Our Assessee is a transporter and has not taken GST registration as he is covered under 100% RCM. In the current year he has sold one truck of Rs 10 lacs WDV of which is Rs 4 lacs will he be required to take GST registration and pay GST. He has 2 lacs as commission income. I am of the view that since his sale proceeds are less than 40 lacs he is not required to take registration. Kindly guide whether he has to pay GST on Commission income and on Sale price and WDV

Vehicle Insurance, Repairing, Toll, Diesel, Parking Expense.
Current Vehicle Value Rs.0, As Depreciation was levied,since last 10 years
Can I continue to claim Expense related to Vehicle in Indirect Expenses.

194R SECTION


1. CAR GIVEN TO DISTRIBUTOR . WHETHER THE SAME IS INCOME IN THE HANDS OF DISTRIBUTOR AND WHETHER HE HAS TO PAY INCOME TAX WHILE FILING HIS ITR FOR THE FY 2022-23.

2. TRIP TO DUBAI FOR ACHEIVING SALES TARGETS. WHETHER TAXABLE IN HANDS OF DISTRIBUTOR AND IS TAXABLE WHILE FILING THE ITR BY DISTRIBUTOR FOR FY 2022-23.

PL GUIDE

DEAR SIR / MADAM

IF TCS ON SALES NOT MADE WHAT IS THE PENALTY OF TCS ON SALES
IF TDS ON PURCHASE NOT MADE WHAT IS THE PENALTY OF TDS ON PURCHASE IN INCOME TAX
PLEASE SUGGEST SIR

I am working as Accounts Executive in a private firm and wish to pursue the CA course. I have completed my BCOM and MCOM.
1. Do I need to leave my current job and join a CA firm to be eligible to apply for the IPCC exam?
2. If not, can i go through the CPT route for IPCC even after BCOM and MCOM and at least be a CA Inter passed professional?

Dear All,

Can i avail benefit of new tax regime u/s 115BAC while I am declaring business income u/s 44AD?

Thanks
Nirmal

Dear all experts,
One new client came with issues for filing of GSTR-9 for the financial year 2017-18. the issues are;
1. He claimed 23 lakhs ITC in IGST in F.Y 2017-18 by mistake and reversed it in F.Y.2018-19.
2. He not claimed ITC of CGST & SGST of Rs.4.50 Laksh Each in F.Y 2017-18. due to non availability of GSTR-2A.
My question : 1. Is there any option for waive of interest on such ITC.
2. How to Claim the remaining ITC of CGST & SGST.
The department already issued notice to the dealer, and he is not ready to pay the interest and stated that the site is not working properly at that time.

Before filing of GSTR-9, awaiting for more suggestion from the experts.
thanks & regards
Ganesh

Hi

Kindly guide i have to file income tax returns for Ay 2020-21 and Ay 2021-22 under condonation of delay filing but when i am trying to raise a request on efiling portal for condonation of delay but unable to find and raise any request under condonation of delay button.so kindly guide how to raise condonation request for non filing of return for ay 2020-21 and 2021-22.I also prepared mannual application request mark to joint /principal commissioner .

Dear All

One of a person who is civil engineer have two types of income one from his consultation and other is from works contract service. Can he set off Input tax credit of works contract (like cement, iron, sand) against output tax liability of his professional income (Like planning and supervision etc..)??

Thanks
Nirmal

Sir,

Please guide me whether it is mandatory for issuing a e invoice for sale of MEIS license & RODTeP scrip sale.
Recently while issuing invoice for MEIS & RODTeP in Tally 9 Prime we did not generated E invoice .
If exempted for e invoice than under which section.

Thanks & Regards.