My client is a contracts and has done many works contract with psu.
But there is not GST liability showing in their RA bill. So should we treat it as inclusive of GST or GST is to be paid by their own pocket

SIR
I am a proprietor and doing trading business. It is not covered under the nature of Manufacturing / Service Category.
Udyam Portal allows only the above sectors and not for trading sectors.
Can I get the Udyam registration for my business?
Guide me Plz
thanks in adv

SIR
In Case if we delay the filing of ITR for 19-20 before the 30th Nov 2020, what will be the consequences which we have to face?
Guide me sir
thanks in adv

1. A gst dealer purchases of goods 12%tax rate from another gst registered dealer.but seller gst tax rate 18%collected and billing.dealer input credit claimed tax rate 12 or 18 % applicable

2.non gst registered person sales turnover amount rs: 42 lacs shown in I t.return in 19-20.dealer not gst registered in gst act.my doubt if dealer new registration gst applied and gst new number received after previous year sales turnover amount rs: 42 lacs and April to August,2020 sales turnover amount gst tax payble compulsory turnover shown in gst returns.

one of my client is a building material supplier . In August 2019 he purchased raw materials from a supplier and paid the amount . but the supplier not filed the GST Return and my client took the set off against it. now in this case what can be done . The supplier from whom material was purchased is not interested in filling GST return ..Please help me how to sought out this issue

Experts please help me out.
What are the journal entries involved in the following transactions. Say rent payment by Mr.A 1.Online payment initiated by Mr.A goes to Mr.B (payment gateway) say Rs.10000 2.Mr.B settles to Mr.C (intermediary) Rs.9800.00 3. Mr.C finally settles to Mr.D(end user) Rs. 9700. Total commission Rs.300 beared by Mr.A.
C raise invoice for Rs.300

Dear Sir, When we purchase and sales of shares of listed company from brokers. Brokers issue a contract notes/bill for purchase/sales of shares. In this contract note included name of company, rate of shares & net purchase/sales amount and brokerage & expenses of stock exchanges/transaction charges such as STT, Turnover charges, sebi charges & GST Exps. My query is what is accounting treatment as per income tax & how to pass the entry in accounts. The cost included in purchase of stocks, brokerage & expenses of stock exchanges/transaction charges such as STT, Turnover charges, sebi charges & GST Exps or only stocks purchase Exps. Please explain in above issue. Thanks & Regards

Manoj

Value of GST payable on transport charges by recipient under Reverse Charge Mechanism was not shown in GSTR 1 & 3B monthly returns for f y 18-19

Now if shown in GSTR 9 Annual Return whether it will result in any consequences like penalty etc

An assessee being a director of a listed Company, had received salary more than the limit as per Companies Act, 2013 pending Central Government approval and paid tax on the same appropriately in AY 2014-15 and AY 2015-16. Subsequently, as the Central Government approval could not be procured, the assessee had repaid excess salary to the Company. However, TDS on the higher salary was deducted by the Company and the entire excess salary received, was paid back by the assessee to the Company. What is the recourse available to the assessee to claim Income tax refund now as tax was paid on income which is returned back by the assessee ? Can a revised return or any grievance petition be filed online ?

Thanks in advance.

my friend has transport agency , he registered in gst , he has no own vehicles but he is hiring vehicles for transportation and getting commission on each trip , He is raising transport bill on total amount to customer on rcm basis , he is filling gstr-1 and gstr -3b , he has done approx 50 lakhs worth bills raised in fy 19-20 As per gst turn over is 50 Lakhs but he has got commission on each trip minimum 200/- . How can he show the turn over in income tax , as per gst turnover 50 lakhs but he has arrived income nearly 2 lakhs( commission) on total year because he has hired the vehicles from others.
Please give your valuable suggestion on , how can he show the income as per gst turnover or commission basis , customers transferred the total bill amount in his bank account sir .