Dear All,

Our is a LLP concern. We have purchased Lens for partner from Lensfit Inernational Pvt Ltd billed in the name of LLP. Payment is made by partner from his personal account. Can we claim the ITC for the same and can we take the bill into LLP books of accounts. what will be the expense head for account. Please clarify.

Thanking you.

Dear all, I want to know that in Schedule 7A , for Opening cash and Opening Cash at bank , balance of which date we have to consider or do we have to deduce ? how to calculate on approximate basis?

Director of a Company has applied for a loan and is giving the land owned by a Company, in which he is a Director, as collateral for the loan He and his wife are the Directors of the Company. Is this allowed, kindly clarify.

Dear Experts
Due to not filing GST Returns for 6 months, GST Registration is cancelled Suo moto.
Date of Order of cancellation 15.01.2021
Effective date of cancellation 31.05.2019
Returns are pending from Oct 2018 to May 2019.

In this case, for which period returns have to be filed and
how to calculate Late fees (For nil Return)?
is it from Oct 2018 to May 2019 OR
from Oct 2018 to Jan 2021

Please solve this query asap.

Director of a Company has applied for a loan and is giving the land owned by a Company, in which he is a Director, as collateral for the loan He and his are the Directors of the Company. Is this allowed, kindly clarify.

Under 'Property Details' in form 26QB, I am able to understand below terms:
1. Date of Payment/Credit: Is this a date when booking amount was paid or Agreement executed or a date when 100% payment to the builder was done?
2. Date of Tax Deduction: Do we need to put today's date when we are paying TDS on property?

In my case, I paid Booking amount in 2013, agreement was executed in 2014 & I haven't got possession yet so haven't paid full amount to Bulider.

What dates shall I use for these 2 fields.

Thanks in advance for your response.

Sir,
Any Gst registered dealer visiting by gst department which document asked required for verification purposes.

Hello,

There is short material towards the material we have purchased.
we have already taken full ITC on invoice.

1. if we issue debit note for short material, should we charge ITC on debit note.

Please advice.

Regards,

Seema Malhotra

Dear Sirs : During month of January, 2022 , A dealer has output GST from sales is Rs. 1,00,000 and input GST from purchases is Rs.1,50,000 . Please advise, as per new guidelines, how much GST to be deposited. Kind Regards

How to prepare GST set off working or calculation ? How to take input tax credit in gst ?
Which gst topics to read to learn input tax credit ?