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Jdeep
I have a GST registered consultancy firm, offering professional Management services for which I raise a GST tax invoice (SAC: 998311). However, when I offer consuting services on site in India or abroad, I incur expenses on Air travel/Hotel stay/Food, Local transport/ Out of pocket expns,. for which I use my credit card, but take the invoice on the customer's name, so that teh customer can avail ITC (input tax credit)
What kind of invoice should I raise for such expense reimbursement. Please note that I have paid with my credit card, but the invoice taken on the my customer's firm name & GST number. A CA suggested me BILL OF SUPPLY invoice or simply raising a DEBIT NOTE. Please advise.
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We would need to assess your current practice of raising invoices. Kindly connect with us at deepakkucheria@gmail.com or +91-9911744028 for the consultation.
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Vishwas Bhari
Can I use the money from home loan top-up from my current residential property to buy a commercial retail space. Also, can I show the interest paid for the top up loan as business expense against the rental income generated by the commercial property?
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Swapnankit
I have received a demand intimation for ITR3 AY 21-22. My CA says that the demands are being raised due to some clause 16(d) and some issues with Departmental computer system. Will this issue be resolved by ITD?? Are there any other cases like this??
Dear Swapnankit,
Your query is not clear, pls specify the clearly the reason for demand. However pls note the issue will not resolve automatically, either you have to pay the demand or have to raise rectification required.
For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377.
These days the dep[artment is sending queries regarding the reporting of Point 16(d) of Form 3CD where any other item of income is to be reported other than Business Income. Reply to the intimation to remove the demand.
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Swapnankit
I have received a demand intimation for ITR3 AY 21-22. My CA says that the demands are being raised due to some clause 16(d) and some issues with Departmental computer system. Will this issue be resolved by ITD?? Are there any other cases like this??
Can you share the copy of intimation letter ? For further consultation you can approach us on cadaminiagarwal.29@gmail.com or 8707297344
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Swapnankit
I have received a demand intimation for ITR3 AY 21-22. My CA says that the demands are being raised due to some clause 16(d) and some issues with Departmental computer system. Will this issue be resolved by ITD?? Are there any other cases like this??
