Dear Experts,

I am an individual running two business simultaneously. For one business which is Printing, Publishing and Retail sale of books, filling the IT return in Presumptive taxation scheme. But since I wanted to start the new business which is manufacturing of masks, for which I want to file return as per normal provisions of PGBP. Kindly advice whether we can do so as per Income Tax Act.
Filling the one business income under U/s 44AD and the other business under normal provisions of PGBP.

We have received intimation from SGST Department for excess TRAN 1 credit claimed of Rs 53003/-. We have utilized the TRAN 1 credit in the month of Jan 2018. Now we have received intimation to deposit tax along with interest. Now we are having a credit in our IGST , CGST and SGST ledger. When we are doing DRC 03 the amount of SGST is first adjusted through IGST can we do this or cash has to be deposited and then DRC 03 to be done

Second will we be liable to pay interest U/s 50 as the section points out wrong credit U/s 42(10) and 43(10).. Please guide.
If the department issues us the showcause notice for interest will be, be liable for penalty also.

i have exported certain goods for $100000 under payment of IGST. on the date of removal, custom exchange rate was say, RS. 75.2/- and on the date of presentation of shipping bill, exchange rate is Rs. 74.50/-. now I am eligible for gst refund 1341000/- ($100000*18%*74.50). However, my e-way bill shows tax liability of Rs. 1353600/- ($100000*18%*75.2).
How to reconcile this amount in books of accounts and e-way bill?
Can I amend my invoice so that my above amounts are equal in books, GSTR-1 and shoipping bill? and will there be any impact due to mismatch in eway bill?

Dear, sir
I have used all CGST Amount in my credit ledger.I have a credit balance of SGST, now how can I use it in my next return with CGST.

A Doctor income private clinic and job in hospital.
Question:
Person gst registered required in gst act.

A gst registered regular scheme dealer purchases of goods computer generator invoice received by seller
This is computer generator invoice hence physical signature not required shown in computer generator invoice
Question:
Dealer this invoice input credit claimed eligible in gst act.

The Assessee had filed its ITR-7 . The Assessee has not claimed any depreciation on Fixed Assets from its incorporation and carried its Fixed assets at Cost. From A.Y.2020-2021 onwards, assessee wants to claim depreciation. Can Depreciation be claimed on Fixed Assets at Cost w.e.f A.Y.2020-2021 onwards or not??

Is it professinal income or business income?what will be the limit for tax audit?,if income is more than 5000000/ can he file itr4 ?
What is to limit for tax audit?

SIR
We are having two GTA - One is A - It is a Private Ltd, Other One is B - It is a proprietorship. No one has own trucks.
B agreed with their parties to provide transport services and is doing. B has to receive the bills from its sub-contractors for availing the trucks.
But the sub-contractors have issued the bills to A (Co.)instead of issuing to B by mistake.
Again A (Co.) issued bills to B by the same value of invoice issued by the Sub-contractors.
At the time of payment, A (Co.) has deducted tds @ 1% on the payments made to the sub-contractors.
In this case, B has to deduct tds @2 % on the payments to be made to A(co.)?

guide me plz
Adv thanks

Respected Sir/Medam
we filed it return for AY 2018-19 which was invalidate and notice u/s 139(9) passed. Further we filed response for that notice. Income Tax dept consider the same and passed the final order u/s 139(9) again invalidating the return.
Now please guide how can I proceed further against this order since no appeal can be filed before CIT(A) against order u/s 139(9).