I HAVE FILED GSTR3B OF MARCH 2019 ON 26/11/2019 WITH LATE FEE. IN THIS RETURN WE CLAIMED ITC OF RS. 54000/- (CGST 27000+ SGST 27000). IN GSTR 2A ALL ITC REFLECTED. BUT TODAY (10/02/2021) NOTICE IN FORM GST DRC - 01A RECEIVED. IN THIS NOTICE OFFICER SAYS TO PAY RS. 54000/- WITH INTEREST. WHAT CAN WE DO? IF WE NOT FILED RETURN OF 2018-19 BEFORE 20/10/2019 WE CANNOT TAKE ITC? PLS REPLY URGENT BASIS. PLS HELP US.

1.Mr X is an NRI and a partner/owner in a b2b Destination management company(RGT) in Dubai.
2.Many partners /agents transfer funds directly to bank a/c in Dubai
3.Some partners prefer to pay locally in India .For such agents they have the option to remit funds to sister concern (of RGT) C & T Travels in India.
4. RGT has funds accumulated in C&T Travels
5. RGT owes Mr X against loan advanced by him
6.Can C&T Travels transfer the same to Mr.X bank account in India without any tax implications.Mr X is also a partner in C &T Travels
7.Is there any other alternative for repayment of loan to Mr.X form RGT without any tax implication

How can we cancel an e invoice in offline utility, because we are unable to cancel the same in GST portal, because number of invoice generated is more than 500 nos.

I have given ca foundation in nov. 2019 and nov. 2020 but i failed and want to give nov. 2021 attempt without applying for may 2021 attempt , can I do so , am I eligible and does ca guideline allow me to do so??

I took an education loan in May 2018 for my higher studies. I started repayment of the loan in May 2020. During those two years (FY19 & FY20), the accrued interest on the loan is INR 1.50 Lakh. I have paid all the accrued interest and interest generated in FY21 (Approx 80k ) with EMI and prepayment.

My question to the forum is whether the accrued interest of FY19 and FY20 can be calculated for a tax deduction under section 80E of the Income Tax Act?

Interest generated for FY21 is eligible for tax deduction but I am not sure for interest generated in FY19, FY20, and paid in FY21.

A Pvt Ltd Company has rented own premises and getting rental income

My question is whether the rental income can be shown under Income from House Property and 30% can be claimed towards repairs ?

Sir,
I.t.assess unsecured loan and Sundry debtor(cash loan) outstanding ledger balance as on 31-03-20 in books.
1.unsecured loan (name Mr.A) balance Rs: 4 lacs.
2.sundry debtor cash loan(name Mr.B) balance Rs:5 lacs.
1.Unsecured loan balance Mr.A Rs:4 lacs amount transferred to Sundry debtor loan Mr.B account Contra accounting entries passed in books f y.20-21
2.balance amount Rs: 1 lacs cash receipts from debtor Mr.B. f y 20-21
Question:
Above two transactions f.y.20-21 allowed in I.t. act.

we have prepared an e invoice and generate IRN, but we want to cancel that e invoice before filing of GSTR-1 return. How is it possiable ?

How long should a bad debt take to be written off?

Dear All
Please note there was an advance payment received for Sale of property in FY 2019-2020. TDS was deducted for the same. Now that Sale happened in FY 2020-2021 and TDS was deducted for the balance amount in 2020-2021, how to deal with TDS of FY 2019-2020? Whether I can carry forward the same? And what will be the implications of TDS in FY 2020-2021 which is carry forwarded?