Sir
In July-2017, ITC was shown more by error in GSTR3B say Rs.10000, Please remember (Shown more, not ustilised as set-off). This part of ITC was never used as set-off, also it was not reversed.
Monthly GST payable every month was paid (without touching the excess ITC of July-17, Rs.10000). Electronic Ledger balance always showed credit balance of this ITC Rs.10000, as it was never used as set-off. Electronic ledger balance is same Rs.10000 on 31-3-18 & 31-3-19.
In May-2019 this is reversed now, now electronic ledger balance is Zero. No GST is payable.
Q1. What should we do now in GSTR9 – annual return?
Q2. Was it correct to reverse ITC now in May-19? What should we do now about this? There was no GST Liability at any point, there is no GST liability now.
Q3. As this ITC 10000/= is reversed now, shall we reverse it again in annual return of 2017-18. In that case what about reversal made in May-19.

Is GSTR 9C is mandatory for registered person having Turnover less than 1.5cr.??

Got ULIP single premium of Rs.500000/- with sum assured as Rs. 500000/- on Feb 2005 from ICICI Pru life. In addition to this paid 2 more premiums as ICICI pru life send mailer requesting premium payment though plan was single premium.
Surrendered this June 2019 (14yrs), ICICI Pru life is deducting TDS of 1% on the surrender value.
My question is - Is the amount taxable. If not whether we can reclaim the TDS amount.
Thanks

Dear Sir, one of client is a builder , he sell normally each flat for RS 17,50,000, how ever in one case he sale the flat for rs 17,50,000 flat sale value, how ever he collected Rs 21,00,000 by way of account payment to her bank account i.e. my firm current account the excess amount is for interior designs & other works. previous accountant shows Rs 17,50,000 in GSTR-1 & GSTR-3B, kindly confirm how to proceed in the annual return OR I can show excess amount in June 2019 month GSTR-3B & GSTR-1,

Transaction related 2017-18 fY, SO WHICH ONE IS BETTER WHETHER TO SHOW IN ANNUAL RETURN OR TO SHOW IN FUTURE 3B PERIOD .
which one is better and safe, kindly please guide us in a brief manner

Sir

How is the double pay calculated for a person who has worked on a National holiday.
Suppose the salary of an employee is Rs 30000. His double pay to be paid is Rs 2000
or 1000. The doubt I have is if he is paid Rs 2000 will it not be triple pay as he is already paid Rs 30000 as his normal wages which includes 30 days pay.

Thanks

Dear Sir,
My mother-in-law want to sell the land purchased in the year 1983 with a cost around Rs.25000, the present Registered value of the land is Rs.40 lakhs, Brokerage of Rs.100000 on sale to be paid, she is a senior citizen, she had paid stamp duty and Maintenance charges,EC Charges etc. for the property around Rs. 25000, Kindly guide which on is beneficial to her whether With Indexation or without Indexation. Kindly guide how much capital gain tax she has to pay under both the categories and also guide for tax savings by any investments.

Sir/madam,
if a individual assessee sold the plot in February 2019 (sale deed executed in February 2019) but assessee en-cashed the cheque in April 2019, then in which financial year assessee considers the sale proceeds of plot in ITR because assessee not yet invested that money for claiming exemption??

One of the biggest and most ignored issues in the profession is recovery of fees. The old tactics of withholding books and passwords don't work anymore due to digitisation. The concept that another CA won't accept the client's file due to non payment of previous CAs dues, has become redundant due to entry of a lot many professionals.

What a practicing CA should do in when the client refuses to pay the full amount even after services are provided?

Dear Sir,
One among my friends is doing CA IPCC. But now his status in the site shown as required for revalidation..Now I would like to know that how I will help him....Kindly give me the procedure&link for Re validation

Dear sir,

I have sold my flat and its attracts Capital gain, so I want to avoid tax on capital gain so i am planning to purchase room in chawl system. Is it taxable or Exempted

Nandkishor