Please help on this matter. Because my Novermber month return is not processing for this reason-my ITC is excess than total tax liability.
Total Tax liability is 4,33,261/- (CGST-113321/-, SGST-113321/-, IGST-206619/-)
ITC is 620147/- (SGST-310074/-, SGST-310074/-)
Please let me know how do I file this return & how do I set up offset liability.
Regards,

Prem

Goods were sent to a business partner to the other state. Some of the goods that were shipped have been stolen say 400 and it was sent along with the invoice of total pcs say 2000 pcs.
Later we revised the bill to that vendor and have given him an invoice for 1600pcs
now please guide me what would be correct treatment as per the accounting standard and as per the tax regulation for 400pcs that were stolen in transit. how we have to deal with lost stock in GST regime and what would be the accounting entries.
The whole stock is shipped by taking a courier service who may have taken the insurance for this shipment.
We have already raised a claim of this with the transporter.
It would be your most kindness for providing some help in this matter.

If ITC is excess than total tax liability-than how to adjust ITC in the return

A transporter gives service of transportation to B transporter, to deliver goods of C to D

C will pay GST on RCM basis for invoice raised by B To C

whether B has the liability to pay GST on RCM basis for invoice raised by A on B?

kindly provide the specific provision for the same.

Our customer sent bearings as a free issue material with Invoice its value is 50,000+ IGST 8,000= 58,000/-
And we have fitted the bearing and sale our equipment @5,50,000 + IGST 99,000= 6,49,000/-
Now, how much payment we will claim to the customer??

If a proprietorship business is registered in gst having turnover more than 20 lakh and proprietor has personal rent income of 12 lakh. Is the assessee required to pay gst on rent and if yes, then is he required to apply for another gst registration or GSTIN of his business will work

whether registration certificate (gumastha dhara ) is mandatory for new registration under gst

We, are manufacturer of Filtration Equipment , and we are gathering orders by Trial of Equipment at Customers Factory/Place, by Trial we are generating the Revenue, For Trial Charge Invoice which SAC Code can we use ?

Right Now, We are using "9987" the One Code for the All Service Provided by us Whether it is Rapair and Maintenance of the Equipment as well as Trial Charge.

Please Suggest if any other code is available for the TRIAL CHARGE

Dear Members,

Mr. X has purchased a Flat (2nd Floor) which is completed (No Occupancy Certificate issued), however the Building as whole is not complete yet as few floors are still under construction. Mr. X has paid part amount of the consideration before 1st July which includes VAT & Service tax. Now, the Builder is asking for GST on the part payment of the consideration.
When Mr. X approached to the builder for reducing the price of flat in view of the benefit of availing Input Tax credit, the builder has replied that since your flat has been completed we have not utilised the Input tax credit on the same, hence you need to pay the GST on the said amount.

Whether the builder is justified in his reply and Mr. X will have to pay the GST component to he Builder.

Please guide.

Regards,
Devendra

Hello sir/Madam

we are dealing with non GST goods. we have made payment of GST on purchase of Goods which we are having more ITC.

this GST can not be eligible for ITC

my question is whether can we show this ITC as expense in the Books

Thanks in advance