My friend has started the new start up and he has purchased the machinery, He has paid 20,00,000 + GST 18% 3,60,000 = 23,60,000- purchases on 01-11-2020. Sales started from 05-11-2020. Total sales is 8,00,000 + 5% 40,000.00 = 8,40,000. ITC purchase is 4,00,000 + 5% 20,000.00. He has registed for GST on 01-9-2020. He has fillied NIL return for the month of Sep and Oct. 

1. Can he claim the ITC of Rs 3,60,000 at the first month of the filing the GSTR 3B?

Outward GST : 40,000.00

Inward GST : 20,000.00

Net Payable : 20,000.00

Less : ITC on Cpiatl goods : 3,60,000.00

ITC c/f : 3,40,000.00 

2. Can he capitalize the asset and claim depreciation on the same?

3. Is there any other restrction on the claiming the ITC on capital asset?

can i avail GST credit on group gratuity scheme in case of a company. scheme covers risk for life cover and gratuity?

A person is rendering both service and goods will limit 40 lacs or 20 lacs apply for registration, any clarification on it

Facts:
1) Tax Payer's (TP) location is X
2) His Client's location is Y
3) Vendor's location is also Y
4) X & Y are at around 10 kms distance from each other
5) In other words, vendor and TP's client are located at same location. They are just 5 buildings away from each other.
6) TP picks up goods worth Rs.1.74 Lakh from his vendor and delivers to his client. It is a hand delivery. No vehicle is used.

Query:
a) Does TP need to generate E Way Bill?
b) If yes, which parts of E Way Bill are mandatory for this case?

Facts:
1) Vendor supplies goods worth more than Rs.1 Lakh (within Maharashtra) invoice value
2) Vendor does not generate E Way Bill (EWB)
3) Vendor issues proper Tax Invoice to buyer
Query:
a) If vendor fails to generate EWB, is buyer liable to generate EWB for goods he has bought?

b) If answer to query "a" above is yes and buyer does not generate EWB, can a buyer avail GST input credit though vendor defaulted in generating EWB?

OR

c) If buyer is not liable to generate EWB because vendor fails to do so, can buyer avail GST input credit though vendor defaulted in generating EWB?

As a part of sales promotion, our seller is allowing the discount of 5% on the previous month's invoices and they filed the credit note in the GSTR 1 of this month. We have the following doubts in this regard.
1. Whether we have to issue a debit note for the discount received?
2. Whether we have to include the values of Debit Notes in HSN wise summary report in GSTR 1?
3. If we are showing discounts received on the credit side of the Profit and Loss account, then whether we have to pay any GST on the same?
4. In which head in GSTR 3B we have to include the value of the debit notes?

Our Hospital is under a Educational Trust which have a 12AA Exemption from income tax department.
now our question is ?
1. if we make pharmacy under Trust pan no. then we can got examption u/s 12aa on pharmacy profit
2. Can we claim ITC of Medicine bills full or proportionately under Gst Act.
please give your correct and prompt advised.
thanks

hello sir/madam,

i have a clients they want thier interior works to be done like, kitchen, wardrobe, furniture and fall ceiling in thier own house.

at same time i have carpenters friends who can do this job..

my role is i get advance from my clients,buy materials,and hire carpenter and finish the job..
so i have to issue a invoice to my client . with out disclosing my expenses in materials, amount paid to hired carpenter..
so in what category in cum under SAC and how can i register my self in gst

We are a manufacturer of unbranded nil rated product (wheat flour). We are supplying the product to a buyer . The buyer is supplying the same to a merchant exporter but requires the wheal flour to be packed by us in the packing PP bags containing brand of exporter and the same will be provided by the exporter. In this case is there any GST liability attracted on us and what are the documents required to be taken by us from the exporter.
The product will be exported in UAE.

I Had Doubt regarding B to C transactions in GST

Example If I Sale @18% Goods to B to C, and But I actually uploaded the GST in GSTR 1@ 5%. here I received profit of 13%. How can i do audit in GST were transactions related to B to C.
In B to C(Small) transactions we are not mention any invoices & customers names just we mentions the percentage wise sales amount.

Please do the needful for above query