Respected sir,

WE ARE DOING DELIVERY OF DIFFERENT PRODUCT BUSINESS HOW SHALL I ACCOUNT AND I HAVE TO RAISE CONSIGNMENT AGREEMENT TO THE CUSTOMER OR HOW TO ACCOUNT THE INCOME WHICH IS RECEIVED IN OUR ACCOUNT. GST IS APPLICABLE . PLEASE GUIDE ME

Dear Member,
Please suggest the treatment of Prepaid and outstanding expenses under GST.

Thank,
Antriksh Mishra

Good afternoon Dear experts

Please Clarify My Query

In the previous month, what we amendment some party invoice Numbers those invoices numbers are showing as “No action taken on item” in the present filing GSTR1
Error report as “ No Action Taken On Item”
How to rectify this error in the present filing GSTR1

Thanks & Regards
Siva

For example
A company doesn’t have a policy of offering cash discounts to the customers at the time of payment, however, has supplied goods worth Rs. 100 to a customer who didn’t pay his debts. If this company now offers the customer a 10 percent discount in order to encourage the customer to clear all his debts, but the discount wasn’t agreed before or at the time of supply, and can’t be linked to a particular invoice, this discount will be added in the value of the taxable supply.

Example:

A m

supplier buyer

A offering to M 10% discount for getting prompt payment at the year end:

1.No prior period agreement

2.Can not trace bill wise.

For this at the year end, A issues to M a credit note( without charging GST).

Query 1: This discount amount is taxable income from the part of 'M'.

2: If its income, How can pay the tax by 'M'.

Kindly give reply in detail...thanks in advance

HI,

We have trading unit in delhi and going to open manufacturing branch in haryana also.
Is Separate GST Regn. is required for haryana branch. All operation will be done from haryana directly.

Please reply.

Thanks & Regards,

Seema

We are Pvt.Ltd.company & having trading business & paying GST regularly.
We have incurring charity expenses, like as, paying donation, poor needy person
hospitalization, temple , mosque construction, repair works, exp. on garland,flowers,
prasad distribution, grain exp. to poor people., etc.

These above exp. are incurring from us and we debiting these exp. to donation in
profit & loss account. Exp. are from unregistered suppliers.

Now GST registered person purchase from unregistered person are not taxable
under RCM till 30.06.18.( suspended )

My query is after 30.06.18 can above exp. are taxable under RCM


You are requested to please give guidance . Pl. this matter is most urgent.


Regards

Rajkumar Gutti

Hi,

We have Automotive Repairing Business. We have raise an Invoice of Rs 58000/- to Insurance Company and Insurance Company have paid settlement amount Rs.35000/- .

In this case we have raised Original invoice of Rs. 58000/-. But we got full and final settlement amount 35000/- .
On which amount we will pay gst?
and what about difference amount ?
how we can adjust it ?

Kindly suggest me.

Whether ITC would be refunded if the supplier supplies electricity which doesn't come under the ambit of gst law or it should be the part of the cost of production of electricity?

Dear Sir,
I am a registered dealer under work contract.but now I AM supply vehicle to tea garden for carry goods. In this case shall I take a fresh registration for that? Or I can use same gst number?

Thank you

Dear Experts,
Requesting you to please send a proforma letter for Correction in place of business.

Instead of address, address of Proprietor was given,

Pls send it on mail cavinayreddy@icai.org or on whatsap 7569989230