Hi,

I am resident of India and having my own proprietorship firm. The firm is registered and as a trade name and also GST# is obtained.

The proprietorship firm is registered to provide software/hardware consultancy. Currently I have a client who is US based. For this company I provide the consultancy and they would pay to my India account opened in the proprietorship firm.

Currently I am alone managing it but due to the work load and getting into contract with few other companies as well so I am planning to hire few employee/freelancers may be around 3 members. So I have some queries and need to know the process for the firm to follow

1. If I hire someone as employee do I have to issue offer letter and CTC details
2. Should I deduct the Tax, if the total payment for person in a year may exceed 10lac. What is the minimum wages ?
3. If I hire them as consultant should I still deduct TDS
4. Do I required TAN and legal process to follow
5. How do I pay them monthly ? can I use my firm account to pay them and show under the expenses ?

Please help

Gst composite scheme dealer sales turnover Jan to march-21 rs:5 lacs tax rs:5000/- cmp-08 return and tax not filed.
Question:
1.late fees per day and which rate of interest paid.
2.dealer tax paid rs:5000 interest calculated procedure.

A public company has total 7 members. First 5 members are individuals which are not nominees of any body corporate i.e. A, B, C, D, E. 6th and 7th members are body corporate i.e. F and G. Now it is proposed to transfer G's shares to F. Now to fulfill the requirement of minimum 7 members, can we make any one member from A to E as a nominee of F by tranferring one share of G by alloting new folio number to such member and remaining shares to F?

Or we need to transfer one share to any new member i.e. H?

Pl. give procedure of SGST ITC Credit of Proprietorship Business transfer to Partnership Business

We paid detention charges for our import consignment.
can we avail GST input on detention charges paid invoice.
Is this detention comes under supply of services.

Respectable sir
sir March 20-21 bills not received in time, and we have filed gst of March 2021, but bill received from stores on 05.05.2021 pertaining to March 20-21, shall we account with gst in March 2021. please suggest how to treat or account the bills.
Thanking you
Yours fatithfully
Srinivasa Joshi

I MADE EXCESS PAYMENT IN TDS CHALLAN US 194J AS BELOW

TAX - XXXXXX
OTHER - XXXXXX

CAN I ADJUST ABOVE EXCESS PAYMENT IN THE EXISTING QUARTER & SUBSEQUENT QUARTER (ANY OF THE SECTION) UNTILL THE EXCESS PAYMENT SEQUARE OFF.
PLEASE ADVICE.

1) OUR INDIAN COMPANY IS PROVIDING LC ISSUE SERVICE TO INDIAN CLIENTS FROM FOREIGN BANKS, AND WE ARE CHARGING OUR FEE INCLUSIVE OF BANK CHARGES FROM CLIENTS.
2)WE HAVE TO PAY BANK CHARGES TO FOREIGN BANK FOR ISSUANCE OF LC FOR OUR CLIENT.
MY QUESTION IS CAN WE ARE LIABLE TO DEDUCT TDS ON BANK CHARGES PAID TO FOREIGN BANK AND CAN WE HAVE TO FILE FORM 15 CA, 15 CB

Dear Sir/Madam,
Please guide me to file GSTR1 through offline tool. We are newly running a small restaurant in Tamilnadu without swiggy etc.. only table services. In the April month we have 130 bills and collected 5% (2.5% + 2.5%). Total bill amount is Rs.20000/- and collected Rs. 1000/-. How can i enter the bill details in offline b2cs sheet? only the net amount or bill by bill details? Please help to file gstr1 for april 2021.

Hi..I need to deduct Professional tax for an employee in Andhra Pradesh whose Gross Salary is more than Rs.20,000 and Rs.200pm is his deduction but he is a new employee and joined on 20th of April and his gross salary is only 12,000 for the 10 working days...so should i deduct 200pm or 150pm as he now falls in previous slab?