Hi,

As per our payment policy, we have to release the payment to our vendors after receiving payment from our customers for that particular project.

But if the liability is there in our books of MSMEs and we didn't receive payment for that project, then what should we do in this case if the payment deadline of 45 days is going to end.

Please suggest.

Regards
Ashu Gupta

Multiple CRN generated mustakenly ... how to cancel Challn

sir,
A Registered composition dealer income detailes mentioned below.
1.Sale of medicines for pharmacy busieness rs:80 lacs turnover yearly.
2.sec 194j Fees and tecknicial servicies income rs:30 lacs yealry (health services)
3.Rental income from shops rs:3 lacs
4.Interest income from partnership firm rs:3 lacs
5.Agrilculture income rs:2 lacs
Doubts:
1.Dealer opt composition scheme eligible or not
2.sec 194 j income taxable or exempted
3.rental income and interest income taxable or exempted
4.Agrilculture income taxable or exempted.

Can we surrender gstin if my projected turnover will be less than 40 lakh this year.

Dear Sir,

If Buyer Turnover less Than 10 cr & if yearly purchase is exceed the 50 lakh
then it may required to deduct Tds Us 194Q

regards,

Sir/Madam,

Company has exported certain goods outside India by way of courier.
GST is 0 rated.
Invoice made for the exports mentions the GST.
The exporter company has spent GST specifically on purchase of raw materials in India.
How the same can be claimed back?
What is the role of LUT in this. Is it required to file LUT before exports?

Should we add the bonus and leave wages to salary account to calculate the Profession Tax payable in Maharashtra during the F.Y. 2022-23

with further reference to the original query dated 2017, it would be appreciated if the following possibility can be responded to:
supposing an individual who is a foreign national, buys at the request of a resident Indian, a foreign lottery which earns a prize, what would be the position.
can the winnings be transferred to the Indian resident by normal banking channels and the individual can then pay the Income Tax at the prescribed rate?
Some information on exact procedure would be welcome.

thanks

Respected Experts

I want to go composition to regular from 01.04.2023, for which when to be apply and which date to be select for withdrawn from composition (31.03.23 or 01.04.23) as today, date selection calendar not open for the month of April-23.

Thanks for all experts for earliest reply.

Dear Sir/Madam,

As per new provisions, the DTAA treaty benefit for withholding tax can be availed only if TRC and Form 10F is obtained on online basis. How this will work practically? Is the Non resident expected to take Indian PAN and then login on IT portal and file TRC and Form 10F online? Why will any non resident, who does not have any presence in India, will take Indian PAN? Are there any changes/amendments/clarifications have come up in these provisions?