Dear Sir
We have received intimation for E invoice, in the intimation stating that 2017-18 shall issue e invoice tax payer with
aggregate turnover of Rs. 5 crores wef 01.8.23 on all B2B transaction. for the year 2023-24 whose turnover is exceeding 05 crores have to issue e invoice. so we little bit confusion but our turn over is not exceeding 05 crores hence please clarify the same.
Yours faithfully
Thanking you
Srinivasa Joshi

We are registered GTA. We are also providing vehicles on hire to other Goods Transport Agency and our proprietor has rented out commercial place also. My query is whether we are required to issue e-invoice. If not under which notification we are exempted? Please Clarify.

Thanks & Regards,

Shalini R N

One of my friend already had GST Registration. now he wants to starts new business in same state, but Different Location (Address). Whether he can add his business as additional place of business and he can file a single monthly return for both the business or is there any other alternatives.

Respected Experts,
I have a confusion about ITC on CAPITAL GOODS. One of my client (newly registered under GST) purchased of New CNC machine. They make only taxable supplies & Services (like Job work) with chargeable 12% GST.
I will take that full ITC in the same month. But, Having confusion with this

In this scenario can we claim fully ITC of that purchased capital goods...?
or Here we calculate and take ITC proportionately...?

Please clarify my confusion with suitable details.

Shall you please clarify on below on ways to avoid i-tax for this fin year, as extended HELP.

Q1. U/s 87A, will a non-salaried person (no income other than Capital gain) < 60 age, can get exemption of Rs.25000 (having leass than 7 lac income) against capital gains.
Similarly, Can the same person get 50000 std.deduction?

Q2. STCG =X LTCG= Y, At the time of efiling, Can I adjust i.e. deduct the basic nil tax limit of 3 lac against STCG, rather than LTCG?

Q3. TO avoid tax, what shall I do till 30.3.24.
Any other way other than selling shares for loss, and re-buy to neutralize for tax limit.

Q4 While I am a second member of the trading a/c, and wife as 1st Holder. , to bring in nill tax , Can we share the capital gains STCG or & LTCG? I shall file in old regim, she will in new regim. Subsequent years, we shall not share these gains?

Q5. Can any one (salary & OR profession) filed in NEW regim earlier , now shall it be filed in OLD regim and vice versa.

Hi Sir,

I have a housing loan and loan sanction date is 30-April-2016.

My Query is can I claim Interest and Principal payment which I paid in the FY 2023-24 for under Section 24 and Section 80C ?

Thanks in Advance

Hi Sir/mam.

Please clarify on surrender of shares
If debentures of 1 lakh and debentures interest of 20k are existing in balance sheet
And total claim of debentures reduced to 50k,
how would i know which part is reduced to which extent.

Sir, for the Asstt.Year 2011-2012, one of the advance tax payment was not given credit while processing the ROI under 143(1), hence, there was a demand to that extent. We have raised the Grievance to the extent and in the resolution we are informed that “ you are requested to file the rectification application along with supporting documents for taking necessary action” is what the massage received. When we check the same in the income tax portal, no such enabling option is made, so, now what to do ? or do we have to make an application in manual to the Jurisdictional Officer or how to proceed sir.

in feb gst1, i wrote 100000 instead of 10000 as net sales in gst 1 so corresponding tax @5% 5000 instead of 500.
i know i have to amend gst1 of march gst 1 month, but , my q is

in feb 3b due now before 20th march 2024, sales comes prefilled. but here in 3b, do i write manually corrected 10k net sales and press confirm?

my view--> yes i have to write corrected figure in feb 3b.

Stamp duty paid on delivery of import goods comes under which head direct or indirect ?