A
Aman
To sell pooja samagri(like rudrakash, tulsi mala etc) hsn number needed and on seeing on official website "any chapter" is mentioned under hsn number heading,please provide hsn number for same.
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Dear Sir,
In reference to your query, the said items are not subject to tax, and therefore no HSN need to be quoted. The same need to be sold under Bill of Supply and not tax invoice.
Please advise in case of any other clarification.
Thanks & Regards,
CA Aditya Dhanuka.
A
Anuj
I made a deposit in my NPS account on 31st March 2021 01:30 AM via my Bank which is my POP-SP and the transaction was also processed early morning on 31st March and i got the NCIS Acknowledgment with date mentioned as 31st march but the amount did not reflected to my NPS Account on 31st march and the amount reflected in my NPS Account on 5th April and the Transaction date in my NPS Account is showing as 5th April 2021.
So can i take tax benefit for fy 20-21 for my NPS Contribution or will this investment be considered for fy 21-22 ?
M
Madhur Kapila
How to avoid salary TDS, if your annual package is below from 3 lac
Employer will not deduct TDS on it. If he is deducting TDS over it then you can ask him not to deduct as no need of as per Income Tax Act. you can advice him to refer tax provision OR can have expert legal opinion over
There is no need of deduction of TDS if gross salary is Rs.3 lacs p.a.
CA Naman Maloo 20 Jun 2021There is no TDS for salary below 5 lakh.
T&C applyA
Akash
Im a student. My brother works in USA. He had sent ₹ 7 Lakhs in my bank account during 1 year. Will I be liable for taxation according to Indian Law.
In case this has been sent for family maintenance in India, this will not be taxable in your hand.
CA Madhur Gupta 19 Jun 2021no tax impact
CA Rahul Dwivedi 21 Jun 2021Not taxable
T&C applyV
Vinitha
My doubt is that we was generated a service invoice to a client abroad , we already took LUT. So issue invoice with 0% igst. The client remit payment through a payment app. But they payment was hit to bank in INR. We already file gstr 1 return as export services including the former invoice. But while gstr 3b we are requested to pay igst of the same invoice@18%( because the payment received in the form INR). Client is outside india so they are not agreed to pay the gst portion. So we decided to pay the gst portion on the behalf of client.
Normally the entry for service is
Account receivable a/c dr
To output igst
To service income
Payment of igst
Output gst dr
To bank
I want to know the journal entry when the igst payment in case of services to the foreign client ( who makes pyment in INR) ,& we pay the gst instead of them.
Hi,
Your entry in this case would be as:
Account receivable A/c Dr
Sales Expense A/c Dr
To output IGST.....
To service income...
Please note that in your query, you have agreed to bear the GST liability, which would be a business expenditure, hence the same can be charged to PL.
Please advise in case of any other clarification.
Thanks & Regards,
CA Aditya Dhanuka.
Have you consulted regarding this with your CA before offering GST on same?
You may book consultation online with expert for same to understand whether GST needs to be paid or not.
https://www.taxontips.com/tax-notice-personal-consultation/
