Dear all
In my client company stock transfer will be happen. For that IGST They will pay
and take it is input. Transfer price is 40% less than MRP. They normally send the goods in transport
in transfer invoice only cost of material will take place
As per transaction value
Cost of materials
+ transportation cost
will be the transaction value
So in my client company stock transfer invoice contains only Material cost

My doubt is whether transaction is to be included in the transfer value.

Proprietor for firm expired on 26.09.2019, from that day his business was run by his legal hair after death till date under the GST number of deceased proprietor. now new gst registration has been taken in his legal hair's name, whether we can transfer input credit of deceased proprietor to his legal hair by filing itc 2 now ??

Sir,
I have purchased a lorry on 01.07.2016 and sold it on 31.07.2019 with a profit of 3 Lakhs. No cenvat credit availed on purchase. Whether GST applicable on it? If yes, what is the GST rate ? On which amount GST is applicable?

I have applied for GST registration for LLP. I have given information of one partner who is also an authorized signatory ,in registation form. However i got a notice for
"Promoters/Partners - Identity Information - Others (Please specify) - Details of partners if any".
Is this notice given,because details of only one partner is given ? And if i want to add a partner now, where will i have an option to add?. Or else, Is this notice is because of some other issue?.
Please guide me. It is very urgent..Please

I had issued an invoice in the m/o of Feb 2020 and I forgot to furnish the details of that invoice while filing GSTR 1 of Feb 2020. Further my client has taken ITC of that invoice.

If anyone knows how can I resolve this matter, pls help. I appreciate the information and advice you will share. I wanted to thank you as soon as possible.

Whether EWay bill is require to transport Cattle feed (HSN 2309) GST exempt items or not . pls reply.

Sir / Madam,
One of our suppliers does not file his August 2018 GSTR1 till date. Hence our 2A does not display their bills but we have claimed in our GSTR3b in Aug18 itself.
1} Can we now reverse the credit which we claimed in Aug18 in our Sep2020 GSTR 3B with 24% interest from Aug18 to Oct20 (26 months)?
2) Is it correct to reverse the ITC now? –lapse period more than 2 years.
3) Can we raise a debit note on the supplier for the tax portion and for interest for 26 months as the party did not rectify besides our series of follow ups for the last 1 year?
Kindly advise us.
Thanks in advance.
With regards,
Bazeer L

My client is Agent provide services to Bajaj Finance and bajaj finance is paid tax under RCM and issued invoice then where to show my client in GST return 3B and GSTR 1 outward supply

Kindly advise the TCS is applicable for the following

1. Sales made to one customer worth of Rs.40 lakhs from April-2020 to 29-09-2020 but receipt from this customer from 01-04-2020 to till date is more than Rs 50 Lakhs.

In the above case from 01-10-2020 invoices shall i Consider for TCS @ 0.075%.

or kindly explain when we have to consider for tcs

Dear Sir

We have forgot to claim ITC on one bill of RS.11431/- for the month of March 2020. Please suggest below entry in tally is right or wrong.

ITC yet not availed ( Current Assets) Dr. RS .11431/- (31.03.2020)
Input IGST Cr. Rs.11431/-

Input IGST RS.11431/- DR. ( 12.04.2020 entry in april 2020)
ITC yet not Availed Rs.11431/- Cr.