Sir
one business entity have two units one at kolkata(principal unit) and another at Mumbai.
Kolkata unit have GST registration.
Mumbai unit only act as communicating agent on behalf of Kolkata unit for customer at mumbai.
Once order will finalised mumbai unit send customer's demand to its Kolkata unit .
Kolkata unit in turn send goods to mumbai customer alongwith bill.
Does Mumbai unit require GST registration?
If yes then why? I think as mumbai unit just act as a communication point for its principal unit at kolkata and final bill raised by kolkata unit no registration under GST required for Mumbai unit.
Please clarify
Abhijit
Dear Experts,
Should we amend an E-Invoice (for Local & Export both) in the same month ?
I am writing to seek clarification on the penalty and interest rate applicable in case a party fails to make GST payments within the due date. Specifically, I would like to know:
1. If a party fails to pay GST within 180 days, what is the penalty that will be levied by the GST department?
2. If the payment is delayed for more than 2 years, what is the interest rate and penalty rate that will be applicable?
I would appreciate it if you could provide me with a detailed response at the earliest.
Please clarify the relevant sections of the GST Act and rules that apply to this scenario.
We have rented out a portion to commercial activity who was registered under GST and we used to raise tax invoice for the rental income which was uploaded every month in our GSTR1. But now his GST Number is cancelled (tenant is not telling the reason for the same) When we are trying to upload our rental invoice in GSTR1, Error is showing. Can we show that invoice under B2C/ how can we show that invoice in our GSTR1?
Dear All,
I am getting below error in Offline GSTR1 Utility
Following documents contain invalid inputs:Possible Reasons:•Invalid date format provided for the inputs
•Did not provided the values for required fields
•Given 0 value for invoice number.
•Given 0 value for gross advance received(Gross Advance Received can be saved as 0 only in tool).
•Given 0 value for taxable value(Taxable value can be saved as 0 only in tool).
•Given negative value for invoice/note value or taxable value or tax amounts.
•The HSN code mentioned is not present in GST HSN master.
Please Check For Mandatory Fields,Validations,DateFormats(dd-mmm-yyyy) And invoice/note number
B2B,SEZ,DE - Row: 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30
This query regarding one of my client’s situation where Input Tax Credit (ITC) was reversed every month in GSTR-3B Table 4(B)(2) (“Others”) during FY 2024-25, intended to be reclaimed in Table 4(D)(1) (“ITC Reclaimed which was reversed under Table 4(B)(2) in earlier tax periods”) in the subsequent month, but not included in Table 4(C) (“Net ITC available”) due to this reason ITC as per Books and ITC as per Credit ledger Not Matched, and even difference arise exact reverse and reclaim amount, Kindly provide a solution for this issues based on the Central Goods and Services Tax (CGST) Act, 2017, and CGST Rules, 2017.
Dear Sir/Madam,
Please assist under business auxiliary services.
We have taken the consolidated marine insurance policy in our name "to cover the risk of loss of cargo/high value shipments" of our clients (consignee/importer).
e.g.
Premium paid to Insurance Company by us on behalf of 'actual clients'.
If any claim during the shipment imports from place of outside of India, it will be settled to beneficiary/clients account directly.
We are providing the additional service to our client to secure the import of goods in Transit.
After successful delivery of the goods, we raise our bill to recipient as Re-imbursement of marine insurance premium paid without addition of margin.
In this matter is there any GST or RCM applicable or not?
Waiting for your reply.
Dear Experts
My client has only RENT INCOME under GST. Now, They are taken some ITC against stationery expenses and BSNL telephone expense. It's correct ??
I had cancel my clients GST registration in June 2022. But now my client received notice for non filing Form GSTR-4 (Annual).
Is there any penalty / late fees for failure to file Annual return.
ITC which we are not claiming in GSTR3B i.e ineligible ITC, is it neccessary to show seperate in GSTR3B and GSTR9 because some figures auto populate from GTSTR2B in ineligible ITC Coloumn and some are not.
For Example-ITC on insurance of personal vehicle which is registered in company name is ineligible and that ITC which auto populate from GSTR2B comes in "others'' coloumn not in ineligible ITC coloumn.
So if we neither show this ITC in ''others'' coloumn nor in ''ineligible itc'' coloumn, will it make any difference?
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
GST Registration in two different states is required or not