Extraction From Sec 194Q,

Sec 194Q(5) - The provisions of this section shall not apply to a transaction on which,
(a) tax is deductible under any of the provisions of the Act; And
(b) tax is collectible under the provisions of sec 206C Other than Sec 206C(1H)

Extraction From Sec 206C(1H),

2nd proviso of sec 206C(1H) - the provisions of this sub-section shall not apply if the buyer is liable to deduct tax at source under any other provision of this Act on the goods purchased by him from the seller and has deducted such amount.


In conclusion, TDS is applicable even TCS is collected u/s 206C(1H) But TCS is not required to collect if TDS is deducted by the buyer. So better, the buyer has to deduct TDS.

Please guide me if I analyzed these sections.

I had applied for ca foundation registration and paid fees of Rs 9200
as on 24th dec 2019 and submit
and got application number Now i want give ca foundation May 2021 exam but still i not get Student registration number and the status of application pending till now when i contact to institute they tell to duplicate payment So i want to ask you if i payment 2nd time they will refund or what if they refund what is the procedure please guide

Sir/Madam

Respected professionals kindly help us to treat the Sign Board. As we purchased Sign board for Rs. 82,340/-, can we treat the same as Fixed Asset if not then should we deduct the TDS then on which rate we deduct .

Turnover as per Audited Financial Statement V/s Turnover as per GSTR-9

I am running a proprietary firm with difference GSTIN. Total turnover as per audited financial statement is Rs 6 Cr (Rs 4 Cr for firm A + Rs 2 Cr for firm B). My question is that, which turnover I should declare in GSTR-9C at column 5 "Turnover as per Audited Financial Statement for the GSTIN"

We are receiving transport bill from service provider who is registered under GST and providing service to our Local customer and Interstate customer.

Kindly advise while paying RCM is it required to pay CGST & SGST for both local and interstate only or we have to pay IGST for Interstate transaction.

Kindly advise with GST %

is section 194 C applicable if invoice value crosses threshold limit Rs. 30000/- including GST but does not cross Rs. 30000 exclusive GST?
will TDS be deducted U/S 194C ?

Sir,
We trader, we are purchase the material of X company , some time the material was dispatched directly from Company (Manufacturer) or Some time the material was dispatched from the Stock Point of Distributor. I just want to confirm that who are liable for TCS Manufacturer or Distributor.
Please advise.

Regards,

Any news for Extension of GSTR9 & 9C 2019-20 ????????

INVESTMENT BY
A B C D E
% % % % %
I A - - 33 33 30
N B 33 - - 33 30
V C 33 - - 33 -
E D - 28 28 - 28
S E 30 30 30 - -
T
IN

ALL THE ABOVE COMPANY MERGE IN E PVT LTD. HOW DO WE PREPARE THE CONSOLIDATED BALANCE SHEET OF E PVT LTD.

I have a client who does the job of marble granite, yet he is taxing 12% on the job bill, but most of the job workers are also levying 18%, tell us the right for what is the correct rate. ?