FREIGHT COST INCURRED ON PURCHING OF MATERIAL IS TREATED AS EXPENSE OR TO BE INCLUDED IN THE VALUE OF PURCHASE .

Dear Sir,

If a supplier supply the goods in this also charge TCS in that , can we deduct TDS in that bill??

Request you kindly help...

Regards
Anirudha Biswal
9818159649

A Security service firm has wrongly charged GST in their invoice and the assessee (Company) took the ITC. Since, Security Guard Service is under RCM and the assessee being a Company has to pay GST under RCM and then may claim the ITC.
For few months Security firm has charged GST in their invoice but later on assessee realized that it is their liability to pay GST under RCM, my question is "Whether company has to book liability in its books for not paying GST under RCM for part of the year?"

Regards
Thanks in Advance!

Getting error as attached when filing itr 2 offline. Could somebody help please. There is no validation error coming at the time of validating. Then I click to e verify the returns and use the aadhar OTP. Finally when I enter the OTP and I click to submit this error is coming "schema error occured while submitting your form, try later"

Can somebody help

Sir,
This is Manoj R A CA Inter student, I am currently serving as article assistant for excess leave taken during the 3 year articleship period from 1-12-2020 to 14-07-2021. my question here is how much leave is exempted during above mentioned period and do i need to serve additional period if excess leaves taken during supplementary deed period.

Thank you

DEAR SIR,

ONE OF MY CLIENT UNKNOWINGLY WITHDRAWN MORE THAN 2000000/- LAKHS RS. IN HIS SAVING BANK ACCOUNT. BANK PEOPLE TDS DEDUCTED AS PER U/S 194N. NOW HE DOING WHOLESALE BUSINESS OF SILK. THE TRASACTION IN THE BANK ACCOUNT ALMOST HIS BUSINESS TURNOVER MEANS HE RECEIVED AMOUNT FROM HIS CUSTOMER AND PAYMENTS TOWARDS PURCHASES. NOW WHILE FILING INCOME TAX RETURNS AS PER U/S 198 OF THE INCOME TAX ACT CASH WITHDRAWLS IS NOT AN INCOME. SO WHICH HEAD TO BE SHOWN IN THE RETURNS TO CLAIM THE TDS AMOUNT. IN THE WINMAN SOFTWARE ASKS TDS WHICH HEAD TO BE CONSIDERED, GROSS RECEIPTS OFFERED- 1. BUSINESS/PROFESSION 2.CAPITAL GAIN 3.HOUSE PROPERTY 4. OTHER SOURCES 5. EXEMPT INCOME FINAL RECENTLY INSERTED 6. NA (TDS U/S 194N).

MY QUERY IS WHICH IS SUITABLE FOR SELECT TO FILE THE RETURNS. BECAUSE THE TRANSACTION DEAL WITH HIS BUSINESS TURNOVER. CAN I SELECT LAST OPTION NA ( TDS 194N) OR EXEMPT INCOME OR BUSINESS/PROFESSION.

REGARDS

We had made sales to a party of Rs 10 lakhs in 2017.The party is now paying us by cheque of a different co and not by cheque of co from where sales were made. Can we accept payment from other co. How will we make enteries in books of Accounts? Will there be any issue from Income Tax of view?

Sir, during FY 2019-20, I had to pay an amount of Rs.90,000/-against non payments to creditors within 180 days. Now, these creditors are paid fully and I have to file GSTR 3B for March,2021. Please let me know the procedure to claim the above GST paid 90,000/- ?

Dear All,

Request you to share your thoughts on below case:

Sports event management company paying Prize money for online game to a non-resident. Should we deduct TDS u/s 195? or any other provisions override?.

Any of DTAA provisions covers above case?

Thanks in advance for your help and guidance.

Regards
Kemparaju Gowda

Sir,
A second hand vehicles purchase and sales dealer (margin scheme)how to gst tax calculation procedure and maintained records in gst act.