A real estate company opted new scheme which released by department as on 01.04.2019 which is 1% and 5% without ITC. A s on 01.04.2019 there is a balance of rs 7 lakhs in credit ledger and this balance is stil remain in credit ledger. The company neither take any input tax in GSTR-3B nor paid any Liability through credit ledger balance till the period of JAN 2020. But in the period FEB 2020 & March 2020 the GST liability paid in GSTR -3B by the credit ledger.

So the question is '' can we use ITC which is in credit ledger from 01.04.2019 to released gst liability for the current periods ''
Q 2 : Should we reverse ITC which stays in credit ledger''

PLEASE ADVISE ME

We applied for renewal of 12A in the month of December, by filing online then form10A, we under stood afterwards that Govt. is coming with new guidelines. we received Provisional registration at May21-end for 12A, now we want to renew our 80G on line by filing 10A. But once we login to new site of Income tax we can not see Form 10A to be filled.
In this case how to comply with this online renewal formality of 80G.
Please answer at your earliest so that it will help us to comply with 80G renewal.

Dear Sir,

Please give Suggestion for ITC on water purifier for employees.

As per my understanding ITC not specifically blocked in Section 17(5).

ITC available or not?

Which ITR should be used in the following cases :
1) Income from Salary is higher than income for Commission & Brokerage.
2) Commission is higher than Salary.
3) If any amount is received as Commission & Brokerage , ITR 3 is be filed or any financial limit.
4) Can ITR 4 be filed if Commission received is fully considered as income i.e. amount received Rs200,000 is treated as Income.
5) lots of confusion for Income from Commission & Brokerage
Pls advise ?

Sir Our both business firms situated at same address and now one Firm transfer material to another firm by using manpower. So we need to generate eway bill in this case?

If yes then why?

Sir,
One of the it assess two wheeler and air conditioner purchase for personal purpose.
Question:
Assess two assets how to show procedure in books and it returns under gst and it act.

Respected Sir,

Still new portal of income tax site is not Full-fledged.
Please let me know how long it will take to get full-fledged.
he due date for filing ITR should be extended in such circumstances.

Dear sir/madam
If we are not liable to deduct tds on salary, then also are we liable to file TDS Return 24Q ?

Our Company having CC and OD account but due to some circumstances our account NPA and bank issue letter to our customer for stop payments which credited another bank.
We are having same bank (which used CC & OD ) another Escrow account and our some customer make payments in escrow account but bank issue a letter stop payments .

It is correct or not bank has issue letter stop payments in escrow account which same bank and same branch.
Request you please give your opinion.

L.D Dharmadhikari

Please help me on the bellow doubts .

1. Sec 206 AB to collect TDS at Higher rate . Is this 206AB Applicable to Services provided to Individual or Company ?
2. Sec 194Q and 206C (1H) both are applicable who is liable to deduction? TDS or TCS?

Thank you