Dear Sir,

Our some customers cross the limit of TCS Rs.50 Lakh in current Financial year. And our some ledger have a balance receivable with customer as on 30-09-2020.

We had been starting to charge the TCS on customer invoice whose receivable amount more than 50 Lakh in current financial year.

Now, i want to know about that, should we charge TCS on balance receivable from customer as on 30-09-2020?

Kindly revert asap.

Contract including material and labour for civil, electrical fittings and furniture are given to a contractor
The contractor will charge GST on his bill.
Can ITC credit be taken on above bill
If answer is no then in which way GST credit can be taken ?

Dear sir,
I have one doubt regarding TCS on sale of goods. Our company ABC ltd sell the goods in oct'2020
Rs.2 crores to XYZ ltd.. and XYZ ltd sell the goods to ABC Ltd Rs. 1.8 crores . in this case XYZ ltd set off payable amount against Receivable amount Rs 1.8 Crores, and Balance amount Received From XYZ ltd is Rs 20 lakhs.
In this case TCS Should be collected on what amount by ABC Ltd.
1) Whether it should be colleted on entire Rs 2 crores ..?
or
2) It should be collected on only Rs 20 Lakhs...?
3) whether TCS provision is applicable or not (Because amount received is below 50 Lakhs upto oct'2020)

Please Reply me as soon as possible.


Thanks in advance,
Regards,
Bheema Reddy.

if 50% local sale and 50% export out of India against LUT sales.
can we claim full igst paid on imports used in both sales or only 50%?


i feel only 50% of total igst paid in imports (that can be said that were used in exports out of india) should be claimed as gst refund. am i wrong?
regards, ca kunjan, mumbai

Sir I have a query on ITC on Inputs for the year 2018-19.My client had claimed/availed and utilized ITC on input in the year 2018-19.Complied condition of Sec 16(2) and Rule 37 of CGST Act,and Rule . Supplier had filed his GSTR-1 on 18/08/2020 for the month of Feb-2020 and disclosed transaction of year 2018-19 after cut off period of Oct-2019.(System Generated Annual Return form-9 )
Q Have I required to reverse ITC along with 18% Interest (Tax amt.is 3.5 Lacs

We are manufacturing compressed blocks using saw dust, scrap generated from planning of wood by using resins (hardening agent) . These blocks are used in manufacturing of pallets/packing items.

What would be GST rate and HSN code for this item ?

Please advise.

We have two branches one in UP and one in Chennai our gross turn as per financial statement is 100 ( net of inter unit branches transfer)for FY 2018-19 we have made sale to each other

sale from UP is 80 and sale made UP branch to Chennai branch is 2
sale from Chennai is 20 and sale made from chennai branch to UP Branch 3

My query is that what amount to show in as Gross turn over in GSTR 9 C for both branch for FY 2018-19

WHAT GST IMPLICATION ARISE WHEN PRICE OF MOBILES DROP AND DEALER REDUCE THE PRICE OF MOBILES AFTER SALE AND GIVE CREDIT NOTE TO THE RETAILERS WITHOUT GST.
DEALER ALSO GIVE SCHEME BENEFITS TO THE RETAILERS AND WITHOUT IMPLICATION OF GST, SO PLEASE GUIDE ME IS THE DEALER DOING CORRECT ACCOUNTING OR NOT.

Dear Sir,
Deal All,
We got works contracts project from Government Department for construction of canals, roads and drainage around Rs.18 Crores for the FY 2019-20. We have received Rs.2 crores from Department based on completion of work and paid GST on advance amount. During the year, we have completed works around ratio of 70% to 75%. My queries is whether GST applicable or not, if we made provision of unbilled revenue around 7 to 8 crores for the year end, if we did not issue invoice or advance not received from Department.

Dear Professionals,

I am in The Business of Trading of Food Grans. I am registered Person under GST. My Business is not Running as per my expectation That's why i want to discontinue the business.and I file Form GST REG-16 As on 11/09/2020.my application status is Still Pending for Processing.

Now i Want To continue My Business Again.I Don't want to Cancel My Exciting GST Registration.Can Any one Please Guide Me How Can I do this.