Hi, last year our client paid some amount. And we bymistkenly forgot to raise a bill against the same. Can wr raise it now?

Since we haven't paid ant GST on advances at those time, will it have negative impact now while raising bill?

A person operating travels service having annual turnover will be 1.2 cr. want to apply for gst registration. Can he avail composition scheme as his turnover will be more than 50 lakh?

if no then, will register in Normal Scheme, what is the rate of GST & SAC code?

Dear Sir,
We (Regd. in Uttar Pradesh in gst) have recd. some bills from 1 vendor (regd. in haryana in gst) in the month of July 23 and the vendor had filed his GSTR-1 on timely basis but catered wrong taxable value and tax values and wrong place of Supply e.g. in some bills place of supply was punjab, in some bills place of supply was haryana and in some bills place of supply was uttar pradesh with wrong taxable value and wrong tax amt.
Now, vendor is saying that he will amend all invoices in august month return.
Can we can claim all itc on all invoices of that vendor in the August month GSTR-3B return.
If yes, then is there any amt to report under "(2) Ineligible ITC under section 16(4) & ITC restricted due to PoS rules" in July month Gstr-3b return, kindly assist

An assessee filing ITR on Presumptive Income basis sold industrial land and building for 40 lakhs during ay 23-24. Land was purchased for 3 lakh during financial year 2008-09 and building was constructed during financial year for Rs. 15 lakhs. Please suggest basis of capital gain considering indexation and depreciation issue.

Dear Experts

For AY 2022-23 I had b/f LTC loss of 50000
In AY 2022-23, I had LTCG of Rs 14000 and Speculative loss of 2500
So erroneous, I Adjusted the same and took set off of LTCG of rs 11500, which was available for set off against b/f loss

Now ITDpt , disallowed Specualative loss adjustment of Rs 2500, so they took LTCG of 14000 , but allowed set off of Rs 11500 b/f Capital loss , since adding 2500 to my income

I filed rectification return , taking set off of rs 14000 ( as was available b/f LTC loss )

But Income tax dpt replied
Under Section 154 of Income Tax Act 1961, rectification application can be filed only tocorrect mistakes apparent from records. In this case, fresh claims of BFLA is being made inthe rectification application, which is not a mistake apparent from records. Hence yourrectification request cannot be entertained.

How to explain Department that set off could be taken to extent of available capital gain.In fact they should have allowed in 1431A , full set off as they were aware of B/f capital loss

Thanks & regards
Yashesh Gala

How to add Warehouse details on DGFT PORTAL?

Dear Experts,
1 A company is purchasing the drinking water in three types.
a. Type 1 : As a tanker lorry load.
b. Type 2 : As s unpacked cans.
c. Type 3 : As a packed cans
2 Query:
GST implications on these types?

Dear Sir,

We have hired 6 seater car for our company for Rs 2000/- including fuel from unregister person.
This Car is used for our auditors.

My Question is how much minimum reverse charge we can pay for this hiring. Is it possible to pay 5% Reverse charge and in this rate of reverse charge cenvat credit is allowable?
Pls advise.
Regards
Motilal

Dear Experts,

1 A company purchases a car for buisness purposes, which sale value is more than Rs 36.00 L.
2 This sale consideration consists of Ex Show Room Price, Road Tax,Insurance, handling charges etc.
3 Dealer collects 1% TCS from EX-showroom price.
4 Query is:
Whether the dealer needs to collect the TCS at 1 % on Ex-sowroom price or inclusive of all the charges as mentioned above

Respected Sir/madam, I have received security service from a unregister organization, Should i pay RCM on Paid of Security amount. Kindly Suggest.