Dear sir,

If suppler agreed above 180 days payment as per purchase order, in this case also we need to reverse ITC and we have to pay interest na?
Please clarify

I am facing an issue, while replying to a notice on Compliance Insight Portal, i have filled all the mandatory fields like Response/Remarks, uploaded needed documents, when i click on Submit button, I get a pop-up window says Info "undefined", only button available in this window is "Ok" button, as soon as we click on ok, we are back to Response Submission page.

Dear Experts,

I want to understand about an Audit applicability for F&O trading in different cases as posted. Please share your expert views to come out of the biggest confusion.

Sr. No. Condition (A) (B) Audit Applicability
(1) Incase Profit (2) Incase Loss
1 F&O Turnover Below 1 Cr
2 F&O Turnover Above 1 Cr but Below 2 Cr
3 F&O Turnover Above 2 Cr but Below 10 Cr
4 F&O Turnover Above 10 Cr

Outward supply pertaining to financial year 2020-21 is declared in GSTR-3B during the financial year 2021-22 (before September 2021) and taxes are also paid accordingly. Since taxes are paid during FY 2021-22, these taxes get auto populated in Table 9 of GSTR-9 under the heading Tax Payable and this tax payable is editable.
Now, the question is, do we need to edit the tax payable to the extent of the tax pertaining to the financial year 2020-21 declared during FY 2021-22 as we are filing GSTR-9 of FY 2021-22

Our view which is not related to the above question is: Though the tax which pertains to FY 2020-21 but paid during financial year 2021-22 through GSTR-3B which come automatically in table 9 of GSTR-9, the value of outward supply (declared in GSTR-1 of FY 2021-22) does not come automatically in table 4 of GSTR-9 of FY 2021-22. Correct me if I am wrong.

Thanking you

how to check Auditor status on NFRA

Can the transferor company (in case of merger) write its former name after the merger, amalgamation, as New entity name (name- X Limited (formed after merger, amalgamation, takeover)) formerly known as (name- Y Limited) in its financials or other important documents such as Letter head or Legal contracts?
Please guide

Respected sir/madam.

Gst on Restaurants service are liable to be discharged BY ECO @5 % In RCM mode when Service Provided by Through Ecommerce Operator except premises providing hotel accommodation service having declared tariff of any unit of accommodation above seven thousand five hundred rupees per unit per day or equivalent. And Ecommerce Operator needs To issue invoice for the same But our concerns is following :-

When Any customer using Paybill Service available In Ecommerce application , How Ecommerce Application can generate the invoice as Items Description changes from Customer to customer and Restaurant are only generating the invoice in market scenario.

When invoices are generated by restaurant only as application does not know the things to be consumed by customer And Ecommerce application are collecting payment for paybill offer , How Gst Liability needs to be discharged by ECO ?

Request For Your revert ASAP .

Thanks in advance

We have get in to agreement in March "21 and we are doing Sale registration in Dec"22.
Which date Value we have consider March'21 or Dec"22 and TDS how much owner are NRI

Dear Sir,

After making the TDS payments, our banker has provided us Payment advice instead of TDS challans. Will there be any contravention of income tax provision if we have TDS payment advice instead of TDS challan ?
Note:- TDS payment advice does not mention the section code under which payment is made.

We have a rental agreement with our director's name for business purposes, Shall we continue the agreement for PVT LTD?