Dears,
I have a question.
1. how to make invoice if buyer same state but delivery of the material out of india?
2. Which tax applicable SGST+CGST or IGST ???
3. Applicable Tax Rate ??? assume tax rate in state is 18% as per HSN code if we supplied in india.
4. Any provision of duty draw back applicable to us???

Hi All,

I have come across a case where a Assessee was intending to open a new Sole proprietorship firm and for that purpose opened a bank account in the name of the firm to apply for loan in the name of the firm. However since the business did not run well in the 1st few months of its intended formation the operations were suspended. The firm did not have a PAN number and there are few income credited to the new firm's bank account. How should this income be treated?

Should this income be considered in the Sole Proprietor's income?

Please assist on the above.

Some query at time of filling annual return ,We had made sale in FY-2017-2018 in month of march .but same sale not consider in month of march in 3B and also GSTR 1 , same sale also consider in month of June 2018 3B and GSTR-01 Return and also paid the liability of same.So we not understand how show the same sale in Annul Return.I requested Please provide reasonable solution regarding the same.

I have purchased a Truck and availed term loan from Cholamandalam finance with EMI. I have paid the dues as per the EMI only. In my audited profit & loss account I have claimed interest on Term loan for the assessment year 2013-2014. Now there is an audit objection from IT department that the assessee is failed to deduct TDS on interest paid to Cholamandalam. Pls. suggest what to do in this situation.

Sir
My client has not shown his pension income by mistake in 3 yrs. He wants to get the return revised to show that income.

1..Can he revise it?
2.. If he want to show the pension amount of last 3 years in the AY 2019-20 while filing his return, Can he ?
Pl advise.
Regards

RESPECTED SIR

we provide free service for 30 days to new business registered on our application
whether any gst payable for the same ?

(for AY 2019-20)
I declare my regular business income (ready made garments) u/s 44Ad, which will be disclosed in itr 3 column no 61 (presumptive) in schedule P/L. But I also have speculative income (itraday sale of Shares). Can I also use column no 65 to disclose speculative income. Is it permitted by the law for presumptive tax payers that one can use column no 61 for normal business as well as column no 65 for speculative income in the same itr 3 in a particular assessment year.
Total turnover is 35 lakh and total income from all sources is 3,65000/-. Will there generate any need for audit as concerning the circumstances?
Thank you.

Hi

I transferred a wrong amount (transferred in excess) to one of my client. He now is refusing to return back the money paid in excess quoting the GST complications.

Please advice if there is any GST complications for the amount transferred by mistake and on how much advance amount can GST be charged. Is there any limit to charge GST on advance payment?

Please advice.

Hi Sir/Madam,

the ITC as per GSTR-2A is more than ITC claimed in GSTR-3B,
is it possible to use the difference ITC amount by increasing the sales in GSTR-9, while filing the return?

Query:- One Proprietor has two business Business X has t/o of 2.5 Cr and Business Y has T/o of 5 Lakh How to conduct tax audit report and how to issue financials statements in Tax Audit?