what is the accounting proceedure for accounting subvention income invoice received from bajaj finance ltd to a dealer dealing in electronis?is TDS u/s 194h is applicable while remitting by the dealer to bajaj finance limited?

A bank has taken possession of a piece of immovable property from a defaulting borrower through Court. Now Bank is selling the same through Auction. One Mr. X the bidder is the buyer - no doubt. So Mr. X is supposed to deduct tax at 1% from the Seller. Is he to deduct tax from the Bank or from the original owner ? Than you

Sir,
I am a registered person in Maharashtra and for business purpose had travelled to Karnataka and stayed in hotel. The hotel charged IGST instead of CGST + SGST. Now the department audit is conducted and the officers are denying the availment of IGST paid by me. Whether, the officers are right ?, if yes, than by which section they can invoke to disallow my availment of IGST?

We had provided an expenses invoice with GST in FY 20-21. But due to some disputes we didn't paid him for the charges nor taken GST credit. Even he also didn't accounted that invoice. Further disputes were settled & he issued same invoice in FY 21-22 but in mean while we missed to remove entries in FY 20-21 & filed ITR. Now what we must do to settle his account as we are considering invoice in FY 20-21 & he is considering in FY 21-22 (as per IT angle as well as GST angle)
Please suggest
Regards.

In case Transfer of articleship form 109 is send back for correction to RO, and if I request for the cancellation of my transfer, do I will have to fill form 102&103 again for re-continuation of my articleship, as my transfer form has not been approved.As I am into 3rd year of my articleship.

Sir
I have taxable income below 5 lakh but during the year have earned short term capital gain from sale of shares rs 200000
How to calculate income tax

Hi Friends,

A is service provider and B is service recipient. Both are registered in Delhi.
A gets a contract from B to organize/manage a model’s shoot for his products in a location situated in Uttar Pradesh for a fee of Rs 5 lacs plus 18% GST.

A hire the following services at his end to perform the services for the shoot and makes the payments to the service providers directly who have billed to A as under.

i. Model’s fee Rs 1 lacs plus IGST@18%
ii. Make-up artist Rs 20,000 plus IGST@18%
iii. Photographer Rs 50000/- plus IGST @18%
iv. Hotel at the location of shoot Rs 17000 for two rooms @ 8500/- plus GST % 18% (CGST+SGST)

Neither A nor B is registered in U.P. for GST.

Please help me with the following queries.


1. Is it ok if A in his invoice to B charge 9%CGST+9% SGST%9% on his fee of Rs 5lacs
2. Can A claim ITC on the services hired by him i.e. of Model, Make-up artist, Photographers hired in UP for performing the shoot for B and hotel hired by him
.
. Thanks
Prakash

Respected Sir,
We are a Private Trust registered under Societies Act. No GST registration. Are we liable to pay Professional Tax (Odisha).

Dear All,

A widower received family pension of Rs. 360000/- in FY 2021-22 which includes arrears of Rs. 120000/- pertaining to FY 2020-21.

For the purpose of computing relief u/s 89(1), can the assessee claim standard deduction u/s 57 of Rs. 15,000/- while computing the additional tax for AY 2021-22?

If yes, where / how to show the aforesaid deduction in the Table A of Annexure 1 to Form 10E?

Thanks
Niki

Hi friends,
Is there any penalty if I have mentioned a wrong Service description and/or SAC code on my tax invoice in the FY just competed.

1. is there any problem for the receipient to claim the GST.
2. is there any remedy to rectify it. of course, now it has been detected and I can correct it for
future.
However, there is no change in the rate of GST. both the services are taxable with 18%. And tax has been collected and duty paid/adjusted from ITC.

An expert view on this will be a great help.
Thanks

Prakash