Whether i can issue debit note against my imports made from a supplier outside India?
The supplier is giving me discounts now, the goods have been cleared from the customs.

while paying freight we are paying GST under RCM , if tanker /truck delayed to return due to material unloading or any other reasons we have to pay extra amount as detention charges,
Pl clarify that whether we have to pay GST under RCM for detention charges or not.

Thank you
Srinivas

Dear Expert, please resolve my query:

Invoice value at the time of import from China was $5 per unit mentioned in invoice
Goods were cleared from the customs on the basis of this invoice and custom duty/gst was paid.
Later on the import invoice was revised and supplier provides discount of $2 per unit.

Query 1: Whether we can issue debit note to the China party?
Query 2: Whether the debit note will pass through any custom duty?
Query 3: Whether GST have to be charged on this debit note?

Dear Experts, please provide a solution to my query.

A firm has imported goods from China and paid Custom Duty and GST at the time of clearance.

The bill send by the supplier was $5.00 per unit(Value = $5*Rs.75/$ = Rs 375 per unit)
But at the time of clearance , customs takes the assessable value at Rs. 500 per unit and then charges custom duty and 18% gst. So we paid IGST=500*18% = Rs. 90 (IGST input)

We sold the goods to our customers at Rs. 200 per unit @18% GST (IGST output) = Rs. 36. The rate of tax at the time of import & sale is same @18%

Due to the difference of assessable value under GST & customs, we are having extra input of Rs. (500-200)*18%=IGST Rs. 54.00.

We have sold 1 Lacs unit during the FY 2019-20, outstanding extra credit of IGST = Rs. 54 Lacs.

Query 1 : Whether there is any method by which refund of extra igst paid at the year end can be claimed as refund?

Query 2: Suppose we close down the trading of this product and continue with trading of other remaining products under the same gst registration.
Whether the accumulated IGST input of Rs. 54 Lacs can be used against liability of the other products sold?

Sir, B2C party ka bill galti se B2B me add ho gaya...ab us bill ko b2b se kaise hataye

Dear Sir,

I purchased some materials in the earlier month of this calender year and have already taken the GST input against that purchase while filling the return. But due this pandemic and lockdown and closure of establishments the material got expired. The same can't to be sold.

But as mentioned above already taken the input for the same. What will the course of action in this case. Please reply.

Thanking you,

Dependably yours

Hello sir, I applied for GST registration dated 17.04.2020. and ARN number generated , but still today dated 25.05.2020 status is pending for processing.What can I do?

Dear sir
I have purchased a AC for my shop ( Whole sale/ retail cloth merchant).

Can I take the credit of SGST and CGST paid for AC.

Thanks

Hello sir, I applied for GST registration dated 17.04.2020. and ARN number generated , but still today dated 25.05.2020 status is pending for processing.
What can I do?

Respected experts

we are in the business of promoting goods and service of others on our in house developed application .
normally we charge Registration charges in addition to that charge for banner and hotdeals .
Now we are entering in to barter deals with some retailer whereby we will not charge any amount from retailer for registration on freedeem platform.
The Registration will be made upon mutually agreed Exchanged/Barter coupons/vouchers.
that voucher purchased from retailers will be sold to our customer at some discounted rate .

my concern is whether any Gst payable by our company in our case ?
IF YES ON what amount Gst payable by us ?
on value of voucher purchased from retailers or on value of voucher sold to customer ?
please reply fast.