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sumeet kumar
18 March 2024 at 23:27

ITR U Error while uploading

It shows the error, "In part B TI, Sl.No. 19 - deemed income u/s 115JC is not equal to Sl. no.3 of schedule AMT". But my all figures are matching with the respective schedule. How to solve this error.

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Bazeer Ahmed

Sir / Madam,
We have recently received a demand letter from Central GST department based on the performance Audit conducted by GST Audit Wing stating that we have raised duplicate eway bills for the same invoices. For that we have to pay the tax liability amount along with 15 % penalty and interest from the period when the invoices were raised.

Scrutinizing the eway bills we found that we have prepared the eway bills and sent to the buyer location at Maharastra. A particular buyer after receiving our goods they made another eway bill to move the goods from godown to a factory in local about 15 km with the same invoice number which was raised and sent by us. In those eway bills clearly registered their GSTIN in the “entered by” column. The transaction period was FY 2018-19.

Again one of the bill we have prepared eway bill double time for the same invoice number same transport vehicle number within 10 min time difference. We don’t know how the system accepted the duplicate document number at that time. As it was initial period like trail and error period this mistake would happen. The transaction was taken place in April2018. Moreover we have faced a lot of problems like internet connectivity and server problem most of the time rejected and struck.

Hence we have decided to sent the reply along with the parties account statement for the respective years for proving that the transactions were not duplicate.

Kindly clarify whether the reply to the department as above will satisfy the authority or not.

Any suggestions / points to be added with this reply.

Thanks in advance,
With regards,
Bazeer L

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Srinivasa Joshi
18 March 2024 at 10:17

E Invoice regarding

Dear Sir
We have received intimation for E invoice, in the intimation stating that 2017-18 shall issue e invoice tax payer with
aggregate turnover of Rs. 5 crores wef 01.8.23 on all B2B transaction. for the year 2023-24 whose turnover is exceeding 05 crores have to issue e invoice. so we little bit confusion but our turn over is not exceeding 05 crores hence please clarify the same.
Yours faithfully
Thanking you
Srinivasa Joshi

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Shalini RN
18 March 2024 at 10:03

ISSUE OF E-INVOICE

We are registered GTA. We are also providing vehicles on hire to other Goods Transport Agency and our proprietor has rented out commercial place also. My query is whether we are required to issue e-invoice. If not under which notification we are exempted? Please Clarify.

Thanks & Regards,

Shalini R N

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Sanjay
17 March 2024 at 21:07

Internal reconstruction Query

Hi Sir/mam.

Please clarify on surrender of shares
If debentures of 1 lakh and debentures interest of 20k are existing in balance sheet
And total claim of debentures reduced to 50k,
how would i know which part is reduced to which extent.

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Jaswinder singh

Respected Colleagues
If Person GST registration and having Export of IT services to foreign country in AY 2023-24 of Rs 25 Lakhs but now in AY 2024-25 Export of IT services to foreign country is only Rs 11 lakhs till march till date.

My query is GST registration is still mandatory to continue even below threshold limit of Rs 20 lakhs???
Or We eligible to cancel from immediate effect?

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Mahabir Prasad Agarwal

Received a SCN U/S.74 dt.14.12.2023 for FY 2017-18 disallowing ITC on purchase of cement and MS rods. Although cement and ms rods were sold by us and outpaid paid on the same. How to proceed into the matter ? Is the said SCN issued within limitation period ?

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P V Gopal
16 March 2024 at 11:38

Filing Under B2C

Dear Experts.

Pranam.
Small doubt.
One automobile dealer, also acting as broker for insurance services - covering / sourcing insurance for new vehicles & renewal services for a OEM.
As the GST number not updated in SAP, the automobile dealer paid GST amount under B2C category.
Is it possible to claim ITC.
What is the way available to automobile dealer to ask the OEM to repay ITC.
Requesting valuable guidance please.
Thanks in advance.

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Heena Ghag

Capital Assets/ goods input is completely taken during the combined service and reversed within the next 60 months. Currently providing services that are fully taxable, so it's important to determine whether the capital input credit needs to be reversed throughout the reaming period.
Kindly give advice and suggestions regarding the right way of reversal input credit.

For example, capital assets purchased in 2018–2019, input took in full, and reversal credit in the next 60 months .we are offering combination services until FY 2022–2023 and completely taxable services starting in FY 2023–2024. Can we liable for input credit reversals for capital assets during the Remain period?

Thanks in advance for your valuable suggestion

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Anand Ghadge

Capital Assets/ goods input is completely taken during the combined service and reversed within the next 60 months. Currently providing services that are fully taxable, so it's important to determine whether the capital input credit needs to be reversed throughout the reaming period.
Kindly give advice and suggestions regarding the right way of reversal input credit.

For example, capital assets purchased in 2018–2019, input took in full, and reversal credit in the next 60 months .we are offering combination services until FY 2022–2023 and completely taxable services starting in FY 2023–2024. Can we liable for input credit reversals for capital assets during the Remain period?

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