Dear Sir/Madam

I have one query:

Facts:
In FY- 2018-19 - We had claimed ITC in excess for some months and in short in some months. We failed to verify Form 2A during this period. However, we verified the data later and in February 2019 refunded the excess ITC claimed till June 2018 with interest and claimed the unclaimed ITC (unclaimed for few months till June 2018) and
in March 2019 refunded the excess ITC claimed till January 2019 with interest and claimed the unclaimed ITC (unclaimed for few months till january 2019) -

Problem
The ITC claimed and available table on the GST Portal today shows for the fy 2018-19

Cumulative Shortfall (-)/ Excess (+) in liability (GSTR3B - GSTR2A) =
-61,388.78 -61,389.78

and now we received another message from GST that:

"the ITC on domestic purchasesin FY 2018-19claimed in GSTR 3B exceeds Rs.1.48 lakh when compared with the credit available in GSTR 2A.

Query:
I am unable to comprehend the situation, how to rectify this figure and make it zero i.e, close FY 18-19?

Thanks in advance

I have allotted a sand mine in UP for which quarterly lease rentals to be paid to the state government. Whether RCM is applicable on the lease rentals payable to state government?

Hi friends

I am having doubt that TDS under GST is applicable if Transaction exceed 5000/-


One of my Clint giving service to Gov. & at the time of Payments they deducted


Both TDS under 194C and
TDS under GST


both are Deducted and Paid to our Clint is that correct

Dear sir, We are the wholesalers & bymistakenly we have shown debit note in GSTR-1 instead of showing credit note. Now i want to reverse the same can i reverse by raising credit note to our buyer under GSTR-1? Or
How to resolve this,?

CAN FINANCIAL YEAR 2018-2019 GSTR 1 CAN BE CHANGES IN CERTAIN ENTRIES LIKE GST NUMBERS ?

Hello sir,
If a taxable person sells its used capital assets (eg used machine) on which ITC was not claimed by that person at the time of purchase then will GST liability arise on sale of that machine??

my client from bharuch, gujrat, import from germany and made high sea sales to indian company in sez unit. how to show this sales in gstr 3B and GSTR-1.
PLEASE GIVE URGENT REPLY

One of my clients is pesticides, the retail seller. Now he migrates from composite to regular dealer .and after migrated we submitted ITC-01 as Section 18 (1) (c)
Is there need to pay any tax on the value of stock held in hand or which was shown in ITC -01 form total. If yes how can I pay the amount?

Dear Sir,

I am a Director given loans to the company and received Interest of Rs. 5.20 Lacs in f.y. 2018-19.

Also, I have received a commission from another company of Rs. 15.85 Lacs in f.y. 2018-19.

Should Interest amount be taken for calculating Aggregate Turnover? or out of GST ambit.

Please guide me.

Rakesh Sharma

Dear Experts,

We are the manufacturer of Footwear and our all sales are of 5% GST. And we purchase goods at
different rates of GST i.e. 5%, 12% & 18%. So we are taking the refund of this difference.

Sir, my query is that we have purchased some capital goods like Machinery & Tempo for Goods transporting.
Can we take the Refund of ITC on the above capital goods?

Please guide us on how to treat this ITC in GST Return.

Refund or utilized against the output Supply.

Thanks,
Rakesh Sharma