Dear Sir/Madam,

Supply of goods/services was made on 10-04-2018 but on account of some reasons, sale invoice could not be made and booked in April 2018.

Later on, on the problem getting resolved, sale invoice was made and booked in May 2018 (Thereafter, GST booked in May 2018 was paid on 04-06-2018).

Is there OK or is there any contravention of any provision of the GST Act?

Thanks.

Which ITR is applicable to Non Resident Individual for A.Y. 2018-19, earning salary income form TCS, UK. Tax has been deducted u/s 195 also 194A for Interest income.
Is ITR-1 applicable or not ?

For Accounting Year 2017-18 Assessment Year 2018-19 for filing of Income Tax Return is there is any change for due date of Return Filing?
As per previous norms the assessee may file return after 31st July 2018 by paying interest U/s.234A till 31st March 2019 or there is any amendment for this financial year?

Sir,

I just need to know how to file SFT Preliminary response when my cash transaction above 2 lakh is Nil and others are not applicable. The response is after due date of 31st may 2018. Is there any extension of due date.

Dear Sir,

We have receipt the Income Tax Notice as per Following details :

Schedule ---SI
Error Description : The amount entered in Schedule SI are inconsistent with the corresponding
amounts entered in Sch CG/Sch OS.

Amount in Income Tax Return : 0
Amount as computed : 75650
Variance : 75650

Please reply as earliest in above notice

Thanks & Regards
NK

Hello Experts,

One of the Private Limited company provides Software related services to another company in USA. The company situated in USA is a related party (due to majority share holding).
Request you to explain what would be impact on GST and also if the Indian Private Limited company can claim ITC.
They are not situated in SEZ and they do not provide any software services domestically. They only export.

Thank you in advance.

Hello dear Expert Filed gst3b and gstr1 from July to march and paid which liabilities arise at that time but some purchase Invoices add there after and after that I realised that I paid excess gst so now can I get the refund it if yes then what should I do

Dear sir,
Our company was incorporated on 28-03-17. We are developing a tool that will capture the data from the pipeline of the petrol. It is basically research and development. We have incurred various expenses on tool so far. Tool is ready but no sales revenue is booked in the year 2017-18. It is likely to be sold in the year 2018-19. In 2017-18, we have incurred expenses only. I request the understanding on below points

1. Since, its a newly started company, we have incurred expenses only to develop a tool but it has not been commercialised i.e no sales have been booked in the year 2017-18.
So for the fy 2017-18, are we eligible to claim all the expenses and can we show the carry forward loss?

2. somewhere i have heard that since these are pre operative expenses, needs to be written off over a period of 5 years. I think these expenses should not be considered as pre operative expenses because the operation has already been started. The only thing is tool is not ready for sale and we have not recognised any revenue in fy 2017-18.
3. Can i be allowed all the expenses in the year 2017-18 and carry forward the loss to the next year?

Please suggest.

could you please explain procedure in detail for transfer of shares in private limited company

Dear Sir, i have been appointed as a Accounts manager for a Society which runs a school. i found that IT Returns are not filled from last three years. what are the rules that guides filing of IT in this situation.. upon observation of account i identified that there is no excess of income over expenditure.