WE HAVE WORNGLY TAKEN IGST CREDIT INSTEAD OF CGST AND SGST IN THE FINANCIAL YEAR 2017-18. THERE AFTER TILL DATENO ACTION TAKEN AS WE CAME TO KNOW JUST NOW DURING THE GST AUDIT. NOW HOW TO REPORT THESE ISSUE IN THE GSTR 9 / 9C OF 2017-18?

Sir, we are planning to purchase some goods and transporting the same
through E-rickshaw. Value of goods is around 72,000/-

Should we make E-way bill. Also we will pay freight Rs. 1,600/-. Is there any liability of RCM.

Kindly advise me.

Regards,

Rakesh Sharma

Dear Experts, we are collecting Tax at source on Tax Invoice.
Which figure we have to show either Tax Invoice Value or Value before TCS?

A lots of confusion on this matter, everyone has different view.

Request to all the experts, please clarify which value we have to show in GSTR-1, although
there will be no impact on Taxable Value & GST. But confusion on Tax Invoice total Value.

Regards,

Rakesh Sharma

Dear Experts, we are giving blanket to employees as Diwali gift and value
of blanket is around 1.5 Lacs. What is treatment of ITC in this case?

Should we reversed the ITC or make self invoice (in which name).

Kindly guide what to do in the above case.

Regards,

Rakesh Sharma

Dear Experts, we have taken below :-
Month GSTR-2A ITC Claimed 10% Diff.
Feb-20 1,20,000 1,55,000 12,000 (23,000)
Mar-20 1,65,000 1,75,000 16,500 6,500
Apr-20 85,000 1,02,000 8,500 (8500)
May-20 1,11,200 1,35,200 11,120 (12880)
June-20 1,58,100 1,98,200 15,810 (24290)
July-20 2,03,500 2,06,600 20,350 17250
Aug-20 1,85,700 1,76,500 18,570 27770
Total 10,28,500 11,48,500 1,02,850 (17150)

Sir in the above table, can we deposit interest on excess claimed ITC i.e. 17150 @24% p.a.?

Moreover, below are the details of Sep-20 & Oct-20 :-

Month GSTR-2A ITC Claimed 10% Diff.
Sep-20 2,13,500 2,47,450 21,350 (12600)
Oct-20 2,67,100 2,98,110 26,710 (4300)

Is there any liability of interest in above months, if yes, then on which amount we have to pay? i.e. diff. of ITC Claimed - ITC Shown in 2A or ITC Claimed - ITC Shown in 2A - 10% shown ITC in 2A.

I humble request to all the experts, please help me, on what basis we have to go ahead.

Regards,

Rakesh Sharma

HOW TO REPORT CREDIT NOTE IN GSTR1 CDNR SHEET AS THE CREDIT NOTE ISSUED OF THE INVOICE RELATED TO NOV 2019 SO GST WILL NOT BE REVERSED FOR THE SAME..HOW TO REPORT IT?
WHETHER IN THE DOCUMENT SECTION THESE CREDIT NOTE TO BE REPORTED?
HOW TO REPORT IN CDNR SUCH CREDIT NOTE PLEASE REPLY...

Dear Experts,

We have supplied the Goods to our Debtor Customer... But we were unable to generate e-way bill as the Debtor Party had not filed 2 months Gstr-3B.

Also The Party took the delivery from our Office itself? So are we required to generate E-way bill now & if yes, when?

Thanks.

Sir/Madam,
I have wrongly availed ITC blocked credit in month of Jan 2020 (FY 19-20). Can I reverse this ITC in GSTR 3 B of October 2020 or should it be done through DRC-03
What is the time period allowed within which wrongly availed ITC can be reversed via GSTR3B.
Thanks for the help in advance

Our organisation has recorded Sales return in Oct 2020 of material sold in Nov 2019.. what to do how to show it in GSTR1 as the last date to record such return was 30th Sep 2020..

we will be total invoice value in GSTR1 after TCS deduct from 01-10-2020.
if Amount is 100
GST 18
total 118
tcs 1
total 119
Which amount we have to put in total invoice value in GSTR1