Dear Sir,

I purchased some materials in the earlier month of this calender year and have already taken the GST input against that purchase while filling the return. But due this pandemic and lockdown and closure of establishments the material got expired. The same can't to be sold.

But as mentioned above already taken the input for the same. What will the course of action in this case. Please reply.

Thanking you,

Dependably yours

Hello sir, I applied for GST registration dated 17.04.2020. and ARN number generated , but still today dated 25.05.2020 status is pending for processing.What can I do?

Dear sir
I have purchased a AC for my shop ( Whole sale/ retail cloth merchant).

Can I take the credit of SGST and CGST paid for AC.

Thanks

Hello sir, I applied for GST registration dated 17.04.2020. and ARN number generated , but still today dated 25.05.2020 status is pending for processing.
What can I do?

Respected experts

we are in the business of promoting goods and service of others on our in house developed application .
normally we charge Registration charges in addition to that charge for banner and hotdeals .
Now we are entering in to barter deals with some retailer whereby we will not charge any amount from retailer for registration on freedeem platform.
The Registration will be made upon mutually agreed Exchanged/Barter coupons/vouchers.
that voucher purchased from retailers will be sold to our customer at some discounted rate .

my concern is whether any Gst payable by our company in our case ?
IF YES ON what amount Gst payable by us ?
on value of voucher purchased from retailers or on value of voucher sold to customer ?
please reply fast.

Dear All,

I come across a client whose gstr3b and GSTr-1 has been filed for the month of January 2020 to march 2020 as NILL. which provides export of services.

but there was some transactions which has not been reported by him.

what can be done in this case.

Please share your views.

will there be a difference between the auto populated figure in GSTR-9 & GSTR-1 for outward supplies between B2B & B2C transactions. will a different figure get auto populated in GSTR-9.

Dear Experts,

We have wrongly taken (not availed) ITC on Civil works on building in GSTR-3B in previous month

Now we want to reverse this ITC in this month i.e. March-2020.

Where we show this ITC in GSTR-3B. Please advise.

Rakesh Sharma

Hi,
Three partners started a firm to start a gym center in Nov 2019. Invested an amount of upto 1.2 cr. (most of it was taken as a loan taken on the name of firm). Due to one current situation two partner wants to exit, while the third one want to continue as proprietary business.
Q1: What happens to GST on capital goods (unclaimed credit) and related procedure
Q2: What about the loan taken on the name of firm

As per notification,if turnover is more than 5 crore,and due date of filing gstr3b for mar,20 is 20.4.20.After 15 days w.e.f 20.4.20 interest @9% is leviable.If tax payable for mar,20 under cgst act is Rs.50,000 and under sgst act Rs.50,000.then interest@4.5% on Rs.50000 and 4.5% on Rs.50000 is leviable or 4.5% on Rs.100000 cgst and 4.5% on Rs.100000 sgst leviable?