Hello Expert,

We provided some installation & operation services to Maharashtra & Karnataka location, service received in India but service recipient is in Germany.
The payment of above service will be in foreign currency i.e. from Germany, here we will issue invoice of Commission charges.
1) For above transaction what will be the tax applicability.
2) Is this transaction treated as " Export of Service"

Requesting you to please share your valuable inputs with base of gst law.

Thanks in Advance.

Hi,

How to pay GST on purchases made for software licenses from vendors like Cpanel, Digitalocean who bill monthly in USD and we pay by credit card. Can you please also help with accounting entries to be done as these invoices are in USD, so how to calculate GST and under which category they will come. Also how to claim input credit for the same.?

Trust have sold recently inherited (Old) commercial property vide Income generated Rs.15Lac on it so kindly guide us on below queries;
1. Whats the Capital Gain Tax Applicable?
2. Where we can invest (Bank FD or Post Office FD or Property or Bonds or Mutual Funds) inorder to have proper Tax Planning?
3. In How much time we have to invest?
4. Do we have to invest total amount received on sale of property or the income generated Rs. 15Lac?
5. If invested in Bonds or Mutual Fund whats the Locking Period?

Kindly update us on above queries or we are contactable on 9867023723 for more clarification.

Dear Sir,
We are one of the manufacturers in the textile industry. Our company has owned 2 windmills and generated power has been utilized captively for our company production. The wind mills were procured with borrowed bank finance. For determining profitability of wind mill operation and we had to submit the operation statement to banker, in our company accounts we create a windmill division and raise invoice internally (buyer and seller is our company only) for the unit generation and accounted the expenses pertain to this division.

1. We filed GSTR1 without showing the windmill presumed income as there is no outward supply. However for the purpose of tally the total company turnover with the GSTR9 / 9C turnover we had filed our GSTR3B with the income as non gst supply still December2020. But from January 2021 we have filed the GSTR3B without the windmill income as there is no outward supply.

2. Likewise we have not filed with the RCM entries in GSTR1 whereas in GSTR3B we filed with the RCM and paid the dues promptly within the time.

Now the GST authorities raise query as why the difference has been made between total turnover as per GSTR1 and total turnover as per GSTR3B.

The listed above 2 criteria has made the difference between our total turnover of GSTR1 and GSTR3B.

Kindly advise us whether any fault at our doings. What would be the correct practice when the internal division transactions.

Thanks in advance.

with warm regards,
Bazeer L

when i upload 10a after attaching all documents . On submission of form after affixing digitals it shows submission failed . Invalid flag but no details given of error

In FY -19-20 Department send me demand tax late fee RS- 980 and i am pay yesterday with interest using net banking then i try to submit response in adding challan details not submitting showing massage me if i save challan clicking (Any open challan with such details is not available in the database for this assessment year.) this massage showing and submit option not activating .3
please help me above problem

10-11-2021
From:
CA Laxmi Mittal
Vapi

Re. Filing of I.T. Form 3CB-CD

1. Has anyone filed above Tax Audit forms. When log in as CA-Filing Forms-Filing 3CB-CD, Not able to see where to upload Filled in Form 3CB-Cd, Balance Sheet, Profit & Loss tec.
2. Also DSC register link is not available

Pl. share if someone has filed the above

Thanks!

Can anybody please provide the format of Affidavit to be submitted to Principal Commissioner of Income tax along with Form 39

Thanks in Advance

Tribhuvan Purohit

On of my client participate in another state exhibition , they have mentioned that participants are to take registration under Gst in the state of karnataka Only , so it means when we try to apply casual tax payer gst registration, we have to mention that particular state in initial details na? for ex my client state is AP, event to be conducted in Karnataka so which state we have to mention in initial details?

kindly clarify

Dear sir,
I am filing my income tax under 44ad
this year I got income of rs 15 lacks in future trading
can i filed my buisness income(45lacks)+ future trading(15 lacks)=total 60 lacks under 44ad and show net profit of 8% of 60 lacks
kindly provide guidence