Due date for filing of GSTR-7 for the month of March-2020 has been extended to 30-06-2020. So I want to know whether TDS under CGST ACT,2017 for the month of March-2020 can be deposited on or before 30-06-2020 without payment of any interest, penalty and late fee?

Query 1
If GSTR 3B return due date extended to 23rd & return filed on 28th,
So Interest on GST will be calculated from 20th or 23rd ?

Query 2
While calculating Interest do we have to consider Date of Payment or date of filing the return to calculate no. of days ?

Dear Experts ,

My query is regarding LUT (Letter of Undertaking) Validity or expiry, I wanted to know that when will be expiry of LUT if applied for FY 2020-21 on dated 20th March 2020 (i.e in FY 2019-20), or else company need to apply fresh LUT for FY 2020-21 if it's get expire on 31st March 2020.


Please help me know that.

Please clear whether due date of March 2020 of GSTR7 (deposition of TDS GST & filling of its return) is extended or not?

Please clear whether due date of March 2020 of GSTR1 is not extended?

Assess running a small fancy shop.turnover below 40 lacs limit.
Assess which type of accounting books maintained.
1. If assess registered in gst act
2.If assess un registered in gst act.

dear sir, i have claimed igst which is cgst/sgst.please advice me how to correct this? is int.payable on input availed under wrong head?

R/All,

We are merchant exporter having business office in India.
We purchase cosmetic/pharmaceutical raw material from China and directly export to Algeria (China To Algeria By Air), Purchase payment made from India and also Export payment received in India on our account.
So we want to know the GST impact on this transaction. It is compulsory to mentioned in GST return.
Please suggest.

Regards
Roshan Gathibandhe

Mr. C a registered taxable person, was paying tax at composition scheme upto 30th July. However, w.e.f. 31st
July, Mr. C becomes liable to pay tax under regular scheme.
Other information:
(a) Input as on 30th July for ` 3,54,000 (inclusive of GST paid @18%).
(b) Capital goods purchased for ` 5,00,000 (invoice date 22nd April 2017, GST 18%)
Find the eligible ITC to Mr. C.
Note: Mr. C not availed depreciation on the GST paid on capital goods.
Answer:
ITC allowed on inputs = ` 54,000
ITC allowed on capital goods
ITC on capital gods = 90,000
Less: 5% p.q = - 4,500 = ` 85,500 (` 90,000 x 5% x 1)
Total ITC allowed to Mr. C as on 31st July= `1,39,500

My question is here how its 1 quater for use of capital goods.
It is to 2 quaters right.

Is there any latest notification on ITC because of COVID 19? Has government given any benefits?
Latest I know is
Government notifies changes to rules on input tax credit. The Centre has notified changes to the goods and services tax (GST) rules, lowering the input tax credit to 10% from 20% of eligible credit, if invoices or debit notes are not reflected in filings.