Short answer: GSTR-7 is the monthly return filed by a person who is required to deduct TDS under GST. It applies to government departments, local authorities, government agencies and other notified...
Short Answer: Yes, it can happen. A sanctioned amount is the maximum the bank has approved, and the bank releases money based on actual cost, documents, security and compliance with sanction...
Who Can Benefit from the ITR Due Date Extension in 2026? Tax Audit Cases, Companies & LLPs Explained
Sharda Associates is a chartered accountant business and financial consultancy firm that has prepared over 45,500 CA-certified project reports. In addition to project report preparation, the firm...
Sharda Associates is a chartered accountant-business and financial consultancy firm that has prepared over 45,500 CA-certified project reports. Along with project report preparation, the firm assists...
Quick Answer Often, yes. Banks generally treat freight, transportation and installation as part of the capital cost of machinery, because the machine cannot be used without them. So these costs can...
Short answer: An AIS mismatch email or SMS is a system-generated advisory from the Income Tax Department. It says the information in your Annual Information Statement (AIS) differs from your filed...
Short answer: Filing on time only means the return was submitted. The GST notice system also compares your returns with each other and with other data, such as your suppliers’ filings, e-way...
Short answer: Yes, they can be shown in the project cost, but whether the bank finances them depends on the lender and the scheme. Advance rent is a prepaid expense. A refundable security deposit is...
Quick answer: Yes. If your GST registration application is rejected in Form GST REG-05, you can file a fresh application on the GST portal after correcting the reasons for rejection. There is no...