Adjustment of Input Tax credit.
As an Accountant I am asking this question. Our Shop ( Retail dealer) in July had out put of CGST and SGST of Rs.20000/- each. Our supplier did not file his GSTR 1 in time. Hence our ITC of July is sh ...
As an Accountant I am asking this question. Our Shop ( Retail dealer) in July had out put of CGST and SGST of Rs.20000/- each. Our supplier did not file his GSTR 1 in time. Hence our ITC of July is sh ...
Dear Client,
As per the condition prescribed under Section 27(3) of the GST Law every taxpayer has to pay tax compulsorily for filling GST Return and the valid return will be used for claiming Input Tax Credit.
Thank You.
Other Responses
we have appeared for gst audit for the period 2017-18 and 2018-19 and they have raised demand for wrong head tax payment of Rs.620154 and we have paid the same through Drc-03 and they also told claim ...
The limitation period that applies for an application of a tax refund is 2 years irrespective of the fact that you have received an audit report before or after the refund application.
Thank you very much
Other Responses
Hello, I have registered a business on Jan 2020 on the GST portal - gst.gov.in and my business generates income from international transactions that don't happen in India, so since then I have been fi ...
Dear Client,
You may get appropriate advice from the chartered accountant or concerned expert in the field. You cannot file a Nil returns statement when you are generating some income through International transactions so please get legalize your transactions.
Thank you!
Other Responses
Hello, I have registered a business on Jan 2020 on the GST portal - gst.gov.in and my business generates income from international transactions that don't happen in India, so since then I have been fi ...
Hi,
Annual return is filed within 60 days from the date on which the Annual General Meeting (AGM) is held or if no AGM is held then you have to file an annual return within 60 days from the date on which the AGM should have been held together with the statement specifying the reasons for not holding the AGM with such fees or additional fees as may be prescribed. The first AGM should be held within 18 months from the date of incorporation. So, if you have not conducted an AGM from January 2020 t
Hi Last year I took packers and movers service along with godown in Pune, Maharastra. For last one year my luggage was lying in his godown. Last month, I took my luggage back to my home town. As promi ...
Hi,
A person can report a GST fraud in many ways including visiting the official portal cbec-gst.gov.in, clicking on CBEC MITRA Helpdesk and choosing "Raise Web Ticket" to file the complaint. Alternatively, people can email the complaint to cbecmitra.helpdesk@icegate.gov.in.
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Hi, I am a designer and I recently started freelancing for an international client. My question is, do I need to register for GST? My income is below 20lakh inr.
It is not mandatory but good to have it as if your business goes more than 20 lac then you will have to have it.
Other Responses
Am have taken franchise busines of fast food selling shawarma and grill chicken only. Franchisor charging me GST 5% from gross sales. However we are not charging 5% from customers and even in the prin ...
You will have to go by business SOPs. Ask a CA about the same.
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ADV. ANISH PALKAR (High Court)
For Online Matrimonial Startup Business, Registration of Sole Proprietorship or GST is mandatory.
Hi,
Yes, both are mandatory if you are the sole owner.
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I have registered for the GST ,I have recieved the query for Duly Notarising original Consent letter and Authorised signatory letter Please help me in query documentation Budget 400 Rs. Please dont s ...
Hi,
You can find the format of the consent letter online. Take the necessary documents and get them notarized at the nearest notary public office.
I am working as an affiliate marketer (for Amazon and Flipkart) and earned around Rs. 16 lakhs till November 2020 and hope will cross Rs. 20 lakhs this financial year. I think I have to take my GST r ...
Hi,
You should approach the concerned professional
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