A State Government Entity i.e. Battalion on Special Armed Forces is running a petroleum outlet. The Hindustan Petroleum Corporation Ltd. (HPCL) has collected income tax (TCS) on sales made by it to Battalion petrol pump.

The petrol pump is owned by a Government Entity is not liable to income Tax and therefore not obliged to file return of income and pay tax on income.

Please advise how can it claim refund of TCS ?

Dear Sir/Madam,

As E invoicing is applicable for the business with 5 crores turnover w.e.f 1st august 2023, is there any changes in the services which are exempted from issue of E Invoice. We are registered Goods Transport Agency and we are currently exempted from issue of E inovice. Please clarify whether we need to issue E invoice with the amendment of turnover limit from 1.8.23.

Greetings!

I cancelled my GST number and joined a company as an employee, I received a message from Commercial Taxes Department Karnataka to pay Professional Tax, was paying it before I surrendered the GST number and after joining the company my employer pays the professional tax, what do I do of the message ? Don't want to pay any penalty and don't know why I received the message, because my employer pays my professional tax on time.

Dear Sir / Madam,

My query is as follows:
The updated return of Mr A for AY 2021-22 was filed after the original return for AY 2022-23.

In updated return for AY 2021-22, the long term capital loss reduced from Rs. 83000/- to Rs 55000/- and he paid the additional liability afterwards.
However, since the original return for AY 2022-23 was filed BEFORE this updated return, the brought forward long term capital loss was shown as Rs. 83000/- & claimed.

Now the updated return for AY 2022-23 is required to be filed with revised brought forward long term capital loss of Rs. 55000/-.

So, under brought forward losses section of AY 2022-23 return, which date of return for AY 2021-22 to be mentioned for claiming the losses? date of original return of AY 2021-22 or date of updated return?? I am bit confused.

I hope my query is clear.
Kindly revert.
Thanks & Regards,
Suraj

Dear sir,
One of my client is doing rent out commercial building . During apr he purchase Elevator .Cost of this come 5,25,000 and input cgst and sgst come 40042.47.
this figure is reflected in 2B also. can we claim this input
Please advise .
With regards
Binu

My supplier issued me egst invoice in march 2023 but goods could not be delivered till now. Shall I make the entry of e gst invoice in my books of accounts in fy 2022-2023. Can goods be delivered in 2023-24 on the basis of march egst invoice. Pl advise in details?

Dear Sir/Madam,
Good Morning,

We have purchased the software license from a foreign company & the company has no presence in India. Date of purchased 31.01.2023.

In this case, RCM (GST) will be applicable or not? If applicable, also interest will be paid. Can we avail the Input for the same?

Thanks

Sir/Madam,
Our export documents were directly sent to overseas buyer as exported goods are perishable nature. Now buyer has defaulted payment. ECGC wants to regularize the export documents by RBI to settle claim.But RBI is not regularize the export Bill's. Kindly advice to get ECGC claim.

Respected Experts,

What is the Tax Treatment if a Car or Machinery Sold by a Company (Any kind firm, Proprietary, Ltd )

Can we need directly add it in to the P&L account as profit / or Loss from sale of Car or Machinery and assess Taxes at normal slab rate.

Or do we need to assess them under Capital Gains?

Kindly advise

Dear Experts, we are manufacturer and get do the job work from Misc. vendors. We send material through Delivery Challan + E way bill (Value Around 10 Lacs). But our job worker return the material through their Tax Invoice only (Value around 25 thousand), and he doesn't issue E way bill and says he does the job work only with this practice with many companies.

Is this practice is correct, or he has to dispatch material with Delivery challan + E way bill by showing value (Material Value + Job work Value)???

Kindly advise.