Respected Sir,

We have paid RCM for the FY 2023-24 in January'2025 through DRC03, and claim ITC in the GSTR3B January'2025.
Now GST portal has showing Ledger balance of RCM Liability/ITC Statement in negative value due to the differences of RCM liability less than the RCM ITC taken in January'25 return period.


Please suggest how to difference can zero on GSTR portal.

now, famous brokers like zerodha/angel one give reports like holding on year end (demat with cost ) so, do we need to maintain ourselves, seperately and account for each contract note?
question --> do clients need to keep fifo accounting records (even if they have demat and investment in single broker like angel one or zerodha?)

my view --> no , angel one/zerodha gives year end position with individual scripts cost thereof, so position on year end can be known. no need to keep records by client.
i think we only need to keep if there are multiple brokers in the financial year, (because then fifo wont work).

sir
we Plan to add one additional place(branch) of busniess in Delhi . we have principal place in kerala . we have rent agreement , it is nearly 1 year around . do to some busniess problem we unable to start branch activities .
let's me know if we attached this rent agreement as supporting document in branch adding in GST , It make any problem.
One more it need any additional document need for branch opening
please advise
with regards
Binu

rent Income Received from residential property is fully Exempt from GST ??

In case of 100% exporter - refund application for the year 2017-18 and 2018-19 was rejected on the ground that it was timed barred application refund amount was transferred back to credit ledger A/c thereafter. in 2020-21 and 21-22 we claim ITc refund through IGST on export bill after that there was a downfall of export business and since last two year NIl return is filed and he has discountinued export business. Now how to claim that refund???? if we cancel GST Number how to claim GST refund?

Weather the Section 269ST applicable for Business entity for normal business purchase and sales.

Dear anyone......

This is regarding the filing of the Audit Report and Income Tax Return (ITR) for our Section 8 Company for the financial year 2024-25.

As per advice of our C.A firm, under the Companies Act, the last date for filing the Audit Report and ITR is 30th September 2025, and it is mandatory to file within this date.

However, as per the recent notification of the Central Board of Direct Taxes (CBDT), the due date for filing ITR in case of companies requiring audit has been extended to 31st October 2025.

We request your guidance on what should be considered the actual last date for filing in our case, so that we can proceed accordingly in compliance with both Company Law and Income Tax requirements.

I need GST Rate and SAC Code

Can we claim refund of job work charges like stiching and all in garments manufacturing company as it is the main expenses incurred by them while filing claim for refund on account of inverted duty structure

If EL are encashed on resignation, will it be exempt or is it exempt only at the time of retirement?
It is also mentioned that total exemption would be 25 lakhs from all employers, if it is supposed to be exempted only on retirement what's the point of words "all employers"