Sir, Please clarify me the following question?
TCS on sale of goods is collected higher than the rate what is specified in the Act, i.e. Actual TCS rate on sale of goods is 0.075% for the period from 01.10.2020 to 31.03.2021. But in some invoices TCS was collected wrongly at 0.75% for the month of Oct-2020. Till Now TCS Return i.e. Form 27EQ for the 3rd quarter of F.Y:2020-2021 was not filed. Now at which TCS rate we file the TCS Return i.e. 0.075% or 0.75%. If we want to file the TCS Return at 0.075%, the excess amount collected could be credited to party account by issuing a credit note. Please clarify me this could be RIGHT or WRONG & please clarify me what is the consequences of non filing of TCS return? THANK YOU SIR.

Issue Invoice in Apr'21 for Rs.200000.00 + GST same has uploaded in GSTR-1 and tax paid accordingly.

But later in May'21 it is found the actual Invoice value is Rs.300000.00 + GST. Means April'21 Invoice short shown in GSTR-1 and GSTR-3B.

What should I can do in this case as my GSTR-1 return for May'21 pending.

Please reply

I have filed all quarterly returns timely but in last quarter in which i filed return i have received notice for short deduction. however the amt accumulated is of all four quarters. i am confused how to rectify the same. shall i pay total amt with interest and file revised return for Q4 or need to pay individually and revise all 4 returns.

Note: All three returns are processed without defaults

Sir,
One of the it assess two wheeler and air conditioner purchase for personal purpose.
Question:
Assess two assets how to show procedure in books and it returns under gst and it act.

Hi Experts,
Please check below mentioned scenario and kindly clarify whether my client will get Input credit of GST.
I am registered in Haryana and my client is registered in Uttar Pradesh. I got an project of supply of material in west Bengal. So, I raised Tax Invoice mentioning "Bill to" Uttar Pradesh and "Ship to" West Bengal and charged IGST on the same.
So my question is:-
1). Did I mentioned correct ship to address or it will be Uttar Pradesh instead of West Bengal ?
2). Will my client get Input Credit if I mention west Bengal as place of supply in GST Portal ?

Please guide.

What is the Stamp Duty for a Partnership firm in the state of Uttar Pradesh.

We filed the GSTR-1 and one of the recipient has given the GSTIN Number and we have uploaded, the registered recipient has expired and We got to inform was very late, Now we don't have any written information about the death of recipient, by then we have already filed a GSTR-1, Now the recipient son is objecting the sales we have uploaded on the portal, Now we can't revise the GSTR-1, either we can't issue a Credit note , We want to know in this situation, What the seller can do, is there any impact on statuatory matters, or any consequences on seller. How do we solve the issue?, please advise on this matter.

Hello sir,

The company had hired Doctor's on the company's payroll and this doctor also runs their own practice. The doctor are paying annual professional tax directly to the government authority on their own practice service. They are providing the professional tax receipt to the employer and asking the company not to deduct the PT from their salary as they have already paid. What should the company do in this situation. Should they deduct the PT from the employees or they should not deduct the PT.? Please advice

We have to make payment to a foreign company with no base business in India. I want to Know the TDS Rate & section which we can deduct TDS for Consultancy Services received. The Foreign company is Singapore. Total payment is more than 10 Lac

With reference to Section 206AB of the Income Tax Act, 1961 (Special provision for deduction of tax at source for non-filers of income-tax return) applicable from 1 July, 2021, what are the documents which the deductor of T.D.S. / payer of the party should ask from the party to whom he will make the payment to ensure that T.D.S. for each of the 2 preceding previous years is below Rs. 50,000/- or how else will the deductor satisfy himself about the fulfilment of the provision of Sec. 206 AB ?

Is the threshold amount of Rs. 50,000/- applicable only to the payments made by a deductor (For example if X pays to Y Rs. 7,20,000/- per annum and deducts tax u/s. 194J @ 10%; the T.D.S. per annum will be Rs. 72,000/-) to the party receiving payment or is it applicable for the total TDS claim made by the deductee as a whole in his return of income (For example, X deducts only Rs. 5,000/- as T.D.S. per annum from Y but Y claims Rs. 70,000/- as T.D.S. in his ROI in view of T.D.S. effected by other parties) ?

Is there any specific declaration form to be obtained from the deductee to this effect ?

Thank you and regards.