Dear sir we have tax liability in vat system can we sett off the liability in gst with ITC if yes how

Dear Experts,

We have a issue for charging "Interest" on late payment/overdue on bill.
Kindly suggest whether we have to issue tax invoice or debit note against that bill for charging overdue interest in GST. And SAC for charging Interest on that bill(s).

Regards

Dear Sir

We are in business of Transportation, due to some misunderstanding we had raised 1 invoice in the Month of July 2017 under category of Hire Charges and had charged GST on the same not we have reversed the same invoice including GST in the month of October 2017 and prepared revised invoice in the month of July 2017 under transportation category.

Am i eligible to reverse the output liability on GST for the month of July 2017 in October 2017?
Can i raise fresh bill for the same in the month of July 2017 under transportation category ?

Sir,
My Firm (LLP) is commission receiver & trading company, we raise the commission bill to the GST registered company.

Sir, can we receive the commission bill from GST registered & unregistered company.

Please clarify the matter.

Santosh Jha

Due to some reasons my Form 103 has been received by the institute after completion of 30 days.They are now asking for a condonation letter along with a condonation fee of Rs 500. What shall I do. Suggest please

what is a last date of tax audit

Hello All,

This is Sandesh Savane, I want to know about the accounting practice of our business which is totally based on marketing and promoting of Japan and Germany Products. Our company reimbursed all the expenses like Travelling, Hotel Stay, Entertainment, Office Expenses etc which are incurred for the the marketing and promoting of the Products with 15% mark up.

My question is regarding reimbusment of expenses from Japan and Germany, so please do let me know whether we need to reimburse the net amount (less TDS) or gross amount (Inclusive of TDS and GST) or Amount which is less TDS and less GST.

Your prompt reply is awaited.

--
Many Thanks,
Sandesh Savane
7738095177

Hi guys, since paper 2 in chennai centre is delayed, what will be the probable date of the exam being held.I have already registered for GMCS 2 batch on 20th November. Will it be held before that??

A public sector company ( Say company A) has issued a Work order for piping work to a contract company ( Say B). Stipulated date of completion was 20.11.2016. Contract Company (B) completed work on 31.03.2017. Invoice date is in S.tax. Regime. Comapny A has levied penalty of Rs. 97000 for delayed work to company B Payment is being made in November-2017. Whether GST is applicable on this penalty? IF GST is applicable who will bear the cost of GST?. In this case company B is loosing 97000 Rs. from his profit.

Hi,

Whether input can be taken??: - 

1. Managing directors stays in hotel on monthly basis (Includes Laundry, Food, rent, etc.) and GST is charged by the Hotel???

2. Managing directors stays in apartment on monthly basis and GST is charged by landlord.

Thanks in advance.