my son is doctor and by mistake his first name was written in ITR as Dr.Himanshu instead of Himanshu as in PAN CARD.. PAN CARD number is correct. His return for AY 2018-19 is still not processed. Should his ITR be revised or rectified to correct the first name. Will there be a problem in TAX mismatch. Your expert advise is appreciated.

Dear All,
Hope all are doing well !

My query is as under :

1. Invoice No. 1 of Rs. 112 (i.e Taxable Value Rs. 100 & GST (12%) Rs. 12) raised in Oct-18 - Return filed and liability paid.
2. After filing of GSTR1 & 3B of the above month, it came to notice that same invoice (i.e. No. 1) was revised in Nov-18 and revised invoice value is Rs.168 (i.e. Taxable Rs. 150 & GST (12%) Rs. 18).
3. GSTR-1 for the m/o Nov-18 filed (detail of above revised invoice also mentioned therein).
4. Diff of point no. 2 & 1 w.r.t Taxable Value is Rs. 50 (150-100) & GST Rs. 6 (18-12).
5. Now, at the time filing GSTR-3B for Nov-18- In the field of details of outward supplies/RCM supplies- I have shown the differential taxable amount(i.e. Rs. 50) and GST liability (i.e. Rs. 6) and paid the liability.

Pls go thru the case and do suggest me whether am i right in this approach?
If not, then pls suggest me the right way.

Thanks in advance.

Ours is a pvt limited company and was under tax audit as at 31st March 2018. For the Ay 2018-19 year ending March 18 we have filed income tax return of our company on 31st October 2018 and thereafter we have come to know that certain portion of ITC for the financial year 2017-18 remained unclaimed inadvertently in GSTR-3-B of September 2018. Now what to do? Whether any notification in connection with the said left-out ITC has been issued by the GST Department or the department will finally give us one more opportunity to claim in the Annual Return of GST due date of which 31st December 2018. I have heard that the ICAI has filed a request letter or petition in this connection.

The issue is related with Ay 2011-12 ( Year Ending March 2011 ). Actually the assessee maintained that time a saving bank account into which during the whole assessment year a sum of Rs 40 lacs was deposited in cash by the assessee.The source of cash was through cash sale. The assessee used to purchase by cheque but used to sell in cash as the assessee was basically a retailer. The case was selected for scrutiny on the basis of cash deposit. The assessee filed IT Return u/s 148 for the Ay 2011-12 u/s 44-AD. The income was computed @ 8% of Rs 40 lacs u/s 44-Ad. Nett Profit then arrived as at Rs. 3,10,914 as upon which Tax Liability arrived as at Rs 15,545 as upon which Intt arrived as at Rs 18090. The assessee paid a total sum of Rs 33,634. But the ITO passed the assessment order by adding Rs 40 lacs.

Now what is the best solution of this problem ? What to do now in such circumstances ?

Dear Experts, I have 2 doubts;

1. One of My client is Ice cream Dealer. He is purchasing freezer from company to his customer. So Can he avail Itc on Freezer which is given to his customer ? Invoice is raised to my client it self. So will it a problem if avail itc ? But he is not using freezer in his shop. If it is used for his shop then can he avail itc ?

2. The same client is planning to buy a sipup machine from other company for production of sipup. So can he avail itc for the same ? And if yes should i update in gst site ? Because now client is registered as selling icecream as a wholesaler. Here production of sipup is there, Kindly Give me your Suggestion for this

HI ALL, I want to know general that if any company's total turnover for the year is between 4 to 5 crore, what is the due date to file GST Annual return and what compliance's will be there. And also want to know the normal Audit fees charged by the GST Practitioner/Chartered Accountant.

Read more at: https://www.caclubindia.com/experts/gst-audit-due-date-and-fees-apply-2708534.asp

Hlw,

"One of my client has paid approx 25 lakhs medical expenses on behalf of his employee and booked the same as Medical Expenses. Actually while the employee were on foreign business tour, he got heart-attack and got admit in hospital their. All expenses incurred their has directly paid by Employer." So, please clarify whether the medical expenses of Rs. 25 lakhs is allowable under Income Tax Act.

dear all
what is the procedure for conversion of private ltd to limited liability partnership (LLP).
thanks .

A person purchased agricultural land in June 2017 for 10 lakhs and sold immediately to a company for 80 lakhs in October 2017. He calculated capital gains and the same exempted as capital gains on agricultural land was exempt. was it really exempt ??. My query is there is no agricultural activity produced that person how can he claim exemption.

There is a Case in which there is a service provider (holding GST No.) whose services are subject to reverse charge say S1. The business also provide services which are not subject to reverse charge-say S2.
Query- Whether the service provider will get input tax credit on goods and services -which are received in providing the outward supply S1 and S2 both? or will it get input tax credit w.r.t only those services which are not subject to reverse charge i.e S2