sir,
A RTP(regular dealer) notice from gst department detailes mentioned below.
As per Section 17(5) read with Rule 42 & 43 of GST Rules, 2017 the following ITC reversals to be
made mandatorily.
S.No. Description of items 2022-23 2023-24
1 Exempted turnover 17607482.79 40757611.29
2 Total turnover 17607482.79 40757611.29
IGST to be reversed 77283
2465
The ITC which is not eligible for reclaim in future periods) shall mandatorily needs to be reversed in
table 4 (B)(1) of GSTR 3B return and the taxpayer is hereby requested to verify the above transactions once
again and reverse the ITC as per the provisions of the CGST/SGST Act as under:
Relevant Statutory Provisions of the GST Act and Rules, 2017:
1. Section 17(5): Blocked credits
2. Rule 38: Claim of credit by a banking company or a financial institution
3. Rule 42: Manner of determination of input tax credit in respect of inputs or input services and
reversal thereof
4. Rule 43: Manner of determination of input tax credit in respect of capital goods and reversal
thereof in certain cases.
Doubt:
Dealer notice received after procedure.

We entered with an agreement for 2 years for Furniture on RENT which the ownership shall be transferred to the LESSEE either after expiry of 2 years or upon pre-closure of the RENT AGREEMENT with mutually agreed terms.

Now , how to do the GST billing for transfer of the furniture ( by sale).

Example: Basic product cost of the Furniture on rent is Rs. 6,00,000. The principal value of the furniture per month is ( 600000/24 months) = 25,000.
The intrest agreed is 18% per year and total intrest for 2 year is ( 600000x 18% = 108000) Rs.2,16,000 and per month is ( 216000/24months )= rS. 9000 per month.
So total Rent per month is Rs. 25000 ( value of furniture) + 9000 ( intrest component) = Rs. 34,000 per month.

The LESSEE paid RENT for 4 months ( total Rs. 34000 x 4 = 136000). Now the LESSEE wanted to buy the furniture on its cost price.

Total cost price of the furniture Rs. 6,00,000
Less : Principal amount paid for 4 months + 25000 x 4 = 100000
Sale value of the Furniture is Rs. 600000-100000= 500000/=

My query is :


is Eway bill applicable for sale of the furniture ? ( the furniture on RENT was transfered through Eway bill with Delivery Note) and what will be the HSN /SAC code for this transaction.

Respected Expert,

We are doing business of data entry work for Outside India & we shall raise the invoice without GST against LUT & We are quartely basis.

Kindly advise how to file the GSTR 1 / IFF on monthly basis as we have not any business of B2B. we have made all sales outside india & made invoice NO GST against LUT.
OR
We have to file NIL return ?

Kindly advise

Hi Everybody,

I have summary value of 2A from GSTIN portal (Comparison sheet) as well as , month wise 2A document wise data , but after verifying both I cant match them on period wise i.e monthly ( whether filling month nor 2A month.)

please suggest me possible way to do the needful.
( for ex: as per summary I have Net FCM ITC of 2,00,000/-, but as per available 2A monthly data 3,35,000/-)

This is in reference to Application for New Registration submitted at GST portal.It is observed that details of following PANs are not matched with CBDT database.Kindly fill the details as per PAN details and resubmit the Form

We have received the above msg after approval of spice form. How to rectify pan mismatch in this situation. We didn't receive any msg from MCA regarding this. How can we recitify it. Kindly guide us

We are Providing Housekeeping and Manpower supply services to our clients.
-One of the clients want us to supply 20nos. dust bin to them.
-we are not trader as well as dealer in goods. so we have to procure dust bin from market.
-then we charge 2% management fees on overall value of dustbin and then raise invoice to our client.
The issue is what HSN/SAC code we need to put while issuing invoice to our client?
We can not use HSN code of dustbin as we are not trader/dealer but our client want us to put HSN code of Dustbin.
Can we issue invoice as Business support service?

Hello Experts,

How can I get a consolidated GSTR2A for a financial year?

Read more at: https://www.caclubindia.com/experts/ask_query.asp

few vendors issue invoice without stamp i.e. with only signature .

As per my knowledge GST act says it needs to signed ( there is no mention of affixing seal of the company)

Can we face any problem with gst department if we have invoice signed but no seal/stamp ??

dear expert please guide me
"My client purchased goods from ABC Company in FY 2018-19, and the Input Tax Credit (ITC) amount claimed was Rs 7 Lakhs.
However, ABC Company failed to file their GSTR-1 and goes for liquidation to NCLT , I received notice from the tax department demanding the reversal of ITC along with interest."
please guide me how i can defend my client

Sir/Mam,

We have export sales less 1.91 crore turnover fy 2022-23 , less than 2 crores we can file GSTr9 it is mandatory or not

Please guide it is less than 2 crore if we are not filed GSTR9 any problem.

Thanking you,