Respected Experts,

We are manufacturer and file GSTR-1 & GSTR 3B on monthly basis. Presently, we are very confused that what will be the basis of ITC. Let suppose our total ITC in books in Dec-20 is around 22 Lacs.
GSTR-2B shows around 18 lacs, in which some traders have not filed their GSTR-1. So how many ITC we can claim?

Also, guide us we have to file our GSTR 3B on 2B basis or 2A basis, if 2B basis, what will be the roll of GSTR 2A in presently scenario.

Kindly guide me.

Rakesh Sharma

One of my client is registered under gst and main business is food supply, for this he is under 5% slab, collecting gst from customers and remitting.

Is he eligible to claim ITC on carry bags, which he uses it for packing the food.

Note: The supplier charges 18% GST on carry bags.


Please clarify with link.

Which of following be the correct procedure
A) I show credit note and debit note in gstr1 and then in next return of March, it will automatically show reduced/increased sales and corresponding tax and ITC. I don't do anything in GSTR3B
Or
B) I give credit note and debit note effect in sales amount and tax amount and ITC amount in gstr3b- but which column I don't know - please guide
And show in GSTR1.
OR any other procedure which is correct
Request for your guidance.
Regards,

as per Section 9(3) of the CGST Act, Purchases of Raw Cotton Subject to RCM.
my Doubt is Can a registered person Apply for Refund, the reason for asking this doubt is the RP paying every purchases made Raw Cotton as well other purchases which resulting into paying more GST and Out put GST tax liability was Less Compared to the ITC Available ( resulting from RCM paid and ITC Availed) this Resulting in to Blocking of working Capital in ITC Ledger ,

Is it Possible for Apply For Refund of ITC ??

Practical problem is Nov invoices reflected in Nov 2A but our co recorded it on 1st and 2nd Dec while actual material received.
So while claiming input in Dec 2020 the limit of 5% gets exceeded...what to do?
In short problem is input appeared in Nov but we are claiming it in Dec is there any issue?

Date of R1 for quarterly filer was 13th Jan...so input is appearing in 2B of Dec 2020 so while filing 3B whether i should consider this input in Dec aur Jan return?
In short i am asking to calculate limit of rule 36(4) i should take this input or not?

Dear team/expert,

Please refer to below example regarding ITC reversal.

Particulars June 2020 Oct 2020
Output tax 100 0
Input tax 200 20
Net liability -100 -20
Reversal of ITC 0 50
Net liability -100 30

(Sorry about the alignment. I am not able to create table format.
Particulars represents text, June 2020 output tax is 100 and that of Oct is 0. and so on.)

In the above example, Kindly tell me when i reverse ITC in Oct month, whether interest is calculated on 50 or 30 ? Also specify the Interest rate.

Dear Sir,
We Have register 7 state in gst however our turnover in delhi is 6Cr & other state have nill in FY 17-18 we have file GSTR9 & 9C for only Delhi state and other state we have not filed due to not knowledge about this please tell is there penalty of this or not and if penalty please tell me how much is this please help sir

Dear All, We are a SEZ Unit located in NSEZ, Noida (UP) and if we availed hotel services in same state (UP) will we eligible for input tax credit noting that the bill raised by hotel to us will have IGST (not CGST and SGST)

Please avise

Thanks.............Shailendra Bansal

We are purchasing fabics and transporting goods by van . Value of goods transported is Rs4 lakhs per van. In a single day we are purchasing and transporting 3 vans from the same dealer. Do we need to generate eway bill. Please clarify?