Sir,
I have no IGST input credit in February 2021, but I want to reverse a previous month IGST ITC which was ineligible. Can I reverse it as negative value in table 4c of GSTR 3B .Please reply
Regards

I am a composition dealer. I have not filed my GSTR4 from FY 2019-20 to FY 2022-23. However I have paid tax in CMP-08. I did not take advantage of the amnesty penalty waiver. Now I have to file my GSTR4 yearly return but it is showing penalty of Rs 10000 for per return. I cannot afford to pay Rs 10000 for 4 years i.e. Rs 40000. Is there any way to waive the penalty or can I make appeal for condonation delay or something like that. Also want to ask, what if I file the GSTR4 with some gap time like one after, two month after one by one. Will my GST registration get cancelled if I dont file GSTR4 presently. I have filed upto date CMP-08 with paying composition tax amount.
I am very nervous and depressed due to this penalty amount. Please help me with your advice.
Regards

let x ltd is the business engaged in bus travelers and their tickets are booked through online platforms y ltd like redbus or Abhibus etc here Ticket price is 1000+5% GST charged to the customer will be received by y ltd. y ltd will deduct their platform commission of 10% which comes to 100+18% gst = 118
here y ltd will collect 1050 and remit 932 to x ltd (1050-118)
from the above case y ltd should disclose its income as 100 +18% gst but if in case y ltd has not disclosed the full amount 100+gst instead, they disclosed 50+gst in their GST returns
In this case, how does govt have a track that the income is leaking here and there is no control ( specifically by notification tds u/s 194h is not applicable in this case )
how can govt track a case like this or what are the possibilities to track this leakage.

Dear Experts,
1 A company raised the purchase order its servoce providers towards availing the Advertisement services
2 At that time, the service provider was a GST registered person.
3 After that, the service provider's GSTIN was getting cancelled.
4 Now the supplier has raised the invoice without leving the GST components.
5 In this case, whether RCM will be applicable for this transactions or not?
6 Pls clarify

Whether refund of same ITC can be claimed under both the scenarios
1)Inverted Tax structure
2)Unutilized ITC on account of Zero rated sales(Exports)

Sir, I am trader as well as service provider registered under GST & recently become sub-broker for dealing in Share market / opening Demat / Mutual fund etc & earned brokerage from that activity.

please guide as asked by Principal - Issuing GST tax invoice - where to mentioned in GSTR-1

Further, I have credit/cash balance in GST ledger but principal asked copy of Challan for payment of the same.

Guide with procedural aspect too.

Sir, I have to file my updated ITR for FY 2022-23 having business income. May I switch to new tax regime ? And another updated ITR for FY 2022-23 having salary and Interest income only. In both cases whether I can file Form 10IE ?

We have make a payment against DRC-07, now the department is asking us for proof that we have make the payment, they told us to upload the proof online, please suggest what proof I can submit and can I upload it on portal as I am not able to find any such option till now.

Thanks

Whether 1% GST is to be paid on exempted sale in composition scheme ?

In case of export of services, the foreign company is insisting on making the payment in Indian rupees. Will it still count as Export of services under the GST act? If I am correct, there was change in 2022 allowing export invoicing in Indian rupees? Will I still be entitled to raise the invoice without payment of GST under LUT if I am receiving the payment in Indian rupees instead of US dollars? I am already doing export of goods in US dollars in which I am exporting on payment of IGST and taking refund from Customs. I am doing both the exports under the same proprietorship concern. Can I carry both the businesses together in which I am exporting goods on payment of IGST and taking IGST refund from customs + Exporting services without payment of IGST under LUT and taking refund from the GST dept. ? Sorry for the multiple queries but any expert opinion will be highly valuable. Thank you