Good Morning Sir,
I have a query.
Recently Gov. notified that residential dwelling will no more be exempted and the registered party has to pay gst under RCM
A company i.e. STARKE INDUSTRIES is registered in Karnataka and they pay lease / rent for their employees residing at UP ( Please note right now company is not registered in UP)
Query 1 :- If immovable property is located in a 'state where STARKE INDUSTRIES is not registered' i.e. in UP and location of supplier (LOS) is also in such state i.e. UP then CGST and SGST is required to pay being an intra state supply. So how liability of CGST and SGST would be paid while company is not registered in such state? Or company will pay IGST? kindly tell the section which need to be gone through
Query 2: - If immovable property is located in a 'state where STARKE INDUSTRIES is not registered' i.e. UP and location of supplier is in MP. Then what will be levied i.e. whether IGST or CGST & SGST
Kindly have a look at the queries I will be highly obliged.

I had purchase M S Angle for factory building expansion purpose saller showing loading charge on invoice of Rs. 2000/-, & freight 5000/- total bill amount with GST RS 15,00,000/-, should I deduct TDS on this invoice under labour charges, Kindly guide

One of the clients due to lockdown and financial issue unable to commence the business in last couple of years not even filed Inc 20A till now, ROC issued form stk1 due to non commencement of business after 180 days from the date of incorporation, how to handle this complainces with ROC to remove the company name in ROC

I am unable to file my IT RETURN FOR 2021-22 FY. MY INCOME IS LESS THEN RS500000/ AFTER TAX REBATE I WON'T HAVE TO PAY ANY TAXES UNDER OLD REGIME.

WHAT PENALTY AND LATE FEES WILL I HAVE TO PAY? PLEASE ADVISE?

We have a firm which has earned a profit of Rs.9 lakhs last year (fy 21-22) One of partner has retired and a new partner joined the firm in feb last year (feb'22) . Now when we pay retiring partner's capital rs.3 lakhs + rs.3 lakh profit and int on capital rs.45000. How much income tax liability retiring partner will have ?

Will the retiring partner have to pay tax on entire Rs.645000 ? Asking this question as someone told me that retiring partner does not have to pay income tax on any amount he gets on retirement from firm. Is this true ?

I have some Short Term C G ... how do i show it as business income without maintaining book of accounts ..

Urgent
partnership firm incorporated in march ending 2022
bank account opened in may 2022
there were no transactions in F.Y. 2021-22
do i need to file nil return?

Partners in a firm have decided to part ways and close their Firm with mutual consent. They have signed on a Termination agreement and wish to surrender PAN of the Firm.
They will write to their jurisdictional ITO on Firm letterhead signed by Managing Partner that they have closed the Firm and surrendering the PAN of the Firm. Please advise on the following:
1. Is PAN card (original) to be enclosed?
2. Is letter required to be signed by all partners? or Signed by Managing Partner is sufficient?
3. Is Agreement of termination, signed by all partners, required to be also enclosed with the letter?
4. Will the agreement on plain paper be accepted or it has to be on stamp paper?
5. Can the ITR for current financial year (2022-23) up to date of termination be filed on due date even when PAN has been surrendered? The income for current year is NIL as the FIRM has discontinued business in previous year (2021-22) it self ?
Will be greatful for your advice.

I want to clear my doubt as one of my client told me to File the return by putting wrong challan details as the return was received at last moment and tax was due in it, and we will deposit the tax on 1st Aug and on later date when we will receive the notice for defective return we will put the August challan entry and so our late fees will be avoided. Is this practice as per Sec 139 and can we avoid late fees by following this procedure. I refused to do it but today morning he told that he has filed his return with some other consultant on last date by following this procedure and nothing is wrong in it.

HAI SIR,
I AM WORKING SEZ UNIT, WE ARE 100% EXPORT BUSINESS.
I NEED SOME CLARIFICATION FOR BOOKING FOR SALES, RECEIPT & CONVERSION ENTRY.
1. SALES ENTRY :
CUSTOMER A/C CR $ 1,000/- @ 69/- = RS. 69,000/-
TO SALES A/C DR $ 1,000/- @ 69/- = 69,000/-

2. WHEN THE MONEY RECEIVED : CUSTOMER A/C DR $ 1,000/- @ 70/- = RS.70,000/-
EEFC BANK A/C CR $ 1,000/- @ 70/- = RS.70,000/-
DIFFRENCE AMOUNT RS.1,000/- FOREX GAIN ( THIS AMOUNT ACCOUNT GOES TO CUSTOMER A/C )

3.BANK ENTRY RELATED :
WE RECEIVED PAYMENT FROM CUSTOMER ON 01.07.2022 $ 1,000/- @ 70/-

WE ACCOUNT IN TALLY FOR BANK ENTRY :
CUSTOMER A/C DR $ 1,000/- @ 70/- = 70,000/-
EEFC BANK A/C CR $ 1,000/- @ 70/- = 70,000/-


EEFC TO LOCAL BANK TRANFER A/C.
EEFC AMOUNT CONVERT INTO LOCAL CURRENCIES.

EEFC BANK A/C DR $ 1,000/- @ 72/- = RS.72,000/-
TO LOCAL BANK A/C CR $ 1,000/- @ 72/- = RS.72,000/-

BALANCE RS. 2, 000/- EXCESS IN BANK BOOK .

HOW TO ADJUST IN BANK BOOK. WHICH LEDGER PASS THIS DIFFRENCE.
KINDLY GUIDE ME .