Sir,

We have opted to file 3B on quarterly basis under the new QRMP scheme. While paying the GST under Self Assessment mode, shall we deduct the opening ITC , which has been brought forward from Dec 20.
If we do so, we have excess of ITC to be carried down to Feb 21 and hence, need not pay any GST for Jan 21.
Shall we go ahead with this ? Is this the correct way or may attract levy of interest, etc ( Since there is no way to tell GST that, we have consolidated ITC, which is more than the output tax for the month )

Pls. advice.

Dear All

If any dealer submitted his Fy/18-19 related Gstr1 returns in the month of May-20 during pandemic because filing option was open . These Fy/ 18-19 related bills also reflected in 2A of purchaser or service receiver.
(1) In this case, these 2018-19 rela Gstr -1 returns are valid or not?
(2) is it possible to take ITC by purchaser or service receiver against those 2018-19 related bills ?
Annual returns 9a/9c(2018-19) filing due date also extended till Dec-20.

Plz guide with related circular against point no-1 & point -2

Regards

A co is located in UP having UP Registration. Property is situated in Delhi and the owner is Directors'HUF and HUF Registration too is in Delhi..
1. In the invoice what should be charged CGST+SGST or IGST?
2. We are charging SGST+CGST but in 2B it is showing as ITC not available?

Hello Dear,
My query is:
A party issue a invoice to me and charged IGST by selecting other territory as a place of supply but GSTIN state same for both supplier and receiver, i have claimed CGST-SGST under GSTR3B instead of IGST input but now the scenario is under GSTR9 there is a mismatch of ITC under table 8 (Other ITC related Information), IGST excess and CGST-SGST short fall.
How to transfer that excess IGST ITC under GSTR9 or either there is some other settlements under GSTR9?
Please Guide.

Dear Sir,
We are providing private hostel services for students studying in Allen Institute and the monthly fees is Rs, 12000/- which includes lodging, fooding, transportation. Whether we have to pay GST or are exempted.

Is there any possibilities GSTR-9 & 9C for the year 2019-20.please inform if any one submit the representation to the GST council.

what is the procedure to avail input tax credit-IGST in case of import purchase

Late fee capped at Rs. 500/- for each GSTR-3B Return
In a major relief to the GST taxpayers. the government has decided to cap the maximum late fee for Form GSTR-3B at Rs. 500/- (five hundred only) per return for the tax period July 2017 to July 2020 subject to the condition that such GSTR-3B returns being filed before 30th September 2020.

BUT MY QUERY IS THAT IF GSTR3B IS STILL NOT FILED THEN WHAT WILL BE THE MAXIMUM PENALTY FOR FILLING GSTR3B FOR OLD RETURNS .

ITC as per 3B is Rs.100000 ITC as per 2A is 120000. difference is of rs 20000. Reason being Rs.30000 we have not taken in 3B and Rs.10000 not reflected in 2A.
Auditors' asking for payment of Rs.10000..is it justified?
As overall ITC in 2A is more than ITC in 3B even than payment required?
If yes then as per Rule 36(4) too we are falling within 10% limit that was prevailing last year

I am a director of a company, I am planning to purchase Iphone Pro 12, which costs 125k, If invoice is made on company, can Company avail input credit on this mobile phone purchase?