Not yet received the assesment order for the AY 2020-21. is there any extension?

Hello Sir,


my query is regarding the passing of accounting entry

we have purchased a Software license for a period of 12 months
with Cost Rs.156000/-

now question is

1) whether this Rs.156000 will get

Debit -Software (under fixed asset)
To Supplier

or

2) whether this Rs.156000 will get

Debit -Repairs and maintenance ((under revenue (indirect expenses))
To Supplier

kindly note we are end users of this software & not reseller or distributor or redeveloper


Thanks in advance
Vasant Mahajani

If fdr receipt lost and it matured too then to get the proceeds what is the procedure? As bank is asking for the indemnity bond witness sign aadhar...
To get the own fund why there is so much formality...i got the indemnity bond then they ask for the witness...
I just ask them to transfer the proceeds to my saving account...

A Private Limited Company has not filed its IT returns for the Financial Year 2019-20, hence ROC returns also not filed till date. What are the consequences and how to resolve the same.

Dear Experts,

one firm rendering IT-related services is using another firm's Server for which a maintenance charge has to be paid. The Server providing firm is having the doubt that Server Maintenance Charge is taxable or not under GST Act. Please clarify.
With Thanks & Regards,
Ramaswamy.T

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Two questions
1. Since its immovable property and can this be considered as works contract on a immovable property and hes not liable to take input credit for the same or is it different to the above statment.

2. At end of the contract is he supposed to Charge a bill for the contract with GST even though he is below the GST threshold limit.

Sir, invoice issued in july 2021 but cancelled by receiver NOW receiver consider as INVOICE and we consider same invoice number cancelled in GSTR 1 for particular invoice number earlier.
We have already filed GSTR 1 for MARCH 2022.
Please suggest how add this particular cancelled Invoice number OR add new invoice for MARCH 2022
Regards
Vikas

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Sir / Mam
I am a trader of truck tyres and doing my business nearly with 7 transporters by the following two nature,
- We are selling the new tyres to the transporters / customers.
- On behalf of our transporters / customers, I get the old tyres from them and send to a Retreading Company for tyre Retreading purpose. Then, that Retreading Company issues service invoice to me with GST.
Here, the 7 transporters are hiring their trucks to a GTA.
So, GTA requests us to issue the invoice on it for selling of tyres to the transporters by us.
Q.No.1 - Can I do it like that under GST?
Q.No.2 – Can I avail the GST on retreading charges and pass on it to my customers?
Q.NO.3- Will the Tyre retreading service come under Job Work?

If yes, plz advise me what to do further

Thanks in adv