Dear sir,
A has raised a bill to B as follows:
Profession charge- 100000
Add GST @18% - 18000
Total Payable- 118000
Less Discount -10000
Net payable- 108000

In the Books of B - what will be treatment of 10000 as discount ?

Please guide me?
Regards,
Motilal Verma

In terms of Covid Relief in rate of interest was given by GST.
For February 20 total liability payable was Rs.35,42,354/-
of which Rs.28,00,000/- was paid on 24.04.20 and balance Rs.7,42,354/- was paid on 30.05.20.
As per notification no Interest was payable till 04.04.20. 9% was payable for payments between 05.04.20 to 24.06.20 and 18% from 25.06.20

For March 20 total liability payable was Rs.60,05,265/-
of which Rs.25,00,000/- was paid on 10.06.20 and balance Rs.35,05,265/- was paid on 27.07.20
As per notification no Interest was payable till 05.05.20. 9% was payable for payments between 06.05.20 to 24.06.20 and 18% from 25.06.20

My question is total interest payable will be how much month wise ?

We are selling Sarees online which attracts 5% GST, we are thinking of enabling the "Gift box" option where customer can choose that if they want to gift wrap the product.

We need to know the % for the Gift box (Carton box), and the % on shipping charges.

If Gift box attracts 18%, then Shipping attracts 18% or 5% (saree %)?

Can we issue gst invoice to registered dealer as unregistered dealer as requested by the dealer without the issuance of eway bill? Please clarify?

one of the buyer is sending our goods as Sales return. He is issuing e way bill but denying to mention the gst in e way bill. He is saying i will mention in delivery challan only and not in e way bill.
is he correct? we have sold goods with gst

We are storing our input materials in a warehouse for which we are paying rent on monthly basis. Is our GST certificate to be amended mentioning the Warehouse as an additional place of business?

If someone having registered under GST is running hotel having room rent arround 1000-2000 but total turnover during the year is less then 20 lacs during current financial year as well last 3 financial year is he liable to pay gst or he can cancel his gst registration ????

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

Dear Sir,

Need FORM XXI any one filled doc for reference.

what is Format of vehicle of vehicle No. In Eway Bill.
And whether any Fixed alphanumeric No. For Registration No. while mentioning in Eway Bill.

Dear Sir,

We being a corporate client has rec’d GST notices from FY19-20 to FY21-22 regarding mismatch in ITC claimed between GSTR - 3B Vs GSTR - 2A.

Background:
The client has not updated their GSTN in our record. As a result, we have reported all their sales under B2C sales in monthly GSTR-1 return instead of B2B category.

Now on client request, we have issue them confirmation letters saying that the said sales are treat as B2B sales and enclosed all taxable invoices of respective Yrs.

Request you to guide whether client would get GST input Credit for all the Yrs?

Regards,