Dear sir,

i had transfer my share from my One Portolio manager demat account to My other portfolio manager demat account. is there any capital gain on short term holding .

My neighbour runs a security business but during the financial year 16-17 before implementation of gst they were liable to charge the service tax from their customer but unfortunately they did not had any idea regarding charging the service tax.. but now when they came to know they have forgotten to charge service tax, they have approach those customer for payment of service tax but their customer are not giving a good response.
In this case what is the best we can do it???

Hello,

May i know how to return display items and their stand, return to the company from dealers by complying GST for transportation. What are the documents should I keep for transportation. Its worth will be more than 50000/-

Regards,

I filled wrong TAN during my return filing and received intimation /demand mail from due to unmatched TDS amount.
To correct this, I went in to efile ->rectification->Incometax->2021 and then selected Retuen data correction(XML).

After this, I checked TAX payments had not matched as per the CPC order. In this, following possible schedules appear.
SCHEDULE TDS,
SCHEDULE TCS,
SCHEDULE IT,
SCHEDULE BBTP,
SCHEDULE TPSA

Can you please guide me on which is the right schedule to select just to correct TAN entered earlier?

Also to obtain the previously processed incorrect data, I went in to MyAccount->View efiled Returns/Forms and obtained xml from the link after clicking the acknowledgement number. In this xml , I modified just one node which is TAN to the correct data.

Can you also please guide if what I did to get the previous xml and my correction in xml is correct or are there any other things I need to take care of?

Thanks in Advance
Raj

what is the HSN code and applicable GST for terry towels manufactured in Sholapur ?

WE HAVE OPTED QRMP SCHEME FROM 1ST JAN 2021. IN THE MONTH OF JAN 21 OUR SALES IS BELOW 50 LAKHS AND WE HAVE FURNISHED IFF AS CUSTOMER NEED. IN THE MONTH OF FEB OUR TURNOVER IS 68 LAKHS. WE COULD NOT FILE IFF AS THE LIMIT OF IFF TURNOVER IS 50 LAKS. OUR MARCH 21 TURNOVER ALSO ABOVE 50 LAKHS (SAY AS SAME AS FEB 21 - 68 LAKHS).
1. I HAVE TO FURNISH IFF OF FEB 21 THEN ONLY I MAY RECEIVED MY DUES. IF I FILE IFF, PARTIALLY I.E. 50 LAKHS HOW TO ADJUST THE BALANCE 18 LAKHS OF TURNOVER.
2. WHETHER I CAN INCLUDE THE FEB 21 TURNOVER, WHICH MISSED OUT CAN BE CLUBED IN MAR 21. THEN WHAT ABOUT THE BALCNE TURN OVER OF MAR 21
(FEB BAL 18, MARCH 68, TOTAL 88 IFF 50 BAL 28)
3. AT THE TIME OF GSTR1 OF THIS QUARTER (MAR 21) MAY INCLUDE TOTAL TURNOVER OF (JAN 50, FEB 68 MAR 68) THEN HOW I TO WORK

The issuse is I have applied for certified copies of paper idt , but I recieved paper scmpe,dt,elective paper certified copies not paper idt.. I have been contacting helpline exams icai and send mails since 3 weeks but I’m not getting any response to that

I will receive variable pay in April 2021 for the services of March 2021. In which financial year Form-16 it will be reported and taxed?

SIR- I am a steel trader ( GST @18%). I add the freight in rate but not separately when I sell the goods to my party directly from my supplier which means I collect the freight indirectly.
My doubts are,

(1) If I pay the freight on behalf of my party, whether it is treated as inward or outward to me?

(2) Am i liable to pay the GST on freight charged?

(3) Rate of GST on freight ?

Plz guide me
thanks in adv

hello there,

please guide me through this query...

We run a Private Limited Company (Partnership) and as the business is growing we want to expand the business but there is a space constraint in our exiting unit so there is no option but to budge to a new location.

Now there are two options :-

1) To Form a company on new land with New name

pros - All new companies formed after oct 2019 come under new tax Slab ie 15% (currently we are 25%) also we can go through Subsidy

cons - but we have to bring up capital from our own pockets

2) To Form a company on new land by starting the new unit under exiting pvt company

Pros - The exiting plant can sponsor the new unit thus it will show up in expenses of balance sheet hence save tax

Cons - We cannot apply for any subsidy also we would still remain under 25% slab

i want solution wherein we can undergo subsidy come below 15% slab also the funds can be sponsored by the exiting unit

thanking in advance !!