Sir,
A Gst registered composition scheme dealer sales of goods turnover rs:52 lacs only show in gstr-4 f.y.21-22 .but dealer sales turnover rs:60 lacs and commercial rent rs:1,20,000/- show in it returns in f.y.21-22.
Question:
1.Dealer difference sales turnover (rs:60 lacs - rs:52 lacs ) rs:8 lacs show procedure and tax pay procedure in gst act
2. Dealer commercial rent income rs:1,20,000/- show procedure procedure and tax pay procedure in gst act

As per Section 206C(1A) -
(1) A declaration under sub-section (1A) of section 206C to the effect that any of the goods referred to in the Table in sub-section (1) of that section are to be utilised for the purposes of manufacturing, processing or producing articles or things and not for trading purposes shall be in Form No. 27C and shall be verified in the manner indicated therein.

(2) The declaration referred to in sub-rule (1) shall be furnished in duplicate to the person responsible for collecting tax.

(3) The person referred to in sub-rule (2) shall deliver or cause to be delivered to the Chief Commissioner or Commissioner, one copy of the declaration referred to in sub-rule (1) on or before the seventh day of the month next following the month in which the declaration is furnished to him.

My doubt is that what would happen if we don't deliver one copy of declaration to Chief Commissioner or Commissioner as per Clause (3) above.

Hello Experts,
I am facing an issue, while replying to a notice on Compliance Insight Portal, i have filled all the mandatory fields like Response/Remarks, uploaded needed documents, when i click on Submit button, I get a pop-up window says Info "undefined", only button available in this window is "Ok" button, as soon as we click on ok, we are back to Response Submission page. Apart from not able to submit response , nothing happens. Already opened Grievances & tickets on Compliance & Income tax portals but nothing helped till date. Its already couple of days gone with same error msg.

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Hi All,
I recently purchased an immovable property-flat-value around 54 lacs. The amount is being finance by bank to extent of 70% and rest is paid by Downpayment of 30%.
Just wanted to understand when I deduct TDS how to arrive at the value on which TDS is to be deducted and how to pay 1% less since bank directly transfers amount to builder. Also please help understand GST and it’s implication while arriving at the value of property. Please guide them will deduct tax accordingly. Thanks, TS

Sir,
It assessess purchase of site joint property rs:48 lacs (names:A,B,C) rs:48 lacs name : A show as per 26as .
Question:
Assessess above purchase of site transaction show procedure in it returns.

Dear Forum

RCM liability arose in FY 2017-18. Self invoice generated in FY 2020-21. Interest paid for delay. RCM liability paid in FY 2020-21 and ITC claimed in same year.

Is this permissible in gst law. ?

Regards

Dear Experts
One of my client is foreign citizen who provides astrology services in online platforms like astrotalk etc.
Tax has been deducted u/s 195
My question is as 44AD is not applicable to NRI
Can he show income as Books not maintained case ? mere gross receipts less deduction and profit in ITR 3 ?
or do he need to file P&L Balance sheet for the same
please guide
he completely operate from out of India remotely. so he doesn't have any expenditure here in india

Experts

I have a query on write off of unrealised export bills under FEMA.

We are having export debt due from a client in Iran from 2019. Payment could not be made due to sanctions and our AD bank refused to handle remittance from Iran.

Softex is llying on those export invoices.

Now we have decided to write off the debt as bad in accounts.

On approaching AD bank for allowing making bad debt and knock off Softex in EDPMS they have said they cannot act on this matter as it is related to Iran.

Do we need to approach RBI as per FEMA rules or our liability ends on referring the matter to our AD.

Please advise.

When I am running FVU for 26Q it is giving error and not generating fvu file for Q2 return.