All are aware that Honourable Supreme Court has allowed to sell 10% of unsold vehicles within 10 days after corona lock-down ends and the dealers have to dispose 90% of unsold stock either by returning to the manufacturers for modification to the vehicle but the manufacturers are understood to have asked the dealers to get the vehicles billed to themselves and registered before 31st March 2020 in the dealers name and then sale the vehicles later as second hand vehicles. Please suggest treatment of such billing for GST. Thanks

Hello,

According to Schedule III of CGST Act. ( Supply of goods from non taxable territory to non taxable territory without goods entering into india. It is neither a supply of goods nor supply of service )

If i am purchasing goods in China and selling directly to USA. There is not considered as supply of goods or services.

So When purchasing goods, supplier from china giving invoice of purchased goods even though goods are not imported into india. Where we should report this transaction in GSTR 2 ? NON- GST inward supply ?

Thanks

Received an advance for a service on which Gst is collected & paid to the government. But in the next month service is cancelled & the customer ask for the refund of advance. Can I claim the Gst already paid from the government

What is the basis for GST reg-Physical inspection?

If carrying out business of reselling bislery water. purchased vehicle on Gst business name and used for transportation of goods. In such case can we take ITC of vehicle gst paid at time of purchased.

Dear Experts,

as per the section 18(3) credit will be transferred only on sale, merger, demerger, amalgamation, lease or transfer of business.
if the Registered person changes the nature of business ( from one product to another , ITC will be available or NOT

Sir

Reverse charge means the liability to pay tax is on the recipient of supply of goods or services instead of the supplier of such goods or services in respect of notified categories of supply. Thus liability to pay GST to government is of Receiver of those Goods / Services.

Normally , Recipient is eligible credit of this gst paid under reverse charge , provided conditions mentioned in gst credit rules satisfies.

( Hence below will be the accounting entry in books -
Freight Expenses ----------- DR 100
GST Receivable -------------DR 5 - [Cr.eligible on payment]
Transporter ---------------------CR 100
GST Payable-------------------- CR 5 )

However in case where the final product of Recipient is exempt under GST , credit of gst paid under reverse charge will not be available.

In this case question arises whether "the liability to pay tax" means "responsible to bear the expense".
Whether recipient should treat gst paid under reverse charge as his expenses or he can deduct the same while making payment to transporter. In both the cases gst paid under reverse charge will remain same.

( In our example , below will be the 2 different views -
View 1.
Freight Expenses ----------- DR 105
Transporter ---------------------CR 100
GST Payable-------------------- CR 5
View 2.
Freight Expenses ----------- DR 100
Transporter ---------------------CR 95
GST Payable-------------------- CR 5)

Whether both of the above views are correct.
Any supporting explanation / notification in gst.

Kindly Advice,

Dear sir,

ocean freight (RCM) we have mentioning under A(3) i.e inward supplies liable to reverse charge but we heard some where we have to mention under table A(2) i.e Import services, which one correct sir?

1) which services will come under import services..

Res sir, Maine Dec 19 me gstr 3b me dusri party ka pur bill by mistake claim ho gaya hai to mai ab iske liye kaise reverse karo jo party ka liya hai usko debit note issue kar ke karu kya dusra option bataye

Dear sir,

Month of Feb'2020 GSTR-3B Return we have declared input wrongly.Actually we have to pay amount under CGST/SGST, payment also made on 20.03.2020 due to input declaration wrong setoff done via credit ledgers CGST/SGST , now we have excess credit in ledger and current ledger also showing our payment.

In this connection can we reverse excess credit for next month?
can we liable interest on wrong declaration of Input? if liable howmuch percentage and from which date i have to take for calculation.