PUNEET ARORA
This Query has 3 replies

This Query has 3 replies

can we claim Gst input on purchase with concession Rate @ .10% for Export Sale.


CA Sudeep Singh
This Query has 2 replies

This Query has 2 replies

17 May 2021 at 16:14

GST paid on purchase of vehicle

Whether gst paid on purchase of vehicle whose value exceeds Rs 10 lakhs would form part of cost of vehicle for the purpose of computing depreciation?
Also kindly let me know what would be accounting treatment of various other taxes paid while buying the vehicle.


Kollipara Sundaraiah
This Query has 3 replies

This Query has 3 replies

Sir,
A gst registered regular scheme dealer trading of 5%tax rate taxable goods purchase from urd person value rs:80,000/- through on self e-way Bill generated dt:28-04-21.
Question:
Dealer purchase of taxable goods from urd person rcm applicable and rcm challan payment compulsory.
2.dealer above purchase of taxable income and sales for one same month show column no in gstr3b return


MAKARAND DAMLE
This Query has 4 replies

This Query has 4 replies

17 May 2021 at 11:53

AnnualReturn

Turnover is as follows
F Y 17-18 Rs.2,18,35,726/-
F Y 18-19 Rs.1,44,14,701/-
F Y 19-20 Rs.1,02,92,054/-
All Intrastate supplies

My question is what is the applicability of Filing GSTR 9 & GSTR 9C for above financial years


CA Sudeep Singh
This Query has 4 replies

This Query has 4 replies

17 May 2021 at 04:30

GST on charges by the banks

If an assessee isn't allowed to take itc on gst paid on bank charges, then, whether the assessee is allowed to charge full amount (bank charges plus gst paid there on) to P&L A/c?


Pragna Marfatia
This Query has 2 replies

This Query has 2 replies

I have credit of (current ITC and Ledger + cash credit) as given below:

IGST - 4500
CGST - 900
SGST - 5800

I have to pay tax liability, say as given below:
IGST - 10000
CGST - 1500
SGST - 1500

So as per new set off rule,
IGST liability of 10000, to be set off using ITC of 4500 of IGST+900 of CGST+4600 of SGST

Then my credit will be only for SGST - Rs. 1200

So I need to pay tax as CGST - Rs. 1500, SGST as Rs. 300 (1500-1200).

I will be greatful if you can guide as to this understanding is correct.

Regards,


V
This Query has 2 replies

This Query has 2 replies

14 May 2021 at 15:12

GST TDS credit to be claimed

Two parties (Say A & B) have deducted GST TDS for the same Tax period. However, only one of the parties (A) has filed GSTR 7 for that Tax period and thus only part amount (TDS deducted by A) is available while filing details for TDS credit received claim. Can we claim TDS paid by another party (B) at later date when GSTR 7 will be filed by B for same Tax period ? would that entry will be available for acceptance while filing TDS details for subsequent tax period or we have to wait for both the entries and file the TDS claim once all entries are reflecting ? Please suggest any other alternative available to claim TDS amount reported by A without waiting for TDS details from B, as it will block working capital unnecessarily and also causing unwanted delay in compliance required.


Mantu Agarwal
This Query has 1 replies

This Query has 1 replies

Dear Expert,
I had purchased and capitalised a DG Set in Dec-18 and availed GST Credit.
Now that assets is burnt out in fire and completely destroyed therefore I have decapitalised the same and booked WDV value as loss.

My query is how to calculate reversal of GST? Will it be WDV value or something else?

Thanks & Regards,
MK Agarawal


Hemkumarpro badge
This Query has 1 replies

This Query has 1 replies

One Partnership firm having 2 partners is registered as composited dealer in GST Now one partner expired, whether firms GST number need to be surrendered ? and what about stock in hand as on the date of death of the partner ?


Vijaikarthick Selvam
This Query has 5 replies

This Query has 5 replies

11 May 2021 at 12:43

GST % for Data entry works

Hello,

Kindly advise, % of GST for data entry work [offshore - sub contract].

Thanks





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