Sir / Mam
I am going to start a new trading business for which i have to buy the construction materials for example, today.
I can get GST Number for my business only after 20 days.
I need my inputs.
Here, how to i get invoice from my supplier?
Or Can i get invoice after obtaining the GST Number?
Plz advise me
thanks in adv

Dear sir
We have purchased goods in vat regime and itc taken , huse amount creditor balance w/off
in gst regime
whether vat credit reversal in the proportion of credit balance w/off in GST regime

Thanks in advance
we thank full if please guide
Regards

Sir/Mam,

We are preparing Export Einvoice with out payment of Tax in JSON Preparation sheet, What is HSN codes for Sea Freight, Airfreight Insurance Code to fill up in the json Sheet.

If Freight without HSN , Can I take Freight charges in other charges.

Please kindly guide me.

Thanking you,

Dear Sir / Madam

RCM rate will be 5% or 18% ? Kindly reply.

I have received the following mail from the department

Dear Taxpayer,

It has been noticed that while filing GSTR-4 of the FY 2019-20, you have inadvertently either
not filled up table 6 of the said return, or filled up zero values therein, even though you have paid the liabilities for the year through Form GST CMP-08s filed on quarterly basis. Therefore, to nullify the undue credit, the excess amount credited to negative liability statement has to be debited. In case where the amount so credited in negative liability statement, has been utilised; the recovery of amount so utilised is being done by debiting the amount in cash ledger. If sufficient balance is not available in cash ledger, the negative balance in cash ledger shall be adjusted out of the amount deposited through challan.

You are, therefore, requested to:

Deposit the amount equal to the negative balance in cash ledger urgently, in case there is a negative balance.
In case you have already paid the amount, now being debited in cash ledger or negative liability statement by including the same in any return/statement, the same can be claimed as refund by filing refund application in Form GST RFD-01.
Inconvenience caused is regretted.


THE SITUATION WAS

I am having -5207 each in sgst and cgst in my electronic cash ledger now
i made the mistake in GSTR-4 of FY 19-20, they said u have no tax due and returned the amount, which i didnt utilised
during first quareter of FY 2021-22, my sale was of 1,00,000, tax due was 500 each for SGST and CGST, but i declared that tax due is 500+5207 = 5507 each for sgst and cgst.

now cash ledger showing negative balance, please help what to do
thanks

Hi All

I am constructing a building on a plot of land owned by me. Total number of flats will be 14 and out of that I will sell 8 flats and will keep 6 flats for myself.

For construction, I will appoint a contractor.

What will be the implication of GST on 6 flats kept by me for myself?

Thanks in advance.

Due to non submission of information of outward supplies in Table 6 of GSTR 4 for FY.2020-21, we had negative liability. But we have not utilised the negative liability but discharged the tax through DRC-03 on quarterly basis. Since, we have filed the return ever quarter, the negative liability is automatically adjusted and the same is reappearing as negative cash in the e-cash ledger when GSTR 4 for the year 2021-22 is uploaded. Kindly provide any solution to this please.

A car purchase and resale to emplyee at the time of his retirement at cost below its book value as per the Balance sheet after giving effect to holding period deprectiation.
So whether GST has to be charge on the sale value on not ?
As the sale value is lower than its current book value
E.g purchase cost 50lakh
Deprecition 20lakh
Book value 30lakh
Resale value 28lakh

I have received the following mail from Department

Dear Taxpayer,

It has been noticed that while filing GSTR-4 of the FY 2019-20, you have inadvertently either

not filled up table 6 of the said return, or
filled up zero values therein,
even though you have paid the liabilities for the year through Form GST CMP-08s filed on quarterly basis. Therefore, to nullify the undue credit, the excess amount credited to negative liability statement has to be debited. In case where the amount so credited in negative liability statement, has been utilised; the recovery of amount so utilised is being done by debiting the amount in cash ledger. If sufficient balance is not available in cash ledger, the negative balance in cash ledger shall be adjusted out of the amount deposited through challan.

You are, therefore, requested to:

Deposit the amount equal to the negative balance in cash ledger urgently, in case there is a negative balance.
In case you have already paid the amount, now being debited in cash ledger or negative liability statement by including the same in any return/statement, the same can be claimed as refund by filing refund application in Form GST RFD-01.
Inconvenience caused is regretted.


At present my GST account shows negative cash ledger balance of -5207 and -5207 with CGST & SGST respectively.

Earlier during the first quarter of FY 2021-22 it showed 5207, 5207 in electronic cash ledger. So when i filed my CMP-08 for that quarter, I added 5207 along with the due tax amount

For Example my sale was for 1,00,000 , In tax section I file 500+5207 = 5707 as cGST and 5707 as SGST.

Please help what to do now as it is now asking for 5207+5207 = 10414

I have not filed my annual return for 2021-22 yet, and i am a composition dealer

Thank You

I have a query . Transporter unregistered but giving LR , RCM applicable ?