I am clearing and forwarding agent and opting accrual basis accounting system. In the month of march 19 I had issued service bills of Rs. 12,00,000/- but service receiver company opting cash basis accounting and deducted TDS on march bill in FY 2019-20.

Due to that reason my turnover has decrease by Rs. 12,00,000 in Form No. 26AS credit and it will increase by 12 lac in next FY 2019-20. Therefore CPC issued notices regarding in both year. Therefore I want to know how I will show turnover to avoide CPC notices. Any Expert opinion in regards the same matter. ?

Dear Sir/Madam

We have received an invoice for deducting TDS under section 194C, Total invoice value is INR33,866 (inclusive of GST), gst shown separately on invoice, but amount before GST is INR28,700/-

Do we required to deduct tax at source?.

Please reply

Thanks in advance

Whose AD Code should be given at time of clearance from CHA in case of High Seas Sale either High seas buyer who clear goods from port Or High Seas Seller who import goods from foreign country?
Please help me on this issue if anyone has knowledge regarding this.

XYZ supplied goods for export without payment of GST under LUT. The customer made the payment against the same at an early date than the stipulated and therefore asked for a reduction in the amount to be paid by him to XYZ. Therefore, XYZ issued a credit note with a description ‘Towards interest cost of early payment’. Is XYZ liable to pay GST under reverse charge on the amount of credit note?

A car was purchased back in 2014 which has been currently sold i.e. during FY 2018-19.
WDV as on 01.04.2018 of the Car as per books of account is INR 2,00,000/-
Sale of Car on 31.03.2019 at INR 1,50,000/-
My doubt: How will i book the loss of INR 50,000/-? Can I debit the loss from the Statement of Profit & Loss and thereafter add it back for income tax purpose during MAT calculation?
Kindly clear my confusion while calculating profits under both Companies Act and Income Tax Act.
Looking forward to an expert solution.
Thank you.

from April-2019, I do not take any ITC of input GST on commission / service fees / telephone charges of zomato,swiggy,and dunzo party. now I want to take ITC ( input GST) from April-19 to September-19 . so, how i can take these credit .and please say me which entry i can enter in the tally.

Dear Experts.

We have to forgate to claim IGST by mistack in GSTR-3b in Aug-19. but taxable value of the same credit has mention in GSTR-3B but Amount of IGST ITC has been not claim in GSTR-3B.

Please advise what we have to do.can we tack credit in Sep-19 & how Taxable Value & ITC of Aug-19 need to shown in Sep-19 Return

We are a subsidiary of a foreign company having headquarters in Singapore. They have recently in-fluxed more capital in our company. Now while filing the ITR, CA firm has advised me to obtain PAN number from foreign company who is investing in India. In 2011, it was not mandatory for foreign company to obtain PAN. If there is an amendment, kindly let me know.

What is TDS % for service of Erection / Installation of Pre Fabricated Building ?

Kindly help me for the object clause for To carry on business in India or abroad on behalf of the company for providing warranty including extended warranty to the customers directly and through agents and to act as agent, consultants,booking agents or deal in all types of repair and maintenance service of computers, home appliances and all types of electronics products.