Books is selected for gst audit for period 2017-18. We are distributor of FMCG co. In each month company offer secondary scheme on various products to retailers.
As a practice scheme amount is first deducted from the price of goods and then GST is charged. Company issues credit note for the amount of scheme passed through invoices as above.these credit note is without any GST charges. It is not uploaded on portal by supplier. We did not make any ITC reversal in this respect. The assistant commissioner computed tax @5% on the amount of credit note and issued notice under section as above to pay tax and interest on it. We refer circular no 92/11/2019-GST,but not accepted by him. Am I liable to pay as per demand. Pl suggest reply for it if I am not liable to pay tax on credit note.

Whether Govt. Office having TAN do the repairing or renovation work in the building and do not have any contract with the person but pays the amount equal to say 3Lacs then TDS under section 194C is to be done or not ? If not then why ? and if yes then Why ? Please give your reply with justification.

Dear Sir,

I had filed an Income Tax Returns for an Assessee from A.Y. 2021-22 & onwards but unable to file Returns before 2021-22 i.e. for the period from A.Y. 2018-19, A.Y. 2019-20, A.Y. 2020-21 now I'm finding the Pending Actions from A.Y. 2020-21 & before, kindly advice.

Warm Regards,
Aditya Ghatge

1. Brokerage 2. Securities Transaction Tax ( S.T.T) 3. Stamp Duty 4. Stock Exchange Charges 5. Depositary Participant Charges 6. SEBI Turnover Charge 7. GST, etc

Whether these expenses related to purchase /sale of shares
In the case of purchase of shares to be added
in the case of sale of shares to be deducted.
While making journal entry of purchase and sale of shares.

Is it true that the CA Articles are not allowed to be engaged in stock business or stock trading simultaneously with the CA Articleship?

WHEHER ITR 5 ( PARTNERSHIP FIRM) HAVING LOSS CAN BE FILLED OF F.Y.2021-22 UNDER UPDATED RETURN SCHEME?

*FY 2021-22 & AY 2022-23*

TDS Claimed in ITR - Rs 3,500 as appearing in 26AS as on ITR Filing Date 31-07-2022. ITR was processed and a refund was received.

Later after all due dates passed for filing ITR 139(1) & 139(4). The deductor deposited additional TDS which was deducted but not deposited earlier. Neither we had details amounting to Rs 7,500. The rectification request was submitted (Tax Credit Mismatch) but an additional claim of TDS was not admitted.

Now we are trying to file rectification with the option (Return Data Correction) but getting an error as below.
"Under Section 154 of Income Tax Act 1961, an application for rectification can be filed only to correct mistakes apparent from records. In the rectification request filed, it is found that an additional/reduced TDS/TCS has sought to be claimed. This is not a mistake apparent from record. Hence your rectification request cannot be entertained."

Any solution for the above error if anyone can suggest.

ASSET WAS PURCHASED IN THE NAME OF PARTNERSHIP FIRM. HUSBAND AND WIFE ARE THE ONLY TWO PARTNERS. CAN THE ASSET BE TRANSFERED AS A GIFT TO THEIR SON ?

Respected Sir,

If a person installed 2000 Liter RO Water plant at home and supply of ro water to village person so that supply attract to GST (GST applicable 18% or its exempted in GST) customers bring empty can,Drum,from home come to place of Ro Plant open the tap collect the water and come back to home. It's note a packing, sealed, water So GST applicable or note please suggest.

Dear Sir,
I am trying to file validate 24Q form and getting error. T-FV-4040 'Total Taxable Income(355-366)' not equal to the Difference of 'Gross Total Income(338+352)' - 'Gross Total of 'Amount deductible under provisions of chapter VI-A under associated Salary Details-Chapter VIA Detail'
Please suggest how to solve this error and complete in TDS return filing process.