Particulars IGST CGST SGST
Opening Input 100 0 0
During the month 150 50 50

Output during the month 100 25 25

(i) How to set off
(ii) How much ITC balance carry forward for net month

TREATMENT OF CLOSING STOCK WHEN PARTNERSHIP IS CONVERTED TO SOLE PROPRIETORSHIP UNDER TWO DIFFERENT SITUATIONS :

1. WHEN THERE IS EXCESS ITC .

2. WHEN IS THERE NO EXCESS ITC .

ALSO WHETHER PARTNERSHIP FIRM SHOULD CLEAR CLOSING STOCK BY MAKING A SALES BILL TO SOLE PROPRIETORSHIP OR IT CAN TRANSFER IT TO THE SOLE PROPRIETOR ( ONE OF THE PARTNER ) WITHOUT MAKING SALES BILL

EARLIER REVERSE CHARGE MECHANISM WAS SUSPENDED TILL SEPTEMBER 2019 LATER , FEW SERVICES WERE LISTED UNDER REVERSE CHARGE MECHANISM. HOWEVER, IN CASE OF GOODS RCM APPLICABILITY IS NOT CLEAR. ADVICE WHETHER RCM IS APPLICABLE OR NOT IN THE FOLLOWING CASES :-

1. WHEN SILK SAREES ARE PURCHASED FROM UNREGISTERED DEALER ?

2. WHEN JOBWORK SUCH AS PROCEESING OF SILK SAREES LIKE DYEING COLOURS TO SILK SAREES, WATER PROOFING THE SAREES FROM UNREGISTERED DEALER?

which tax rate applicable on sweet shop which is 1 % or 5%?

A hotel having a restaurant and Bar is serving food both at restaurant and Bar.
1) Can I charge 5% GST for both restaurants?
2) VAT OR GST to be applied for softdrinks supplied in Bar?

Thank in advance

can a registered GST Person unavail the eligible ITC and show it as an expense in Profit & Loss account
Eg : Taxable Purchase value Rs 10,000 GST ITC 1,800 , Can we show Rs 11,800 as purchase in P&L Account. i,e even i am registered person can i unavail the credit and show it in PL

client has claimed the input on fy 18-19 but the invoices has been filed & uploaded on next fy 19-20 , whether he claimed input is valid one .

Hi,
Somebody please explain what are the items which comes under RCM

Please explain the same.
Thanks

In the FY 2017-18 I have not paid tax on RCM in any month. So I wish to pay now with interest. I do not wish to adjust the same to DRC-03. Can I claim the ITC paid on RCM during FY 2019-20 which is relates to FY 2017-18. Please suggest with documentary.

Dear Sir/Madam

My friend want to start Industrial Catering business, he will be prepare the food and serve at their premises only and approximate turnover will be 60 Lacs, he can register under Composition Scheme.? since he the owner & individual person what are the document required to register GST.