https://www.caclubindia.com/experts/ https://www.caclubindia.com/ https://www.caclubindia.com/experts/due-date-for-filing-return-for-the-partner-in-partnership-subjected-to-tax-audit-2963579.asp Tue, 10 Nov 2026 13:22:27 GMT 829481 https://www.caclubindia.com/experts/gst-credit-note-by-supplier--2963574.asp Sat, 7 Nov 2026 17:58:38 GMT Our customer send debit note to us in october month but we issued credit note in this november month but our customer asking to issue credit note in october month .
We filed our october month gstr 1 today .
What should we do now ?]]> 4200417 https://www.caclubindia.com/experts/missed-uploading-gst-invoice-2963569.asp Sat, 7 Nov 2026 12:11:35 GMT 3316294 https://www.caclubindia.com/experts/gratuity-paid-to-legal-heir-above-20-lakh-is-taxable-or-not-2963564.asp Fri, 6 Nov 2026 21:25:36 GMT 975438 https://www.caclubindia.com/experts/movement-of-goods-by-packers-and-movers-type-of-sale-reg--2963559.asp Fri, 6 Nov 2026 15:28:02 GMT
If a Packer and mover located at Chennai moves goods from one state to another ( eg. Chennai to Bangalore ) and raises the Invoice to his customer on his Chennai Address, then will it be a Inter-state service or Intra-state service.

Kindly advice. ]]> 2124924 https://www.caclubindia.com/experts/18-rent-a-cab-2963554.asp Thu, 5 Nov 2026 20:06:21 GMT 2532238 https://www.caclubindia.com/experts/rcm-and-same-line-2963549.asp Tue, 3 Nov 2026 13:42:16 GMT
]]> 4252433 https://www.caclubindia.com/experts/tds-return-statement-status-2963544.asp Tue, 3 Nov 2026 13:07:56 GMT
We have filed our TDS Return (Form 140) for Q2 of FY 2026-27 through the New TRACES Portal on 10-10-2026.

On the same day of filing, we received an email confirmation from TRACES stating:

"Your Statement Processing Without any Default."

However, after 10 days, when we downloaded Form 131 from the TRACES Portal, the statement status was still showing "Pending Process".

The details are as follows:

Form Type: Form 140

Financial Year: 2026-27

Quarter: Q2

Date of Filing: 10-10-2026

Provisional Return Receipt Number: 420000000899500

Acknowledgement Receipt No.: AB1026315085

Email Confirmation: Statement Processing Without any Default

Kindly clarify whether this is a normal technical/status update issue on the New TRACES Portal or whether any further action is required from our side]]> 1317700 https://www.caclubindia.com/experts/arca-login--2963539.asp Tue, 3 Nov 2026 12:42:34 GMT ]]> 312074 https://www.caclubindia.com/experts/appointment-of-auditor-by-form-adt-1-2963534.asp Tue, 3 Nov 2026 10:54:49 GMT 4366721 https://www.caclubindia.com/experts/reward-for-festival--2963529.asp Mon, 2 Nov 2026 23:56:47 GMT Can this gift is supply & attract GST]]> 2532238 https://www.caclubindia.com/experts/accounting-treatment-of-civil-work-to-install-porta-cabin-for-office-use-2963524.asp Mon, 2 Nov 2026 18:41:05 GMT
Our company has procurred Porta Cabin ,this porta cabin will be used as Office for employees.

Now my question is that what will be accounting treatment of civil work done to install PORTA cabin will it capitalised or expensed out.

Kindly clarify.

Regards,
Ravi Konda]]> 3359717 https://www.caclubindia.com/experts/closer-of-business-and-itc-of-capital-goods-2963519.asp Mon, 2 Nov 2026 11:30:41 GMT In case of closer of business, what would be the treatment of capital goods ( Production machinery) and unutilised itc balance related to machinery ?
Please clarify.]]> 756163 https://www.caclubindia.com/experts/clarification-on-gst-tds-and-accounting-provisions-for-import-export-2963514.asp Sun, 1 Nov 2026 17:52:11 GMT
I run a company named ABC India Pvt. Ltd. We regularly engage in international trade (imports and exports of goods and services) with entities in Europe and Russia.

Could you please explain the applicable GST, TDS (Income Tax), RBI/EDPMS compliance rules, and Standard Accounting Entries—based on the latest circulars and provisions—using practical numerical examples for the following post-sale discount scenarios?

Scenario 1: Post-Sale Discount Received on Imports
When our company imports goods or services from a foreign supplier in Europe, and subsequently receives a post-sale discount/credit note after importation:

GST Provisions: How does a post-sale discount affect Customs Duty and IGST paid at the port of import? Is there any requirement to reverse Input Tax Credit (ITC) claimed on the Bill of Entry (BOE)? For import of services, how is RCM IGST adjusted under Section 34 of the CGST Act?

