This Query has 1 replies
Iam a regd business person.In my query for chrging gst on sale of motorcar which was pur by paying gst i opine that gst should be charged on profit margin( sale value - wdv) at schedule rate.Bill should raised & disclosed in gstr 3 b inb to c if sold to non gst person& b2b if sold to gst reg person. Prepare tax inv & to be sown in gstr 1 also.
This Query has 2 replies
Car sold to non gst person
On what tax to be charged sale minus dep as per it or per book? Whether to prepare tax invoice? How to show in Gstr 3b& gstr1?
If senerio sold to regular gst person what will be the position? Documantation in both case.
This Query has 1 replies
Can you please tell me what will be the accounting entry for GST on sale of motor car where sale proceeds is not incl of GST. Ex: Car Sold for Rs. 7,00,000/- Wdv as per Cal Rs. 5,00,000/- Margin Money Rs. 2,00,000/- GST @18% Rs. 36,000/- Now please tell me what will be the accounting entry for the same?
This Query has 1 replies
While filing GSTR 1 for Jan to Mar 2020 quarter, i forgot to mention the serial no. of Credit Notes in documents issued section. How to rectify this?
This Query has 2 replies
Hello Sir, Please help me with this query.
1- month 2- E. Credit Ledger - Due to extra input taken 3- Original Input to be claimed for the month 4- Tax liability for that month
1 - 2 -3 - 4
Dec - 20Lakhs - 2Lakhs - 3lakhs
Jan - 19(last month) - 2lakhs - 3Lakhs
Feb- 18(last month) - 3.5 lkhs - 2Lakhs
Mar- 19.5(lst month) -1.5 lkhs - 3Lakhs
Interest Calculation . Please Help.
This Query has 2 replies
Dear Sir,
We have registered with GST for labour works and our turn over is less than Rs.20 Lakh and also Company GST Registration has been cancelled by GST Officers because of non filing of returns. now one process is going on with small job works. my query is.. Can we raise labour charge invoice without GST?
This Query has 1 replies
Suppose one taxpayer is showing his GST invoices ( B2B) for various months based on his ' Receipts ' basis and not on ' Accrural ' basis, thats why for the month of March 2020 he shows 7 GST sale invoices like
( Invoice No: 75, 78, 67, 79, 80, 86, 104 ).
My Question :
1) During filing of GSTR 1 for the month of March 2020,
at ' Document Issued ' section,
What should i fill for the above related typical query on logical basis ? like
From_____ ?
To ______?
Total Documents ?
Cancelled ?
Net Issued ?
Solve the above query.
Regards.
This Query has 1 replies
Sir
my accounting entry in duties and taxes in given below
DEBIT Credit
CGST input 8,77,143.15 CGST output-16,54,086.87
SGST input 8,77,143.15 SGST output-16,54,086.87
IGST input 6,69,494.74 IGST output- 45,37,865.22
GST paid 54,21,592.00
GST paid include March month entry- GST paid ac Dr
To GST payable
all entry accounted and payable figure is OK in GST and our accounts but some difference shown in balance sheet side duties and taxes is 656.24 how to rectify this amount is it transfered to profit and loss account this method is correct please rely
Thanking You
Pradeepkumar
This Query has 1 replies
Whether way bill required for transferring construction equipment/ machinery from one site/ branch to another site of the same entity in different state having different GSTN registration ? If required whether transferring branch needs to raise tax invoice for the same or can be done through delivery challan ? Please share relevant notification/ circulars for exemptions or other details in this regards.
Thanks in advance.
This Query has 1 replies
Respected Experts, we have sold & purchased goods from same state & other state. Please guide me how to determine GST in below cases :-
1) Supplier : Delhi (Freight paid)
GTA : Delhi
Recipient : Haryana
IGST or C + S
2) Supplier : Delhi
GTA : Local - not registered
Recipient : Haryana (Freight Paid)
IGST or C + S
3) Supplier : Haryana
GTA : Registered in Delhi
Recipient : Haryana (Freight paid)
IGST or C + S
4) Supplier : Haryana (Freight paid)
GTA : Local in Delhi
Recipient : Haryana
IGST or C + S
Kindly advise
Rakesh Sharma
Online GST Course - Master the Fundamentals of GST with Practical Insights
Gst