we are infrastructure company.We have un-utilized GST input (ITC) with us and there is no Set off made against this any output liability becoz there in no Output GST liability.

Now we have not paid Some of suppliers for more than 180 Days

will there be any interest on reversal of input GST on non payment to supplier after180 Days?? because we have not used the ITC why there should be interest ??

I have received building from related person covered under income tax worth Rs 5L and paid the stamp duty for the gift deed & has duly registered the deed.
Now my question is
Whether i can book the whole value of gift in my books of account? If yes provide the basis to show in the audit?

Respected sir/mam,
I am qualified charted accountant .Looking for work from home opportunities. Having a good knowledge in accounts and audit department. Due to family commitments cannot take full time jobs...Looking forward for the suggestions ....Kindly connect through email sonikat88@gmail.com

what is the accounting proceedure for accounting subvention income invoice received from bajaj finance ltd to a dealer dealing in electronis?is TDS u/s 194h is applicable while remitting by the dealer to bajaj finance limited? GST 18% has been charged in the invoice is the gst component in the invoice avaiable for ITC in the books of the dealer?

If PY 2018-19 is the 1st year of new Firm which crosses the Turnover Limit for Tax Audit at the end of the year, is TDS provisions applicable or is it exempt being 1st year of business and audit.???
Kindly Guide and if possible share the applicable provision to Refer the same.

Dear Experts,

40(a)(ii) any sum paid on account of any rate or tax levied on the profits or gains of any business or profession or assessed at a proportion of, or otherwise on the basis of, any such profits or gains;

43B(a) any sum payable by the assessee by way of tax, duty, cess or fee, by whatever name called, under any law for the time being in force, or

Income tax expenses is disallowed under section 40(a)(ii), can it be allowed under section 43B(a) at the time of making payment?

GST Fees Allowed as expense under income tax Act. and if any case law please provide

DEAR SIR/madam,


I have one confusion in Form 3CD we required to disclosed chapter VIA deduction . I want to know whether such deduction expenses should form part of capital account of proprietor?.

If we will enter deduction details in form 3CD as it is the personal expenses of the assessee not of firm business , it will go?

We are registered Transporter (GTA). We transport mainly Cement. We carry Cement from Manufacture Factory to Manufacture Dealer. We make Transport Invoice without GST. The Manufacture paid GST in our behalf on RCM Basis Now Question Is : 1. In which column we put the figure of Total Transport Invoice making by us (Month wise) in New Return Prototype offline tools ? At present we put the sell figure in month wise (Total) in column No 3.1.C of GSTR3B. And In column No 4A,4B,4C,6B,6C- B2B INVOICE of GSTR1

We are advertising on Facebook. Facebook shows our logo on some pages and whenever someone clicks on our add we are charged on pee click basis.

Suggest me if tds is not required to be deducted then under which section it faals ??


Mayur shah