Hello Friends,

Request your suggestion on the following point:

We have import of software on which GST was paid under RCM mechanism and input of this RCM was taken as ITC.

But now we have to cancel this import of software and issue a debit note against this Import software invoice.

So is there require to Reversal of RCM or paid GST debit note issue? and how to handle GST if payment not made against an invoice?

interest on loan paid against commercial property is claimed as expense. whether depreciation on such commercial property is allowed or not

Dear sir
Please help me to suggest that . My firm purchase furniture and fixture from a GST register Clint ( propriter) as 2,37,800 as cost of goods and Gst charges 18% on 31.03.2019. We claimed as full as capital goods and charges Depreciation during the F.Y 20182019 but in F.Y 2019-20 check that that client did not deposit GST. In this case could i reverse Depreciation or Gst Itc Claimed value in current year ? please suggest.

I Have a GST Registration in WB with turnover more than 1 crore. I have given a Showroom to Reliance Company service on rent @12,000/- p.m. in Luckow(UP) . Whether it is mandatory for me to take GST Registration in Uttar Pradesh or i can raise the same bill from West Bengal Registration number.
Please Clarify it.

My relative is a foreign citizen and has sold a residential property in pune for 69lacs to an in indian citizen in Jan 2020. But the agreement was done by power of attorney, and the buyer had wrongly deducted 1% tds. Now I came to know that he should have deducted as per NRI. Now what should be done. Please suggest.

Hi'

I would like to have clarity on the following with respect to Income Tax calculation for the financial year 2019-20:

1) What is the maximum deductions that shall be shown
2) Shall we claim Housing Loan - Principal / Interest for 2 properties at a time
3) Shall we claim medical expenses of in-laws for a women tax payer
4) Standard deductions for HRA
5) Standard deduction for women employer
6) Any other standard deductions that shall be claimed

Anyone pl. support me

We have Manufacturing Company (Pvt Ltd). We purchase our Raw materials from another manufacturing company. They send materials to our factory by their own trucks.

They issue two type of Invoice one is Materials Invoice and another is Freight Invoice.
Now Question is:
Q1/ Can a manufacturing company issued separate Freight Invoice? Is manufacturing company fall under GTA service Provider?
Q2/ What will be the rate of GST on freight Charge?
Q3/ Can we take ITC from Freight Bill?
Q4/ is RCM applicable for me?

Please Guide me

One of my client want convert Sole proprietorship into Private Company. He started Sole proprietorship in this year and also want to convert to private company in this year so whether it is lawful ? if yes whether expenses incurred in the business upto conversion can be carry forward to company income tax return ? please say the Conversion Process.

Dear All ,

Any income tax provision applicable. if director giving interest free loan to it's company . and company not paid any interest to director . and director borrowed loan amount from bank on his own account.

Dear Sir, we are received a labour contractor invoice of 1,85,000 and i paid 1,55,000 by cheque (TDS Deducted ) and rest 30,000 in cash ( 5000 * 6 in diff. dates ) . so should i deduct tds on cash payment (30000) or not. please suggest me.

Thank You.