Dear Expert

We have used Local Vehicle for Transportation of material to dispatch our material located in Interstate, in this case the Transporter is Un registered and what tax we have to pay IGST or CGST & SGST

Can I claim Input tax credit of February in March? Bill Date is in February.

TRANSFER OF BUSINESS FROM MOTHER TO SON (i.e. from Proprietor to Proprietor)

What is the process for transfer of business from mother to son (not reason of death)?
Can son cliam ITC by way of ITC - 02 Form?
Is there any manual procedure to be followed?

How to pay late fee under gst for late filing of gstr 3b nd gstr1 ( nil return ) frm oct 2018 to Dec 2018. As the system niether show late fee nor auto populated, but while filing, a dialogue box appears that shws late fee added to next month of October bt it allow to file return through evc.without payment of late fee (yet nt filed) Should I proceed without payment of late fee.

There is a matter of Auto Rickshaw Dealer ,their sales bills as follows SELLING TO REGISTERED BUYER

Auto Rickshaw 120000
Insurance 20000
Registration at Rto 10000

GST rate is 12 %

Current billing process
Auto Rickshaw 120000
GST 14400
Insurance 20000
Registration at Rto 10000

TOTAL INVOICE VALUE 164400

ABOVE CONCEPT BASED ON PURE AGENT OF ( WE HAVE AGREEMENT FOR PURE AGENT MATTER ) RULE 33
Insurance 20000
Registration at Rto 10000
PROBLEMS WE ARE FACING CURRENTLY
IN GSTR 1 WE WRITE AS FOLLOWS
TAXABLE VALUE 120000
GST 14400
INVOICE VALUE 164400(120000+14400+20000+10000)

NOW DEPARTMENT IS ASKING FOR REVERSAL OF EXEMPT SUPPLY FOR 30000 AS FOLLOWS
Insurance 20000
Registration at Rto 10000
ON OTHER SIDE THE BUYER IS FACING THE BELOW PROBLEM
THE BUYER IN HIS GSTR 2A HAVING TWO BILLS
OUR BILL RS 164400
AND INSURANCE COMPANY BILL 19000(TAXABLE VALUE ) +1000(GST) = 20000 SHOWING

NOW IN REGISTERED BUYER GSTR 3B
ONE INPUT RS 14400+1000 (INSURANCE)
AND INWARDS NIL RATED SUPPLY 30000

SUGGESTION WE RECEIVED TO BILL CUSTOMER
Auto Rickshaw 120000
GST 14400

AND THE FOLLOWING AS REIMBURSEMENT EXPENSES
Insurance 20000
Registration at Rto 10000

BUT IN THE SUGGESTION THE PROBLEM IS THAT - THE BANK FINANCE IS CURRENTLY GOING ON 164400 BUT IF WE TAKE THE SUGGESTION THE BANK FINANCE WILL BE 134400 BECAUSE BANK MANAGER IS CONSIDERING THE INVOICE VALUE

PLEASE GIVE ME THE SUGGESTION ,WE MUST HAVE TO SHOW INVOICE 164400 FOR FINANCE














Regards,
INDRANIL BASU
Contact no. +91 7003556438
cmaindranilbasu05@gmail.com

I am have a query regarding weather CII (confederation of Indian Industy) provide Sponsorship service to Corporate and non Corporate are applicable of GST or not please suggest me

My total liability under gst is CGST 24,00,000 and SGST 24,00,000. I had available itc in credit ledger IGST 33,00,000, CGST 2,72,000 and SGST 2,72,000 and in cash Ledger CGST 5,72,000 and SGCT 5,72,000.
My calculation is CGST Liabi. 24,00,000-2,72,000(CGST credit)-5,72,000 (Cash ledger)-15,56,000(IGST Credit)=0
SGST Liab. 24,00,000-2,72,000(CGST credit)-5,72,000 (Cash ledger)-15,56,000(IGST Credit)=0
ITC in credit ledger is IGST =188000.

Whether it is correct.

RESPECTED SIR
Can we take GST CREDIT OF Centralised air conditioner for full value?
As i understand it will be capitalised to Air conditioner account fully & no portion of value will be capitalised to building account
please help on the same

The comaany from which we deal they send us product via 3rd party but as per their company policy they issued us discount on turnover including Gst how to make enter this on tally

If a Charitable Trust which is not registered under GST sales, old/used Vehicle to an Individual, will this attract GST. If yes how it will deposit the GST and How the Calculation will be done.