sir,

A petrol pump dealer at the time of purchasing oil paid vat to assam govt. Whether again have to vat return in assam .is it compulsory to do vat return in every month.

Note that we are a Pvt Ltd. company and we are already register in Traces website through DEDUCTOR Category and issue to party Form 16,Form 16A easily , but this time we are unable to download form 16b (Property TDS Certificate) .
Do I have to register again under Tax Payer category for download of form 16b?

hi
Such certificate is required or exists as per the income tax act to have an Income tax clearance certificate for sale out of the property of a person?

If My Client has to adjust IGST LIABILTIY AND HAVE ITC IN CGST & SGST ACCOUNT CAN IGST LIABILTY MAY BE ADJUSTED THROUGH CGST & SGST ITC CREDIT

effective date of partnership and date of incorporation on partnership pan card should be same

my client do not filed for last F. Y 2019-20 & 2020-21 years. can he get tds benift for last years if he file f.y 2021-22?.

Is tds u/s 194Q deducted on GST value or basic value?

Can a newly set up small Pvt. co issue Preference shares convertible into equity shares at a later date to the Indian and (an overseas investor under FDI) willing to infuse funds. What is better option to issue Equity or preference shares or mix of both.

Thanks
PC Joshi

As per AS 2 Inventory needs to be valued at COST or NRV whichever is lower. Accordingly for Year1 assume client follows weighted average method for inventory records & closing stock cost was Rs.100 and Market value was Rs.80, therefore valuation was done at Rs.80 as per AS2.
In year2 for valuation what should be cost to be considered to be compared with NRV ? i.e. if NRV is Rs.110 then which cost to be compared i.e. Rs.80 (as per AS2 of year1) or actual cost of Year1 i.e. Rs.100. Kindly give clarification & also reference of AS2. Also is it not considered as upward valuation if compared with opening stock value .

How to charges GST in the case of
Trade Discount and cash Discount.