Some expenses were paid by the Director from his personal account. Can the Directors loan account be reduced by the salary paid to him. What will be the journal entries in this case?

Dear Sir,

We have an Intrastate sales return in Dec 2020. For entering in GSTR- 3B it is not accepting negative figures in Outward Supply.

And in further months also we won't have Intrastate Supply.

Please suggest how to rectify

Thanks in Advance

I cleared my final examination on November 2020. I started my article ship on 2008. So, I need not complete Advanced ITT to get membership. But I registered for advanced ITT. Three classes got completed. Is it possible to cancel? will I get any refund ? Please guide.

Dear Sir,
We are distributor. We had highered third party on our behalf for do sales promotion activities and advertisement . In return third party issue service invoice with18%gst under hsn code 998599. My question is that Can we avail the Input Tax Credit on GST which is paid to party.
And can we add it to our total purchases

Hi Team,

Please refer the link below which is a part of FAQ's issued by ICAI & which states that a CA cannot certify/True copy ITR, Please clarify whether "ITR" include Balance Sheet & P&L.

Can we certify/true copy a non-audit Balance Sheet & P&L .Also suggest whether UDIN can be generated for the same.



https://www.taxscan.in/cas-are-not-authorized-to-certify-itr-as-true-copy-icai-issues-faqs/40120/

Hi All

Can J1 and J2 be updated for FY 2014-15 to FY 2017-18-TIN for customers now in FY 20-21?

Thanks in advance.

IGST SCROLLING SHOW SUCCESSFUL BUT SHIPPING BILL CURRENT QUE SHOW HIST
AND REFUND PENDING FORM 31 DEC 2020 PLEASE SOLVE MY PROBLEM

TCS on freight charges applicability as per which CBDT circular

we have missed some sales invoices in june 2020 GSTR 1, and some credit notes and debit notes of FY 2020-21, can we include that in the nest GSTR 1, pls suggest us

NRI as per resident status - because he stayed less than 182 days in FY
invested in Equity shares and MF - sold in short term buying and selling day by day..
he doesnt have any other income in india.. other than savings account interest that is less than 5,000 inr.

how he should consider taxation he had

debt / foreign fund profit 35,000
equity fund profit 20,000
equity shares profit 90,000

being NRI.. can he exempt his income as it is less than tax exemption limit.

can he first of all consider in tax slab rate. . . of all the above income. .
1-2.5 L as 0% tax
2.5-5 L as 5% tax

thanks in advance for the quick response.