Dear Sir/Madam,

would like to know from when is e-invoicing applicable to a company if the turnover of the company in the current financial crossed 5 crores mark in the month of October 2023 and the present turnover is 11 crores, where as in none of the previous financial years it was never above 3 crore mark.

Do we need to start the e-invoicing with immediate effect or do we have an option to do it from 1st April 2024?

Request you kind advice on the same.

Thanks in advance.

Regards
Mohith

sir

RCM on Rent for Commercial Property is Applicable ,
if applicable , date and notification details

Dear Expert,

We have paid custom duty including IGST part on 24th Feb, 2024 and IGST is showing in our 2A, and the material has arrived at Factory premises on 03rd March 2024.
Pls resolve the below queries :-
1) In which month we have to take ITC.
2) If it is March-24, should we show the IGST in Table 4(b)(2) - Temp reversal or reduce the available IMPORT IGST by this amount.
3) during re-claimable in which tables we have to show this amount.

Kindly advice

Sir,
I have no IGST input credit in February 2021, but I want to reverse a previous month IGST ITC which was ineligible. Can I reverse it as negative value in table 4c of GSTR 3B .Please reply
Regards

I am a composition dealer. I have not filed my GSTR4 from FY 2019-20 to FY 2022-23. However I have paid tax in CMP-08. I did not take advantage of the amnesty penalty waiver. Now I have to file my GSTR4 yearly return but it is showing penalty of Rs 10000 for per return. I cannot afford to pay Rs 10000 for 4 years i.e. Rs 40000. Is there any way to waive the penalty or can I make appeal for condonation delay or something like that. Also want to ask, what if I file the GSTR4 with some gap time like one after, two month after one by one. Will my GST registration get cancelled if I dont file GSTR4 presently. I have filed upto date CMP-08 with paying composition tax amount.
I am very nervous and depressed due to this penalty amount. Please help me with your advice.
Regards

let x ltd is the business engaged in bus travelers and their tickets are booked through online platforms y ltd like redbus or Abhibus etc here Ticket price is 1000+5% GST charged to the customer will be received by y ltd. y ltd will deduct their platform commission of 10% which comes to 100+18% gst = 118
here y ltd will collect 1050 and remit 932 to x ltd (1050-118)
from the above case y ltd should disclose its income as 100 +18% gst but if in case y ltd has not disclosed the full amount 100+gst instead, they disclosed 50+gst in their GST returns
In this case, how does govt have a track that the income is leaking here and there is no control ( specifically by notification tds u/s 194h is not applicable in this case )
how can govt track a case like this or what are the possibilities to track this leakage.

Dear Experts,
1 A company raised the purchase order its servoce providers towards availing the Advertisement services
2 At that time, the service provider was a GST registered person.
3 After that, the service provider's GSTIN was getting cancelled.
4 Now the supplier has raised the invoice without leving the GST components.
5 In this case, whether RCM will be applicable for this transactions or not?
6 Pls clarify

Whether refund of same ITC can be claimed under both the scenarios
1)Inverted Tax structure
2)Unutilized ITC on account of Zero rated sales(Exports)

Sir, I am trader as well as service provider registered under GST & recently become sub-broker for dealing in Share market / opening Demat / Mutual fund etc & earned brokerage from that activity.

please guide as asked by Principal - Issuing GST tax invoice - where to mentioned in GSTR-1

Further, I have credit/cash balance in GST ledger but principal asked copy of Challan for payment of the same.

Guide with procedural aspect too.

Sir, I have to file my updated ITR for FY 2022-23 having business income. May I switch to new tax regime ? And another updated ITR for FY 2022-23 having salary and Interest income only. In both cases whether I can file Form 10IE ?