Dear Sir,

Month of february'2020 returns while typing the input portions we have entered amounts wrongly set off also done. Feb'2020 we made some amount CGST/SGST but becuasue of input wrong declaration cash ledger showing our paid amount and credit ledger also showing for this how to rectify this return or we have to correct next month only.any interest and penalties applicable for this kind of cases..

Greetings of the day,

one of my client is supplying sand to main contractor (mega engineering ) for government works without any charge for sand value
he is getting charged only for the service of supply of sand to mega engi....

now my question is what is the gst rate on such services 12% or 18% p;ease guide me

thank you in advance

A transporter wants to know the GST EXEMPTION SLAB. Gross receipt for the year ending should be 20 lacs or 40 lacs and as after which slab there stands GST liability on the shoulder of TRANSPORTER.

Dear Professionals
During financial year 2018-2019 from August 2018 onwards we raised some invoices for Plastic Parts of AC on which GST tax rate 18% was levied less than what was required (28%)to be charged. Now we want to raise Debit notes for deficient tax liability arises due to shortfall in rate of tax charged in that financial year.

Please provide your suggestions on below mentioned questions alongwith support of provision of Law.

1. Please suggest can we raise Debit notes in the current financial year:-
a) For supplies made from August 2018 to March 2019?
b) For supplies made from April 2019 to till date?

2. Also please suggest would our customer be eligible to take ITC on these Debit notes which will be issued for supplies made in financial year 2018-2019?

TDS will have to be deducted at higher rates (30% for salary and 20% for other categories) if PAN is not be available.
We have also deducted at higher rates and paid to govt.
Later on the person submits PAN then we should reverse / refund the excess TDS deduction are paid to the person.

Plese guide me

Dear Sir,

I am Working as a accountant last two to three month i am preparing Balance sheet 1st time so please could you give me full information about how to prepare perfect balance sheet in tally

Regards
Dixit

An Australian Company is wholly owned by an Indian Company. Can someone tell, what would be the tax on Australian company if it pays dividend to Indian holding company?

Apart from auditing, can a CA charge consultancy fees to a company?

Dear Professionals,
My company paid GST as the vehicle was captured by RTO officer. The company paid GST alongwith 100% penalty.
Please suggest can i claim the amount of ITC on
1. GST paid
2. Penalty paid on GST.

Suppose a person having more than Rs.5 lakh total income pay excess tax of Rs.2000/- and fails to file Return and now in March he will file return with a late payment fee of Rs.10000/- u/s234F. Now my Quest is in ITR e-filing portal it shows balance liability of Rs.8000/- (after adjusting Rs.2000/- excess tax paid). Now Rs.8000/- which head pay??? wether basic tax or others? please tell me how to prepare challan for Rs.8000/- under what head Rs.8000/- late payment fee to be shown?