hi experts.

Please help me to know that our purchasing company had not been raised few credit notes for the fy 2018-19 against our debit notes. We are already been shown this in our gstr3b at that time.

Me would like to know what solution in GST to include these credit notes also in the fy 2018-19. please also let me know any other solution.

Thanks in advance

regards
Rajesh

TAX AUDIT U/S 44AB TURNOVER PLEASE EXPLAIN,
1)HAVING SALES RS.50L PLUS CLOSING STOCK RS. 65L, TOTAL RS. 115L
2)HAVING SALES RS.0, PURCHASE RS,3.5CR, SO SHOWING CLOSING STOCK RS.1.5CR

I am a Professional having a Proprietorship firm. I have taken office space on Rent and incurred expenditure for constructing office ( Painting, electrical fittings Sanitary work etc), are these expenditures allowed.
Please Guide me
Thanks

How to write self declaration of termination / transfer within one year of articleship?

Dear Experts,

Refer : GST (CT) Notification no : 49 dt 09.10.2019

3. In the said rules, in rule 36, after sub-rule (3), the following sub-rule shall be inserted, namely:-
“(4) Input tax credit to be availed by a registered person in respect of invoices or debit notes, the details of which have not been uploaded by the suppliers under sub-section (1) of section 37, shall not exceed 20 per cent. of the eligible credit available in respect of invoices or debit notes the details of which have been uploaded by the suppliers under sub-section (1) of section 37.”.

Kindly explain with suitable example above said point.

Kind Regards

V.Ragavan

Hi!

We issued some GST invoices 2-3 months back, however, no goods have been moved against said invoices.

Now the company wants us to issue fresh invoices to release the payment.

What is the right course of action?

As per Circular No. 18/2017 Payment made to “local authority” is exempt for deducting of TDS. They are not required to apply for exemption certificate. So while filing returns if the interest paid to “local authority” is more than Rs 40000/- & if TDS not deducted by bank then what Reason for Non-deduction/ to be mentioned to avoid TDS demand

Dear Sir / Madam,
I have following queries regarding HUF formation.

Background: my family consists of my father, mother, myself and my wife. My father is incapable to sign any documents and he is suffering from dementia and Parkinson's.

Questions

1. Can my mother open HUF account in her name. ( As my father is in incapacitated die to illness)
2. Can she become karta of HUF
3. Can I contribute to capital of this proposed HUF
4. Can HUF buy property from these funds.
5. Is there any tax implications of my mother and me contribute to capital of HUF

Thanking you in advance.
Regards

Good morning sir,
we are processing for job work in fabric washing division. And, we have purchase for solar power panel in company electricity reducing purpose. So, i need what is the rate of depreciation to solar panel. second, we are sold in old car. And, further book balance of old car Rs.677000/-, but, i have sale for rs. 605000/- okay my doubt is this transaction to we have raise for sale invoice with gst or not????

Experts,

Which provisions of Income tax act would be applicable for calculating income tax on forex trading?

I have taken it as speculative business income. The absolute figures of profit and loss of all trades are totalled to get gross receipts. And profit is 6% on gross receipts under presumptive option 44AD. All calculations were done in foreign currency and then the final figures was converted to INR at SBI bid rate as on 31st March. Is this correct?

Are there any restrictions on forex trading by FEMA or any other regulations?