Sir,

One of my friend is running a Restaurant. He has opted for 5% GST without availing ITC.
Now, if he pays GST on rent under RCM clause, can he avail the same as ITC, though he
is ineligible to avail the ITC on other supplies. Further, is it correct to enter the Rent amount
along with GST in Table 3.1 (d) in GSTR 3B return.

Kindly advice.

If I take a loan from my family member, say father, is the stamp paper bought in my name or his name? Does it make any difference?

Thanks

I have a strong doubt that my employer (Central Govt. Civil dept).is calculating 17(1) wrong. Before making an appeal to higher ups I want to make sure.
Pl enlighten.

Dear Experts
One of my client is dealer of second hand car. Till last year, his turnover was below 2 crore and so income was declared u/s 44AD. But now this year, his turnover is around 4 crore and cash receipts and payment are less than 5%.
My question is whether he is liable to tax audit as he was declaring turnover u/s 44AD earlier. His profit is also below 8% in current year
However, I feel, if turnover is exceeding 2 crore, it cannot be termed as Opt out. can we maintain books of accounts and file return without audit u/s 44AB and can declare profit less than 8% ? please guide

Hello Sir/madam,

I am Ankit Vishwakarma, I have a question regarding TDS.

I have one Tax Invoice of Rough Diary purchase for sales & promotion exp. (Free Distribution to all debtor) Rs. 33,660/- The company logo is printed on all the diaries. so I want to know that should I deduct TDS or not. If yes so what is the rate of TDS, Section & Threshold Limit, If No so why ?

pls tell me.

HI Friends ,
Can we take GST input tax credit in to an Asset Co ?. We are not charging GST output on our sales , our revenue exempted from GST . Can we consider GST input from on of our human resources outsource company from their invoice for staff hiring charges ? IF INPUT OUTPUT don't allow , pls help me with the notification reference aswell.
Thanks in advance

Hello, ITC was reversed in July2022 in 3B by mistake. Now how to rectify the mistake in 3B of August 2022. kindly establish your opinions. Thanks

Sir,

An NRI Assessee sold his plot during FY 2021-22.

At that time the Buyer had wrongly filed Form 26QB deducting TDS @1%.
Later on he again filed Form 27Q deducting TDS @22% for Non Resident.

Now there are two entries reflecting in his Form 26AS.

Now I want to know the procedure by which the buyer can withdraw his Form 26QB wrongly filed by him.

Please help me in this regard.

IN ITR-7 DETAILS IN REGISTERED 80G WHERE WE HAVE TO WRITE( 11-Clause (i) of first proviso to sub-section (5) of section 80G )

IT IS IN DETAILS OF REGISTRATION
DETAILS OF REGISTRATION OR APPROVAL UNDER INCOME TAX ACT UNDER
OTHER THAN UNDER SECTION 80G

Dear Sir,

We have fixed the AGM on 23.09.22 & 26.9.2022 of our companies and now the we have given the board meeting date to our Auditor for signing date of Balance Sheet. But the Auditor are insisted to sign the balance sheet in current date. earlier he said that now UDIN can be generated within 60 days after the sign of balance sheet. why is he doing this. Now the ICAI has announced to extend the time limit for generating UDIN from 15 days to 60 days from the date of the signing. What can we do now?

Please advise in this matter.

Thanks & regard
NK