Dear Sir / madam

Pl suggest sales return of B2C within state not taken in GSTR1 only out of state selected where to add B2C sales return in gst its very urgent pl suggest sir value of the bill is more than 2 00 000/- amt

If Tax Audit is required in following case :-
Sales Turnover in FY 2019-20 : Rs 1.45 cr
Whether Net profit is >= 8% (or 6%) : No
Whether Cash Receipts or payments greater than 5% each : No
Whether profit declared as per presumptive taxation scheme in any of the five preceding years : No
Whether opted for presumptive taxation u/s 44AD : No
Whether Tax Audit applicable? If yes, under which section?
Please confirm that Net profit percentage below 8%/6%, or even loss would not force a Tax audit in this case!
Thanks.

If a seller insists that he will give a B2C GST invoice and not B2B, meaning he will not mention my GST number on the invoice, can I take any action against it?

TCS to be deducted on GST amount also and what is rule to deduct TCS.

Respected Sirs,

Kindest regards to all of you.

I shall be highly obliged for your guideline.

I have to file GSTR-3-B for the month of Sept 2020 due date of which is 22-10-20. With effect from Jan 2020 till today there is some left out ITC also which has not been taken till today in any 3-B . As I have to take the left out ITC, I would like to know as from which month the left out ITC can be taken into 3-b for the month of September 2020.

Assess sales of turnover f y :19-20
rs:60,00,000/- with gst 18%tax rate rs:10,80,000/- total rs:70,80,000/-
Question:
Assess I.t. returns filed sec 44ad 8/6 profit declare applicable sales turnover rs:60,00,000/- or 70,80,000/-.

Female i.t. Assess cash gift to daughter in law rs:1,50,000/- in f y.29-20.
Question:
This transaction u/s 64 which assess applicable( clubbing of income)

Sir, who has made it a rule to buy from the farmer outside the market, is there a limit of Rs. 200000 in cash payment to the farmer or not, and if so, what documents do we have to take from the farmer at the time of purchase?

ASSESSEE HAS NORMAL BUSINESS HAVING TURNOVER OF RS. 12 CRORE. HIS BOOKS ARE SUBJECT TO AUDIT. SALE OF SHARES 97 LAC AND 1.00 CRORE PURCHASE OF SHARES. TRADING IN DERIVATIVE INTRADAY 58 CRORE. SUM TOTAL OF PROFIT AND LOSS IS RS. 20 LAC AND ACTUAL LOSS FROM SHARES AND DERIVATIVE IS RS. 3.00 LAC. STT HAS BEEN PAID ON THESE TRANSACTIONS AND TRANSACTIONS ARE CARRIED OUT FROM RECOGNISED STOCK EXCHANGE.
QUERY- 1. WHETHER TAX AUDIT APPLICABLE FOR SHARE TRADING AND DERIVATIVE TRADING BUSINESS? 2. LOSS FROM DERIVATIVE AND SHARE TRADING ARE SPECULATIVE LOSS OR NON SPECULATIVE ? 3. HOW TO SHOW ABOVE TRANSACTIONS IN ITR. SHARE AND DERIVATIVE ARE NOT GOODS OR SERVICES AS PER INCOME TAX ACT. HOW TO REPORT IT IN PROFIT AND LOSS ACCOUNT.

Respected Sir,
Kindest Regards
I shall be highly obliged to you for your guidelines.

Query:
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After downloading GSTR-2-A where are the JSON file and Excel file both are found available as in which folder of our computer.
yours tarique rizvi
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