Hi Friends,
The Input tax credit against any tax invoice pertaining to FY 17-18 can be claimed up to the last date of filing GSTR -3B of September month of FY 18-19 or annual return of FY 17 -18 whichever is earlier.
In my September Month return I have claimed Excess or If the amount is wrongly incorporated. can i rectify it in Subsequent months return?

I am a manufacturer and have been issuing HSN Code invoices till date. However for a recent Job work contract I have to issue a service invoice, Can I do so? If Yes, Can I include both HSN as well as SAC Code in a single Invoice for providing goods as well as services?

Hai,

My friend is an engineering student earning salary and he sent some 40000/- per month to his fathers saving account.
Whether his father has to pay Income Tax on the receipt of 40000/- per month from Son.
What are the papers that need to be filed to Department to confirm that payment is received from son and Employer has already deducted Tax from his salary.

Thanks In Advance

Dear Expert,

is there any case law in relation example mentioned below : -
Example : -
Assessment of ABC company was completed for A Y 2015-16 in which addition was mate u/s. 14A or other issue , which was deleted by ITAT and against which department has not filled appeal till date.

and now assessment for A Y 2016-17 is under going and same issue was raised by Ld. AO, However we have argued that same issue was raised in A Y 2015-16 and deleted by ITAT but AO is not considering the same and asking for addition . .

My question is that why to follow the same procedure if same issue is closed once hence i am asking that is there any case law in favor of this position so that procedural aspect will reduce our tax and compliance burden. .

Thank You in advance

A assessee is paying Rs. 80,000 via fuel card(He will recharge the fuel card and give it to transporter) and balance Rs. 20,000 via cheque to a GTA for Transportation via Road.
Q1: RCM will apply on Rs. 20,000 in GST but what will be the GST implication and accounting treatment of Rs. 80,000?
Q2: If the assessee gets cash back of Rs. 200 on the fuel recharge whether the same will be treated as an income of the assessee?Else whether the cashback should be reduced from the feight expenses.
Q3: In case to be reduced from Freight, GST will be paid on the full payment in respect of the GTA without deducting the cash back?

Hi Sir/Madam,
I am getting registration in GST. I have my place of business in rented premises. as a proof of place of business i have to upload Rent receipt with NOC.
I want to know the validity of NOC. Whether I should make it on a STAMP PAPER or on letter head.
Please guide.


Thank you

Dear All,

I have a question relating to closing stock valuation as on 31st March.
Suppose I have 1,000 units of closing as per records of books of accounts, but i in physical verification we get to only 990 is lying in the stock.
there is a difference of 10 units as on 31st march.
Question : what is the treatment for 10 units in the books of accounts as on 31st March...Please help me out...

DEPARTMENT HAS NOT GIVEN DEDUCTION U/S 80TTA AND CREATED A DEMAND. I HAVE FILED RECTIFICATION REQUEST U/S 154 ON PORTAL SELECTING THE OPTION REPROCESS THE RETURN. NOW IN RESPONSE OF DEMAND WHICH OPTION SHOULD I CHOOSE IS IT A RECTIFICATION FILED WITH A.O ?????

I FORGOT TO TAKE HP INCOME ON WHICH TDS IS DEDUCTED. HENCE DEMAND RAISED BY DEPARTMENT. NOW I HAD PAID DEMAND WIYHOUT CONSIDERING TDS AMOUNT AND WITHOUT REVISING RETURN .IALSO CONFIRMED THE DEMAND. WHAT SHOULD I DO NOW??????

Dear Sir,
We had purchased plant and machinery for our factory on 01/04/2015. At that time ,we had applied for govt. subsidy.

Now In 28/11/2018 we had received govt. government subsidy of Rs 15 lakhs.
What will be the accounting treatment for subsidy of Rs 15lakhs in books of account. Whether entire amount of Rs 15 lakhs is taxable.