Respected Experts
Please Guide

GST Registered Firm is going in for Closure. No Sales are being made since 15th March. Stock held by firm is being cleared by selling it in Lots.
Will the firm Pay GST on this clearance of Stock held by Firm
If Yes Will, The Firm raise invoice for such stock clearance sale in the same manner as Invoices were raised for Normal Sales
If stock clearance Invoice is raised, will it be shown in GSTR-1 and Tax payable paid in GSTR-3B of the month in which such stock clearance sale was made.

Please provide guidance. If possible, inform Section to Refer.
Thanks in Advance

I have a query regarding GST entry set as per GST Liability & cash register.

In current year 2021-22 how we set opening entry in tally. earlier we have not do such entry.

Please guide us.

Thanking you.

Dear Experts,

One of your customers has intimated to us that they have changed theirs. They want us to update their Feb 2022 bills with their new GSTIN so that they can take the credit.

We are required to follow e-invoicing provisions under GST. So, we have already created all their E-Invoices for March and Feb 2022 which cannot be canceled now on the e-invoice portal. Further, e-way bills were also created by us. The goods have been already delivered to the customer.

Please guide how to proceed.

Dear Members,
Greeting of the day!

If a company having PUSC of Rs. 1.5 cr and Turnover of Rs. 18 cr. then CARO 2020 is applicable or not ?

Thanks!

I intend to avail a personal loan and utilise the same for my daughter’s overseas education. Can I claim the interest paid on the loan as a deduction from my income under income tax

shareholder can be related party,only if he has hold shares.

Good day, Sir/Madame. We are a manpower consultancy firm based in India (one entity) that provides services to a US corporation (another entity) (under the name of an Indian director's spouse) for the purpose of hiring C2C, W2 and 1099 employees. Is TP Audit required for Income Tax Audit or for any other reason? or just reach an agreement between two organisations and set a percentage as a margin on Indian expenses in order to boost the invoice to the US company. Could you please make a recommendation for us?

Dear Sir,

Please provide solution to a problem, A GTA Company who Currently operate under 100% RCM, Whether it can enter into forward charge agreement or contract in which it issue Taxable invoice and can take ITC on Heavy Vehicle Purchased?
If can not than what other option available to company to take ITC on Vehicle Purchased for Transporting of Goods in the course or furtherance of Bussiness?

Thanking You,

Sir,
A Gst registered dealer difference between sec 16(2) vs sec 16(4) itc claim in gst act.

Kindly let me know the procedure for LEI registration for working cap loan to be taken by a company?