Hi, Please guide
I have purchased some material and booked input in May 2020. But same bill will be reflected in next month's 2A e.g. June 2020 as the Vendor file GSTR1 on quarterly basis.
Thus, please guide can I claim full Input Credit in the month of May 2020 ? Or i am entitled to get only 10% of Input Credit as the same doesn't reflect in the 2A of May 2020 ?

Can TDS & GST is deductible on government grant receivable to NGO

We are a trading firm, we have multiple transporters about 8-10 whose individual freights are under 30000.00 but the total amount of freight during the year is more than 1,00,000.00 annually. So is the TDS applicable on freight and on what amount?

Any expert opinion?

I have done f&o trading from my grandfathers money and i have no income and have lost 8 lakh in f&o trading my turnover is less than 1 crore so should i require to present my loss as i have no income

Company is deducting tds on salaries for its employees for FY 2019-20. Shortfall was observed for 5 employees. Hence the company paid the shortfall amount in June. But the payment was not made as a TDS payment. The company by mistake paid as self assessment tax quoting the employee pan.

Whats the solution to this problem now. If tds return filed as such it will attract penalty?

Hi

we are private limited company, we had taken a rent a cab service from a individual with tax charged @ 5% cgst-2.5%, Sgst-2.5%, but the service provider has charged tax in the invoice and not mentioned that " tax is payable under reverse charge mechanism, my doubt is whether we have to pay the TAX as RCM or we shall pay the entire bill amount including the tax to the service provider since service provider has not mentioned as rcm payable and charged the tax in the invoice, please clarify me.

Thanks & Regards
Santosh

Can a partnership firm invest in another partnership firm. If so what are the things to be kept in mind in doing so.

Dear Sir

Please update me whether the disallowance on account of non deduction of TDS in case of interest payment u/s 194 A is applicable in case of an individual business where total turnover is less than 2 crore and 44 AD audit is applicable,Please convey the exact provisions under which we can rely

SIR
A private ltd normally will have its bank account for its business operation. Suppose the director of company have other businesses, can he use the bank account of Private Ltd Company for other business operations?

If yes, whether the transactions of other business should first be accounted in the books of Pvt Ltd Company and then, journals to be passed with other units? OR they should directly be accounted?

thanks in adv

A - Transport Vehicle Owner
B - GTA (Preparing Consignment Note)
C - C&F Agent
D - Exporter

Transportation Charges billing is taking in following Sequence
A to B,
B to C,
C to D

Who is liable to pay GST and at what rate on Transaction between
1. B to C
2. C to D