Dear All Expert, This query relates to a company whose work nature are of Engineering, Procurement & Construction. They set up sub station & transmission line for state government & handover it to state government after testing. For installation they appoint sub contractors region wise. Company send transformers, poles, etc, to sub contractor for installation from own warehouse situated within state but falls under different district. Currently their running projects are in Madhya Pradesh. Is company required to generate e way bill for removing goods from own warehouse to sub contractor place? If yes then in part A whose details are required to be fulfilled i.e. sub contractor or state government as company prepare tax invoice after testing which is 2 months after removal of goods. which supporting documents to be used & on theses documents whose name to be mentioned? State Government means in my query company formed by state government.

I missed due date for filling return for a.y. 2018-19 and my income is Rs. 350000 so, If i fill now i have to pay penalty . then whether i should pay penalty in the same challan, which i use to pay for self assessment tax or i have to pay Rs. 1000 in seperate challan

Hi Team

GSTR1 invoices converted to JSON file when we upload the same we getting below error from 31- Oct -2018

Even we downloaded new GSTR1 tool V2.2.9 same error

Date Time Reference id Status Error Report
02/11/2018 12:59:02 51ff18aa-96a9-4924-aac8-d5d9d584eca3 Error Occurred File could not be uploaded! Download the latest version of Offline tool to generate the JSON file or ensure to validate your uploaded file against the template published at Specification Portal.



Kindly help us

In ABS there is disputed statutory dues and also some contingent liabilities consisting of Tax and other statutory dues. What is the difference between them? Does the latter represents a part of the list of disputed statutory dues?
Now while analysing its impact on the net worth of Company in future, whether both the dues to be considered.

A partnership firm incorporated during FY 2017-18 and having turnover of Rs.60,00,000/-

The net profit is Rs.-250,000/-

My Queries are:
1. Whether ITR 5 can be filed with loss without any audit or 44 AD?

2. Whether 44AD Audit is compulsory to declare the loss ?

3. If no audit is done, whether ITR can be filed u/s 44AD and declare the net loss ?

TIA.

Dear Sir,

Missing outward supply bills belongs to previous month, when uploaded in the current month, then what could be the bills dates appear in the current month GSRT1 return, of the previous month bills , say for example Bill NO. 1 dated 05-08-2018 and Bill no. 2 dated 16-08-2018, are the missing invoices for the month of August, but I would like to upload in the month of September 2018, now my question is that whether GSTR1 return for the month of september month, dates of august -will it be accepted or by default will it become 01-09-2018. kindly clarify.

A PERSON WAS FILING RETURN OF INCOME FOR F.Y 2017-18 IN 16.07.18........BUT HE WAS LESS FAMILIAR WITH INCOME TAX SITE........SO HE THOUGHT AFTER SEEING THE PREVEIW VERSION THAT HIS RETURN IS FILED.....
BUT TODAY HE BECAME TO KNOW THAT HIS RETURN WAS NOT SUBMITTED.....SO WOULD HE BE LIABLE FOR 5000 PENALTY ......OR IS THERE ANY OTHER OPTION ????/

If any Co likes not to calculate depreciation as per Co Act but likes to calculate depreciation as per Income tax act into balance sheet, is it acceptable or not ?

One of my Client is a Government Contractor. He was awarded a Govt work of laying Roads and for this purpose, he purchased cement, steel etc., by paying GST to the Seller and duly, claimed them as ITC in this GST Returns. While receiving his payment from Govt, the Govt authorities have deducted 12% as GST from this Total Bills and paid him the balance. Now how can he cliam the ITC Available in this GST. He has no other work or business except ths Work.
Can he cliam refund of the ITC Avaiable in his ledgers.

ONE OF MY EXPORTER CLIENT GOODS EXPORTED IN MARCH'18 AND SHIPPING BILL DATE IS 29.03.2018,

AND GET FREIGHT BILL DATED 30.04.2018 WITH GST AGAINST ABOVE EXPORT, NOW MY QUERY IS :
1. FREIGHT TO BE BOOK IN FINANCIAL YEAR 2017-2018 OR 2018-2019
2. IF FREIGHT BOOKED IN FINANCIAL YEAR 2017-2018 THEN TDS TO BE DEDUCT OR NOT