Dear Sir
one of my client is saling his finished goods to his customer,and after 9 months he was called and asked to give Rs 5/- per kg rebate and a debit note is handed over to him. now my question is how would this debit note will be treated or adjusted pls explain. it is urgent

Hi All,

Is it mandatory to mention GST number on the letterhead of the company ?

If so could you pls share the relevant section/notification

Thanks in advance

If partner purchase property in their individual name by paying advance from withdrawal out of firm and balance by mortgage of said property can firm claim interest on such loan if such property is purchased for business of firm but in the individual name of partner and firm is not a party to loan.

Dear expert, My vendor XX ltd provide the erection service of rs 1000000. As per the agreement term we are hold 10% of value as retention. some vendor charged GST on Rs 10 lakhs and someone charged GST on 9 :Lakhs only. My doubts is :
1. GST is applicable on retention value or not ?
2. The vendor Ltd charged GST either Rs 180000 ( 18% of 1000000 ) or Rs 162000 ( 18% 900000 ) which is right ?.
3. How much we should paid to the vendor either Rs 1080000 ( 900000 + GST 180000 ) or Rs 1062000 ( 900000 + GST 162000 ) ?.
4. TDS to be deducted under Sec 194C or 194J and what is the taxable value for TDS deduction either 10 lakhs or 9 Lakhs.
5.

by mistake we claim excess input in igst in month july.
till date we are not used this input.
how can we reverse it in 3b and which coloum have to fill in 3b

My one of client TDS deducted u/s 194LA for compulsory acquisition of land by government for RS 53 Lacs on which TDS deducted @10% RS 5.30 Lacs. Land is inherited property received from father in 1978 and father acquired land 50 years before. Now what will be the long term capital gain implications in this case? What will be the cost of acquisition in this case? There is no value available for calculation of cost of acquisition. Can I take exemption of long term capital gain arise in this case by investing in residential property u/s 54F or else investing in bond u/s 54EC. Please reply

Hi,
If one Pvt ltd. has Authorised and Issued capital of Rs. 5,00,000. Now one director want to issue 1% preference to other person out of his shares. Is it possible in Companies Act, 2013 as company has only one class shares and not have any unissued share capital.
what is procedure and what is best way in this scenario.

Thanks

Dear Expert, My vendor A ltd provide the C&F service to us. They have raised invoice Rs 50000+ 3600 with charged GST on taxable portion only ( 20000 * 18% = 3600) . This 50000 has been divided 2 parts that taxable portion Rs 30000 and non taxable portion Rs 20000 . My question is, TDS to be deducted either 50000 or Rs 30000 ? clarify my doubt.

I already submitted return u/s 10(23)(iiiad) in form ITR-7(Loss Return). I received Intimation order u/s 139(9), defective return. Shall I file in ITR-5. If there is any changes in ITR-7, Please suggest me.

I have registered an dealer under regular scheme on February.
The dealer under confusion thought he was composition dealer and issued invoices without charging GST in invoices. And made a turnover of RS 70 lakhs.
Now in April he come to file GST 3b return then he realised that he is not composition dealer.
Now how to file his return