Dear Sir,

One of my client is into export services and his turnover exceeded 20 lacs in current financial year. He applied for gst registration in March 2022 but the application may get approved in April 2022 which becomes next Financial year.

My client will get GST registration certificate in next Financial year and he will be able to apply for LUT for exempting GST only in FY 2022-23.

What can be done for FY 2021-22 as his income from export of services is above Rs. 20 lacs but he was not able to submit LUT as registration was not given by department.

Please help me in this matter.

Regards,
Divyesh Jain

Hi All

One of my clients has sold the goods in the month of March 2022. But delivery of goods is to be made in the month of April -22?

Is it allowed to issue e way bill of invoice issued in the month of March 22 in the month of april 22?

Thanks in advance

Can ITRV of deceased person be filed after the due date i.e. 31.03.2022 because of the documents that were required to be submitted on the portal were not yet arranged by the legal heir. If Yes, then what is the procedure ?
Whether there is any requirement to submit application manually or onportal

We had deposited all the returns of 17-18 & 18-19 in 19-20 with interest and penalty. Penalties for late deposit of 3B were waived off later on. can we apply for refund of those penalties now and how.
Kindly guide

Dear Sir,

We have manufacturing related to metal products (Single raw material ) and metal prices regularly up and down.
we generally valuation of our inventory on last month average price of our raw material.

We have a order of export @ 700 per kg , this material billed to customer on 700 per kg but due to unavoidable circumstances export order postponed to after 1 months in apr -22.

hence my inventory level up by this order and my last month average rate of raw material is 800/-
total inventory we have 50 M.Ton out of this 15 M.T stock related to export order.

so kindly guide us can we valuation of my export order stock on 700 per kg and for remaining stock on 800/- per kg

because if we are not doing this my profits will go very high.

kindly guide us thanking you .

Sir / Mam
Audit Trail means what?
Is it Compulsory from 01-04-2022?

Plz explain me
Thanks in adv

Can we file revised return for AY 2021-22 under new tax regime (115BAC) if the original return u/s 139(1) was filed under old tax regime

Dear Sir,

Recently i joined to the new group of companies. Here 12 companies accounts are maintained.
But in all the companies Input GST kept under Direct Expenses and Output GST under Direct Income.
Actually Input and output both will come under Duties and Taxes.
which is the right way to maintain. here they telling as per CA requirements all are maintaining keep as it is.

Thanks in advance

Sowmya K S

During the VAT period we purchased a TATA ACE worth Rs. 4 lakhs and claimed input VAT. The vehicle has now been sold for Rs 1 lakh. How to prepare GST invoice

Dear All,

Incentives given to employee in cash or in kind should be included in which Account head, should it be included in salary of employee or should it be included in separate head i.e., Incentives to employees.

Thanking you