By mistake while filing 3B we forget to give effect of Credit Note received from supplier. (FY 2021-22 & 2023-24) But same is not utilized against any GST liability.
We realized in month of June 25. My question is can Department charge Interest on wrong ITC claimed... I am reversing Excess claimed ITC

I am a composition dealer in GST. I have missed to file return of FY 2022-23. Now i want file CMP 08 for all four quarter and GSTR 4 annual return for FY 2022-23. My taxable turnover for all each quarter is 250000 and total turnover for FY 2022-23 is 1000000. Hence i have to pay gst of Rs. 10000 i.e. 1% of 10 lacs. I also have to pay interest @ 18% p.a. for late payment of tax via CMP 08. My question is that whether interest is auto calculated (auto populate) in CMP 08 or GSTR 4 or i have to manually calculate interest and have to paid via CMP 08. Just like interest gets auto calculated in 3B, does it happen in Comp 08 as well?

Please guide the steps to obtain the TRC Certificate and Form 10F for Non-Resident Companies.
Which details are required to obtain above both certificates.

WE HAVE FILE GSTR 1 WITH EXPORT SALES FOR RS 100 IN THE MONTH OF DEC 24 CONTAINING INV NO 1 TO 10 , AND 10 NO INVOICE GET RTETURN IN THE MONTH OF JAN 2025 , THEN HOW TO FILE GST REFUND FOR THE MONTH OF DEC 24 AS EGM NOT FILLED FOR INV NO 10.
CAN WE EXCLUDE INV NO 10 AND FILE GST REFUND AT STATEAMENT 3

Can Proceedings under section 147 can be initiated without giving opportunity of being heard via giving show cause notice u/s 148A?
If no whether there are any favorable case laws ?

which tds section applicable for this sac code 998586

When we file GSTR-1 with mandatory hsn code summary for May 2025, We mistakenly input all the values(B2B + B2C) in B2B column. How to rectify this mistake ? Is there any issue ?

in January 2025 - worth of Rs 8100 ITC invoice uploaded to my GSTIN it was ineligible so reject that ITC / invoice from IMS, later in march 2025 for same invoice debit note was uploaded by mistakenly i was unable to reject that debit note... so extra 8100Rs tax amount debited from my credit ledger balance. so how i take my extra debited 8100 tax amount?

Is it EBITD or EBIT to apply the formulae.

Dear Sir,

A Pvt Ltd company applied for Fully certain Fully Convertible Debentures of B Pvt. Ltd. on which 150lacs was due on application and allotment and 150 lacs on 1st Call.
A Pvt. Ltd paid 150 lacs on application but failed to pay call money of 150 lacs despite repeated reminders and B Pvt Ltd as a consequence of non payment of call money forfeited the 150 lacs paid on application and allotment.

Queries:
1. For B Ltd is it a capital profit hence not taxable.
2. For A Pvt. Ltd. what is the accounting treatment of debenture application money of Rs 150 lacs forfeited. Can it be claimed as loss and A Pvt. Ltd. and can take tax benefit on it.

3. What if a third company C Pvt Ltd wants to take over/merge with A Pvt. Ltd. can it take tax benefit of loss in the books of A Pvt Ltd on account of loss on forfeiture of debentures and carry forward the loss up to 8 years

Please share your views.

Thanks
PC Joshi