Dear Sir/Madam
Request to guide if any available for GST payable and and GSTR 1 for mutual fund distributor registered in Gujarat. If any link available for that or how to show income in GSTR 1 without bill summary. Tax applicable CGST 9% and SGST 9%
I generate e wey bill in the month of oct 2024. but same number bill show in GSTR1 and GSTR3B another party name . means bill No. x show in e way bill party A , and show bill No - X in gstr1 and 3B party B. how to solve this problem in this months.please help me asap
Answer nowTaxable goods send to registered non related person as free sample.
My Question below
Is treated as supply?
Is required to show in GSTR- 1
Can you please let me know the hsn code of ebook reader? I want to resell ebook reader in india after importing it from China. What are the legal compliance I need to follow? Please suggest
Answer nowin my case DRC 07 issued, no appeal filed.
1. ITC AVAILED disallowed and now eligible.
2.Late filing of GSTR3B.
officer asking to pay full amount of eligible itc
interest and penalties on late filing of GSTR3B asking too file rectification.
guide me officer is right in asking to pay eligible itc
Residential Real Estate Project:
Tri-party Agreement (Parties Involved: Landowner, Developer, and Construction Company)
The construction company raises bills to the developer with GST. Both the construction company and the developer are registered dealers.
The total construction area is shared as follows: 75% by the developer and 25% by the landowner.
Now, the landowner receives 25% of the constructed area as his share for providing the land for the project.
Question No:1
If the landowner sells the houses during construction (before obtaining completion certificate) and gives the power to the developer, then the developer receives the amount on behalf of the landowner and hands over the amount to the landowner after deducting the GST amount.
Here, we have a doubt regarding whether the landowner needs to take the required registration certificate under the GST Act and to pay GST or not necessary.
Question No: 2
For the development rights, we understand that GST is to be paid under the reverse charge mechanism (RCM) at the time of completion of the houses and handover to the landowner. However, in the situation mentioned above (where the houses belong to the landowner’s share), if the houses are sold during the construction period, what will be the taxability of the development rights, and at what rate GST to be charged? Who is liable to pay the tax? Whether developer have to raise a bill for the development rights apart from regular bills for constructed appartments (25 share) to the landlord.
In the above situation, the GST is payable at what percentage, when to pay, and who is liable to pay?
1. For development rights
2. For the transfer of completed houses
3. For houses sold during the under-construction period
Our Assumptions:
For the development rights, the developer raises a bill to the landowner and pays RCM @ 18% on the value of the houses (completed houses) at the time of handing over the houses to the landowner. During the handover of the houses, the developer raises bills to the landowner and collects 1% or 5% of the value of the houses. Is it correct?
We have filed GSTR 1A for the month of November 2024 in which we made mistake in invoice number, now we want to amend the GSTR 1A filed but system is not allowing for amendment, any remedies for this ?
Answer nowSir, If CGST is Rs. 15 lakh and igst is rs.5 lakh, then who will issue the scn. As per circular CGST limit is 10 lakh and CGST and igst limit is 20 lakh for superintendent. I am confused ?
Answer nowSir,
Required clarification regarding the reporting of B2C Large invoice in Table 5 of GSTR-1. As per the 53rd GST council meeting, reporting requirement in B2C large invoice threshold changed to Rs. 1 Lakh from existing Rs. 2.5 lakh. In that council meeting effective date was not specifically mentioned and notified that it was applicable when the functionality was available in the portal. One of my client, till January 2025, B2C large invoice was reported in GSTR-1 based on the threshold limit of previous 2.5Lakh.
Clarification required how can I amend the details in GSTR-1 for the financial year 2024-25. B2C large invoice should be normally reported invoice wise, while B2C others were reported state wise.
While going through the amendment column in GSTR-1, it is possible to ament B2C others by selecting respective month. How B2C large invoice should be updated in the return. As per the portal only amendment was possible by choosing the invoice number. Whether I can add new B2C large invoice which was already missed during the previous tax periods.
HELLO, my query is> dealer A sold goods to B but bill recorded in C in R1 in 20-21. How to reverse this. Can Credit note issue to Dealer C for reverse. Since itc benefit got C, but original buyer is B. Is there any other way to reverse. Can interest be added in Credit, as C benefit ITC for 4 years.Learned experts opinions are sought..Thanks
Answer now
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools
GST FOR MUTUAL FUND DISTRIBUTOR