Respected Sir
In january 2023 One Invoice of Event Management With Food, Drinks and Branding
(SAC Code 9985 )was showing in GSTR 2B Invoice amount is 1,31,250 Rs.
In that Month of GSTR 3b of I Reversed in the column ((B) ITC Reversed (2) others )
this Itc Because of food and beverages Credit restricted under section 17(5)

Now in the September Month of 2023 Supplier issue Credit note of rs. 1,31,250 Rs.
(Reason not Known)

So in the September 2023 i have to Pay tax in Cash Because of reversel of ITC ,

My Question is Can we Declare ITC that i have reversed in January Month as opening Balance in Electronic Credit Reversal and Re-claimed Statement and Reclaim in this September Month again ??

WHEN FREIGHT BOOKED IN INVOICE AND GST CHARGED ACCORDING THE RATE OF PRODUCT, DOES IT ATTRACT RCM ON THIS FREIGHT WHEN WE TAKE THE EFFECT OF GR IN OUR BOOKS TO CREATE LIABLITY TOWARD TRANSPORTER ??

1) Hardware such as Paints, Nut & Bolts, Spanners, etc purchased under GST comes under which head in purchase ? Direct Purchase Or Indirect expense

2) Purchase of Gloves, Face Shield, Safety Shoes, etc for factory workers safety during the manufacturing process then which expense head should be debited ?
Direct Purchase or Indirect expense

3) Testing / Lab Charges for material under which head ?

4) Tools & equipments purchased for work use under which head ?
Direct Purchase / Fixed Assets?

5)Bonus & leave Encashment is a direct or indirect expense while paying to factory workers ?

GST portal is unable to catch pan creation date which is mandatory field and auto filed.cbic and gst officer is silent on this issue.... So what can i do next ??

Dear Experts
HSN wise summry of outward and inward supply is not mandatory in GSTR-9 in the year 2017-18 to 2021-22. My qurey is, Can assessing authority demand the HSN wise summry during the Assesment for said year cases under scrutiny case. if not , kindly provide the any reference or notification etc. thanks

Read more at: https://www.caclubindia.com/experts/hsn-wise-summry-of-inward-and-outward-summry-2912214.asp

IGST Output 40,00,000/-
IGST input 15,00,000/-
CGST Input 20,00,000/-
CGST Output 10,00,000/-
SGST Input 20,00,000/-
SGST output 10,00,00/-
My question is how to adjust input.

We have to reverse the CGST Credit of Rs 82000/- due to non payment within 180 days. But we only have 20000 credit in CGST Ledger. Can we adjust IGST Credit to reverse the CGST liability. Kindly guide.

Santosh Patil

SIR

I HAVE RECEIVED A INTIMATION OF TAX LIABILITY UNDER ABOVE SAID SECTION.

KINDLY ADVICE ME THAT WHAT I HAVE TO DO AND WHAT I HAVE TO GIVEN REPLY.

AWAITING YOUR REPLY

KAPIL

In GSTR 3B , temporary reversal amount is shown in permanent reversal. Please suggest how to rectify this issue in GSTR 3B.

Thanks in advance.

OUR COMPANY TURNOVER CROSSED 5 CRORE LIMIT IN OCTOBER-23, THEN E INVOICE APPLICABLE FROM WHICH DATE/MONTH....01.04.24 OR IN OCT-23