TDS Provisions: What are the Income Tax (Section 195) and Form 15CA/15CB implications when settling the reduced invoice amount?

Accounting & Compliance: What are the step-by-step journal entries for booking the import, recording the discount credit note, and making the final foreign payment?

Scenario 2: Post-Sale Discount Allowed on Exports
When our company exports goods or services to foreign buyers, and grants a post-sale discount/price reduction after container dispatch and Shipping Bill generation:

GST Provisions: How should GST Credit Notes issued under Section 34 be reported in GSTR-1 and GSTR-3B for exports under LUT (Zero-Rated) versus exports with payment of tax (refund claims)?

RBI & Banking Compliance (EDPMS/eBRC): What are the RBI/FEMA rules regarding AD Bank approval limits for export bill reductions/write-offs to successfully close EDPMS entries and receive an eBRC?

TDS & Accounting Provisions: Does granting a post-sale discount to an overseas buyer attract any TDS implications? What are the practical journal entries for recording the initial export sale, issuing the credit note, and realizing the net inward foreign remittance?]]> 1441771 https://www.caclubindia.com/experts/rectification-under-processing-even-after-6-months-cpc-portal--2963509.asp Sun, 1 Nov 2026 16:40:40 GMT 1. What are last date to release order.
2 if suppose rectification get order on which rectification is applied remains valid or not Regards ]]> 4081967 https://www.caclubindia.com/experts/clarification-on-gst-tds-and-accounting-provisions-for-import-export-commission-agents-profes-ser-2963504.asp Sun, 1 Nov 2026 15:48:40 GMT
I am running a business named ABC India Pvt. Ltd. We engage in both import and export transactions, utilizing the services of both Indian (resident) and European (non-resident) commission agents/professional service providers.

Could you please explain the applicable GST and TDS (Income Tax) provisions—along with standard Accounting Entries and Tax Payment Due Dates based on the latest notifications and circulars—using a real-time numerical example for the following scenarios?

Scenario 1: Import Transactions
When importing goods from Europe and Russia:

Indian Commission Agent / Professional: What GST (RCM vs. Forward Charge, any other tax, ITC eligibility) and TDS under the Income Tax Act (e.g., Section 194H/194J, any other section) apply when paying commission/service fees to an Indian agent?

European Commission Agent / Professional: What are the Reverse Charge Mechanism (RCM) GST implications (Import of Services, OIDAR/Intermediary rules) and TDS obligations under Section 195 (including DTAA benefits and Form 15CA/15CB requirements) when paying commission/service fees to a foreign agent located in Europe?

Scenario 2: Export Transactions
When exporting goods to international markets:

Indian Commission Agent: What are the GST (Taxability, Place of Supply rules, claiming ITC or refund) and TDS implications for commission paid to a resident agent assisting in exports?

European Commission Agent: What are the GST (Applicability of RCM on foreign intermediary services) and TDS (Taxability of foreign agent commission for services rendered outside India under Section 195 read with Circulars) implications when paying an overseas commission agent for export orders?]]> 1441771 https://www.caclubindia.com/experts/capital-gain-on-commercial-property-and-investment-in-residential-property-2963499.asp Sat, 31 Oct 2026 16:49:04 GMT Facts :-
1. There is a commercial property held in the name of an Individual Assessee. The land / property was owned by the individual in his personal capacity. Construction on the said commercial property was carried out and funded by a Partnership Firm, in which the said individual is a Partner. During F.Y. 2025-26, the said commercial property along with construction has been sold for a consideration of Rs. 2.90 Crores. After the sale of the said commercial property, the assessee has constructed a residential house on another residential plot which is held in the name of his spouse. Almost the entire sale consideration has been contributed / invested by the assessee towards the said residential house construction.
Question for Opinion:
A. Whether the cost of construction incurred by the Partnership Firm on the commercial property owned by the individual assessee can be claimed as Cost of Improvement / Cost of Acquisition while computing Capital Gain
B. Whether the assessee can claim exemption from Capital Gains on sale of commercial property by investing the sale proceeds in construction of a residential house on a property owned by his spouse?
C. What will be the overall Capital Gain tax implications in this case and what is the best possible way to claim exemption / minimize tax liability under any on the provisions and case laws i.e. supreme court judgement , High Court judgement etc.
Kindly opine.
]]> 154890 https://www.caclubindia.com/experts/import-of-capital-machine-2963494.asp Sat, 31 Oct 2026 13:44:52 GMT
It can be possible to Import of Machine, Freight & Insurance can be capitalize instead of Expense out.

Please, advice.]]> 1258180 https://www.caclubindia.com/experts/gift-to-nri-relatives-resides-in-usa-2963489.asp Fri, 30 Oct 2026 22:03:36 GMT 2618252 https://www.caclubindia.com/experts/rent-agreement-of-house-of-deceased-person--2963484.asp Fri, 30 Oct 2026 09:14:26 GMT 917036