Dear Experts,
A company is purchasing the goods from its suppliers
GST registered Supplier dispatches the goods on "Paid Basis" to our premises.
The transporter also registered person under GST.
The transporter declares in their LR copy as " SERVICE RECEIPENT IS LIABLE TO PAY GST UNDER RCM".

The query:
1.Here who needs to pay the GST under RCM? Either the company or the supplier?
2.Incase, if the supplier dispatch the goods on "TO PAY" basis, will the responsibility to discharge the GST liability under RCM will change?

Hi
As per our quarterly performance our company is paying sales incentives. However this incentive is getting calculated as part of salary every month it gets credited. This is increasing my overall tax calculation.

I wanted to know if this is the right way. Because when payment are made to Chanel partner TDS of 5% is deducted for those payouts. Can’t the same happen for us . Please give the right way to approach this.

Sir,
It returns non filed person how many years itr returns filed allowed in it portal for visa purpose.

income tax return verified

while filling theForm after giving all data and before uploading documents on pressing continue system logs of


any solution

Whilst Accounting Standards may not be mandatory in the case of individual professionals (or are they?) can the same be said for the fundamental accounting concepts / principles which form the basis of drafting many such Accounting Standards? So can somebody say that concepts/principles like matching, going concern for instance may not be followed by an individual professional?

ITR 3 is not taking negative figures i.e loss from F&O share in No Account Cases section of ITR. Also assessee is not liable to maintain book of a/c under 44aa as turnover and profit is less than prescribed limit. what is solution?

Hello
Can ITC be availed on the Hotel Accommodation which is includes food & Beverages.
Food is Complimentary expenses to the accommodation, cannot be segregated.
Thank You

A trust is running coaching center and avail 12A exemption on the fee collected.
Is it allowed?

Thanks

DEAR SIR, WHILE PAYING SELF ASSESSMENTTAX FOR AY 2022-23, WRONG PAN WAS MENTIONED WHICH WENT UNNOTICED. RECEIVED INTIMATION U/S 143(1) SHOWING A DEMAND FOR THE SELF ASSESSMENT PAID PUTTING WRONG PAN. TOOK UP WITH IT DEPT FOR RECTIFICATION AND ALSO SUBMITTED GRIEVANCE. BUT DEPT ADVISES TO PUT COORRECT DETAILS AND APPLY . UNTIL PAN IS CHANGED IN THE CHALLAN, RECTIFICATION IS NOT POSSIBLE. REQUEST FOR GUIDANCE IN THE MATTER. HOW TO CORRECT IT AND FOR CLOSURE OF DEMAND.
THANKS & REGARDS