Dear Sir

We have forgot to claim ITC on one bill of RS.11431/- for the month of March 2020. Please suggest below entry in tally is right or wrong.

ITC yet not availed ( Current Assets) Dr. RS .11431/- (31.03.2020)
Input IGST Cr. Rs.11431/-

Input IGST RS.11431/- DR. ( 12.04.2020 entry in april 2020)
ITC yet not Availed Rs.11431/- Cr.

If a assessee is registered with GST having transport business then can that assessee submit the return of income through Estimated Income Scheme ?

Dear Experts, I have a small query regarding section 270a, if someone has not filed his return does in that case will it be considered as Under reporting only or can it also be considered as Misreporting?

Thanks in advance

Dear Expert,

We receive a service invoice pertain to the month of Apr.'20 with bill date 30.04.20. We are going to proceed the same in our accounting system at now i.e. 29.09.20. What's the TDS rate will be applicable in such invoice. Whether its 2% or as per amended rate from 14.05.20 i.e. 1.5%. Kindly confirm.

SIR
We are private Ltd company and have completed first year of business. We have to conduct the AGM within 18 Months from the date of incorporation (i.e) before 30-09-2020. Unfortunately, We could not finalize the accounts due to covid-19. Can we conduct AGM after 30th Sep 2020?
Plz guide me sir
thanks in adv

Respected Sir/Madam,

A person who is a CFA wants to claim Profit below the 50% of gross receipts during the year. He has not availed presumptive income section (Sec 44ADA)in any of the preceding years in his ITR. Should Tax audit applicable to him in current year considering the fact that he is claiming less profit mentioned u/s 44ADA?

Thank you

Respected Sir,

Can a other Chartered Accountant take Tax Audit without any concerned of previous auditor in proprietorship firm. ?

Hi sir/madam,
This is in relation to F.Y. 18-19.
The issue is that in gstr 2A (Feb'19) supplier has wrongly charged CGST & SGST(the sale was inter state), but we correctly filed gstr 3B with taking ITC as IGST.And the supplier hasn't corrected the invoice till now. Now that ITC is not showing in table 8 of GSTR 9 saying that ITC is not available. What should I do then? Should i file the return as it is?

Respected Sir/madam,
GSTR-9 ITC MISMATCH HELP.

EX. AS PER GSTR-3B ITC - 100000 YEAR -2018-19,
BUT 2017-18 ITC RS.25000 CREDIT INT SEP-2018 GSTR-3B.
AS PER BOOK ITC 2018-19 RS.75000 AND GSTR-3B = 100000/-
DIFF RS.25000/- KAHA SHOW KARNA HAI.

Whehther this section is going to applicable since 1st oct 2020? As request has been raised by CBDT to Ministry of Finance to issue clarification or defer the provision further...but till date no such clarification regarding this provision is issued...

So we should go ahead to apply this provision?
TCS is supposed to be charged in Invoice itself?