Dear experts,

we are running a pvt. ltd. company in IT service. As we are exempted in GST in import of services no output in gst occur in accounting, but we are receiving services from local vendors like electricity, internet etc. they are charging gst on us. how can I get the input credit or refund the gst amount.
for example:
internet bill 40000/- & gst on that 7200/- total 47200/- payable to vendor. now should I pass the accounting entry like:

internet bill (p/l) dr. 40000
input gst (current asset) dr. 7200
cash/ bank cr. 47200

in balance sheet under c.asset will show input gst 7200/-, should we get refund 7200/- on gst return?

pls help

Hi
Does new business which has not commenced it's business yet submit only GSTR 3 (MONTHLY RETURN) only without submitting GSTR 1 and GSTR 2 as there is no inward and outward sale

Thanks

I have one branch in MP and one in CG and both having separate GSTIN. My MP customer deposit advance in my CG bank account, now I am raising invoice from MP against that advance. Advance voucher is to be created under which GSTIN and can I adjust that advance in sale made from MP ? Please advise...

Dear Sir

I deal in flex printing & advertising works. Kindly suggest - what shall be the hsn/sca code of the commodity/service ?

Surjya Bhattacharjee
Tinsukia.

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B Ltd paying Rs. 500 per watch to A LTD.

Now Can A Ltd issue single invoice to B Ltd for all the supplies made on monthly basis ??

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Can we issue goods under delivery challan.
How to deal with such type of transactions under GST ?
Pls express your views..

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