Due to change of GSTR 3b in jan 23, Suppose as per 2B my CGST itc is 500 in which 100 is not mine (Due to various rule of CGST ACT) So , I did that ( in all other ITC column i took 500/- and permanently reverse in 4(b)1.
For that my 3b is correct.
But in annual return (1st condition) when I fill 6b I am little bit confuse that if i put 500/- here and table 7 shown the reverse amount then its ok?
or (2nd Condition) I put 400 in 6b and 100 in 6m and reverse as it is.
In 1st condition table 8b auto populated with 500 and match with 8a and 2nd situation 8b will 400 and 8a will 500 differences arises

Form 10B not yet released

A partnership firm wants to sell some of fixed assets like AC, Furniture etc to one of its partners
Partner will pay for this sale to partnership firm
Assets were purchased by the firm when they were not registered under GST and they have not taken GST input credit

Whether on this sale of assets Partnership Firm needs to charge GST to Partner ?

Sir / Mam,

We have material purchased they are sending the material to godown through courier how to create, ewaybill in road transport we will mention vehicle details , in courier model what to do plz guide courier process of ewaybill

Thanking you,

if subcontractor provider services to Main contractor in SEZ , Does the subcontractor need to pay GST or it can also shows the supply as Nil rated like the main contractor.

I saw a journal entry in the case of individual books
Firm expenses A/C Dr.
LLP A/c Dr
To Profit and loss A/c
I mean what is firm expenses in the case of individual books.

Bank expenses ( Drawing) For Bank expenses
Medi-claim Expenses For Health Insurance for section 80C
Life insurance expenses for Life Insurance paid For section 80D
Donation for Donation paid for Donation paid under section 80G
Travelling expenses To Know separate total expenses incurred
Drawing ( for other expenses )

Accounting treatment of Advance tax and TDS paid by LLP and year end entry made by firm in the
books of LLP
In the books of LLP at the FY end
Partners capital account Dr.
To Advance tax

Now can i book the advance tax paid by firm in my books as Advance tax personal expenses in the FY year end in partner books
Partnership firm expenses A/c Dr
To Partnership firm A/c

One of the brother receives land as gift from Brothers wife.

Will it be liable to Income tax

Do we need to file Tax audit report and ITR for company incorporated on 26th Mar 23 on 30th Sep 23 or 30th Sep 24. As per companies act financial year ending for company incorporated after January 23 is next Mar 24. ? Is the interpretation correct and should I file Tax audit & ITR under income tax act..