Respected Seetharaman Sir,
(A) I have output GST liability as IGST - 20000 CGST - 4000 SGST - 4000 I have credit ledger (ITC) as IGST - 22000, CGST - 1000SGST -1000 I have cash credit as IGST - 1000 CGST - 500 SGST -1300 can I offset IGST liability by using 1000 cash credit, so 20000-1000 -19000. So credit balance available as IGST is 3000, which I will utilise to offset CGST and SGST liability CGST - 4000-1000-500-2500 (from IGST credit balance) SGST - 4000-1000-1300-500 (from IGST credit balance) so tax to be paid is only SGST - 1200 Is this correct as shown in (A) or (B) I have to first offset IGST only by IGST credit balance only and till such time I can not use cash IGST balnce to offset IGST liability and hence IGST credit balance cannot be used to offset CGST and SGST liability. Please guide.

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Respected Experts
Please Guide on the following
GSTR 3B of October 2021 (Monthly Filing) is being filed now in January 2022
GST Payable for OCTOBER 2021
CGST Rs.15000
SGST Rs.15000
Total Rs. 30000
Input Tax Credit
Input CGST Rs. 2100
Input SGST Rs. 2100
Total Rs 4200
Interest to be paid should be calculated on Rs 30000 or on (30000-4200)= Rs.25800
And at what rate is Interest to be calculated.

Thank You in Advance

Sir
One of our client received Asmt 10 regarding mismatch between GSTR-3B and GSTR-2A for the AY 2018-19. The difference GST was less than 10%. The difference value available in the next AY 2019-20. Please let me know how to reply for the same in ASMT-11. According to notifications the tax claim +/- 10% eligible for the year AY 2018-19.
Please clarify

Dear Experts,

I have make the payment of GST liability on 20.01.2022 for Dec-21 GST Return. Payment reflected on GST port on same date but some reasons I have enable to submit and filed the GST return for Dec month.

Still interest is applicable for late filed GST return?

Thanks

Respected Sir,
(A) I have output GST liability as IGST - 20000 CGST - 4000 SGST - 4000
I have credit ledger (ITC) as IGST - 22000, CGST - 1000SGST -1000
I have cash credit as IGST - 1000 CGST - 500 SGST -1300
can I offset IGST liability by using 1000 cash credit, so 20000-1000 -19000. So credit balance available as IGST is 3000, which I will utilise to offset CGST and SGST liability
CGST - 4000-1000-500-2500 (from IGST credit balance)
SGST - 4000-1000-1300-500 (from IGST credit balance) so tax to be paid is only SGST - 1200
Is this correct as shown in (A) or
(B)
I have to first offset IGST only by IGST credit balance only and till such time I can not use cash IGST balnce to offset IGST liability and hence IGST credit balance cannot be used to offset CGST and SGST liability.
Please guide.

My client is registered dealer in GST sells wallpapers. He wants to donate Wallpapers to a Temple and will get benefit of 80G Deduction. As this is Donation and not regular Sales therefore there wont be any GST charged on such Donations.
Will the Donation attract GST ? Should my client issue bill for d same?

IN GST AUDIT EARLIER AUDITED AND CA CERTIFIED FINANCIAL STATEMENTS WERE ATTACHED, BUT IN F.Y. 2020-21 GSTR 9C IS TO BE SELF CERTIFIED BY TAXPAYER. SO NOW QUESTION IS FINANCIAL STATEMENTS TO BE ATTACHED IS SELF CERTIFIED OR CERTIFIED BY CA ?????

Dear Sir,

My Company purchase Raw material from Chennai on 31.12.2021 , bill date is 31.12.2021 and when customer file GSTR1 the bill also in GSTR1 and showing in my GSTR2B for the month of Dec-2021.

But the above material we received on 3rd Jan-2022 and booked in our books in Jan-2022 because we taken ITC on receipt of goods.

now question is here my Dec-2021 ITC mismatched with Dec-2021 GSTR2B and also Jan-2022 mismatched .

So pls guide correct treatment for in transit material on closing dates.

We have partly exempted and partly taxable sale of goods and services
we have purhcased capital assets during dec21

now rule 43 apply

so we can taken all inputs of capital assets during the dec21 3b OR taken only upto dec21 taxable supply ratio.

as per rule 43 in next 59 months (divided capital assets input in 60 instalment ) and reversed each instalment
in the ratio of exempted supply in respective month

interest will also payble upto 59 month for reversal @18% PA showing in outpux tax liability

please guide us
Thanks in advance
regards
RAJEEV KOOLWAL

Dear Professionals, Good Day... Our company GSTN has cancelled its being near about one year due to return not filed so far that too since covid started no business performance has been done, as per calculations there is some around 18k penalty has occured and we are ready to pay penalty but now we want to resume our business and we need our GSTN back, could you please suggest us exactly what we need to do. Thanks