Dear experts, I want to know about the set off of late fees. Whether late fees will be adjustable against taxes or it will be set off against late fees only..?

I am importing components for lighting and paying 28% IGST. The end product is under 12% IGST. Suppose my cost is 100.00 I add 10% profit so sale price is 110.00 I collect 12% on 110.00 is 13.20 Every month my 28-13.20=14..80 will be with government in from of excess IGST. My question is, will government give me refund or can I use this amount to pay IGST for payment against IGST to be paid for coming imports? Will government give interest on it as it is my money?

Sir
I am distributing Mutual Funds, Health Ins and Home Loans - and earning commissions for the services
Have no other business.income.
I would like to know apart from GSTR 3B (monthly) and GSTR 1,2 (once three months after October)
what are the other returns I am required to submit
Kindly guide me
Thanking you
Periasamy Rajeswaran
+91 9442235649
rajeswaranper@gmail.com

Dear All,

I am buying flat cost 20lac, my relatives are helping me for buying flat my mom ,dad, uncle ,aunt and some friends are helping me for 2lacs rupees each.
As builder says payment must be made from my account only not from any relative or friends.

Kindly help me if all money i deposited in my account, can income tax department send me notice and ask me about amount in my account?
Do i have to pay tax for this money ? Kindly help, waiting for advice.

we are dealer of machinery equipment. we have closing stock of parts as on 30.06.2017. all purchase are made on CST @2 % then we need to fill Tran 1 .

Greetings everyone,

My Query is My friend is doing Telecom Agency Business. He pays money to the Telecom company and gets talk time including the commission. He e-recharges the talk time to the customers. During the Last previous year he has made revenue of around 44 lakhs commission. His total deposits to the company and e-recharges amounts to around 25 crores.
My Question is under what section he has to file.
1. whether he comes under Tax Audit as his total total recharges exceed tax audit limit or comes under normal case as his commission is less than 2 crores.
2. Whether Commission business comes under business or profession?
3. If profession he comes under tax audit as his profit is less than 50% of the turnover?

We are trader and in previous regime not-registered in central excise and we have not duty paying documents. Should we file Tran-2 or first we have to file Tran-1 then we can file Tran-2. If, we have to file Tran-1, which head we have to fill. please advise. Rakesh Sharma

hii guys I am 23 I have given more 8 attempts of ipcc and don't want to contuine with my CA as I have got very good job of offer from middle east with huge pay right nw I have completed my one year 6 months articleship as I converted my self in to direct entry and I want to stop by articleship how can I stop my serving period please help me as soon as possible

Is it necssary to complete articlseship to obtain B.Com degree from IGNOU. Plz Reply regarding latest update concern

I hv added missing invoices in GSTR 2 & I got the message stating that your invoices will be added only after validation my supplier is telling me that he has filed GSTR1 can I filed GSTr2 without validation of those added invoices