in books, wdv as per inc tax is 1 lac, sale proceeds is 90k. so i got to pay gst on 10k ?
(dealer is small proprietor dealing in cloth)

my view --> yes. negative margin of supply has to be paid on gst rate on bk value / wdv as per inc tax

1. Whether a single truck owner carrying on the business of transport of goods comes under GTA?
2. When a transporter carries goods from instance from karnataka to maharashtra whether the tax is levied under igstor sgst and cgst?

Suppose Mr. Ram doing money transfer business. A customer comes to Mr. Ram and he request to Mr. Ram to transfer Rs. 100000 to his son's account. Mr. Ram charged 1% commission for this money transfer business. Hence Mr. Ram charge 1000 as commission from customer. Hence total of Rs.101000 received by Mr. Ram from customer and ram transfer Rs. 100000 to his son's account. My question is that what is the treatment for above commission and money transfer business under GST and income tax. Weather Rs. 101000 consider gross receipt and Rs. 100000 as expenditure and net Rs. 1000 as commission income in income tax. If yes than what is turnover in GST for the same. Please clarify the above case for both GST and Income tax.

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DEAR SIR
WE HAVE NOT PAID RCM TAX ON TRANSPORTATION FOR LAST TWO YEARS.
PLEASE SUGGEST ME HOW TO RCM PAID AND ITC CREDIT TAKEN NOW.

Respected Expert

Kindly let me know any chance to start E- Invoicing for exceeding 5 cr turnover w.e.f. 1-4-23 ?

Please provide reply as we are working of ERP system.

Your positive & early response shall be highly appreciated.

Sir,
A registered regular scheme dealer itc claim difference gstr3b vs gstr2b f y 22-23
Some months itc claim shortfall gstr3b vs gstr2b
Some months itc excess claim gstr3b vs gstr2b .
Question:
Dealer difference gstr3b vs gstr2b itc show in gstr3b for march-23 return compulsory

We exported services without payment of Integrated Tax under Letter of Undertaking as per Section 16 of Integrated Goods and Service Tax Act, 2017 read with Rule 96A & 96B of Central Goods and Service Tax Rules, 2017.

But we could not receive the payment within one year from the date of issue of the invoice for export of services, according to GST provisions related to exports and we have paid the tax i.e IGST along with interest.

Now we received the payment. Please do let us know, how can we claim refund of IGST paid along with Act, Rules and provisions.

Regards
Dinesh

Is e-invoice in GST mandatory for export of services irrespective of turnover? Our Turnover is less than 10 crores in each FY from 2017-18 to current FY.

We are GST Registered person. Our client is in foreign country and having their office in foreign country. They gave us a small amount tender, work is in 2-3 cities in India. Now while raising Sales Invoice, do we need to charge GST or not?. Also, do we need to file LUT (Letter of Undertaking? Whether IEC (Import Export code) is needed for filing LUT? Can we file LUT without IEC