What is the Journal entry for Reversal of Input Tax credit ?.

hello everyone

i am selling products through amazon.

while delivering order the bill that is sent to buyer includes product charges and shipping charges ,adding gst to both of them.

while filing gst return besides product sale am i required to take shipping charges as well as my sales or not.

we are collecting gst @18% on both shipping charges and product as well.

amazon takes shipping charges back while charging its commision as well whose input is also available to us

Hi Sir.
Need an expert advice on the following query.

A newly opened fast food outlet offering
Freshly prepared Waffles, Pancakes ( chocolate as well non chocolate coated), Burgers, Wraps/ Rolls, Sandwiches, Shakes.

Mainly sell on Zomato and Swiggy. These portals have started imposing gst on all the customers from Jan 1.

Now all the above items attract different rates of GST, which makes it very difficult.
Average expected revenue is 5lac per month.
Can we opt for the composition ?
Means 5% on all without ITC?
And if we don't opt for the Composition (or it's not available to us), will we be entitled to ITC?
Kindly help.

Thanks & Regards.
Rajinder Goyal

1) Export is under Letter of Undertaking without payment of IGST
2) Export invoice includes:
a) taxable value of goods(separately)
b) CIF amount (charged and shown separately in export invoice)

Query:
I read somewhere that in case of CIF export, amount of CIF charges forms part of value of goods and export of goods becomes composite supply.
As per my understanding, (1) as export is under LUT (without payment of IGST) and (2) CIF charges (though charged and shown separately in export invoice) form part of taxable value (as it becomes composite supply), GST is not payable on CIF charges.

Kindly advise whether my understanding is correct. If it is not, kindly guide.

hello everyone

i am a kurti wholesaler registered in rajasthan under gst.

i want to sell handmade choclates under the same gst via amazon.


can i do it.if yes what sort of amendment am i required to make in gst portal. and how?

kindly reply its urgent

thanks in advance.

MY 10 % GST REFUND IS PENDING , IS IT DUE TO NON SUBMISSTION OF PMT 03 AND HOW TO FILE IT BECAUSE NOT FLLING OF APPEAL BUTTON IS INACTIVE

Respected Members,
I have a query, for a builder on sale of underdeveloped house and charging GST at 5% (without ITC), here without ITC means ITC credit won't be available to builder on his purchases (inputs) or buyers of house cannot claim ITC?
I already had accumulated ITC in credit ledger, in case if it no ITC to builder, when i'm filing GSTR 3B credit balance gets set off against liability not cash then how without ITC i can make GST payment? Please Help

Respected Experts, we are manufacturer and our buyer always inspect the goods quality before dispatch. We are facing a problem that we have issued invoice to above buyer on dtd. 28-12-2021, but didn't dispatch the material. Now we have dispatch the goods on 04-01-2022.

Sir, my query is that in which month GSTR-1, we should show the above invoice, either in Dec-21 or in Jan-22.

Kindly advise.

My friend purchased goods for building his own house and provided his GST no by mistake. Now ITC is reflecting in his GST portal . what to do

Some confusion in refund of GST INVERTED DUTY STRUCTURE.
Input (purchase) is 5%, 12%, 18% & 28%.
Output is 5% & 18%.
Now my question is as under for which value mention if RFD-01.
1 which value consider in Turnover of inverted rated supply of goods and services ?
2 which value in adjustment total turnover ?
3. Can I count 5% in net input tax credit ?
Please help me.