Dear Experts,

payment of a contractor is stopped due to some dispute between the employer and the contractor for a period of 16 years form 2002 to 2018 now since the court have ordered the employer to make the payment is it legal to deduct GST on the amount which has been accumulated in the form of interest for the period of 16 years?

Kindly give your valuable suggestions.

Thanks in advance.

Suppose X and Y invest ₹10000 each as capital in a firm. They will also be investing ₹50000 but it needs to be treated as a loan. Is it possible to show amount invested other than capital in the company as liability of the firm which needs to be paid back to the partners or investors. If yes the how if no then why.

Namaste all,
ASSESSEE FILED REUTRN U/S 44AD CLAIMING 8% INCOME ON HIS TURNOVER OF RS 1,10,00,000/-
DECLARED NET INCOME @8% IS 8,80,000/- SAME HAS BEEN CREDITED TO HIS CAPITAL A/C IN BALANCE SHEET.
WHERE AS HIS ACTUAL NET INCOME/ SURPLUS IS 11,50,000/- WHICH HE INVESTED IN FIXED DEPOSITS,
SUPPOSE INCOME TAX DEPT ASK FOR SOURCE OF INCOME WHAT WOULD BE THE ACTION ON DIFFERECE 2,70,000/-

I am a CA, practicing as a Sole Proprietor, now can I join in a Partnership Firm without surrendering COP of sole proprietory concern.
I yes then what is the status of COP in Sole Proprietory concern??
I not then what can I do??
Please help me.
Thanks in Advance

Dear Sir,

We have made mistake in putting GSTIN No. in one of our customer , now customer want correct the same. Invoice made in Dec 2017, and as Govt. we have to correct the same in our Sept GSTR1 return , but customer send mesasge to us on 26.11.2018 to rectify the same.

Can you please tell us how to rectify the same.

A notice u/s. 148 (I) was received be me for AY 2011-12 during March,2018 asking me the source of cash deposits in my bank to the tune of Rs. 27.00 lac. I had replied the said notice online during Oct.2018. I had not filed the IT return of the said AY, as the income was below taxable limit. To-day, while I was checking status of my IT Return of AY 2018-19 on the income tax portal, I saw a show- cause notice u/s.144 computing my entire cash deposits in bank as my income giving the reasons that I failed to submit required documents asked by ITO. But, I did not get any notice asking for documents as claimed in the said show cause notice. What should I now ? Please advise me.

I am filling qtly return under composit rate of tax GSTR 4 and GSTR 3B showing sales . Now in GSTR 9A whether we shoul file purchase also in GSTR 9A. Pl carify the same since purchase has not been filled in GSTR 4

Sir, can u plz tell what type of registration is required for lending money in small amount to different peoples

Dear Sir/madam,

Please advise in the following matters:-

1.) If a Registered Tour Operator arranging Taxi and hotel at its own for clients and receiveing Hotel bills with 12or 18% % gst in hotel bills as per tariff and transporter giving bills with 5 % gst. Now my question is when its giving one bill for the entire package with a small margin added ,what percentage of GST Applicable? whether it can eligible of ITC ?

2.) If its taking entire package from another tour operator and paying 5% gst on the total with onebill. Now by adding a small marging and give it to the end user. what is the percentage of gst applicable for the whole amount & eligibility of ITC charged by other Tour operator (Supplier)?

For Eg. Tour operator is giving 10000  as total package +5% gst =10,500/- one bill.

I am charging 11,000/- to my client.what percentage I can apply gst on my bill ? whether it is eligible for input credit.

pl.give your valuable advice with respective sections/rules/notifications if possible..

Am I required to deduct TDS when making a payment to a US based content writer (foreign national)? The payment is via Paypal (linked to CC or bank account).

Is the US national (receiving the payment) liable to pay Indian taxes / GST? How is he supposed to recover the TDS, if its applicable?