TAX AUDIT IS STILL GOING ON BECAUSE THE DUE DATE FOR FILING INCOME TAX RETURN IS 31ST OCTOBER 2018. BUT JUST BECAUSE OF THOROUGH LEDGER SCRUTINY INPUT OF CGST, SGST AND IGST IS GETTING GENERATED DAILY BUT SINCE THE LAST CHANCE OF TAKING EFFECT OF INPUT OF CGST, SGST AND IGST HAS ALREADY GONE AFTER FILING THE GSTR-3-B FOR THE MONTH OF SEPTEMBER 2018 WHETHER ANY FURTHER CHANCE SHALL BE GIVEN TO US FOR CLAIMING SET-OFF OF CGST, SGST AND IGST. PLEASE GUIDE ME AND OBLIGE.

Respected Experts,
My sister is suffering from CKD(Chronic kidney disease)..Its a very critical illness where both kidneys stop functioning & one needs dialysis to breathe.The second option is kidney transplant.All this is way too expensive for middle-class people like us..There is an organisation in the US willing to help us ..They start an online petition and pass on whatever donors give for our cause..But I can't open a Paypal account coz Im not a trader/freelancer..this money is like donation..But from foreign land..How can I receive it in India?Are there any provisions..Plz help..I need this money v.v. desperately to save my dying sister..Am grateful to all of u for time and advice..Thanx a lot.

sir what's the difference between shareholders and members under Companies Act

A PERSON DEALING IN TIMBER TRADING FROM LOCAL MARKET AND HE IS NOT PURCHASE ANY TYPE OF TIMBER FROM LEASE/FOREST DEPARTMENT IS THIS TRADING IS APPLICABLE FOR TCS UNDER SECTION 206 ASPER TCS ACT,1961
PLEASE CLEAR ME

A PERSON DEALING IN TIMBER TRADING FROM LOCAL MARKET AND HE IS NOT PURCHASE ANY TYPE OF TIMBER FROM LEASE/FOREST DEPARTMENT IS THIS TRADING IN APPLICABLE FOR TCS UNDER SECTION 206 ASPER TCS ACT,1961
PLEASE CLEAR ME

Hello, I made payment to transporter agency in cash for carriage of agricultural produce amounting to 50000/- In this case section 40A(3) will be attracted.. further tds have to deduct.. but the transport is not ready to receive the amount in cheque nor ready for tds deduction.. Business is totally dependent on these services ..what can be done?? please help

Sir/Madam

The Facts of the case is that there is a Owners Welfare Association in Chennai, which has been registered under Societies Act. It has been migrated to GST from Service tax last year. The maintenance charges and its over all turnover is below the threshold exemption. Its income includes Maintenance charges collected from members and rent received from shops let out inside the premises.As it was not liable to GST, it was just filing NIL GST Return monthly.
Now the Statutory Auditor of the Association is of the opinion that since it has GSTIN, it has to pay GST only on Commercial rent received. It has not surrendered the Registration as many vendors are asking for GSTIN.
Now I require expert advice for the following questions:
1. If we go with the opinion of the Statutory Auditor, then whether maintenance charges collected by them will also be subject to GST liability?
2. If GST is payable only on commercial rent received, then how ITC has to be apportioned?
3. If the Association wants to keep its GST Registration, then what would be its GST Compliances?

Your advice is this regard would be highly appreciable.
Thanks in advance
CA Sheela Sreeram.

Assessee having turnover of Rs. 1.32 crore so he wants to opt section 44AD (As lilmit under section 44AD is 2 crore) . and wants to declare profit @ 5% by carring out audit under section 44AB by maintaining books of account.

he can file return under section 44AD (ITR 3) or normal return has to filed by assessee without showing 44AD.

We had filed DIR-5 (surrender of DIN) on 05-09-2018 of a person who had never been appointed as Director/Partner in any company/LLP. Status of DIR 5 is pending for approval.

Please confirm should we file DIR 3 KYC of person whose application for surrender of DIN is pending ...?

Hello, can anyone guide me that using MS Excel for billing in business is legally correct or I have to buy a software like Tally etc. because I don't want to invest 20k for a software at the early stage of my business.