Need advise for raising Credit Note as mention below is right & for HSN
We supply goods to parties after charging GST & that party pay against that invoice & if they pay within 30days we offer 10% discount so do we have to raise credit note to adjust the difference between GST sales Invoice & payment received & what is the HSN for Discount
Taxable Value: 100
GST : 18
Invoice Value: 118
Payment Received after deducting 10% discount on 118 i.e. 118 Less 12 = 106
so do we need to raise Credit Note as below
Taxable Value: 11
GST : 1
Credit Note Val: 12

Please advise

My client will submit his return of income for the A.Y. 2022-23 shortly per u/s 139(4). Can he revise said return u/s 139(5) later? He sold his house property on 19.04.2021 (F.Y.2021-22) and to save tax, the capital gain amount invested in NHAI 100%. Can he furnish his said transaction details in ITR for the next A.Y. 2023-24?. Regards, Limpa Chakraborty

I paid the e tds online after 8pm on the last date of the month. The bank challan is showing 31st July 2022 date but in the passbook it has got debited from my account on the 1st of August. So what is the date to consider? I am asking as I need to know if I need to pay late interest for August too. Thank you

RESPECTED SIR
HOW TO SET OFF AVAILED ITC FROM CAPITAL ASSETS USE IN BUSINESS ?
PLEASE ADVICE, THANKS.....

1. Does sale of rural agricultural property amounting to approx (1.5 milion INR) taxable under any provisions of Indian Taxation Laws?
a.) If YES, @ what %?
b.) If NO, is it required to be shown in ITR filings?
2.Does the sale proceed needs to be shown in ITR, where and which form to use?
3. If the sale amount is transfered to bank account through any of the online deposit mode. Will it attract notice from Income Tax Dept. for depositing amount of 1.5 million in a financial year?
a.) Or the notice is just served for cash transaction of and above 1 milion.

P.S. The account holder is still pursuing studies & not earning.
Does the account holder need to file ITR for sale proceeds?

Client did not mention GST number in invoice as such sales for the month of may were filed as B2C. In July it came to light as the customer complained that he did not get credit. How can this be rectified retruns so that the customer gets ITC for may month...retruns for may, june and july filed on time.
is there any interest and penalty applicable

Dear sir/s,

one of my client claimed excess credit of ITC , but where as the he is having credit ledger and cash ledger more than the excess ITC claimed, the excess claimed is reversed, but the GST officer asking for payment of interest though the credit & cash ledgers cumulatively maintained more than excess claimed, please guide me in this regard

after transfer from one firm to another firm within one year we make how much period bond paper?

Are there any CA ( Income tax expert) for online Paid adviced...?

Hi
Service provider FY 2020-21 in his GSTR1 due to RCM Invoice taxable value missing one digit, instead of tens of lakhs, it fell to one lakh. The tax amount is also wrongly entered. I entered the invoice amount correctly. Now the service receiver has discovered the mistake, he says to the service provider that he has input loss, but the service provider has canceled his GST registration, and submitted the final return.

Is there no possibility to make an amendment in GSTR1 now?

I would like to know how to solve this problem.