In Month of OCT GSTR -3B if ITC figure is negative 20% ITC rule is applicable??
For Example : I have 5 Purchase Invoice which ITC total is 5000 & one DN which ITC is 10000 all detail are show in portal but when we show ITC figure its Purchase - Debit Note now how to show in GSTR -3B because figure is nagative ???

Dear Experts,

I have kept some business assets ( Furniture, Electrical installation, Tools & equipment and cars) in my books of account, now i want to closed my business and sold above assets, Above assets purchase before GST regime and claimed MVat & central excise and as per tax audit block of above assets is nill. I have purchase furniture in FY-10-11 and till date wdv is-1.36 lakh as per books & as per income tax, and electrical installation & car purchase in FY 10-11 and wdv as per books is 5.55 lakh but as per Income tax wdv is nill, Tools & Equipment purhcase in FY-12-13 and wdv is-1.95 lakh as per books and as per it wdv is nill. I want to sale above assets, so how i can calculate GST payable on above assets, In case of Car I have not taken Central excise & M Vat credit.

Thanks & Regards

sec 73, 74 details of gst

Dear Expert

As per Notification No:20/2019 dt:30.09.19 GST rate has been reduced from 18 to 12.

We are Register manufacturer and sending Job work to other Register Job Worker for doing Job Work.

Kindly advise in CBIC site they have mentioned both 12% and 18% rate as per below

HSN SERVICE CATAGORY RATE
9988
INPUTS OWNED BY OTHERS SERVICES BY WAY OF JOB WORK 12%

9988
INPUTS OWNED BY OTHER MANUFACTURING SERVICE physical 18%

Kindly confirm which % tax to be charged
inputs owned by others

Dear Experts ,
We are wrapping machine manufacturer. We have to send some spare parts under warranty to our customer at Gujarat Our service engineer will travel to customer site by bus & will pick some urgent material with him of Rs. 70000/- . Kindly guide me how to generate e-waybill.

in gstr 4 ... is it compulsory to mention purchase details in gstr 4 return????
if compulsory then where to mention ...offline mode or online mode?????

One of friend is a Pro Kabbadi Player. He was hired for a consideration of Rs. 20 lakhs by franchisee. The franchisee paid him Rs. 10,00,000/- as part payment and also paid a gst 1,80,000/- (18%) by taking GST registration on the name of player.
Now my question is
1. whether a Pro Kabbadi Player liable to pay GST ?
2. or it is covered under RCM and the Franchisee will pay GST on reverse charge basis.
3. if Player is liable to pay GST on forward charge, since he will received 20lakhs in year, he is not liable to registration, hence GST should not be there.

Suppose on 11th of Nov the itc in 2A is Rs.1000000 and in books is Rs.1500000 we can claim Rs1200000/-(Rs.10 lakh+20%) in GSTR3B of Oct 19.
Now on 15th Nov the itc in 2A is Rs.1500000 but we have claimed Rs.12 lakh then what about balance Rs.300000 (15Lakh-12Lakh) itc.? How this will be claimed.?
If in next month this Rs.300000 is more than 20% of eligible itc of next month then would it be lapsed?

rcm applicable to composite dealers from oct 2019 onwards

We request expert opinion on restriction on GST ITC Credit with reference to notification no 49 dated 09.10.2019 and circular dated 11.11.2019.

We are asking query with example to understand the point.
Total GST Credit as per GSTR 2A - Rs.100/-
GST Credit as per GTSR 2 - Purchase register - Rs.110

In the above case the assessee is eligible for Rs.100 + 20% on 100 = 20 = Rs.120 As per GSTR 2 credit taken is 110.- Hence the asseses is eligible for Rs.110.

or
We have to work out the exact matching of GSTR 2A and GSTR 2 - Supplier wise and 20% is to be considered for matched amount.

Please also advise whether the assessee can consider the credit reflected in GSTR 2A in previous month and a accounted in the current month.