my friend has converted from composition scheme to regular on 22nd feb. at that time the closing stock was 14lacs. when he was filing under regular scheme can he get input tax credit on the closing stock, if yes then what is the procedure.

Dear Experts,
Recently I have opened a branch in another state. However the sale will be made from both places I.e. head office as well as branch office. if branch has made the any sale then branch will consider the same in it's GST return. Pls clarify :- whether the branch sale will be clubbed in Head office books for income tax purposes,

Thanks
ASAP

Hi

I need to file GST return for the previous months. The return hasn't been filed since August. I understand that this attracts late fees plus interest of 18% but please help out with these queries-

1. Does the filing for August, September and October also attract late fees and interest or has it been waived off by the govt?

2. Is 5000/- the maximum amount which can be charged as late fees ? Is 5000 INR the maximum amount for the TOTAL TAX AMOUNT of CGST+SGST or is 5000 the maximum amount for EACH CGST and SGST separately?

3. Do I need to pay the late fee PER RETURN i.e. GSTR 1, GSTR 2 and GST 3 or just GSTR 3?

4. How should I calculate the late fees ? I read that the last date for filing November and December 2017 returns was 15th Feb so should I calculate it from 15th Feb @ Rs. 50 per day till the day on which return is filed?

5. Should I submit the returns online for each of the months first and then create challan for late fees and pay it or should I first pay off the total amount of late fees for all the past months together in one challan and then submit the returns?

Thanks a lot in advance. Your guidance will be a huge help!

Dear sir
Xyz company give a contract to A (A not covered under GTA) for goods load in a truck from the godown and unload in other site. For this work xyz pay rs 1000 to A. A have not any truck. A contract to B for that work (B cover under GTA). A pay rs 900 rs to B. B issue a consignment note to xyz company.
please guide me what action should be taken by A and B.

Is LUT can be filed online for non payment of IGST on export of services to foreign country? A dealer receives amount of 150 dollar which is credited to his bank account by foreign party,but the Indian party has not issued any invoice.Is he liable to pay IGST on the amount received?

one of my client is a chemist drugist retailer and was a normal tax payer for the period july to december 2017. He registerd as composite dealer from 1st jan 2018. he has not yet filed his gstr4. His yearly turnover is around 21lac.

My query is whether details of purchase is required to be given in gstr4 since they dont get ITC. Also, what will be his liability for late fee and whether switching to composite dealer beneficial to him?

Dear Expert,

While filing GSTR-3B for the month of September-2017 sales figure was over reported and in the month of December-2017 ITC was excess claimed. As per earlier circular of CBDT they said the any error in GSTR- 3B has to be rectified through GSTR-1 & 2 Only.

Now I find another circular issued on 29.12.2017 In this circular they allow to make adjustment in figures in next month(s) return.

Now my query is whether can I make adjustment in the April-2018 GSTR-3B return (which relates to previous year) and deposit the same with interest.

we have a godown on rent. godown owner not registered under gst. is there rcm to be paid by us on godown rent . if applicable then what is rate of rcm.

Please guide me on, whether GST is applicable to Employees Credit Co-Operative Society, if Taxable Services are less than 1,00,000 but Exempt services are above 20,00,000???

Dear Sir / Madam,

I have registered under GST Regime but I have filed NIL Return over whole year and Department has mailed us that your GST Number will be cancell due to NIL Return filed by us.

So Please Guide Me for reply under any GST FORM.