Hi Sir,

We have missed to upload a sale bill in GSTR 1 of Dec-2019(FY 2019-20) till now.
and party has taken ITC of that and paid the bill amount to us after deducting TDS of 2%.
This bills is not accounted in our books and also not included in Dec 2019 GSTR 1.

Question:-
1. How to treat this bill in our books now.
2. How to treat GST in the books and in the GST portal.

We haven't finalized our books yet, so please suggest me how to resolve this.

A taxpayer imported goods of $20,000 from Malaysia. At the time of import he paid IGST of Rs. 1,00,000 and took full ITC.

Now at the time of payment he receives discount of $5,000 from the supplier. Since the supplier is not registered in India he gave a letter for discount.

Query:
1. Since the supplier is outside India, I should issue debit Note on his name for accounting effect?
2. Whether the debit note shall be issued or the discount shall be treated as separate supply under GST?
3. Since I will not be reversing any ITC so i should issue Financial Debit Note instead of GST debit note?

Our client has received Rs. 20 lacs from Bank towards swiping charges(cash Back) during the year. Please advise, whether GST is applicable under RCM.

Facts of the case : Assessee has 2 business, one is of Construction and another is of Cement trading.

If he has used cement bags for his construction business, then two issue arises

1) Sale to self (another self business). Shall we issue invoice in self name??
2) Shall we take ITC on purchase of Cement bags ??

Q1} We are registered Transporter (GTA) in West Bengal. We are not liable to pay tax. Our client pays tax on RCM basis.

From stating, we fill up of our Sales Figure in GSTR1 and 3B in following column:-

1/GSTR 1 in column No 4A,4B,4C,6B,6C- B2B INVOICE and Tick "Reverse Charge Machanism’’

2/ GSTR 3B, We put the sell figure in month wise (Total) in column No 3.1.C of GSTR3B (According to section (17(3) of CGST Act 2017, outward supplies on which recipient of services is liable to pay tax on RCM basis shall be treated as Exempt supplies)

3/ If Service to URD we will put the figure in Column no 8 "NIL rated, Exempted and non GST supply” GSTR1

Now Question is When we going to fill in GSTR3B for the Month of November 2020 the Figure of RCM is auto populated to Column no 3.1.a {Outward taxable supplies (other than zero rated, nil rated and exempted)}

Sir What to do?

M/s experts,
how to generate EWB for unregistered person making interstate supply of goods to unregistered unknown recepient without drawn bill
Kindly give me an advice.

thanks®ards .

Flat bought in Yr. 2003 = Purchase Value 375,000 Rupees.
Flat Sales in Yr. 2020 = Sale Value 22,500,000 Rupees.
Agency commission - 2%
Society transfer charges shared by but=yer and seller in 2003 purchase = 12,500 INR
Society transfer charges shared by but=yer and seller in 2020 sales = 12,500 INR

Yearly Society maintenance Charges - last 17 years 825 INR per month * 204 Months =168,300 INR
Electricity and Water charges - 200 INR per month * 204 months = 40,800 INR
Renovation expenses - 200,000 INR
Inter State travelling expenses to check the flat condition yearly = 5,000 INR x 17 years = 85,000 INR.
Seller is residing and working abroad last 17 years since it was bought in 2003 and the flat was never occupied.

What would be the tax implications on the seller on the sale of this flat and what process need to be done?

A GST Reg. taxpayer imported goods worth $15000 from China. He cleared the goods from the customs. Now the client receives Discount of $5000 against the invoice.

1. Whether the assessee should account for only the net $10000 as exp.?
2. The assessee took ITC of IGST paid at the time of import. Whether he have to reverse any ITC because of this discount on imports?
3. Whether any communication have to be made to customs or any other Govt department or RBI regarding discount received from China?

Dear Sir,

Please clarify what documents needed for Discount received from supplier of goods for release payments before due date along with credit note.

We are taking discount letter from them. Is there any requirement of letter from Supplier for post sale discount?

As per my understanding there is no GST in Post sale discount if i m wrong please let me know?

One of our client is liable for GST Audit for FY 2018-19...We filed GSTR-9 with incorrect turnover as compared to Income Tax Return. Now, when we came to file GSTR-9C, we noticed the above mentioned issue of turnover. So, shall we correct the turnover in GSTR-9C, and if yes then what reason we will give for the un-reconciled turnover...???