Hi sir,

My friend recently started the petrol business, he bought some assets for the business, can we claim input gst on those assets, the assets are meant to business only. Please advice me on this, I have little confusion regarding this. Thanks in Advance.

Our co has purchased material from mr A but actual goods are not received and mr A asks our ourganisation to sell back its goods with 5% margin..
And our co has recorded this 5% margin as income (neither it recorded purchase nor recorded sale) now the question how the gst will be recorded on this margin as output gst aur input gst is to be lower down?

Dear Sir,
We have exported in the Financial Year 2019-20 & 2020-21 with payment of IGST. Previously, we were getting refund automatically . From the above Financial Year we are not getting IGST refunds.
What procedure to be adopted to get these refunds for the GST Department, please clarify.

We are issuing the Work orders and PO' s to our Vendors by mentioning PRS Clause(Price Reduction Schedule) which is applicable to impose a penalty if any for the delay in execution of the awarded Job or supply. In one of the cases, Our vendor has supplied the material in which there is a delay has occurred and we asked him to provide the Credit note towards the delay amount but he has not agreed and did not provide the CRN. we have processed the bill and made the payment by holding the PRS amount. Even after several reminders also he has not served the CRN. Now we want to close the issue by crediting our Expense GL. This issue is 2 years old and we have taken the ITC for the full amount of GST paid against the Actual Invoice in the year of payment made.
it is requested to kindly suggest if we credit the amount to our expenses GL, what will be the GST issue arise? Can we make the GST payment against the Credit amount in this year?
Pl. advise.

we are Gujarat based entity. Gujarat Government has given well cleaning work contract to Tamil Nadu based company. We are working on sub-contract for that Tamil Nadu based company. We are providing well cleaning service. Wells are situated at Gujarat only. Sir, I have doubt that whether we have to charge CGST/SGST or IGST? Further we had charged IGST till today and if CGST/SGST is to be charged whether we have to pay tax along with interest and penalty?

We have a material handling and transport contract. We are principal contractor. We purchased diesel from IOCL and issued to sub contractor on recovery basis. We paid VAT to IOCL. We have debited to sub contractor exactly actual cost of diesel as per IOCL invoice. Does this debit note attracts further GST Or VAT?

Hello Experts,

I have some questions regarding the reversal of ITC.
I have and Invoice of which is issued in the in the month of April-21. I have Availed the ITC of the Invoice. When should i reverse the ITC under following Circumstances.

1) Invoice of April-21 itc availed in the April-21 Month return, Payment made in Dec-21.
2) Invoice of April-21 Itc Availed in the Jan-22 month Return. Payment made in Jan-22
3) Invoice of April-21 ITC availed in Aug-22 month. Payment made in Aug-22 but under retention clause 10% payment made in the Jan-22.
4) Invoice of April-22 ITC is not availed but payment not made till 18-Feb-22.

Kindly Help as what amount to reverse, when to reverse and how much interset is to be paid and also how the interest is calculate in all the cases.

Thanks in Advance.

How to raise eway bill for donation of goods to hospitals as CSR ? I understand transaction type shall be others. But shall we need to put document number also?

Dear Friends

My kindest regards to all of you.

I would like to know whether any software for making GST Refund Application is available in the open market through we should be able to make the application for GST Refund easily.

PLEASE GUIDE ME AND OBLIGE.

Dear All, Kindly suggest HSN code for E-waste ( old laptops & desktop) disposal as in portal the code is only two digit that is "85" . Kindly suggest

Thanks