Hi experts

i have one quary please give me solution to me so basically TDS CREDIT AMOUNT IN 26 AS and GSTR 3B TAXABALE VALUE AND Has filed Income tax Revenue It should match with TDS credited amount or not it has mandatory or not ? please give me solution

1. We opted for QRMP. If filed IFF monthly we need to provide the transactions of the ending month of the quarter only in GSTR-1 As there was no option to provide HSN-wise summary and Documents issued in IFF, have we to provide those details for the entire quarter in quarterly GSTR-1?
2. We failed to file IFF for the month of October 2021. Have we to provide the October transactions along with November transactions in IFF_NovemberT
Please Experts, kindly clarify the above two doubts.
-Ramaswamy.T

I have made sales related to exempted services in the month of july and had paid Rs 20000 input tax. Here tax collected is nil and the input tax of 20000 displayed in 2B is not reversed and filed the return within due date. Now this amount shows in electronic credit ledger. In september also i have made exempted sale now i need to file september return where i need to reverse the input tax credit of july 20000 Rs laying in electronic credit ledger as it is pertaining to exempted sales. Will i need to pay interest 18% PA for the amount i am reversing in september

Sir ,

We have incorporated a newly company and we have registered under ESIC at the time of incorporation. Right now there is no transaction in our company and the employee are also around 2 employees .We just want to know what are the compliance to be followed in esic even there is no deduction of esic and employees.

Dear All,

"A" Sales Goods to "B" for the month of "March 2020" Period of 2019-2020 Basic Value 20,000/- @ GST 18% @ 3600/-. "A" not filed GSTR 1 and GSTR 3B for the month of March 2020. "B" payment made to "A" bills for the month March 2020 and regularly follow for the not reflection GSTR 2A of ITC March 2020.

"A" March 2020 GSTR 1 Return filed on July 2021 (21-22) period. But "B" unable utilized the ITC amount , Because July 21 GSTR 2B shows in ITC - Ineligible for the above said amount.

now "A" request to "B" to issue the debit note for GST amount @ 3,600/-

Question 1: "B" issue debit note to "A" is correct ?

Question 2: "A" offer to "B" give debit note than you may collect money from "A'" @ 3,600/-

Kindly guide me issue debit note is correct. i am "B"

Regards

V.Ragavan

Dear Sir,
One of our factory building has roofed with asbestos sheets. Now we have decided to install 1MW solar plant on that building and to utilize the power generated to our Yarn production. Hence, we have to replace the asbestos sheets with Metal Galvanized Sheet to hold the solar PV panels on it. Can we claim ITC on the metal sheets that we intended to procure?

Does the Section 17(5) restrict the claim of ITC for metal sheets which would have facilitate our Solar Plant installation?

Kindly advise us whether can we claim or not?

Thanks in advance.
With warm regards,
Bazeer L

LTCG OF 53000 & STCG OF 84000 FROM SHARE TRADING.CARRY FORWARD LOSS FROM FY2019-20 IS 2.3 LAC.PENSION PLUS OTHER INCOME 6.5 LAC AFTER AVAILING ELIGIBLE DEDUCTIOS UNDER 80C,80G,80TTB.USING COMPUTAX SOFTWARE ATTEMPTING SET OFF OF STCGOF 84000 LED TO SETTING OFF OF LTCG OF 53000 ALSO WHICH I UNDERSTAND IS WRONG SINCE LTCG UPTO 1LAC IS EXEMPT.PLEASE ADVISE WHAT TO DO.THANKS
RAJENDRA RAO

We're trying to upload the IT Return of FY 19-20 now on income tax portal. They've charged us a late fee of Rs. 1000/- but after that, they're not allowing us to upload the IT Return of the said Co. Now, as the company is new, no previous IT Return had been submitted before. FY 19-20 is their first ITR. So, No condonation request can be submitted in the portal. Kindly guide me to submit the ITR for FY 19-20.

Respected Sir,

The issue is related with TDS Return 26-Q for the Q-1 fy 2021-22. The related conso file is not getting imported.

Traces has informed us that wrong details in Challans for the Q-2, Q-3 & Q-4 Fy 20-21 has been filed and first of all the details should be corrected.

Traces have advised us to contact OLTAS for obtaining the details to be corrected.

What to do in such a case? How to contact OLTAS ? Please guide me and oblige.

Dear All,
Error when uploading Json File, generated from the ITR-5 Excel utility available in Income tax Portal

Invalid hash value identified, modification to ITR details outside utility is not allowed......