whether GST input can be claimed on shares purchased and share related services received like management fee etc,

whether GST input can be claimed on shares purchased, A LLP firm purchased shares and selling through SMC if dis allowable under which section please mention.

Hi
What is the correct method to Claim ITC in GSTR3b?

Method 1 Method 2
IGST IGST
GSTR2B 100 100
GSTR3B -
4(A) All other ITC 80 100
B) Reversed 20 40
Reversed 17(5) 10 10
Others 5 30
NET ITC Available 60 60

ITC Claimed - 60 Invoices available
Reversed - others - Invoices not available, will be claimed in the subsequent month

Hello Sir/Madam,
One of my client is rice traders who engaging in domestic sale of exempted & taxable goods and exporting rice (exempted goods) also. Whether he can apply for ITC GST Refund through RFD-01 for the expenses which incurred for make the export complete. Please suggest..

Sir,
A registered composition scheme dealer rent paid to landlord (un registered) rs:5000/- per month for commercial property
Question:
Composition dealer RCM applicable for rent paid to un registered landlord latest amendment
4203

Hi
1) I have claimed excess ITC in fy2023-24 how do I reverse it? DRC 03?
2) I have an outstanding liability for FY 2023-24, can I adjust it through the ECL balance? how to do?
3) Do i have to add this outstanding liability in GSTR9 in Table 9 - Tax paid?


Thank you

During the FY 23-24 the party has availed ITC in GSTR 3B which were actually needed to be reversed as per rule 42. The FY is already over, only 9&9c is pending. My question is:

1- Can i reverse this ineligible ITC taken in the table 7 of GSTR 9
2- If not, what we can do
3- if yes, will I be required to pay the reversed ITC in cash or can reverse it from the credit ledger as there is enough balance in credit ledger. Also is interest applicable on the same?

Hi
Direct Income 100 + Indirect Income (non GST - Interest on FD etc.) 20 total income is 120
while filing GSTR 9 C - in Pt II(5) A what should be the Turnover - 100 or 120?
as per my audited Financial Statement, my total turnover is 120 whereas as per GST Pt II (5) Q is 100 .
where to show the difference amount 20

Is it necessary to put 120 in GSTR9C Pt II (5)A or can I put 100 bcoz 100 is only my taxable outward supply as per GSTR1

Thank you for your quick response

CAN WE TAKE ITC ON COURIER CHARGES OR IS IT ATTRACT RCM.. PLEASE SUGGEST

Hi
Other Income such as Interest on Income Tax and Savings account - No GST is applicable - where is it reported in GSTR1 , 3b, GSTR9 and 9C