Hi All
My company is located in Maharashtra (registered place for GST). I do centralised billing from Maharashtra. I have branches at Banglore and Delhi where I have taken office on rent where vendor is charging me CGST and SGST as POS is Banglore and Delhi respectively. Can Vendor give me bill charging IGST? Can I avail credit of IGST if charged by vendor?

Thanks in advance.

What is Time Limit to Revise Tax Audit?

URGENT!!!!
I have 4 clients who together have invested in a Real estate colony (Converted a large agricultural land to residential plots) , but the title deeds are in the names of 4 third parties. My clients want to control the sale process and receive payments directly.

Plan: Create a partnership firm (owned by clients) and take registered Power of attorneys from the land owners. The firm will act as an agent, sell the land, collect proceeds in its own bank account, deduct its commission, and remit the balance to the third parties at year-end.
Capital gains tax will be deposited in the names of the third-party title holders only.

Example: If a plot is sold for ₹100, the firm collects the full ₹100, deducts ₹10 as commission, and remits ₹90 to the land owner. This is repeated for all plots, and settlements are done annually i.e Rs 90 will be remitted back in third party's bank account.
The goal here is not tax evasion but just to take the token amounts and sale proceeds in client's account so that they are not dependent on third parties to collect the money.

Is this structure valid from Income Tax and compliance perspective? Any risk of the firm being taxed on the gross receipts?

Dear Experts,

We request you to provide the opinion on the eligibility of ITC on QIP (Qualified Institutional Placement) Expenses

Thanks
Naresh

Unlisted share purchased but after some time it got listed ,
What will be the holding period of computation of capital gain
Means Short Term capital Gain and Long Term capital gain

In Financial year 2024-2025 as per broker book sale of securities (shares) value is Rs.5,00,000/- and buy of securities (shares) value is Rs.4,50,000/- in short term PNL report, but AIS Report from IT shows Sell Value is 3,60,000/- and Buy Value is Rs.1,05,000/- so, what I will do further. How can I fill IT Return

We received Notice u/s. 92CA(2) of the Income Tax Act, 1961 – Computation of Arm's Length Price-
Assessment Year 2023-24 on 07/04/2025.

My question is, wheather this notice is considered as time barred notice or not. Because it is issued after compltion of 2 years from the end of relevent financial year i.e FY 2022-23

I think Due date for issuance of this notice is 31/03/2025. Am I correct ?

EBRC Generation from DGFT site
It will ask for FOB Value+Freight+Insurance = Total Value

I had made ebrc from DGFT site and Make it with Total Value (Freight and Insurance Value not shown), It has been already 120 days done. it can not be cancelled. so, Any problem create for any claim or ok of that ebrc.

If we take ISD Registration. then ISD can accept that invoices which attract RCM Liability????

I had deposited excess TDS on Rent. Subsequently I had filed refund request. Now dept has asked me to submit Indemnity Bond. Can someone provide me the format in pdf format.