We have taken wrong itc of hotel 60000 but after 2 month we have reversed the same.
During this period we have excess itc credit approx 20000 in credit ledger which was not utilised .and cash ledger credit approx 35000 which was not utilised.
So pls advise whether we have to pay interest on 5000 only or 60000 ?

Sir, one of my client is taken sub lease from original lessee. Here my doubt is 1.noc for incorporation of company is taken form lessee or landlord.
2. If NOC is teken from lessee, what proof should attached along with NOC. The power bill is in the name of land.
Please suggest any solution

A gst registered composite scheme dealer purchases of gold/ silver bars from un registered persons.
Question:
Dealer RCM payable compulsory in gst act

Thanks in Advance

We have Private Ltd co. paid up capital of Rs. 1L Face Value 100 each share and want to issue share to its Promoter / Director with the proportionately .
My Query is 1) Can we issue shares at Face Value ? ( Note - Now the Book Value of Share is in Thousand & Co. age is around 15 year Old ).
How we issue New share to its members and what are the procedure to execute this process.

Thanks

Dear Expert,
We have sale the "Duty Credit Scrips" under the HSN code 4907 and generate the E-invoice through GST portal.
My question is whether we will have to generate the E way bill in case of said sale.
Further we are confusing that the "Duty Credit Scrips" falls under the Goods or Service.
Kindly guide us.
Thanks & Regards
Prem Chandra Thakur

Is the interest earned annualy on employee's contribution under unrecognised provident fund exempted from income tax while in service?
please clarify?

Dear experts,
Tangedco (Tamil Nadu Electricity) raising the bill including Meter Rent. And meter rent paid is comes under 18% GST. IT is also reflecting in GSTR 2A. Can we avail ITC for that.

I want to close Capital Gain account opened 3 yrs back in SBI , i have used the amount buying property within 3 yrs & submitted the relevant documents to bank also now bank is asking to get approval from concerned AO- IT , is it mandatory to take approval from AO to withdraw my interest accrued amount.
Please anyone guide me with this regard

Sir,
One of my client is registered as Trust but not under IT,but getting PAN under Trust name. Trust Started in 2000 till now no IT return was filed. During 18-19 its TO 80L & Profit 3.5L. My Query is
1. Whether it is Trust or AOP under IT.
2.Which ITR (5 or 7) to be filed.
3. whether Audit by CA is mandatory.

While filing GSTR 9 Annual Return of f y 17-18 Particulars of the transactions for the FY 2017-18 declared in returns between April, 2018 till March, 2019 were shown in Item No 10 and added to total turnover.

Now while filing GSTR 9 of f y 18-19 they need to be reduced from Turnover of f y 18-19

In which column of GSTR 9 this is to be shown ?