Hi Sir,

Greetings!!!

Query - Can we claim ITC of Invoice belongs to July2019 in July2020.

Please help me with the law & provision reference also.

Thanks and regards,
Raj Yadav

While validating Correction RPU for 24Q (Q4 : 2019-20), an error is shown as T-FV-4040 'Total Taxable Income(355-366)' not equal to the Difference of 'Gross Total Income(338+352)' - 'Gross Total of 'Amount deductible under provisions of chapter VI-A under associated Salary Details-Chapter VIA Detail' .

Please help me how to fix such error

Sir/Madam

We had filed 24Q Q3 return for the FY 2019-20 by including bonus amount of employee. The revised return got rejected by mentioning reason VALIDATE FOR TOTAL AMOUNT OF TAX DEPOSITED. We are getting this error again and again. we just added only bonus amount and we did not alter any of tds amount against any employee.

How to rectify this error while filing revised return.
Regards
P.Saravanan.

KINDEST REGARDS TO ALL OF YOU

CAN ANY ONE GIVE ME A LINK SUCH THAT SHOULD PROVIDE ME A CHART OF INCOME TAX SLAB FOR THE AY 20-21 AT A GLANCE

I SHALL BE HIGHLY OBLIGED

A functional hall gst registeration person advances( booked functionas) received from customers.bookeing functionas cancel advance refund to customers.
Question:
Person how to adjustment producure advance refund to customers amounts
Shown colums in gstr3b and gstr1 monthly returns.

Dear Experts,

I am planning to buy a school (Land + Building) which is currently registered as a Society under Andhra Pradesh Societies Act and rent it out to the same management. Please note that, I am not planning to run the school at least for next few years, due to different obligations, so I am planning to rent it out to the current management as they are interested in running the school for next few years.

As the School is currently registered under Society, I am not sure what is the best way to buy and rent this school. Could any experts in this forum please answer below questions. Greatly appreciate your help on this.

1. Is it a good idea to create new trust with my family members as members and purchase the School (land/building) in the name of trust and rent the school to the existing educational society which currently owns the school? OR Is it better to buy this property as an individual (on my name) and create rental agreement?

2. Which is better between registering property under my name vs newly created trust name from cost/taxes perspective? In case of trust name, Do I need to pay Property registration charges of 7.5% ? For example, in Andhra Pradesh, the base Andhra Pradesh Stamp Duty rate of apartment/ flat is 5%, transfer duty is 1.5%, and the registration fee is 0.5 %

3. In future, If I want to run the school then what is better option Purchasing the school on my name VS purchasing the school on trust name?

Thanks,
Kumar

Hi

I have got my registred (GST) my firm recently for selling women apparel online on Amazon and Myntra only.

Query: I have bought 8 pieces of dresses last month as a sample before getting a GST number as it was in process. (invoice in my own name.) Now since the samples are ok and I have got GST also how can I sell these online. Means I can sell through the platform but how to mark entry in GST return?

Query 2: I have already filed GSTR 1 as there was no sale in the month of June 2020. would like to what all GST returns are to be filed for the month of June 2020. Also, consider the above query in this response. (Note: I have chosen to file returns on a monthly basis).

We have booked some income in the year 2018-19.but not received the payment yet can we issue credit note now .we have not yet filed gstr 1 March 2020. Can we issue credit note in this return

Hi all,

Can anyone please suggest if the study material for LAW and Audit (CA final - Old course) is sufficient? or should I study any additional author for these two subjects?

Regards,
Komal

Sir
A logistics Company agrees with sub-contractor to do its part of business for hiring. Then, Sub - contractor raises invoice claiming his hire payment from the company.
Can the sub-contractor charge the GST on the sale invoice?
Here, Both are registered under GST Act.
Logistics company is a private ltd whereas the sub-contractor is a partnership firm.
But the directors for both the units are the same.
guide me please

thanks in adv