We paid Insurance premium of office building on 30/03/22. Basic amount of Insurance was Rs 55000 + 18% GST, which we claimed as ITC in our GST returns FMO March 2022.

Now my query is whether should I transfer the basic amount of insurance to "Prepaid Insurance" and C/f the amount to Next F.Y..?? Will this not create mismatch in Expenses & ITC claimed in both the F.Y.

Please reply.
Thanks in advance

Rajesh Behl

Dear Sir,

One of my client has received notice U/s 148 for Non filing of return for AY 2015-16 for which I am now filing her return in reply to the notice.

My query is apart from filing the return and paying applicable tax and interest do I need to do any other compliance regarding this. Will there be any penalty for return not filed earlier.

Please help me in this matter.

Regards,
Divyesh Jain

Dear Sirs : One of my client was engaged in manufacturing in declared Subsidized Economic Zone in Sidcul Haridwar, Uttrakhand and supplying within India. As per declared Government policy there was no income tax for first five years and so on.... Later on case was also selected for scrutiny and after assessment party paid say Rs. five lakhs. My query is (1) Is MAT under income tax is applicable to this manufacturing unit in this zone (2) Is amount charged by assessing officer after scrutiny will be called MAT or regular Income Tax (3) Is MAT refundable (4) After how many years is it refundable (5) What is procedure to claim refund of MAT.... Regards

assessee received notice us 148A for free tour trip provided by his supplier company to him. Supplier company does not deduct TDS. Assessee does not show this as income in his ITR.
Is this taxable in the hands of assessee ?? If we show this income in return us 148 then still penalty can levied us 271 1 c (AY 15 16).????

i taken residency of other country and opened company and personal bank account. opening business account also. i will not stay in india to be nri.

someone say if i open a company in foreign it is require by rbi to transfer capital for company from india. that is real? i have to or not?

the country i opened company in do not say to transfer capital. no such rule. so why india rule for foreign company? help please

How to file tds return of remaining period if the proprietor dies during the financial year and there is no further deduction of tds.

Eg: Death of proprietor in 3rd Quarter and return to be filed is 4th quarter.

Dear sir,

There was an Exemption Under GST on Pure Labour Charges Vide Notification No:12/2017 Dated 28/06/2017
My Query
1. Is this Exemption is available even we are Registered under GST ?
2. Is this Exemption available on Residential Complex Like Apartments/ Towers ?
3. Is this Exemption available for Commercial Complex Also?
Request to Kindly Reply to the query
Thanking In Advance

We are the Job worker and purchase raw material "FABRICS" and prepare the readymade garments using brand name of principal and send it to the Principal after completion.

so in our sales invoice, whether, we have to rase bill as Supply of Garments or Supply of Job charges. and which GST HSN/ SAC code we have to use in our Supply Invoice.

In a private company there are 2 directors.
One Person was appointed as an additional director in 2018 and another was appointed as an additional director in 2020 but they were not regularised in the respective AGMs.
What should be done now ?

Sir, we running Hotel in Gujarat State, we are receiving bookings from "Make my Trip"( registered in Haryana state). As per Act we have to charge CGST + SGST in our invoice. Now my question is where to show invoices for which booking received from "make my trip" in GSTR 1