we have Two GSTIN - Haryana and Maharashtra ,
we had raised supply Bill to Maharashtra client from Haryana , but erroneously , client has deposited GST-TDS in our Maharashtra GSTIN. any section or reference which can clarify to claim this amount

I AM SELLING UNQUOTED EQUITY SHARES LESS THAN THE BOOK VALUE. HOW TO WORK OUT OUT THE LONG TERM CAPITAL GAIN TAX. IS THERE ANY MISTAKE IN TAKING THE ACTUAL SALE AS SALE CONSIDERATION WHILE WORKING THE TAX.
ONE MORE THING, CAN I PAY CAPITAL GAIN TAX AT 10% WITHOUT INDEXATION. STATUS IS RESIDENT.
KINDLY HAVE YOUR OPINION

Dear Expert,

We have received a notice to pay interest@18% on GST late filing/payment for the periods Aug'17,Sep'17,Oct'17,Nov17,Dec,17 and Jan'18.. How can we request the department to waive off such interest since the period began as soon as the GST Act was implemented.

Kindly do the needful

Query 1. 44ADA and ITR under Normal provision.

I had disclosed income under 44ADA in AY 21-22. Now in AY 22-23 I want to opt out of 44ADA and disclose income by filing return under normal provision giving all the details of P&L and B&S declaring income less than 50%. Can I show it by filing ITR 3 or do I have to file ITR with audit since income is less than 50%.


Query 2. Is Franchise income is Professional Income???.

Client has franchisee of Pathology Lab and has blood Collection Center of Pathology Lab. TDS is being deducted under 194JB. The nature of income is not profession as such because it is only a collection centre. I thought to show it as business income but I feel ITR will not get process since TDS deducted under 194JB. What can be the appropriate measure in this regard.

I am holding unlisted which were purchased more than 40 years ago. I had 1,500 shares which were reduced to 900 shares on capital reduction.
How to calculate tax liability on sale of these shares?
Is there any basic exemption limit?

Regards
P S Gupta
Mail id: psgupta1@gmail.com
Mobile: 9903479357

I am passed group 2 CA final exam already. Now I want to apply group 1. But in exam application Form it is already enabled that group 1 & 2 failed status. How to correct this

whether Tax audit for A.Y. 2021-22 is revised?

Hello Sir,

If supplier do not issue credit note to buyer against short supply of goods than recipient can issue debit note without GST to match his purchases ?

Thanks & Regards,

Seema

Educational Institutions turnover above 2 crores shall we file IT Return claiming exemption u/s 10(23C)(iiiad)

Dear Sir,

We have received the services from Unregistered Transporter who is belong to Delhi ( Delhi to Gujrat) Now please suggest in which tax RCM charge IGST Or CGST/SGST. someone told me tax Charge under CGST/SGST because transporter is out of state and he is unregistered