Good Morning  to all Expert ,

Yesterday new judgement issued by  Telangana and Andhra Pradesh High Court  regarding Interest on gross liability. Section 50                       

                Telangana and Andhra Pradesh High Court in M/s Megha Engineering and Infrastructures Ltd. v/s The Commissioner of central tax, Hyderabad, The Assistance Commissioner of central tax, Kukatpally and The Superintendent, O/O The Superintendent of central tax, Hyderabad on 18th April,2019

Sir just wanted to know that will we paid also interest on late filling of return  3B when we have no tax liability ( means 1000 rupees output liability and 2000 input liability) In this case we have no liability of Gst . But if we will file late return . Than will we  alsp paid interest on gross liabilty with late fee.

please reply

Dear experts,
I want to know can we make payment for paying tax under Gstr 3b from any bank account irrespective of the bank for which we gave details at the time of registration or are we required to make payment from that bank account only for which we gave details at the time of registration.
Thanks in advance.

Calculate Weighted Average Cost of Capital from the following using a) Book Value Method b) Market Value Method 1. Equity share capital Rs.3,50,000/- with cost of Equity @ 10% Market value is Rs.4,50,000/- 2. 8% Preference Shares of Rs.4,00,000/- and its Market value is Rs.4,50,000/- 3. 6% Debt of Rs.6,00,000 and its market value is Rs.5,60,000/- 4. Retained Earnings of Rs. 1,50,000/- which has no change in the market value. It cost is equal to that of cost of Equity Kindly Calculate and send it back to me . It needs urgent

Read more at: https://www.caclubindia.com/experts/calcualtion-of-weighted-average-cost-of-capital-2725594.asp

Sir our client has filed his return of income for the AY. 2018-19 on 28-06-2018, now he noticed that he forgot to submit some information, so he is eligible to file revised return. please advise me.....

IF EMPLOYEE EARNED OTHER INCOME FROM SIDE COMMISSION INCOME AS INSURANCE AGENT THAN
HE WILL ALSO PROVIDE COMMISSION DETAILS TO PRESENT EMPLOYER ?

HE IS FILLING INCOME TAX RETURN U/S 44 AD

THANKS
DAVENDER KUMAR

My client was registered under normal gst. Wef 1/4/2019, client has opted for composition scheme. The client is a retailer and there is balance lying in credit and cash ledger as on 31/3/2019. Do I need to file ITC 03 for ITC reversal or will I get the refund of excess input tax credit lying in my client's ledger?

Sir,
Suppose I am a shipping company and I come under a contract of sale of a ship for 11million.but I did not get the possession.
I am getting a advance payment of 6 million.
So let me know, when I will recognize my sale and how I book this amount and what the treatment will recognize when I will get final payment.

Thanks
Regards
Surbhi

one of my client received a notice u/s 139(9). while responding to it, at the time of XML file uploading it is shown as invalid characters. And I am unable to submit it.

Please guide me.

Thanks in Advance.

Dear experts, I got some bills of previous months which were missed out to be entered into respective months of GSTR 3B returns and now i want to claim ITC of those missed bills in GSTR 3B of March 2019. Remember missed out bills are of same F.Y. 2018-19. Kindly answer me that in which boxes of Eligible ITC of GSTR 3B we must show the missed ITC of previous months? Whether it will be shown in 5. All other ITC of Part (A) ITC Available or in box 2. Others of Part (B) ITC Reversed?

Thanks in advance

Dear experts, I got some bills of previous months which were missed out to be entered into respective months of GSTR 3B returns and now i want to claim ITC of those missed bills in GSTR 3B of March 2019. Remember missed out bills are of same F.Y. 2018-19. Kindly answer me that in which boxes of Eligible ITC of GSTR 3B we must show the missed ITC of previous months? Whether it will be shown in 5. All other ITC of Part (A) ITC Available or in box 2. Others of Part (B) ITC Reversed?

Thanks in advance