We are a regular registered proprietorship and had received a notice U/s 139 (9) due to mismatch in turnover as per 26AS. The main issue is turnover reported by deductor is as per invoices raised and the amount of debit/credit notes not adjusted by the deductor while deducting the tds. The Gstr-3B returns filed by us as per the rules after adjusting all the debit/credit notes (on net off basis) and the said debit/credit notes duly filed by us in our GSTR-1 too which are issued by us against the debit/credit notes issued by deductor for deficiency, rate difference or correction in invoice etc. We had checked our books of accounts and all the turnover matchings with our gst returns absolutely fine. We had tried the revised return as well but same defective notices are coming again after every revised return. What to do in the kind of kindly suggest as income-tax is giving the proportionate credit of tds as per the turnover shown by us in profit & loss account, but here the main problem done by the deductor by excess reporting of turnover by 20 Lakh. We had filed the reply U/s 139(9) as disagree and mentioned whole main matter in the said reply as well. Hope for the good suggestion.

Dear Experts,
I filed ITR-7 for the assessment year 2021-2022 (Fy 2020-21) and while receiving 143(1) intimation from the CPC my claim for exemption is disallowed and there was a demand because of the failure to mention the application date for 12AB renewal. After this intimation, we filed rectification request U/s 154 by incorporating the Application date and uploaded the required file through winman software Even after filing 154 rectification the same demand is raised by OPC with the same error description.
Experts give your opinion. How to cancel the demand and proceed further.

N.Rajendiran,
nrtaxguru@gmail.com
9362622183

what is the process of gst refund if we do indirect export means not direct but sale in the rate 0.1% and than mercantile export the product. how to calculate refund amount and what document want to submit.

Hi Expert,

Two intercompany located in same premises & make certain transaction in goods & services, i.e sale of goods & services, in this case how much % can be charge as a margin. is there any legal compliance under income tax as well as GST ???

Thanks in advance..

Hi,
I planned to go for company car lease from Orix, orix given me the split in which i have to pay the RV after 4 yrs and GST for the entire RV amount as 43%. Though the car will be in my name with hypothecation to Orix, why GST is been charged as there is no ownership transfer. what is the proof that these GST amounts are properly been paid from orix side to the government.

Regards
Raj

HI,
Foreign tax credit not given by income tax department even if we have properly filed form 67 for foreign tax credit form. we have already reprocess the return but same rectification order received raising demand actual statue of return is income tax refund.
kindly reply

Respected Sir,
My father died 7 years and i recieved his property in form of inheritance and sold the property due to my debt .Since we had old debts i settled a part and gave a part to my relatives and spent balance for my self where in i dont have any money left in bank .Now i came to know capital gains.what should i do now.i have not invested my money in any c g schemes.How to proceed.I am afraid whether i will get into problem.If i have to pay tax how should i pay.Please advise.

Respested Sir / Madam
My Cleint Sale Used Four Wheeler , He Received Commission Income of rs. 21 Lakhs For P.y. 2021-22 By Sk Finance Bank For Providing Loan to the Customers , Now My question is
GST Registration is Required For Income above 20 Lakhs

spice+ form i want to make as under :-
1. one professional ca director without subscription
2. one individual director cum subscriber and
3. one individual subscriber but not director
So total 2 directors (one professional and one subscriber-cum-director) and 2 subscribers (one subscriber cum subscriber and one only subscriber)

but mca spice+ form mixes up between subscribrer-director and only subscriber link)
(individual subscriber who is not director should open but sub-cum-director window opens by mistake of portal)


my view--> no idea why an individual cant be just a subscriber, why he has to also be director in spice++ form? problem is in point c in spice+ form,
i know its confusing, just any thoughts?

Mr. A having residential property, not registered under GST let out residential property for Business purpose to M/S ABC (Partnership Firm) registered under GST. Further M/S ABC (Partnership Firm) registered under GST let out this residential property for Business Purpose to BCD (Private Limited Company).

As per my view, in above case M/S ABC (Partnership Firm) is liable to pay GST under RCM and avail the ITC for the same. It is right or wrong?

Can M/S ABC (Partnership Firm) charge GST on forward charge mechanism or BCD (Private Limited Company) liable to pay GST under RCM?