Respected Sir,
One of our supplier has closed his business due to his personal problem. They have yet not file the return last month we have reverse the ITC. But it's pending in books of account. His payment is due with us. Now please suggest how to reverse the ITC in books.

Thank you

If a supplier issue a financial credit note even if the provisions of section 15(3) are fulfilled under GST, does it requires the recipient to reverse the Input Tax credit or it will fall under point 5 of Circular no.105/24/2019 Dt. 28/06/2019.

MY CLIENT IS RREP BUILDERS HE IS UNDER 1% SCHEME FOR 01.04.2019. AND HE IS FIRSTLY REGISTERED UNDER THE GST INPUT OUTPUT SCHEME, AND HE IS CLAIM ONLY ITC FOR THE TWO YEARS,OR HE IS NO OUTPUT FOR THE TWO YEAR. SO THE RS.1810400 IS ITC ON CREDIT LEDGER. SO THAT ITC IS REFUNDED FOR ME OR NOT,AND WHAT IS THE TREATMENT OF ITC IN AVAILABLE CREDIT LEDGER.PLEASE GUIDE ME

Dear All,
Good Afternoon!!!

One of our Client are in Redevelopment of Societies, their DA was registered in November, 2017.

Now they have to pay Hardship Compensation to Society Members as the DA.

Kindly advice on the Applicability of GST on the same.

Will be helpful if can provide any supporting or clarification issued by the Department.

Thanks & Regards

Sunny

what to report in 12C column of gst audit. whether we have claimed Itc of 17-18 availed in 18-19 put here.for e.g 100000 Itc as per books but 95000 availed up to march 18 then 5000 in may 18.can we put 5000 in 12C of gst audit 9c report.

In the Intermediary services, there are 2 supplies. One is between principal and agent and one is between principal and end customer. Is there any restrictions to say that the supply between principal and end customer should be taxed in India, then only treated as intermediary? or there is no relevance of supply between principal and end customer(even if the principal and end customer is outside India and supply is also outside India)??

There is change of constitution of business from partnership firm to proprietorship concern.There is no balance available in cash ledger or credit ledger of partnership firm at the time of transfer.What is the procedure to follow in transfer of business? Is the certificate of CA is required ,ITC 02 to be filed or only dissolution of partnership firm is sufficient?

Dear Experts, We have imported some Raw material and the same is ready to dispatch to our Gurgaon Factory.
But due to space problem in Factory, we want to off-load this material to our Delhi Warehouse (Registered as
warehouse and retail). And we will make E-way bill on bill to ship to basis.

Kindly suggest us should we issue a Tax Invoice from Gurgaon to our Delhi Warehouse or any other procedure
to be followed to maintain this type of entries?

Please advise.

Rakesh Sharma

A local authhority got registered as tax deductor. Instead they should have registere as tax payer. They have also paid GST as tax deductor. How can the GST registration changed from tax deductor to tax payer.

Can the experts enlighten me on this point?

Dear Sir\Madam,

My query is, our company is based on Mumbai. We organise exhibition in Mumbai & participant from other state (Other than Maharashtra) participate in our exhibition. While generating invoice shall I charged CGST/SGST or IGST?

Your goodselves are requested to please let us know.