Displaying all posts within 1 days
Posted On : 18 November 2025
Input credit for wrongly typed invoice number.GSTR 1 with Right number uploaded.
Is input credit is denied to vendor in case of correct GST 1 UPLOADED RETURNS with correct invoice number and wrongly typed invoice issued to vendor for the sales by the party ?GST invoice number is correctly uploaded but client issued wrongly typed to vendor.
Vendor said that due to mismatch in invoice number they did not get input credit.
Posted On : 18 November 2025
In Reply To :
Is overtime part of salary and wages
Yes both are under Salary and Wages
Posted On : 18 November 2025
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School accounts
Thats purely based on School SOP's, anyway its an expenses and how school is treated this expenses may be direct or indirect, both is OK.
Posted On : 18 November 2025
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Freight charges in Sales Invoice
We can add the freight charges in the Invoice but the GST % may vary, if you charge 18% in the invoice your customer is eligible to take ITC, if you charge 5% its inelgible to customer to avail ITC and they have to pay GST in RCM and avail the credit.Fom your end raise the invoice both product or material along with freight in the same invoice with different GST %
Posted On : 18 November 2025
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EMPLOYER PAID EMPLOYEES CONTRIBUTION OF EPF & TREATED THEM AS STAFF WELFARE
No this method is not correct, Only Employer contribution is eligible for Expenses deductions and Employee contribution paid by the Employer in hands of company means, its liable to deduct the Employee part in thier salary.
Posted On : 18 November 2025
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DTSV 2024
Yes, Form No. 2 under the Direct Tax Vivad Se Vishwas Scheme (DTVSV), 2024, was issued but neither received by email nor communicated by the Income Tax Department, and the payment window has expired because you were unaware of the demand, you may seek relief through condonation of delay. The DTVSV rules and general principles of tax administration provide for condonation in cases where the delay is attributable to genuine reasons or lack of proper communication from the department. Good Luck..
Posted On : 18 November 2025
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Need Converson process of CA Propreiotary firm to CA Partnership Firm
GST & Other Registration ClosuresApply for New GSTIN
Register for a new GSTIN in the name of the partnership firm.
Transfer Assets and Tax Credits
File returns/transfer pending ITC to the new firm (GSTR forms for ITC transfer).
Cancel Proprietorship GST
Log in to the GST portal using the proprietor credentials.
Select ‘Cancellation of Registration’ and fill Form GST REG-16, citing business structure change as the reason.
Attach supporting documents (conversion deed, PAN, closure declarations).
File final GST return (GSTR-10) within 3 months of cancellation application.
Settle all pending dues and taxes.
Posted On : 18 November 2025
In Reply To :
Need Converson process of CA Propreiotary firm to CA Partnership Firm
Apply on ICAI SSP PortalLog into the SSP Portal using your proprietor credentials.
Initiate the "Conversion/Change in Constitution" process within the ‘Firm Module’ of SSP.
Select ‘Proprietorship to Partnership’.
Upload the following required documents:
Registered partnership deed (signed by all partners)
Proof of registered address
PAN of new partnership firm
Resolution for conversion (if needed)
Declaration/undertaking about conversion.
Fill out partner details (including membership numbers), date of conversion, and transfer details.
Submit the application. The newly inducted partner(s) must verify/approve via their ICAI portal accounts.
Await ICAI Approval
ICAI will process your application; after verification, it will update your CA firm status from proprietorship to partnership in its records.
Posted On : 18 November 2025
In Reply To :
Need Converson process of CA Propreiotary firm to CA Partnership Firm
Finalize Partnership Structure and DeedConfirm the terms with your new partner(s); ensure the partnership deed is drafted with all relevant business continuity, transfer, and induction details.
The deed should reference past proprietorship operations and state the conversion along with assets and liabilities transfer.
Register the Partnership Deed
Get the partnership deed notarized and, if required, registered with the local Registrar of Firms.
Obtain a new PAN in the name of the partnership firm.
Posted On : 18 November 2025
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E INVOICE NOT ENABLE MY TURNOVER ABOVE 10 CR
- Start issuing e-invoices immediately to avoid penalties under Section 122 of CGST Act.- Backdated e-invoices are not allowed—ensure real-time generation.
- Update accounting software to integrate with IRP (Invoice Registration Portal).
Posted On : 18 November 2025
In Reply To :
E INVOICE NOT ENABLE MY TURNOVER ABOVE 10 CR
Yes, the party must enroll for e-invoicing immediately and should enter the latest financial year (FY 2024–25) as the maximum turnover year on the e-invoice portal.Since FY 2024–25 is the latest and highest, enter that year’s turnover (e.g., ₹12.5 crore if that’s the actual).
This is only for record purposes and does not affect applicability, which is already triggered.
Posted On : 18 November 2025
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GST payable under RCM
You are welcome.
Posted On : 18 November 2025
In Reply To :
GST payable under RCM
THANK YOU VERY MUCH SIR
Posted On : 18 November 2025
DTSV 2024
Form No 1 for AY 2014-15 was filed on 28.12.24 under The Direct Tax Vivad Se Vishwas Scheme, 2024Subsequently Form No 2 - Certificate was issued by PCIT Mumbai - 42 dtd 01.10.25 asking us to pay sum within
15 days.
However this Form 2 was not received by email or no message was sent by income tax department.
Form No 2 is available only when we login income tax portal.
Now since no communication was received assessee has not paid the sum as per Form 2 and now the income tax officer is saying declaration in Form 1 is void since you have not paid the dues and you cannot avail benefits of DTSV scheme
In above case what can be done ? can we apply for condonation of delay or any other step please guide
Posted On : 18 November 2025
In Reply To :
Tax liability on gift amount given to blood relation
Thanks sir for your valuable advise and guidance.- Transport service POS
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Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Industry Expert16 November 2025
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