Sir / Madam,
One of our suppliers does not file his August 2018 GSTR1 till date. Hence our 2A does not display their bills but we have claimed in our GSTR3b in Aug18 itself.
1} Can we now reverse the credit which we claimed in Aug18 in our Sep2020 GSTR 3B with 24% interest from Aug18 to Oct20 (26 months)?
2) Is it correct to reverse the ITC now? –lapse period more than 2 years.
3) Can we raise a debit note on the supplier for the tax portion and for interest for 26 months as the party did not rectify besides our series of follow ups for the last 1 year?
Kindly advise us.
Thanks in advance.
With regards,
Bazeer L

our co. is buying land from state government. IS TDS IS APPLICABLE ON IT U/S 194IA? IS SECTION 196 FOR EXEMPTION APPLY TO THIS TRANSACTION?

I am a seafarer. This year, I could not complete my NRI days. I have 3 NRE account and some NRE FD. I can still keep the NRE account and FD, and pay tax for interest received this year for NRE FD, since I am expecting to revert back to NRI status from next year. Also what percentage is the tax liability for NRE FD interest received.?

Is every company liable to file GSTR-9?

Who are all required to upadate KYC (DIR KYC)

What is the due date for DIR-3-KYC due date for financial year ending 31st March 2020

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1) TCS APPLICABLE ON ONLY GOODS SALES?
2) TCS APPLICABLE ON GOODS AND SERVICE SALES?
My company only for service provide tds already applicable.
Tcs applicable in my company?

If Seller has received Rs.60 Lakhs upto Sep 30 and on 5th october seller receives Rs.1 lakh..TCS will apply or not?

SIR

1) We are providing transport services. Will TCS SEC 206 (1H) be applicable?
2) We are also having trading unit in which we are buying and selling Bio-diesel / Tyres / Spares etc., Can we collect TCS?
3) This section directs to collect the TCS on the payment to be received from the buyer. TCS on Collection means the total bill value I think. So It is levied indirectly on GST also. Is it correct Sir?

Guide me Plz
Thanks in adv

Sir/Madam,
In my Form 26AS for the AY 2020-21, an SFT is shown as Time Deposits said to be having taken place during the year , Whereas the amount shown as SFT 005 pertains to the renewal of the Time Deposits made in the previous financial year which is shown wrong in my 26AS. What is the action to be taken by me in this regard?
N Eshwar.

My client is Agent provide services to Bajaj Finance and bajaj finance is paid tax under RCM and issued invoice then where to show my client in GST return 3B and GSTR 1 outward supply