Dear All,

I sols only exempted goods during FY 2021-22. I am registered under GST. My turnover for FY 21-22 is more than 2 cr. Do I need to file GSTR-9 for FY 2021-22?

Thanking You.
Nirmal Dave

Dear Friends,
I shall be grateful if you can share your opinion on the GST liability of a A Pvt Ltd company which sold a used car recently. The facts are.

Car was originally purchased in 2015 for Rs 35 lacs app,
Sold in Aug 2023
Consideration Appx Rs 4.75 lacs
WDV of the car on 31/03/2022 as per last audited B/S
As per companies Act, Rs 3.50 lacs
As per IT Act Rs 12 lacs

profit/loss on sale- As per companies Act- Profit 1.25 lacs
As per IT Act- Loss Rs 8.50 lacs

The quries:

1. Whether the company is liable to pay GST on profit/loss on sale and at what rate.
2. The profit or loss on sale of car and GST liability is determined in this case as per Companies Act or Income tax Act.
3. Is there any GST rule or court ruling on the basis f which the GST liability is to be determined

Thanks
PC Joshi

Dear Sir

When it comes to tcs on receipt u/s 206cr, Sale consideration related to last year sake should be considered as receipt while collecting tcs or only current year sale consideration will be taken??

i.e,
Total receipt in FY 22-23 is Rs. 80,00,000/-

Receipt related to sale FY 2021-22 Rs. of Rs. 20,00,000/-
Receipt related to Sale FY 2022-23 Rs, of Rs. 60,00,000/-

TCS will be collected on 30,00,000 or 10,00,000 ??

We have Filed GSTR-9 for the year 2018-19 but our turnover in the balance sheet and turnover in the GSTR-9 was not equal or mismatch or less than Balance sheet and also we are not disclosed the same in the table 10 of the GSTR-9 but we have already paid the outward tax liablity for the same in GSTR-3B of the year 2018-19 issue is only that we have not shown in GSTR-1 as well as GSTR-9 of the financial year 2018-19.
I am seeking your advice on above issue arised in front of us.How Can we proved that we have paid tax liabilty for the respective turnover and it was just disclosure error?

PLS HELP ME WITH HSN CODE FOR laying charges of CAT-6 CAble

I bought a car in my company's name in July 11/2022. Availed GST.
Unfortunately, the car was totally damaged when it met with an accident in December 2022.
I claimed insurance and Reliance Insurance settled me fully in March 2022.
My auditor says I made a profit of RS 4,51, 432,55 ad asks me to pay GST.
I do not consider this as profit. Like to know whether I have to record.
Need your direction asap.

Hello sir/ma'am,
in case of a person dealing in sale of used vehicles and not claiming ITC, he will pay GST on diffrential amount between sale and purchase value. but he don't show GST on invoice, is my understanding correct?
I have seen that CARS24 do not charge GST on their invoice.

Respected sir

As i mentioned in subject during financial year 2018-19 while filling GSTR-3B return for Aug month we have mistakenly/clerical error entered input on import of goods in ''All other ITC" column irrespective of the correct column specified for Input on import of goods, and is not rectified in future returns, can any one suggest me the case laws any high-court with proper no and order date where input is allowed in these type of scenario.

Hi Every one

Good day.

My query is , Is it necessary to show intra-state stock transfer(within the state) in GSTR 1?

The company is operating with same GST number and multiple location in the same state.

Please confirm.

Thanks in advance Guys.

Is Table No. 18 is mandatory in GSTR9?
If yes, is there any Turnover limit for table 18 of GSTR9 as same as Table 17 of GSTR9?
And in "help" tab of Table 18 of GSTR9 in GST Website it is showing Optional. Why?