R/sir,
One of my client is regular tax payer and he is work contractor taking gov. contracts like zilla parishad. he is tax deductor and filed GSTR-7.
My question is how can i show Gst @12% tax to zilla parishad in GSTR-1.
Thank you so much in Advance.

Inventory accounting records is compulsory for 1.5cr below turnover limit for composite dealer and regular scheme both type of Dealers in gst act.

Dear Experts,
Ours is a limited company.
Few clients paid advance in the years 2017/2018 but have not paid balance amount nor are responding to our calls to pay the balance amount and take the goods. No GST was paid for these advance receipts earlier.
So, we are converting these advance receipts to cancellation charges (indirect income).
How do we show it in accounting in GST?
Is GST to be paid for such amounts?
Please clarify.

our client has applied for their export refunds of oct-18,nov-18 and dec-18 for which department has issued scn informing to allow itc only for itc getting seen in 2A quoting circular 135 on close reading of 135 , it is found that restrictions for refund is due to introduction of rule 36(4) , which itself is introduced for eligible ITC vide notification 43/2019 dt. 09/10/2019, so in our view restricting ITC only as per 2(A) if at all is correct , needs to be applied only for such return period after 9/10/2019 , for eligible ITC , as in case of any earlier period , as 36(4) restrictions were inapplicable ,3B itc are fully eligible for refund and allowing ITC only for amount as seen in 2A for such period seems is a faulty application of law 2.also circular 135 mentions "refund of accumulated ITC shall be restricted to the ITC as per those invoices, the details of which are uploaded by the supplier in FORM GSTR-1 and are reflected in the FORM GSTR-2A of the applicant." it does not specify for which period , so for such invoices if they may not be seen on those month's 2A but it is seen even in earlier or later months 2A , implying genuine credits , such ITC as seen in any 2A stands eligible for refund Expert friends , Kindly share your views and opinions
vipul d jhaveri
-FCA
mumbai
vdjmum@gmail.com

Hi all, My friend has crossed his threshold limit in the last year almost above 3 lac but he has not registered in the GST. Now, we calculate his income for income tax return then we realised.
1) We are going to registered but from which date (crossed in Dec19) 2) which account we do have to deposit GST along with Int & penalty cos we have not charged GST from the client?

Please help and give the solution. Regards

Sir/Madam
Please clarify my query
Purchase of goods from Amazon.com . Invoice has IGST. Hence claimed ITC of IGST in 2018-19. This amount of IGST is not showing in 2A. Is it an input tax credit which I can avail. Or do I Have to reverse it.
Thanks in advance.

Respected all
Our customer has send us debit notes for material returned by him for value of rs.250000/- which is more than Rs.100000/- for which he has not made e way bill.
Now my question is whether we have to make e way bill or not

My Taxable turnover is 3.91 core for fy 2018-19 . Can i filled gst9 & 9c ?

One of the conditions of composition is that a dealer should not have his stock of CST purchase as on 01.07.2017 to opt for composition. What if a dealer by mistake forgot to account an interstate purchase during a pre GST period and the same is unearthed by the assessing authority? Be it a namesake purchase of Rs 1.00? The condition for becoming a composition dealer is violated. May be without his knowledge an interstate dealer billed a sale on him. What would be the consequences? It would make lots of sense if an assessment is made on his pre GST registration without tampering his composition status. Only small dealers who sell goods to the ultimate buyers would follow the composition scheme. If his composition status is annulled how would be the assessment procedures?

A gst registered composite scheme dealer purchases of some goods .seller invoice details mentioned below:
Trade name :xxxxxxxxxx
Bill of supply
Invoice no.130 , Dt:20-08-2020.
Aadhaar no.xxxxxxxx
Turnover below 40 lacs
Invoice value :35,400/-
Question:
Dealer above mentioned invoice shown in gst returns accepted under gst act.