we are Gujarat based entity. Gujarat Government has given well cleaning work contract to Tamil Nadu based company. We are working on sub-contract for that Tamil Nadu based company. We are providing well cleaning service. Wells are situated at Gujarat only. Sir, I have doubt that whether we have to charge CGST/SGST or IGST? Further we had charged IGST till today and if CGST/SGST is to be charged whether we have to pay tax along with interest and penalty?

We have a material handling and transport contract. We are principal contractor. We purchased diesel from IOCL and issued to sub contractor on recovery basis. We paid VAT to IOCL. We have debited to sub contractor exactly actual cost of diesel as per IOCL invoice. Does this debit note attracts further GST Or VAT?

Dear All
I am the Student of CA Final. I already cleared my 1st Group long time back. My CA Final course has been lapsed due to more than 5 years has been completed. Now I want to give my CA final Exam held in May, 2022.

I just want to know that while filling the exam form
(a) first I have to Re-validate our CA couse so that course will convert from laped to active (it may take some time ,but exam filling date is 20th March only)
OR
(b) can I apply Re-validation process after filling of Exam form. (in that case Exam form is asking for Course Revalidation date,which is already expired).

Note: What is the last date to apply Re-validation of our course for applying in May, 2022.

So please help for submition of my exam form.

Regards
Naveen Sharma

I run a blog. Viewers would like to contribute small amounts as contribution
Will use it for promoting my website and developing it further.
What are the permission required if the amount is received from other countries?
What will be the tax impact?

For AY 20-21, I have earlier years b/f long term capital losses. The long term capital gains for AY 20-21 have to be offset against b/f losses but the IT department has not considered these b/f losses and raised a demand for 20% on the capital gains. I disagreed with the demand, mentioned the reason and submitted the rectification request for reprocessing the returns.

They have reprocessed the returns and raised the same demand without considering the b/f losses again. The officer is not even reading the reason which I submitted while disagreeing with the demand.

Should I again disagree with the demand and submit the rectification request. I am worried this will go in a loop. What is the other alternative?

One of my close known to proposes to purchase a residential property In Haryana the sale price of which is around 15% LESS THAN the CIRCLE RATE of that property . To put it differently, , the Sale Price of the residential property is appx. Rs. 20 lakh LESS THAN THE CIRCLE RATE OF THAT PROPERTY.

KINDLY GUIDE TAKING INTO ACCOUNT EXISTING APPLICABLE LAW AND PROVISIONS OF INCOME TAX

1. WHETHER THERE WILL BE ANY ADDITIONAL LIABILITY OF INCOME TAX ON THE BUYER OF THE PROPERTY;

2. IF ANSWER TO THE ABOVE IS IN AFFIRMATIVE, HOW MUCH WILL BE THE LABILITY AND WHETHER THERE IS ANY WAY TO AVOID THAT LIABILITY.

Hello Experts,

I have some questions regarding the reversal of ITC.
I have and Invoice of which is issued in the in the month of April-21. I have Availed the ITC of the Invoice. When should i reverse the ITC under following Circumstances.

1) Invoice of April-21 itc availed in the April-21 Month return, Payment made in Dec-21.
2) Invoice of April-21 Itc Availed in the Jan-22 month Return. Payment made in Jan-22
3) Invoice of April-21 ITC availed in Aug-22 month. Payment made in Aug-22 but under retention clause 10% payment made in the Jan-22.
4) Invoice of April-22 ITC is not availed but payment not made till 18-Feb-22.

Kindly Help as what amount to reverse, when to reverse and how much interset is to be paid and also how the interest is calculate in all the cases.

Thanks in Advance.

Respected Sir , my question is that when NPO receives fund for creating assets then when asset is created equal amount is transferred to capital reserve but why it is not income for NPO as it is getting asset free of cost ?

How to raise eway bill for donation of goods to hospitals as CSR ? I understand transaction type shall be others. But shall we need to put document number also?

Section 148A provides that the assessing officer has to give time of not less than 7 days but not more than 30 days to the assessee for furnishing his explanation. A notice has been issued on 17.03.2022 and served on the same day via email to the assessee asking to submit his explanation by 23.03.2022. Please let me know whether both days are to be included while computing 7 days ? Whether the time of 7 days is given in the given days. Thanks