Loss On sale of Fixed Assets,
Loss on sale of investment
Loss on Foreign Currency Transaction
Loss on Intraday sale of shares
Bad Debts
Bank Charges


Please reply

Respected CA R SEETHARAMAN Sir,

Please Let me advice, If GSTR9 Not filed F.Y 2021.22 till dated, T/O 4.53. Cr. Nil tax rated,

Kindly advice me. What to do.

We filed returns correctly for the A.Y.2023-2024. But, we got below mentioned error for every Educational Society / Trust claimed exemption u/s 10(23C)(iiiad) for the A.Y.2023-2024. Please suggest us.

Schedule:
Part B2 (Part B TI) & Schedule IE-4 & Schedule OS

Error Description;
Income due to disallowance of exemption under clauses of section 10 entered at Sl. No. 1(e) of Schedule OS is less than the difference between the "Gross receipts" in Sl. No. 3 of Schedule IE-4 and exemption claimed in Part B2 of Part B TI. Hence, the amount mentioned at Sl. No. 1(e). 'Income due to disallowance of exemption under clauses of Section 10' in Schedule OS is recomputed accordingly.

Hi there,

A caterer/restaurant has charged 18% GST on Liquor License fees? Is it correct? Is GST applicable on this? Also, should we deduct TDS on this service and if we do, what percentage and in what section it will be done?

Can someone answer this quickly, its a little urgent.

Thanks in advance.


Gaurav

Sir.
1.Can get Lut for export of service.
2. Company plan to take LUT now. Foreign inwards remittance get before Lut. In this circumstances can update gstr 1 this transaction as " export with out payment" in table 6 in Gst 1.
Please advise.
Binu

Hello Sir,

I am two flats, both are rented out. For both properties total home loan interest paid to near to 9 Lakh. Can i claim tax benefit on entire 9 Lakh. Which ITR form i need fill.

sir,
If a business person accounting records maintained used for tally accounting software some months closing cash balance negative showing.
Query:
Cash balance negative amount undisclosed income treated in it act.

Dear Sir,

Is NRE account required to be reflected in Income Tax Return in India? This is in view of the fact that Assessee is filing the return in the country of residence abroad and also in India for income arising in India.

Kindly Advise!

Thanks & Regards

Dear Friends,
FY2018-2019 excess ITC availled Our client Mistakenly, Resulted excess ITC taken FY2018-2019 comparision of GSTR2A and GSTR3B in GSTN SITE,same that much amount of GST not availed in subequent Financial year of 2019-2020, that is shortage of ITC taken in FY2019-2020, now GST officer is raising the Query FIll up the form "PH " personal Hearing and Pay the excess amount ITC taken in FY2018-2019 in DRC-3, by raising that you could have reversed the excess taken ITC in GST3B in the month of Sept-2019 Return filing, my objection is there is no different between that ITC excess taken FY2018-2019 and Next year That much ITC not availed , i:e,shortage taken, what is the different and there is no loss to the revenue, but he is not convencing, whether i have done any mistake/wrong for FY2019-2020 for short taken ITC In 3B, Instead of reversing the same amount 3B Return, please guide to me friends

My client paid legal fees to a lawyer amounting INR 2,50,000.00 what amount of the GST on legal fees to be deposited under the reverse charge mechanism & TDS 1) INR 41667 (250000/108*18, i.e. TDS to be deposited INR 23148) or INR 50000 (250000/90*100 x 18) i.e. TDS to be deposited INR 27778).
Please clarify