Hi

Is GST applicable on sale of capital goods -vehicles like car , lorry 1) which are used in business and 2) which are not used in business

Reply please

M/s A has received some services from M/s B and paid GST under reverse charge and also claimed ITC on it from July to October 2017. Invoices had not contained GST. For the month of Nov and Dec 17 no GST is paid by M/s A also as reverse charge postponed.
However M/s B is registered supplier from July 2017.Now M/s B wants to pay GST from July 2017 till to date with interest.
(1) How both the parties will correct the accounting entries in their books??
(2) Is it required to pay GST by M/s B, as GST is already paid by M/s A under reverse charge??
(3) And if M/s B gives the credit note to M/s A from the period July to Dec 17 and reissued new bill with GST, how M/s A will reverse the entries in books which are done for RCM Liab and RCM credit and how M/s A will report these reversal in GSTRs??
(4) Is there any way to settle these transactions in both parties books??

Dear Experts,
We want to return the goods in purchase return. Pls tell me can we send the goods for purchase return by debit note.

Also in some case we send the goods for replacement can we send the goods for replacement by delivery challan,

Pls guide me....

Thanks & Regards
Mohit Chandra

We have forgot one Invoice of Nov month to show in GSTR3B and GSTR1.

what action to be take now.

Please guide.

Dear Sir,

I filled TRANS-1 in Nov-17 where there was a service tax input credit approx 20 mln and at the same time while filing GSTR 3B for the Nov-17 i reported the same amount as ITC considering the credit for that month under GST but after some time when i refer the availavable credit on GSTN portal i came to know that there is double credit even though we have not actually utilised the credit twice.

now i understand that i shouldn't have reported this credit under 3B, so please help me how to correct this mistake.

Regards
JAI Prakash

Dear Sir
Sum Dealers are In GST Regular Dealer but they Make Invoice in Bill of Supply .
the good are sold of Exempted item and Make invoice Bill of Supply Head
the good are sold Taxable item then Make GST Invoice or Tax Invoice
What is Right !
Regards

Sir,
What is the point of taxation for supply of services for which payment have received before the supply of service?
Whether GST has to be levied at the time of receipt of such amount?
If yes, Is there any threshold limit up to which there is no need to levy GST?
Please do the needful,
Regards,
Kiran

Dear Experts,
I am running foundry. Hence i have taken gas connection from Gail India. The Gail is charging 24% vat on gas bill. Pls clarify :- can I avail the ITC of 24% vat in GST or not if not whether the gas will be enter in Non GST inward supply or in ineligible ITC 3B,


Thanks
Rakesh

sir,
one of my clients is electrical contractor... he doesnt maintains bill book... & issues invoices not in sequence but by putting any random number. now i need to file gstr1 ... so is it necessary that invoice numbers must be in sequence??? how i can add invoices with random invoice numbers??

In GSTR 3B, there is a breakup of ITC being claimed
(4) Inward supplies from ISD
(5) All other ITC

Does ISD mean "inter state dealer" or something else ?