Hi team

I have entered wrong turnover in GSTR 1 in March quarterly gstr 1 return

How to i rectify now, it is showing shortfall of 2.16 lakhs

Please advise me on this

Thanks
Ravi

Mr.A received notice u/s 148 for the assessment year 2013-14 as on notice dated 31.03.2021 but the notice was digitally signed on 15/04/2021 .

As per the latest judgment of H'nble Supreme court state that reassessment notices issued under old law shall be deemed to be notices issued under new law.

Here sec 149 state that
As per substituted section 149, no notice shall be issued for the relevant assessment year if: (a) 3 years have elapsed from the end of the relevant assessment year, unless the case falls under clause (b) below

(b) If 3 years, but not more than 10 years, have elapsed from the end of the relevant assessment year unless the Assessing Officer has in his possession books of account or other documents or evidence which reveal that the income chargeable to tax, represented in the form of asset, which has escaped assessment amounts to or is likely to amount to INR 50 Lakhs or more for that year.

This limit of 50 lakhs apply to old notices also or not ?

Can I take the advantage of 18% GST that I've paid, if my private limited firm is sponsoring the course for me?

how to present Debit note and credit note in GSTR-3B.

Dear Sir,
We are a manufacturing Company having taxable turnover of less than 20 crore in previous financial year (F.Y. 2021-22). One of our customer have raised a debit note in the month of sep 2021 and does not shown that Debit Note in GST and now he is giving that debit note and want to raise credit note on 31st march 2022. What to do next as we have already filed GST return for March 2022

I had filed ITR -7 for AY 2020-21 on 27-01-2021 (due date was 15-02-2021) and also filed Audit Report in Form 10B on 27-01-2021 (Due date was 15-01-2021).

The CPC had disallowed expenditure claimed (revenue and capital) and taxed @ 30% on Gross Receipts.

Rectification request to reprocess was also processed with demand due?

What is the course available to clear the demand ?

1: Please let me know whether Vested RSU till previous year are required to file in returns? And whether separate entries for same stock with different vested dates are to be entered.
2: Whether RSU vested upto Dec21 and sold are to be disclosed or from Jan-22 to March22 sold RSU are also required to disclose?
3: The capital gains of sold RSU from Jan-22 to March-22 are to be considered for calculation of income for Fy2021-2022?
Pl elaborate

Constructed building on industrial plot in 2010 . Cost of construction only ( Plot cost extra) 22 LAKHs
Sold in April 2022. Depriciated value as on 31.03.2022 is 7.5 Lakhs.
For calculation of LTCG, cost of Plot will be as per cost index. What will be the building cost 22 Lakhs or 7.5 Lakhs.
K B Garg

In form 3cd , while filing
26 (i)B was incurred in the previous year and was
26 (i)(B)(a) Paid on or before the due date for furnishing the return of income of the previous year under section 139(1)
S.No. Section Nature of liability Amount
1 Sec 43B(a)-Tax,Duty,Cess,Fee etc Professional Tax payable 64401
2 Sec 43B(a)-Tax,Duty,Cess,Fee etc TDS payable 651201

This expenses has been disallowed even though is has been paid before due date and refund got adjusted against liability .
Does anyone faced similar issue , what measures taken

Mr. A is a registered taxpayer under GST. He purchased an A.C. for his office. ( Capital Good )
Mr. A have following query :
1. Can he claim ITC under the GST ? ( On capital good )
2. Can he claim depreciation on A.C. ( After claiming ITC under GST )