Need a reply..a company which has outstanding payable with regard tobdirector remuneration for years ... company not in a position to repay as due to loss....so can we treat that as income and write off through pand l account as gst is not paying as remuneration for working director..pls clarify..and we are showing like that how to make disclosure in director report and audit report

I have a JDA with the Developer on 19.04.2013 with ( 45% of mine as a Land owner and 55% of Developer). Developer complete the project in the Year 2023-24. Completion Certificate received on 22.04.2023. After that the Developer start to pay the consideration to me in the Year 2023-24 and 2024-25.

I know that I have to pay CG tax in the Year 2023-24 but what about the consideration money received in the Year 2024-25. Is CG tax are applicable on this ??? if Yes, than what is my COA.

Help me to advice this please

Hi,
XYZ ltd has import two product say A and B
Qty 2000, 2000, A In $7 and B In $13

But xyz has incurred 131000 In custom clearance expenses like CFS & shipping line Etc. Except duty.
Now question is: should expense 131k be divided qty wise like 131000/4000
Or whereas total cost of goods is $40k and 65% cost pertain to product B and rest 35% to product A, so In 131k should be allocate 65% to B, and 35% of 131k to product A as costing.

Pls suggest......

I am trying to file ITR-6 for a Pvt Ltd Company in which Tax Audit and Transfer Pricing are applicable for A.Y 2025-26. Both Tax report and Transfer Pricing are uploaded within the due date. Now when i am trying to file the ITR, portal is not allowing me to file the same due to, Due date of filing ITR of Transfer Pricing is 30.11.2025 whereas extended due date for companies other than Transfer Pricing is 10th Dec 2025. Now my ITR is not accepted in 139(1) and also when i am trying to file it is 139(4) along with Late Fees Rs 5,000/- then also it is saying that filing of belated return has not yet started.

Pls guide how to resolve this issue.

Dear Experts,

My friend is running a Proprietary business dealing in supply of School books and note books, uniforms and other stationery items to B 2 C customers. He has GST registration and has filed GST returns for the year 2024 - 25 for the Taxable sales and has omitted to record the Exempted sales, thinking that, as there is no tax commitment, exempted sales need not be shown in GST return.
Now, he has realised his mistake and want to update the GSTR 1 for FY 24-25. How can this be done, because, he could not update the previous year's B2C sales in GSTR1 through Amendment, as the said year is not available for amendment.
The exempted sales is spread over for various months in the previous year and moreover, there is a vast difference in turnover reported in IT return when compared to Annual GST turnover.
How to solve this. Please advice.

If taxpayer has itc of last year which has been reversed in current financial year in which table we can show that reversed itc in gstr 9
In table 6(A) with minus sign
Or table 7 or itc reverse......

If any amount is lying inactive in a customer account w.r.t. any credit note posted in his account due to rate difference, shortage etc i.e. other than amount received, will it be treated as deemed deposit under the Acceptance of Deposit Rules ?

HI! I am registered under GST as regular tax payer, from October 2025 onwards things changed, Mumbai office registered as regular tax payer till 6/10/2025, from 6/10/2025 Mumbai branch registered as ISD and considered as head office and have one branch in Gujarat from 6/10/2025.
GST Registration as follows:
Mumbai ( head office) - normal tax payer and ISD
Gujarat- normal tax payer

Turnover follows like this:-
July to September in Mumbai branch 100 % and no turnover in Gujarat Branch as Doesnot Exist
October to December
till 6/10/2025 - Mumbai has turnover
and from 6/10/2025- Mumbai has zero turnover and Gujarat has 100% turnover

my CA has issue invoice on 30/11/2025 for Retainership Bill for the october 2025 on ISD

kindly explain distribution of ITC ? which turnover should be taken for the same???

DEAR SIR,
MY FRIEND WHO TOOK VOLUNTARY RETIREMENT IN AY 2024-25 HAS FILED THE RETURN IN TIME AND 143(1) ASSESSMENT WAS OVER WITH NO DEMAND OR REFUND. HOEVER, THE RETURN WAS SELECTED FOR SCRUTINY
AND NOW A DEMAND HAS BEEN SERVED UNDER SECTION 156. MY FRIEND HAS FILED HER RETURN OPTING FORNEW REGIME AND 143(1) WAS ALSO DONE UNDER NEW REGIME ONLY. THE TOTAL INCOME AS PER MY RETURN,UNDER 143(1) AND ALSO NOTICE ISSUED AFTER SCRUTINY ALSO REMAINS THE SAME. IN OTHERWORDS NO INCOME WAS ADDED OR DEDUCTIONS ALLOWED. THE ONLY REASON FOR THE DEMAND IS THAT HE HAS OPTED FOR NEW REGIME BUT SCRUTINY ASSESSMENT WAS DONE UNDER OLD REGIME WHICH HAD RESULTED IN THE NOTICE OF DEMAND. IT IS MENTIONED IN THE NOTICE THAT HE CAN APPEAL WITHIN 30 DAYS TO COMMISSIONER(APPEALS). KINDLY ADVISE TO PROCEED FURTHER FOR CLOSURE OF DEMAND.

We have various godown in all over India.
We transported goods to various out side customer as well as to our distinct branches. I. e. from one godown ( Branch ) to another godown ( Branch )

We take godown on rental basis & paid rent & also paid RCM on rent.
My question- is ISD applicable on RCM input received