During Gst dept survey officer noticed stock in hand is less than the stock in books so Gst Department increases Sales by issuing DRC 01A as of Rs 10lakhs and taxes and penalty on it and the party has paid taxes and penalty by DRC 03

How we have to report this sales in Gstr 9 as it is not shown in Gstr 1 And 3b

If a HUF is formed between Father & Son can the Son be Karta of the HUF. ??

A senior citizen has received Rs. 500,000 from interest on post office senior citizen deposit scheme. He wants to claim exemption on this interest income for 25-26. Can the experts tell if such interest income is exempt under the new regime.

What is the Last Date for Registration of CA Foundation if a student want to give examination of CA FOUNDATION in May -2026??
Whether Registration for CA Foundation can be done without hall ticket of standard 12th ?

ISD input credit when distribut to distinct branches.
1- Immediately when ISD invoice received from third party service provider.

OR

When it display in GSTR 2B ( when supplier filed his outward GSTR 1 return )
If suppose out of 20 ISD invoice only 15 Invoice ITC
Display in GSTR, 2B, then remaining 5 invoice itc when distributed.

Hi, Let's say there is intercompany A which sells raw material to company B.Company B make payment to A on receipt of Invoice. Can company B bring company A under the reverse factoring program wherein bank will fund the invoice at certain interest cost and on due date company B makes payment to bank. it's standard practice for regular vendor but want to understand the possibility or regulation around this for Intercompany.

An educational trust has signed MOU with govt.college to provide self financing course recognised by law to the students. The college collect fee from the students and gives 70% of the fee to the trust. Whether it is a taxable supply for the trust and gst tds will be deducted by the college?
As per entry 66 of NN 12/2017, educational institution providing education service recognised by law is exempted.
In this scenario what is the gst implication on trust who had collaborated with govt.college for providing self financing course

In case we are making both taxable and exempt supplies, whether the ITC on back-charges is required to be reversed under which Section ?

“If a wrong bill appears in GSTR-2B and ITC has been wrongly availed, whether the ITC is required to be reversed under Section?

Hi sir. ,
I sm currently in foundation
My
name icai portal is as per 10 th marksheet is(for eg : Sharma Ayush )
And name on Aadhar , pan , 12 th is ( Ayush Raju Sharma )

So i want to update my name as icai records
As they have my name according to 10 th marksheet

I have state gazzette made mentioning
My old name : Sharma Ayush
My new name : Ayudh Raju Sharma
Now how do i update name on portal
Also i can not update my 10 th marksheet as board does not allow correction

so only thing i have is name change gazzette and govt ids with my correct name Ayush Raju Sharma

I want to change name on icai records before foundation exam so marksheet will have correct name
Can i do it please help
I sm have anxiety due to this i am unable to focus on studies

If any body has changed names or any qualified person please help me

I seek clarification regarding the applicability of reversal of Agriculture Infrastructure and Development Cess (AIDC) in cases where an Export Oriented Unit (EOU) clears finished goods to the Domestic Tariff Area (DTA).

The relevant statutory provisions and the CBIC's interpretation are as follows:
1. Statutory Background:
• Imports/Procurements by EOU are exempt from BCD under Notification No. 52/2003-Customs, dated 31.03.2003 (as amended).
• The AIDC exemption is granted under Notification No. 11/2021-Customs, dated 01.02.2021 (Sr. No. 19), which is conditional on the BCD exemption being "claimed and allowed" under Notification No. 52/2003.

2. CBIC Clarification (Circular No. 07/2021-Customs, dated 22.02.2021):
• The Circular's Deeming Provision (Para 1.2) clarifies that when an EOU clears finished goods into the DTA by paying the foregone BCD, "it is treated as if no exemption of BCD was allowed to the EOU under notification no. 52/2003-Cus dated 31.03.2003."

3. Accordingly, since the BCD exemption stands deemed to be withdrawn at the time of DTA clearance, the consequential exemption from AIDC on the inputs also stands withdrawn, implying that the EOU is required to reverse/pay AIDC..

My query is
Whether for DTA clearances of finished goods, the EOU is mandatorily required to reverse/pay both the Basic Customs Duty (BCD) and the Agriculture Infrastructure and Development Cess (AIDC) that were foregone on the inputs utilized in the manufacture of such goods.