Dear all,

I have purchased a capital good for which I have taken depreciation under IT Act @10% however as per section 16(3) of CGST Act, I am not eligible to take input tax credit of GST charged on such capital goods as I have taken depreciation on the same.
My query is whether I am ineligible to take the ITC of only 10% of such tax component (GST component) or I am ineligible to take the whole of tax component (GST component)?

Can anyone please let me know about the effect & journal entries in books in relation to a transaction on which gst was paid previously but subsequently that transaction is cancelled. And whether in that case whole amount including gst be refunded or only net amount to be refunded.

please advise on procedure for exemption for export in clearing and forwarding busines

Goods imported under GST regime were found to be defective. These are now to be returned to the foreign supplier.
the foreign supplier will issue a credit note against it and will send send fresh invoice for the correct goods to be sent.
What will be the applicability of GST.?
How will reversal of input claimed at the time of purchase will be done?

My firm is making mainly two activity
one for trading activity and other let out property for commercial purpose .
for trading activity my firm taken GST registration but for rental income is monthly Rs. 30000/- per month so my firm not obtain GST Registration and also not charged GST on rental income . whether i have to charge GST on Rental income even if rental income is below rs. 20 lacs .

We export a readymade garments from Ahmedabad .

Process are below mention for Export
Ahmedabad branch not taken a BOND or LUT for export.
Ahmedabad Brach send goods to Mumbai Branch
then Mumbai branch send to Export Party against LUT without payment of Tax.

My Question is Ahmedabad branch send to Which Party (if Mumbai Branch or Export Party) . and Ahmedabad Tax Invoice applicable or not when send Goods to Mumbai Or Export Party.

Dear expert,

We would like to know that one of my client ask me about GST credit, if i am giving GST invoice to party at that time he was applied for GST No. in Nov 17and he got his registration no. in Dec 17. After he call me and give his GST No. for update. I update his GST No. in my system. Can party take GST credit of Invoice made in Nov 17. Please advise me.
Thank You

Hello Sir,

Our one of client is trader of electronic items.
For claiming Stock credit we have have submitted TRANS-1 but for the stock for which We do have not an excisable invoice, how to claim deemed credit?
While submitting information in GSTN portal table 7(a) in Trans-1, when I am selecting NO option for invoice, portal showing eligible credit as ZERO.

Here, my question is how to proceed further? And when we can use this credit since our client is saying that we have sold almost all items appearing in stock for which we are going to claim credit.

Thanks In advance for your technical support

Dear Expert

we have running a retail shop F Y 2016-17 Turnover is Rs 1400000/- when i registrar in GST taken regular scheme, now
can i change in Composition scheme from 01.12.2017 what is the procedure

Thanking you

Respected Experts,
GOOD MORNING.
RCM is suspended in 31.03.18. But, section 9(3) is RCM must payable in notification. what is the section 9(3) - expenses. kindly reply the expenses list.