If the assessed has treated debit note as sale and already made payment in GSTR 3B and the purchaser has note claimed credit for such then can we submit declaration from purchaser in the department in their letterhead ? and by doing so case can be dropped by department ?

I am registered as a proprietorship firm with ICAI. While drafting audit report, which word I should use is "I" or "We".

Further, it will be more helpful if any reference of ICAI material is provided.

A charitable trust created a fund for giving medical aid to people. The members and general public gave money for this fund. Trust kept this money in a separate account. Can this money be treated as corpus fund

Dear Sir,
Charitable Trust having donation income (15,00,000) & also having Fixed Deposit interest(RS55,000) income. but I want to know whether FD interest is taxable and if it is taxable what is the tax rate applicable under new section 115 bbi & under existing one also.

Thanks in Advance,

We have filed the TDS return for Q2 fy 2023-24 with fulfill proper contents i.e. valid Pan data/Name of deductee/date of payment/date of deduction and challan details as per tds compliances. But income tax deptt. sent us a default intimation along with details for default PAN number by referring higher rate of tds deduction / short deduction along with interest of short deductions demanding for the PAN numbers are valid but inoperative for the quarter.
We advised to our deductee to link the PAN-Aadhar on income tax portal as per justification report downloaded from traces site.
My query is that if the deductee will update the PAN and linked with Aadhar and there after can we file the correction statement for the quarter with updating PAN status and without paying short deduction.
How can we resolve this, please advise
Thanks
Vijay

Hi All CAs,

We, Southern Railway have received notice from GST Authorities regarding mismatch in RCM Liability. Notice is mentioned below:

Mismatch in liability - RCM
On verification of GSTR-3B returns filed by the tax payer for the year 2022-
23, the following differences are noticed:
Tax Type As per 3.1(d) As per 4A(3) Difference
IGST 1654556.13 8468228.53 6813672.40
CGST 0 108847.33 108847.33
SGST 0 108847.33 108847.33
CESS 0 0 0.00
Total 1654556.13 8685923.19 7031367.06

In this regard, the tax payers have not filed any reply, The tax
payers are requested to pay the above difference amount immediately.
Notice in DRC-01A is issued.

Please it is requested to provide a suitable reply for this.

Dear Experts,

Where to show inward supply of taxable product (Like Castor, Fennel, Mustard, Cumin) from un-registered person (Farmer) in GSTR-3B?

Need it to be shown under table No. 5 of GSTR-3B?

Thanking You
Nirmal Dave

Hello sir
i have one question for you
if Pvt Ltd Company Manage Pre School than Received Fees Under GST Exempt or Taxable ?
Note : Company's Business is Educational Book Publishing

Dear Sir,

Plz inform us, what is the time limit for making einvoice for turn over 5 to 20 crore

1. same day?
2. within a week
3. within a month

AFTER SUBMITED 26Q2,2023 RETURN , IT DEPARTMNENT ISSUE A DEMAND NOTICE FOR SHORT DEDUCTION RS. 6400.00 For Defaults and/ or PAN Errors have been identified in the Regular statement filed by you for Q2 of FY 2023-24 for Form 26Q and processed by ITD u/s 200A/ 206CB

THEN WE HAVE CHECKING OUR RETURN THOROLY AND NOT FIND ANY MISTAKE DONE FROM OUR SIDE . EXCEPT ONE PARTY HAS PAN NUMBER IS OK BUT HE DOES NOT SUBMITTED HIS INCOME TAX RETURN LAST 5 YEAR AND WE HOPE THAT IT DEPARTMENT CHERGE 20% TDS AGAINST INVOICE VALUE RS. 32000.00(U/S 94C)

HOW TO SOLVE THIS PROBLEM.