Dear Sir/Madam

Please confirm the GST rate and HSN code of old/used vehicle commercial vehicle model 2011

Thanks & Regards
Lingam

A company has deducted TDS on 194R, do we have to pay GST?

Dear Experts

With reference to the changes to be effected in GST rates with effect from 22nd Sep.,
it is said that dealers have to reverse the differential ITC / GST amount in connection to the stock in hand as on that day with reference to those goods, whose rate of tax has been brought down.
But, for those goods, for which the GST rate has been revised upward, what should be done for the ITC / GST amount in connection to the stock in hand on that day.

Pls. advice.

1. At the end of the year it is seen that a sum of Rs. 2000 paid excess due to wrong return. Our Auditor is saying that this amount will be shown under the head of P/L account as Expenses. Please advise what is the actual accounting entry.
2. During checking of the GST credit ledger the FY 2024-25 is seen that one IGST amount of Rs. 2000 related March 2019 has been adjusted from the input balance. Then how to pass the accounting entry for the amount of Rs.2000.
3. As per the books, the opening balance of GST Credit ledger showing Rs. 200000. However as per the Electronic Credit Ledger the opening balance is Rs. 50000. The auditor is saying that please make an adjustment entry for the difference amount. Please advise for the same to pass an accounting entry.

A charitable trust has started Diploma Course afflicted with Government University, which is vocational course whether trust is liable to pay GST on fees collected from students ?

I HAVE MADE A MISTAKE IN GSTR 1, CAN I CORRECT IT IN GSTR 1A?

Dear Experts,
A customer buys 12% and then sells after 22 September at 5%,
so what should be done with balance ITC 7% ? Can carry forward ?

A taxpayer has been issued a Show Cause Notice on the following grounds:

Wrongful availment of Input Tax Credit of ₹10,00,000/- in contravention of Section 16 of the CGST Act, 2017, proposed to be disallowed, demanded, and recovered under Section 74(1) of the CGST/GGST Act, 2017 read with Section 20 of the IGST Act, 2017.

Recovery of interest at the applicable rate under Section 50 of the CGST/GGST Act, 2017 read with Section 20 of the IGST Act, 2017.

Imposition of penalty under Section 74(1) of the CGST/GGST Act, 2017 read with Sections 122(1)(vii), 122(1)(x), and 122(2)(b) of the CGST/GGST Act, 2017 read with Section 20 of the IGST Act, 2017.

Imposition of separate penalty under Section 122(1)(xvi) of the CGST/GGST Act, 2017 for failure to maintain prescribed records at the principal place of business declared in GST registration.

Findings (charges proved):

Demand of ineligible ITC of ₹10,00,000/- confirmed.

Interest on the above demand confirmed under Section 50.

Penalty of ₹10,00,000/- imposed under Section 74(1).

Issue for Determination:

What should be the separate penalty under Section 122(1)(xvi)? Should it be ₹20,000/- (fixed penalty for non-maintenance of records) or ₹10,00,000/- (linked with tax evasion amount)?

If the penalty is quantified as ₹10,00,000/-, why should it not be restricted in terms of Section 75(13) of the CGST Act, 2017?

Alternatively, can the penalty under Section 122(1)(xvi) be limited to ₹20,000/- considering that the offence of non-maintenance of records is of a non-quantifiable nature?

Thank you in advance.

Resturrnt has made supply through e commerce operator on which e commerce operator is liable to pay tax under 9(5). We have reported such sales in table 14 of our gstr1in addition to this whether we must report such sales in Table no 12 HSN summary in BTOB supply?

Isd located in Maharashtra
Regular gstn located in Maharashtra
Regular gstn located in Gujrat
Regular gstn located in Karnatak
Regular gstn located orissa
If common service sgst + cgst input received to isd in Maharashtra & attributable to all gstn including regular Maharashtra - can sgst & cgst converted into igst for distributing itc to other than Maharashtra.

If common service igst input received to isd in Maharashtra & attributable to all unit including Maharashtra - can igst distributable to Maharashtra regular gstn as sgst + cgst & other regular gstn as igst.

Transporter send our goods from our gujrat purchasing party to all above unit. But raise his
invoice / bill of supply to only our Gujrat unit.
Our Gujrat unit pay Rcm on GTA service & whole rcm itc consumed by our Gujrat unit.
In this case can RCM distributable vis isd. If yes
Pl mention any specific section / rule / notification.