Hi Expert,

Is there any benefit to Merchant exporter to procure services under concessional rate. ??
i.e A is located in India & B is merchant exporter customer of A also located in India. B procure goods under concessional rate & supply to C who is located in Algeria. But for completion of project A is provide services to C who is located in Algeria on behalf of B. What is the applicability of GST under this scenario.

Respected Sir,

We had filed a revised return of TDS on 29th May and today is 2nd June. Total 4 days have passed but still the status of the statement is not showing the status of the corrected TDS Return. I would like to know how long normally it takes for processing the corrected TDS Return. TARIQUE RIZVI

982 1630 130

We are Electric Trader but for construct Godown we purchase cement and steel, where we received Input Credit on Cement & steel and also we want sale excess steel and cement with GST is it allow?

Dear Sir/ Madam,

May I please know why TDS in NOT deducted on Payment of Shipping Line Charges in case of Import ?

Thank you,
Rachana

I am facing below error while filing the ITR-2.

May I request you to kindly extend your help.

Error Description Sum of income u/s 111A or section 115AD(1)(ii)- Proviso (STCG on shares/equity oriented MF on which STT paid) & Pass Through Income in the nature of Short Term Capital Gain chargeable @ 15% in schedule SI should be equal to corresponding income as per schedule BFLA

Income details:
1) Schedule OS : Income from other sources (Bank Interest etc..) : 83,100
2) Schedule CG : Income from MF sale (short term) : 1,01,938
3) STCG details in Schedule CG, under Tab 15% rate also filled

Schedule SI shows : 1,01,938

I have filled in Schedule CG, Schedule OS - however the above error persists. Not sure what do I need to do.


Kindly assist

Dear Sir,
As we all know that Limit for TDS u/s 194-C for payment to contractors is Rs.30000/- single payment and Rs.100000/- aggregate. Now my query is suppose the contractor has given different payment aggregate to 80000/- ( 25000+25000+25000+5000) on 4 different dates in same financial year and the same got credited on that respective bill date in books during that particular financial year say FY 2022-23. Now suppose payment of Rs.80000/- is made through single cheque then liability of TDS u/s 194-C arises or not ? No other bills during FY 2022-23.
Experts please answer.

Hi there, we are business based on Goa, our buyer has the GSTIN registered in goa, but place of supply of goods is in Haryana. Since the billing address is same as sellers address, that's in the same state but goods will be delivered in haryana. Can you please tell me whether igst or cgst will be applicable? Also please explain.

Respected Sir/Madam,
the following error is persists when validating the ITR 3 return.
Error :- Income from Profits and Gains from business or profession is greater than 2.5 lakhs but balance sheet is not filled.
We have business income and capital gain loss. So we are filing ITR 3 return under presumptive income for business and showing capital gains loss under short term capital gain head.
But when uploading return the above error persists.
So whether is it mandatory to fill balance sheet and profit and loss account when we have Income from business and also income/loss from capital gains.?
Please guide.
Thank You

What is taxability of sale of waste from food industries & statutory reference (like Notification or acr/section) to that?

I have added 1 additional place of business which is on rental basis and uploaded rent agreement which was on stamp paper duly signed by witness and owner and tenant but not notorzied.
Now i have received query to upload electricity bill of the premise and notorized rent agreement. what to do? rent agreement already on stamp paper i have uploaded.