Dear Experts,

01. A company is getting the raw materials from their GST registered suppliers.

02.This company deducted the TDS u/s 194Q.

03. After the certain period, this company has raised the debit note due to some quality issues and returned back the entire lot of materials to the supplier.

04. The query is:

Whether this company needs to reverse the TDS accounting entries.(The TDS return not filed before this debit note date).

pl clarify

Dear Sir,

We are a registered Manufacturer under GST having principle place of business as Mumbai (Registered Office) and Additional Place of Business (Factory) at Satara. All our books of accounts are at Mumbai registered office. Under VAT regime we were assigned a VAT officer and the office was at Mazgaon Mumbai. It was very convinient for us. After GST implementation GST office on their own assigned a GST officer who located at Satara, near our additional place of business.

We request you to let us know following

a) The basis of assigning a GST officer is based on Location of Factory or Registered office?
b) Since all our books of accounts and records are at Mumbai Office, can GST office assigned us a GST officer at their Mumbai Mazgaon office, on our request?
c) If yes, then what is the procedure?

Best Regards

Manish

A father and son bought a house property in Mumbai together in 2007. Now Son wants to gift his portion of ownership to Father. Whether capital gains will apply in this case?

After the gift Father wants to sell the property. Assuming that Son has gifted his ownership to his Father in 2023 and Father has sold the property in 2023 itself. Whether a portion of the sold property (i.e gifted by his Son) the Capital Gains would be short term capital gains or long term capital gains, and another portion of sold property owned by Father would be Long term Capital Gains. This may be clarified

The third query is since Son has transferred his part of ownership by gift in 2023, whether Cost Inflation Index would be reckoned from 2007 or 2023 in respect of the gifted ownership property

Dear Sir,
One of my friend did not file a single return (Business type: Collection Agency-Bank financing recovery agency) since registration (19.7.2017) and the Profile showing "Cancelled suo-moto". He needed to file nill return only.

Now can he file all the pending returns paying late fine or what best he can do as his business is running smoothly.

regards
Iswar baruah

Dear Sir/Mam

Kindly favour for calculation of interest rate of Non payment of MSME supplier.
What is the interest rate and from which date it is calculated.

Thanks & Regards

Dear Experts,

01. A company is availing the catering services from the GST registered person.

02. In their tax invoice, they are not charging the GST components.

03. Do they need to separately shown the GST Components, in their invoice?

pl clarify.

Dear Experts,

01. A company is receiving the materials from its GST registered suppliers, through GST registered GTA.

02. GTA mentioned in their consignment note as " GST Applicable as per RCM Basis".

03. In this case, Is it consigner's responsibility or consignee's responsibility to discharge this gst payment. since consigner as well as consignee are gst registered persons.

Pl clarify

7-12 required in english format

ROE 15% dividend paid 30%
Calculate the growth rate ?

Can anyone solve this ??

I had deposited the TDS online in Challan No 281 but I had mentioned the FINACIAL YEAR wrongly. This mistake I have already corrected on website of TRACES under OLTAS Challan Correction. Is it necessary for me to go to the AO now as the mistake has already been corrected on TRACES.