hi,

i am from a trading business. my company deals in a various product. i got confuse in one transaction we are doing.

we are agent for MNC company and company sells all its goods through agents only. credit period allowed to customer for payment of purchase is 10 days.

now what we do we pay before 10 days to company on behalf of customer (for which we got incentives). and ask customer to pay us with in that 10 days. If customer fails to pay us with in 10 day form the date of purchase we will charge interest on the purchase amount @18% P.A. so my queary is whether we have to add GSt in the interest we charged or only interest amount to be collect.

please reply

we have filed GSTR3B of sept 17 but with some mistake like zero rated export sale with IGST paid wrongly shown under local sale. Can we rectify the same as came know that GSTR3B edit option will be available soon in GST portal?

I M a trust which provides renting service of a hospital now we create a contract between hospital & trust to develop a land for cycle stand(trust is land owner) now that is new service by us to hospital i.e work's contract now different input credit we are book on cement,steel & misc for works contract now can I utilise that credit to pay Gst on renting service,till date we are not issue works contract bill.

what will be the treatment of discount received given by the company.? one of my client is receiving cash discount from its creditor thereby issuing the credit note of the same and journal entry is passed as debiting creditor account and crediting discount received account. How will I show such credit notes in Gstr 3B ?? please answer .

By mistake my GSTR3B is submitted without entering the values of Eligible ITC. Hence, I am unable to offset the liabilities using Electronic Credit Ledger. Is there any option to claim the ITC in future?

Dear Sir

Can I convert sole proprietorship to partnership firm through Core Field ?

If Yes , please suggest procedure
Thanking you
BIKASH RAI

I am unable to get ITC for september as there is Save/Action on Counterparty Error. I am unable to update invoices of purchase in GSTR 2. Please advice.

We are a Manufacturer cum merchant exporter. normally we works on Advance Payment both on domestic or exports.till now GST is applicable on Advance received. but i come to know that GST on advance received is abolished in 23rd GST Council metting. Please let me know whether it is correct or not. If correct please give the reference notification/Circular no.

Thanks & Regards
Hari Krishna

by mistake I have taken more ITC in GSTR 3B for October but not adjusted against gst paid. Can I carry over the extra ITC and deduct it in November 3B ?

if we have online training into India from Howard University then will be IGST applicable on service and we are registered College under GST