Entire purchases of one of my client is from unregistered dealers and entire sales to registered dealers. How to show the purchases in GSTR ? Whether RCM is mandatory in this case ?
Namaskar Sir/Madam My brother is an OCI card holder with a PAN He has does not have an aadhar card and has not filed returns in India for the last 30 years. His PAN is active but in inoperative state Since he cannot get an Aadhar since he is not going to spend 180 days in India, how can he make his PAN operative He wants to sell his house and wants to pay the applicable Capital Gains Tax @12.5 Can you kindly advice pls ? Thanks
In ITR-U, you must repay refund already received along with additional tax and 25% extra tax under Section 140B. The utility is not validating because you are calculating only incremental tax. Updated return replaces the original return entirely, so refund received must be added back while computing tax payable.
TDS deducted by builder can be claimed only after the financial year ends by filing your income tax return. Refund depends on whether hardship compensation and corpus are taxable in your case. If your final tax liability is lower than TDS deducted, the excess will be refunded.
For reversal of ITC of FY 2022-23 due to supplier non-payment, use DRC-03 and select “Voluntary payment before issuance of SCN” under Section 73 (unless fraud alleged). Pay tax and interest in cash to the extent ITC was utilized. Avoid selecting mismatch option. Proper filing protects against penalty escalation.
GST law permits registration at premises taken on consent basis, even if the owner is a cousin brother. Proper consent letter and ownership proof are sufficient. Relationship between proprietor and property owner is legally irrelevant.
In change-in-rate cases, GST is determined based on time of supply. Since advance and supply both occurred before the rate reduction, GST @ 28% is legally applicable even if invoice is issued now. The buyer’s demand for lower rate is not legally sustainable.
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