Bazeer Ahmed
This Query has 3 replies

This Query has 3 replies

Sir / Madam,

We are regular Dealer in GST

In May24 GSTR1 return we have entered a credit note (sales Return – party sent a part portion of consignment) for the sales we made in Apr24 in table no 9B (Credit / Debit Note Registered)
As there was no other liability in IGST tax it shows as negative liability in Total of GSTR1 return.
But in GSTR3B zero in IGST Tax Column as there was no IGST liability.

Again in Jun24 GSTR1 we have entered another credit note (sales Return -party sent another part portion of consignment) for the sales we made in Apr24 in table 9B(Credit / Debit Note Registered) but this month we have Igst tax liability to some extent and not cover the full liability, so the total of GSTR1 shows a negative liability in IGST tax after adjusting the IGST tax liability in that month.

But in Jun24 GSTR3B also zero in IGST tax column as there was a little IGST tax liability not covering the negative IGST tax liability in the credit note which was raised in Jun24.
Since then we do not have IGST tax liability till Aug2024.

In September 2024 we have some IGST tax liability to offset the negative liability there was no provision in filing the GSTR3B.

By googling, we find there was a service added in the GST site like Negative Liability for Regular (previously only for composite dealers is available)from September2024 But it does not consider the opening balance on the date 01.09.2024 and we cannot explore before that date) In Our case the negative liability occurs before 01.09.2024(in May’24 and Jun’24) Hence we could not brought forward the negative liability.

Hence we file our Sep24 GSTR3B we offset the negative liability as we can claim like ITC reversed earlier. Now the reclaimable statement shows a negative balance in IGST claim column.

Kindly advise us how to rectify the same.

A Lot of Thanks in Advance

With Warm Regards,
Bazeer L


RATILAL LIMBANI
This Query has 1 replies

This Query has 1 replies

My client is supplying stone chips to the Railway Department of Odisha State, with a total order quantity of 2000 MT. Approximately 700 trips are made to deliver the stone chips, with each trip valued between Rs. 17,000 to Rs. 20,000. Every delivery is accompanied by a challan, and after the supply of each lot or batch, an e-invoice is generated for a total amount of Rs. 1.5 crore.

My question is,
1. how should the e-way bills be issued in this situation?
2. How to fill Part B of E way Bill







Krishna
This Query has 1 replies

This Query has 1 replies

19 October 2024 at 19:22

GST Amnesty scheme section 128A

Hi,
In GST Amnesty scheme there is a waiver of interest & penalty for which order passed us 73. We had received a order us 73 & in that order there is no tax demand.Only there is a penalty & late fees for delay in filing of GSTR 9 & 9C. can this will be waived off as per section 128A of GST Amnesty scheme? or only interest & penalties related to tax demand will be waived if tax is paid ?


S. RAVICHANDRAN
This Query has 1 replies

This Query has 1 replies

Sir
One of my client recieved notice from GST department regarding GSTR-1 belated filing during the year 2020-21 (April 2020 to August 2020) Covid - 19 lock down period with late fee payable per day Rs.50/-. Please let me know late fee liability is applicable for GSTR-1 for that time. Please provide any notification or circular numbers for the exemption of late for lock down period.


Husseini
This Query has 7 replies

This Query has 7 replies

I have applied for New GST registration, The following query raised by department
Please guide me how to resolve this issue:

Principal Place of Business - Nature of Possession - Others (Please specify) - For authentic consent,
please upload an affidavit of the Owner & Co-owners of the declared premises sworn before an
Executive Magistrate or other authorised official authority declaring that "the premises were not given
on Rental/Lease basis & were given Rent-free to the applicant to declare & allow it as Principal Place of
Business in terms of Section 2(85) of CGST Act,2017" with latest photo of all Owners of premises,
Serial Number of the Register & "Before Me" stamp affixed to the Affidavit.


Deepak Londhe
This Query has 1 replies

This Query has 1 replies

17 October 2024 at 23:44

GST ITC on Assets Purchase

Dear Experts,

We are using Fixed Assets (Computer, Furniture etc.) on rent from Oct-23 to Feb-24, but invoice not raised by vendor.

We have taken exps provision for rent of 5 Months (Oct-23 to Feb-24) as on 31-Mar-24.

Now in Oct-24 that vendor is raising invoice which he will show in Oct-24 GST return.

So can we avail GST charged on all these invoices as these invoices are charged for the period Oct-23 to Feb-24 (23-24) ?

Please Guide.


AKANKSHA
This Query has 3 replies

This Query has 3 replies

17 October 2024 at 23:24

ITC on Tin Shade

In a Newly incorporated Recycling Scrap Plant, Tin shade constructed for several Plant & Machineries, so, it will be categorized as P&M and ITC will be available on the material purchased for such construction or it will be categorized under Building and ITC will not be available ?


Daya
This Query has 1 replies

This Query has 1 replies

Gold coin purchased on Diwali to districute among clients but did not districute it , Now it shown under investment in LLP and can I claim GST Input on such gold investment


CA Parul Saxena
This Query has 2 replies

This Query has 2 replies

17 October 2024 at 11:50

GST ASMT-10 query urgent please

i have received GST ASMT-10 reminder today ....were not aware about the notice issued prior tue to technical glitch in Email. How to ask for extension online? Just write in Reply section or proper Letter to be uploaded for extension?


Suresh S. Tejwani
This Query has 1 replies

This Query has 1 replies

17 October 2024 at 08:30

Regarding GST Amnesty Scheme

IF DRC-07 ORDER ISSUED U/S 73(5) FOR F.Y. 2019-20, THEN SUCH CASE COVERED UNDER GST AMNESTY SCHEME?





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