Sir/Mam

we have deducted TDS @ 0.1% on GST purchases, we have purchased goods

Now My doubt I have to file Income Tax tds quarterly return or show in GSTR returns if GSTR Returns where i have to show.

Please clarify my doubts.

Thanking you,

i taken residency of other country and opened company and personal bank account. i will not stay in india to be nri. but now i have to transfer funds from my india account to new country account.

banker say that i can transfer without updating nri status also. because he say that status change takes time and i will not able to transfer when changing status for 1 week or more.

is that okay? if i send money from my personal india to foreign personal account? i come in 30% tax category and always paid. but will it generate some inquiry from it deprtment? because it is not nri status in bank.

banker also say i can change nri in account when i come to india in 1-2 mnths.

help please

Dear Sir,

Our company purchased e-learning study material ( sports ad recreational activities - example - diving ) from other country and there is no GST / Nil rated on their invoice.

Now our company wants to make invoice for the customer. is there GST would charged and not on invoice.

If charged, what is the % and HSN code.

Pls

Regards

Hello Experts,

My company had acquired another company, in their books they had a land in Fixed Assets. Part of land is acquired by the NHAI and paid us the compensation. This compensation is less than the actual cost of the part of land that is acquired.

Request you to kindly let me know the accounting treatment and Income tax treatment for the same.

Thanks in Advance.

Dear Experts,
TDS should be deducted during provision entry. For example, ABC Ltd booked the provision of audit fees for March 2022 Rs.100000.00 and the invoice received on 10th Apr 2022 Rs. 118000.00 including GST .
My question is
1) Should the company deduct TDS @10% of Rs. 10000.00 at the time of Provision entry.
2) if not booked TDS during provision entry then they can deduct TDS when invoice booking.
Kindly suggest me.

Sir,
A small business person rs:6 lacs cc loan required from bank.if bank manager asked project p&l and balance sheet for 2023 and 2024 and udyog aadhar registered certificate document required for bank loan purpose.
Question:
1.projected p & l and balance sheet for 2023 and 2024 how much sales turnover declared for 6 lacs loan.
2.udyog aadhar registered compulsory for bank loan purpose.

Hi,

If service is export of services and turnover is within registration limit of 20 lakhs , then GST registration is compulsory?

There is confusion because of below :

- Notification No. 10/2017 – Integrated Tax dated 13/10/2017 specifically exempts GST registration for inter state supplies of taxable services if turnover below 20 lakhs (since export is inter state supplies)

- FAQ published by government dated 22/12/2017 says it is compulsory to register for GST even if below threshold limit of 20 lakhs

Regards,

M/s.CMA CGM of France has been granted 100% DIT relief on Imcome earned in operation vessel 23 vessel in the internation traffic. However, if the vessel carrying the cargo is not in the list of 23 vessel for which DIT is granted, is the DIT relief applicable or can I deduct the tax.

Assessee is co operative society. In the year 2010-11 society has purchased KVP (kisan vikas patra) from Co-operative Bank out of its surplus balance, now at the time of maturity interest earned on KVP is mentioned in the Income from other sources head and claimed deduction u/s 80P. But CPC didn't allow the deduction u/s 80P to the income offered in IFOS.

Is the interest income from kvp obtained from Co-operative Bank is taxable or allow as deduction u/s 80P? Please help to resolve the query with any supporting judgement if any.

Thank you

Client applied for gst registration in F.Y.17-18 through gst suvidha kendra but was unaware that the registration was done under composition scheme.. he started his business assuming regular registration and charged 18% gst on sales and taking itc credit. he came to know about it while filing returns later on when the registration got converted to regular due to turnover going above 1 cr.
he has now received a notice for the same with 100% interest and penalty as a result of ineligible itc taken.
what are the options available to him? any mode of relief?