hi,

i am from a trading business. my company deals in a various product. i got confuse in one transaction we are doing.

we are agent for MNC company and company sells all its goods through agents only. credit period allowed to customer for payment of purchase is 10 days.

now what we do we pay before 10 days to company on behalf of customer (for which we got incentives). and ask customer to pay us with in that 10 days. If customer fails to pay us with in 10 day form the date of purchase we will charge interest on the purchase amount @18% P.A. so my queary is whether we have to add GSt in the interest we charged or only interest amount to be collect.

please reply

we have filed GSTR3B of sept 17 but with some mistake like zero rated export sale with IGST paid wrongly shown under local sale. Can we rectify the same as came know that GSTR3B edit option will be available soon in GST portal?

a co operative society running petrol bunk business and fertilizer business along with having commercial rental income of rs 5000/- per month .
Is it applicable to gst tax for rental income ( because b<=20 lakhs per anum rental income)
pls solve the problem

As yet we have not submitted but we have confirmed the itc and otc. Can we edit the data ? Whether there is still a chance to edit ? Still awaiting eagerly the edit option on GSTR-3-B. If by the way is inserted till the evening of 20th November 2017, I would b able to edit the data of ITC and OTC wrongly submitted by me inadvertently.

I M a trust which provides renting service of a hospital now we create a contract between hospital & trust to develop a land for cycle stand(trust is land owner) now that is new service by us to hospital i.e work's contract now different input credit we are book on cement,steel & misc for works contract now can I utilise that credit to pay Gst on renting service,till date we are not issue works contract bill.

what will be the treatment of discount received given by the company.? one of my client is receiving cash discount from its creditor thereby issuing the credit note of the same and journal entry is passed as debiting creditor account and crediting discount received account. How will I show such credit notes in Gstr 3B ?? please answer .

By mistake my GSTR3B is submitted without entering the values of Eligible ITC. Hence, I am unable to offset the liabilities using Electronic Credit Ledger. Is there any option to claim the ITC in future?

Dear Sir

Can I convert sole proprietorship to partnership firm through Core Field ?

If Yes , please suggest procedure
Thanking you
BIKASH RAI

While filing gstr3b of last month, by mistake we paid output GST on a sale invoice which was not of last month but this month and also included that invoice in the data of last month. GST was 200000/- now what to do in gstr3b of this month. Whether to show invoice this month also.and to pay tax again.

I am unable to get ITC for september as there is Save/Action on Counterparty Error. I am unable to update invoices of purchase in GSTR 2. Please advice.