Our one client not filed Gstr-3b and Gstr-1 for February 2020 and March 2020. now he want to do file for respected months. query is that 1) he can avail ITC for february and march 2020 month in GSTR-3B ? 2) What is the last date of availment of ITC for february and march 2020?

Whether it is mandatory to disclose interest accrued on fixed deposits as part of other Bank Balances or it is allowed to be shown as part of current asset separately.

Dear Sir,

We take GTA service with below equation. Kindly advise the correct RCM to be paid i.e. IGST or C+S
1) GTA is in Delhi, We at Haryana, our consignee is in Haryana
2) GTA is in Haryana, We at Haryana, our Consignee is in Delhi

Sir, if we sent goods through Rickshaw (Non-motorised) having value Rs. 65,000/-. Should we make E-way bill?

Kindly advise.

Rakesh Sharma

Dear Experts,

Can we take ITC on below various service which we avail generally :-
1) Air ticket of Director for business purpose only.
2) Air Ticket of Employees for business purpose only.
3) Hotel Room Rent paid (hotel is in difference state)
4) Hotel Room Rent paid (hotel is in the same state)
5) Internet Service for Office
6) Insurance of Lorry for goods transportation.
7) Repair & Maint. of Lorry
8) Insurance & Repair of Car

Please guide.

Rakesh Sharma

Dear Sir,
Transporter is registered under GTA @5% GST payable by Service Recipient.
Transporter can not claim the ITC on purchase of Tyre & thier parts.
Can the Transporter be eligible to take the refund against ITC purchase on it.
Kindly guide us and oblige.
Thanks & Regards,
Prem Chandra Thakur

Dear Experts,

Is there any notification issued by Govt. to mandatory applicable GSTR 2B?

Regards,

Rakesh Sharma

Hai Dear Friends Good Evening.
One Of My Client Who Is working as consultant In an MNC.Now While filing his income tax Returns In Form 26as we find out that SFT Transaction Of Approx 13lakhs For Credit card Payment.
Kindly Share Your Valuable Advise Weather Is It Disclosed While Filing Income tax Return Or Any Special Treatment For the above mentioned Transaction.
If Need to be Disclose under which Transaction It show?
Kindly Guide Me For Further Process.
Pls Elaborate If Possible Regarding SFT Transaction.
Thanking You All.

We have given our plant and machinery on lease for a period of three years as per lease agreement. The amount paid by renter to our company is being shown as rent paid in the books of accounts of the renter but in our books of accounts is being shown as COMPENSATION. Whether is allowable by the income tax department to shown rent received as COMPENSATION.

we going to file the income tax return partnership firm For the FY-19-20.

total turnover. 1,12,00,000
profit @7%. 7,84,000
remunatration 3lakh per partner. 5,60,400
total income. 2,23,600
30% tax. 67,080
4% cess. 2,683
tax payable. 69,763.

please tell me how to save the income tax

A gst registered regular scheme dealer purchases of goods april-2020 Input credit claimed shown in gstr3b .but selling supplier goods shown in gstr1 July -2020 upload.
Question:
Dealer input credit claimed shown in April-2020 gstr3b eligible in gst act.