IN FY 18-19 WRONG ITC CLAIMED IN GSTR 3B (IGST CLAIMED INSTEAD OF CGST AND SGST).
QUESTIONS ARE
(1) IF RIGHT TAX NOW PAY AND CAN CLAIM REFUND ?
(2) INTEREST APPLICABLE ?
(3) PENALTY APPLICABLE ?

INFORMATIVE MATERIAL (1) SECTION 77 OF CGST AND SECTION 19 OF IGST (2) RULE 89(1A) (3) NOTIFICATION 35/2021 (4) CIRCULAR 162/18/2021

WHAT WILL BE SCENARIO RIGHT NOW ? BECAUSE IN CIRCULAR AND NOTIFICATION "ONLY FOR TAX PAID", WHAT ABOUT ITC ?

THANKS IN ADVANCE

Assessee is an LLP Firm in the business of making music videos.
He has approached an investor to invest in his video for completion & distribution of song & in return a % of revenue will be shared with the investor.

Query 1 - Is GST applicable on the above transaction at the time of Investment inflow (for Assessee) & revenue sharing outflow( for Investor), if YES under which HSN code ?

Query 2 - If GST not applicable, then how the same will be shown in BOA at the time of investment incoming & when the revenue start generating (outflows) at the time if sharing of revenue in the said song. for both Investor & Assessee.

What are different types of return under GSTR-9 ?

To claim ITC, the buyer should pay the supplier for the supplies received (inclusive of tax) within 180 days from the date of issuing the invoice. If the buyer fails to do so, the amount of credit they would have availed, will be added to their output tax liability.

pl clarify above with example

we raised credit note in gstr 1 , so should we update HSN NO belongs to credit note too.
is there any option for hsn wise updation for credit note as credit note auto populated in gstr 1

Dear Sir/Mam,

One of my client is into Art business in India and is registered under GST has sold his painting abroad and received the amount in India after conversion of currency in Indian rupees.

I want to know what is the impact of GST on International trade and do he has to pay GST on the amount received from abroad.

Also incase of Income tax, is there any seperate calculation he has to do or this sale will be clubbed with his domestic sales.

Please help me in this matter.

Regards,
Divyesh Jain

SUPPOSE X SHOWN B2B SALES OF AMOUNTING RS. 100 IN HIS GSTR-1 AND ALSO PAID TAX IN GSTR-3B LATER ON HE AMENDED THAT INVOICE AND MADE TAXABLE VALUE AS RS.0

IN THIS CASE WHAT ABOUT TAX PAID ON THAT SALES, PLEASE GIVE SUGGESTION AND IN MY POINT OF VIEW CAN I ADJUST IT IN GSTR -9 IF, YES HOW?

Hi,

Need help on availment of input credit on Gst Invoice of Renovation of work done of factory flooring and walls in my company.

Can i claim Itc as i have considered the same under fixed Assets under Factory Building

Kindly revert with valuable answer

Thanks

whether GST input can be set off
First completely set off IGST and
CGST and SGST set off in any ratio from IGST
CGST and SGST inter adjustment adjustment not possible.

Please......... can anybody tell me how to file GSTR10 now, while the registration was cancelled 3 years back with no tax liability.

Again what could be the proof of paying GST as GSTR1 & GST 3B all were filed with due tax payment.