How much cash can be received by a whole seller in a single day against a single invoice?
Further I want to know if payment made for business expenditure of more than 10000 in a single day to a single person, it disallowed to person who made it but who received the payment, what will be the impact in his book?

What would be the time of supply in case a painter gives his paintings to a gallery. If the painting is sold the gallery keeps a certain sum for itslef and the rest is given to the painter, and if it is not sold then the painting is given back to the painter. The gallery only recognizes an income if a painting is sold. It doesn't charge a commission for only displaying the painting.
How should the transaction between the painter & the gallery be recognized ?
Is it a supply of goods or services? Should it be treated on Goods on Approval Basis?
Please suggest regarding the same.

Hello everyone!!

One of my friend wants to cancel the GST registration(regular scheme). And he is having the stock of Rs. 2,00,000 and GST on stock is around 35,000. He has filled the GST return for the month of march 2020 and also he has filed the GST1 for the quarter Jan-20 to Mar-20. Reason for cancellation is he has not reached the threshold limit for last two financial year.

What will be procedure to cancel? 
How to make the payment ?

In future if he wants can he re register? 

Due date for filing of GSTR-7 for the month of March-2020 has been extended to 30-06-2020. So I want to know whether TDS under CGST ACT,2017 for the month of March-2020 can be deposited on or before 30-06-2020 without payment of any interest, penalty and late fee?

Query 1
If GSTR 3B return due date extended to 23rd & return filed on 28th,
So Interest on GST will be calculated from 20th or 23rd ?

Query 2
While calculating Interest do we have to consider Date of Payment or date of filing the return to calculate no. of days ?

Dear Experts ,

My query is regarding LUT (Letter of Undertaking) Validity or expiry, I wanted to know that when will be expiry of LUT if applied for FY 2020-21 on dated 20th March 2020 (i.e in FY 2019-20), or else company need to apply fresh LUT for FY 2020-21 if it's get expire on 31st March 2020.


Please help me know that.

Please clear whether due date of March 2020 of GSTR7 (deposition of TDS GST & filling of its return) is extended or not?

Please clear whether due date of March 2020 of GSTR1 is not extended?

Assess running a small fancy shop.turnover below 40 lacs limit.
Assess which type of accounting books maintained.
1. If assess registered in gst act
2.If assess un registered in gst act.

dear sir, i have claimed igst which is cgst/sgst.please advice me how to correct this? is int.payable on input availed under wrong head?