Sir I have two questions
1 I paid all taxes before cancelation application I have no stock till Final return date What mentioned in final return in this case
2 I have stock before cancelation of firm Can I paid on time of final return
in first case what implications have to face
Menu
For Final Return
Replies (2)
1. If there is no stock as on cancellation date, then show nil figures and file Final return.
2. If there is stock, then mention the amount of credit availed on such stock and pay the same using credit balance if available or in cash
2. If there is stock, then mention the amount of credit availed on such stock and pay the same using credit balance if available or in cash
Yes in term of Section 29 read with rule 20, need to pay tax on closing stock of any on the day you file cancellation.
1. provide Nil stock in final return.
2. Yes you can pay tax on stock by declaring it at the time of furnishing your Final return
1. provide Nil stock in final return.
2. Yes you can pay tax on stock by declaring it at the time of furnishing your Final return
Recent Threads
- Consortium Partnership: GST and TDS query
- Luxury premium car - Lease or Loan
- Income tax act 40 A (3)
- Transmission of deceased's shares in physical form
- Shall I pay GST payment for unkonwnly cancelled in
- Error in GSTR1 filing for October 25
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
Related Threads
CAclubindia
