Respected Sir,
Kindest regards to you.
Please guide me and oblige.

Total Sales Rs 1,14,62,383
6% Net Profit will arrive as at Rs 687,643 under section 44-AD
Tax Liability will arrive as at Rs 52 Thousand approximately

As a matter of fact maximum profit will remain in between 3% to 4% and in such case if we choose tax audit for the assessment year 20-21 year ending March 20

whether we will have to remain in tax audit category for all the coming 5 years
whether for all the coming 5 we wont be able to come back again in 44-AD category

Govt Contractor has shown work done for FY 18-19 (As per 26AS) as sale in FY 19-20 (Both in 3B & GSTR1) amounting to Rs 50 lakh.

Annual return of 18-19 is still pending to be filed. 3B and R1 of Sept 2020 also pending.

What should be done now?

good morning sir
during the month of sep’17, the consultant put purchase value in IGST coloumn instead of ITC amount. the mistake was reversed in jan’19 under ITC reversed coloumn. we didn't avail the ITC anymore. now how to handle this in annual return . ? kindly help me in this regard sir.
we

Assessee was asked to take registration under ESIC retrospectively from 1-2-16 in FY 19-20. Assessee pay Employer & Employee's contribution from 1-2-16 to 31-3-19 in FY 19-20. Whether employer contribution will be allowed u/s 43B. Whether employer contribution is prior period expenditure and will be disallowed under income tax?

As a Recipient of supply, I have Purchase returns in my books. How to show the same in GSTR-3B and GSTR-1 both? Kindly advice.

Sir/madam , for GST Registration of Medical Store ,under composition scheme ,category of registered person is being asked.

Option are as follows-
1) Manufacturers, other than manufacturers of such goods as may be notified by the Government for which option is not available.
2) Supplier making supplies referred to in clause (b) of paragraph 6 of schedule II
3) Any other supplies eligible for composition levy Sir from above which option to select.

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