Dear All

Please note we have to bill certain FOC items to party. Can we do the invoicing only with those items showing Zero as taxable value for the entire bill? Issue occurred as other items in the order was already sent with another invoice and FOC items we had no stock during that time.

Thank you in advance

I have attached letter for extension through ASMT-11...yesterday was the last date...now i want to submit reply of the notice but ASMT-11 is blocked...what to do?

AN INDIVIDUAL AUDITOR IS ELIGIBLE FOR ONLY 5 CONSECUTIVE YEARS FOR BEING STATUTORY AUDITOR IN A PRIVATE LIMITED COMPANY.
SO, IF AN INDIVIDUAL AUDITOR IS BEING APPOINTED AS FIRST AUDITOR IN A PRIVATE LIMITED, THEN CAN THE SAME INDIVIDUAL AUDITOR BE APPOINTED AS SUBSEQUENT AUDITOR FOR NEXT 5 CONSECUTIVE YEARS IN THE SAME PRIVATE LIMITED.
WILL THE PERIOD OF FIRST AUDITORSHIP WILL BE CONSIDERED FOR CEILING LIMIT OF 5 CONSECUTIVE YEARS ?

PLEASE ADVICE ME HOW TO SHOW CREDIT NOTE AND DEBIT NOTE IN HSN INWARD OF GSTR-9
WITH THANKS

While filing TDS under 26 QB, I accidentally selected the wrong values for the fields -
1. Whether it is last installment? [I entered "Yes"]
2. Total amount paid/ credited in previous installments, if any (A) [I entered Rs.65,10,000]

I was actually paying my 1st installment and the next installment will the last installment. So, I need to correct the responses as follows -
1. Whether it is last installment? -- Need to correct to "No"
2. Total amount paid/ credited in previous installments, if any (A) -- Need to correct to '0'

Please advise how I can do this. I am aware that this will get assigned to an AO, and I may be asked to provide some documents. Could you please advice what these documents could be so that these corrections can be made?

I am worried that if I am not prepared, or there is some non-cooperation from the seller, I may have some trouble with the TDS authorities.

Thanks for your help, and looking forward to your response.

Hello GST Experts
My friend is running CBSE higher sec school under Charitable Trust. He is collecting Tuition Fee, Notebooks Fee, Stationery Fee, Sports Day Fee, Children day celebrating fee from the students. He is providing all mentioned services to the children against collecting the fee. Here, GST authorities are asking to pay GST for all fee collection except tuition fee. Some articles were mentioned charitable trust running schools no need to pay GST.
Kindly clarify my question along with the notification

Order of DRC 07 U/S 73(5) issued against SCN issued U/S 73 for FY 2019-20. Such case covered u/s 128A?

What is the applicability of GST on corporate guarantee, is it compulsory requirement

As per the second proviso to the Section 10 of the CGST Act, a composition dealer can supply services of the value not exceeding 10% of the turnover in a State in the preceding financial year.

Hence, a manufacturer who is a composition dealer can supply services, 10% of the turnover of the preceding year and pay GST @ 1% both for the supply of goods and services.

Example: Turnover in the preceding financial year is Rs.70 Lakhs, then the manufacturer can supply services for a value of Rs.7 Lakhs and pay GST @ 1% i.e. Rs.7000 along with supply of goods.

Please confirm if my understanding is correct.

You are discharging your outward tax liability with maximum utilization of ITC and depositing the cash below the ratio of 10%,therefore you are directed to explain your position on the same..3

I have been asked above mentioned query..what does it mean? and how to explain this? this is for the financial year 2020-21