one registered dealer ( a small pvt.ltd.co ) raised a commission invoice for liasioning service between foreign manufacturer and foreign buyer. Just money is wired to indian company's bank a/c.

is igst payable by this pvt ltd. company as export of services? she has no lut for service providing.

my view--> no igst as service is offerred and completed abroad with no connection in india. Just director did not fly outside, she workd from her mumbai home.

Dear all, for example we have prepared an Invoice for 1000 Qtls of a particular item on 30-11-20. Goods not moved in actual & it will take place in next 5 - 10 days in instalments. Kindly advise the time limit / when we can prepare E Invoice? What is maximum time limit / time of preparation of E Invoice.

A gst registered composite scheme dealer cancel of GST number applied Dt:01-10-2020.gst number cancel reason for turnover below 40 lacs limit.if gst department officer turnover below 40 lacs limit proof asked.
Question:
Dealer how to proof turnover below 40 lacs limit submit producer.

R/sir,
As per New updation in Income Tax, T/O Showing in 26AS, this is acceptable. but i have a query related to this changes one of my client running his Grocery Business have O/D a/c doing transaction (B-C) deposited cash in OD a/c 45 lakh rs. during the f.y.19-20. and 26AS showing T/O on taxable amount which is 28 lakh rs.
1) Now, i've a confusion related to Turnover Showing on income tax which amount should i show as T/O in IT ?
2) He deposited cash 45 lakh in O/D a/c but amount was related to business but it is showing in SFT-004 CASH DEPOSITED (OTHER THAN CURRENT A/C). But this Amount completely business transaction.
sir please tell me about this query and thank you so much in Advance.......
for your valuable help.....

we are the organisation providing service of calibration of equipment in our lab at faridabd office in Haryana. we are receiving equipment for calibration from various customer within haryana and also outside the haryana. after calibration we return equipment with certificate and charges some amount for that service. may please clarify changeability of GST.

Thanks

Dear Experts/Peers,

Good Evening to you!

I am on a discussion with the buyer on the subject matter. Since even professionals opinions also got confused I wish to post this in this forum to have a clarification.
The deed is for seventy lakh Indian Rupees. Seller is my wife (I have gifted the same to her) and the buyer is having some conditions as 30 lakhs will be shown in the sale deed and paid the same by DD. The balance amount will be transferred through RTGS either to my account or to those multiple accounts I wished to transfer.

Please let me know what the buyer meant by such transactions (on legal point of view) and how I could account this one? Whether the amount transferred (40 lakhs) through RTGS to those accounts (I preferred the amount to be transferred to some of my closed relatives/friends including my two daughters whichever is feasible) ALSO will be considered as legal/white money transactions since only 30L has been specified in the sale deed.

Please let me know what sort of legal/IT issues will arise on above deal and whether that 40 lakhs also been considered as white money transactions ? - in that case how could be deal this matter without such issues?

Thanking you,
Regads
gk

Good Evening,

I am lookout for Internal audit plan and checklist for manufacturing company.

Anyone, please help me and I need to it as soon as possible for preparing for some audit.

My email: ialearner01@gmail.com

Thanks in advance & kind regards,

Haider

Hello Sir/Madam,
Vehicle fancy number can be capitalized or it can be considered as fixed assets in the books of account , please guide me.

Thanks
Rocky

I am a NRI and getting salary from foreign employer in that country which is taxfree. Now i am sending the money from Foreign Country to my NRE account at India and making online FD from NRE Account. The NRE FD is showing in SFT Transaction in Form 26AS.

Whether I need to show the transferred amount to NRI account as exempt income or no need to show the same in Income tax Return.

I am working for a hospital which is trust and its turnover is 150 cr. As per the GST rule from 1st January 2021 who's total turnover above 100 cr need to do E invoicing. I have bellow doubts kindly please clarify me with proper steps.

1.Hospital service is exempted services and only we are paying GST for the pharmacy sales only hence is it required to do E INVOICING?

2. Hospital services will be provided to end user only hence is it required E invoicing?

3. IF E invoicing is required to me implement is it required for both Exempted and taxable services ?

Kindly please clarify the above and help me