of B - what will be treatment of 10000 as discount ?

Please guide me?
Regards,
Motilal Verma

What is Section 206 CR?

Please suggest a reference book for CA final new syllabus

In terms of Covid Relief in rate of interest was given by GST.
For February 20 total liability payable was Rs.35,42,354/-
of which Rs.28,00,000/- was paid on 24.04.20 and balance Rs.7,42,354/- was paid on 30.05.20.
As per notification no Interest was payable till 04.04.20. 9% was payable for payments between 05.04.20 to 24.06.20 and 18% from 25.06.20

For March 20 total liability payable was Rs.60,05,265/-
of which Rs.25,00,000/- was paid on 10.06.20 and balance Rs.35,05,265/- was paid on 27.07.20
As per notification no Interest was payable till 05.05.20. 9% was payable for payments between 06.05.20 to 24.06.20 and 18% from 25.06.20

My question is total interest payable will be how much month wise ?

We are selling Sarees online which attracts 5% GST, we are thinking of enabling the "Gift box" option where customer can choose that if they want to gift wrap the product.

We need to know the % for the Gift box (Carton box), and the % on shipping charges.

If Gift box attracts 18%, then Shipping attracts 18% or 5% (saree %)?

Hi,

We have received a notice from Income Tax Department to file ITR u/s 144, but in login tab they have not giving option to file ITR u/s 144. How can we file the same. Please suggest.

Hi all,
Could you pls help me for do comment on
Debt/PBDIT-0.22 in FY.21 & 2.61 in FY22
Current Ratio is 2.07 in FY 21 & 1.54 in FY 22
PBDIT / NET SALES (%) -13.97% in FY 21 17.98% in FY 22
NET PROFIT / NET SALES (%)-12.78% in FY 21 & 12.79% in FY 22
CASH PROFIT / NET SALES (%)- 14.23% in FY 21 & 13.52% in FY 22.
DSCR-9.19 in FY 21 & 12.06 in FY 22
PBDIT-9.02 in FY 21 & 16.04 in FY 22
Interest Cov Ratio-39.22 in FY 21 & 32.08 in FY 22