Abc Company purchased goods from Supplier A & Payment made by Credit Card.
Than will be entry
Dr. Purchase A/c
Cr. Credit Card

But My Question is Credit card which under group

My Client purchased a property for 75 lacs and deducted T.D.S. on property @1% 75000/- from the seller and deposited the same th. FORM 26QB. on 24/09/2023
SELLER became SUPER SENIOR CITIZEN on 01/01/2023.
I.T.O. T.D.S. passed an order on Form 26 QB and determined the T.D.S. liability @20% in place of 1% and passed the order to pay the balance amount along with Interest.
A correction statement was filed and on receiving the quarry letter from A.O. T.D.S. all the required documents were submitted.
Meanwhile, it came to my knowledge that the PAN of the seller became Inoperative as the Aadhar is not linked with the PAN. I fulfilled the requirements of linking Aadhar with PAN and the PAN became operative in Feb’2024. I further submitted an affidavit along with operative PAN and Aadhar to A.O. T.D.S. He accepted my correction statement and passed the order on the correction statement. On receiving the order, it was found that the tax was determined @20% along with Interest.
On enquiring it was answered to me that the A.O. is unable to accept my contention of T.D.S. @1% in view of Notification No. 15/2023 dt. 28.03.2023.
So, I request you to kindly suggest and guide me the suitable remedy in this matter and oblige.
Yours faithfully
(PARVEEN KUMAR WADHWA)
ADVOCATE

What is the last date of payment of taxes for quarter March 2024? My due date for filing of return under quarterly returns is 24/3/2024? Please clarify?

A company that has received a legal notice to pay money by from their creditor. the creditor claim is recognised as trade payable. The company wants to write off the debt to save liability. what process as auditor i should follow and is any declaration is required from company?

Dear Experts,

My client got registered in GST in Apr-23 and not filed any return (GSTR1 or GSTR3B) till date. He only purchased some goods in 3 or 4 months and no sale in any month. Please confirm

1. What will be the penalty for non filing of Returns?
2. Now if he filed his pending returns, then the Returns will be treated as Nil Returns? (No Sale, only Purchase).
3. Is there any way to save the Penalty?

Thanks in Advance!

Hai esteemed members

Have a issue regarding GSTR-1 filing for March 24 and would be grateful if you can guide me on how to resolve this

The facts are
- Client is under e-invoicing
- Every month data is auto-populated into GSTR-1 table
- We add up HSN details and Documents issued columns and file it

However,

- In March, 24 the accountant of the Company accidentally uploaded invoices data into GSTR-1
thereby the "Source ", "IRN" and "IRN date" and all AUTO POPULATED details as it used to display earlier went off

In this connection

- can I use "reset " button
(a) so that I get back the data from e-invoicing portal to GSTR-1 or
(b) to restore it to earlier state before this accidental uploading

or Is there anyway to enter invoices with IRN NO and ACK now if none is possible

how I should go about solving this so that client is not suffered

Regards
CA Jayaram

Hi Expert

If GSTR-3B is not filed since Jan 23 to Nov 23 and GSTR-1 is not filed from Feb 23 to Nov 23. Department has issued Order GST Reg-19 on dated 18 Dec 23 stating that "It may be noted that a registered person furnishing return under sub-section (1) of section 39 of the CGST Act, 2017 is
required to furnish a final return in FORM GSTR-10 within three months of the date of this order".
This time has also been elapsed so please let me know whether we should apply for new registration or the existing GST registration number can be active again. And there is no demand order raised by department so far on the portal.

My NCLT petition was marked defective due to wrong case type, I tried to correct the case type by going through refiling section and editing the originally filed petition. However after selecting the case type "restoration application", a main case type section pops up which I am required to fill the case number. Though I have no idea what case number is to be filled there. Can anybody help?

Sir,
A registered composite scheme dealer sales of transaction two types
Outward supply to intra -state some transactions
Outward supply to inter-state some transactions
Question:
Assessess violation of inter-state sales transaction tax applicable only or both sales transaction tax applicable

Mr.x died in an accident. His legal heirs are his mother, his wife, his two major children. He has two shops and a house in tamilnadu. His mother wants to release her share in the above property to his daughter in law. Is it possible? If it so what is the tax liability to his mother and his wife for the transter between his mother and his wife's hands?