Dear Sir
We are GTA service provider. Our Sales is Exempted in GST. We have No output Invoice.
Lack of Knowledge of GST act, we take ITC ( FY 17-18) Rs 5228/-as IGST, & 57476/- each (SGST& CGST each) from our difference service bill (Like Repairing and Maintenance invoice, Telephone Expenses, Rent expenses.).
We cannot set off or adjusted these ITC from our Output Invoice. Because we have no GST bill.
Naturally Unutilized ITC is lying in our Electronic Credit Ledger.
When we prepare GSTR9 the system show Rs 5228/-as IGST, & 57476/- each (SGST& CGST each) in column no 6A
Now the Question is
1.what is the treatment of above scenario, when we fill up GSTR9?
2. in which column we put ITC and revised ITC?.
3. Should we pay tax as we revised ITC ( NB we have no Out put Invoice)

Dear Experts,
The sale consideration received on sale of Land was less than the circle rate(Value determined U/s 50C) because the Land has got some disadvantages. When can we give contest to the Valuation officer for determining the fair market value of the land ?
i.e After filing the return or before filing the return!!!

Thanking you in advance:)

As per related party disclosure we have to disclose the transaction value. I have a question that the amount of transaction value would be inclusive of GST amount or exclusive of GST.
For Example if transaction between related party for sale is Rs 100000.00 plus gst Rs 18000.00 should we disclose Rs 100000.00 or Rs 118000.00 as transaction value.

CAN WE CHARGE GST ON SERVICES PROVIDED TO ENTITY THAT PROVIDE EXCLUSIVELY EXEMPT SERVICES (LIKE EDUCATION SERVICES)?

Is amount received under Raythu Bandu is Taxable? if So whether it is to treated as Agriculture Income or Income from Other source, If Not is their any notification exempting the same or any section referring the exemption.

What are the tax implications of the amount received on closure of Atal Pension Scheme (APS) before the age of 60?

Hi expert,
It is a request with respectful regarding audit case. I want to know that we had audited individual return for the financial year 2017 to 2018 because our turnover exceed so we had filed income tax return in audit by CA. And paid the minimum tax under audit. It was first year of audit. There was turnover 98 lakh rupees in the financial year 2017-2018. But there is turnover 28 Lakh rupees in the financial year 2018-2019. May I file and pay the income tax on 44AD, 8%.

Best regards,
Mohd Nasruddin

we are paying loading ,unloading charges to person on monthly basis as per
per bag Rs. 4/- this person is "Hamal" ( casual labour )

Can deduction of TDS on loading ,unloading charges is essential

Dear Tax and Audit Experts,
we are rendering "Information Technology Consultancy and Software Services" to our onsite clients. Some times we are deputing our staff to the clients site in overseas. Sometimes we are doing service for upcountry clients from our office in India. Have we to get IEC from DGFT for providing such a service. Please clarify We are preparing only Commercial Invoices with 0% GST. We are not preparing Shipping Bill as
"any data copied in electronic devises or printed in papers/ books related to our service"
is not passing any sea port or air port. Kindly provide statutory requirements.

With Thanks & Regards,
Ramaswamy.T


Read more at: https://www.caclubindia.com/experts/gst-return-requirments-for-export-of-service-2751959.asp

Dear sir/madam
i am in teaching profession. i am receiving contract base salary 20000 per month and tds is deducted under secion 194j. i would like show my entire gross receipts (240000) as Profit under section 44AD can i show income like this in ITR 4 since i am not exceeding basic exemption limit.
please help me sir
thanking you