i want to know whether autitor is reuired to keep book of account of client in his own records

Our firm is doing works contract with govt departments. As the first invoice was in February 2018, gst returns were not filed from july 2017 till Feb 2018. In the meantime gst registration is shown as cancelled in gst site. How to restore the cancelled gst registration?

Let me know is reverse charge mechanism is applicable from April 2018? & also on which type of services & expenses RCM is applicable .

Scenario:
Company A (India) Ltd. is held by Company A (US) Ltd.
Company B (India) Ltd. is held by Company B (US) Ltd.
Both Company A (US) Ltd. and Company B (US) Ltd. are under the same management.
Company A (India) Ltd. is bigger in size and operations as compared to Company B (India) Ltd.
Management wants to merge both Indian companies in due course, and hence exploring various options considering Indian compliance / approval requirements. As a part of this, they are expecting minimum complication / compliance / approval requirements, as well as easy funds transfer to close the deal with US counterparts.
Options considered:
(1) Company A (India) Ltd. will merge with Company B (India) Ltd. As a part of this, after obtaining necessary approvals from MCA/CLB, share transfer will happen from A (US) to B (India) at a pre-defined consideration. This is expected to happen based on valuation of the entity, which will involve a very long and cumbersome process of going through required approvals etc.
(2) Company A (India) Ltd. will merge with Company B (India) Ltd. but not by taking above route, but some different route as follows:
a. B (India) will raise money by issuance of NCDs to B (US)
b. B (India) will utilise that money to buy shares of A (India) from A (US) at fair valuation of shares.
c. Thus, B (India) will become shareholder of majority of shares of A (India).
d. Once this is done, B (India) and A (India) merger process can be started in due course.
e. Once both the companies are merged, surplus money of A (India) will eventually become money of the merged company B (India), and that money can be utilised to repay the amount to square off NCDs.
This process will comparatively be less cumbersome with minimum approvals, and thus, will become faster process.

Questions:
(a) Whether both the options above are in line with Indian regulations?
(b) The management prefers to adopt option 2. Do you think that they are right in determining that this option will be faster at the same time complying with all statutory requirements?
(c) Do you have any better options that can be considered to meet the objective of the management?

Dear Experts
while filing 3B for the month feb18, i missed out one sales invoice. various post are saying that add your missing details in upcoming 3B that is for now April 18 as i have already filed both Feb n march. can i add feb sales in april 3b and pay off the liability ? what will be the position at tym of GSTR 3 as it will again ask me to pay tax for the month of Feb ? should i wait for GSTR 3 ? Plz guide

I already file GSTR-3B for the month march 18. But now I see that there is 1 purchase bill pending to claim ITC. bill date is Jan 18. Now my question is Can I claim ITC now on April 18 GSTR-3B

sir, i make mistake in 3b i forget to uplod one bill in 3b but i uplod that bill in gstr-1 because of mismach i get notic what can i do plz give proper suggetion

Dear sir/madam, I am a registerd dealer in gst and if my annual income is above 20 lakh from my bussines then can i charge gst on my tenant for a commercial property but the new tenant is unregistered and he is refuseing to pay gst what is the solution for both of us ? Please suggest me

If a loan is taken by the director and is repaid to the copmany within that year , will the loan amount paid will be considered as deemed Dividend?

Dear Sir,

We are using 200 Ltr PH capacity of RO Water Purifying System for Our Office use. What is the depreciation rate 15% or 80% or else pls guide me......

Thanking You
Vijayakumar V