Firm A has both exempt & taxable turnover. It has reversed all ITC of bank. Then reversal of such ITC is to be shown under which head in Table 7 of GSTR-9?

Hello,
I need clarity regarding GST compliance for operating a crypto P2P platform.

My monthly turnover is approximately ₹30 lakhs (annual turnover > ₹3.6 crore). I want clarification on the following points:

Is GST registration mandatory for running a crypto P2P facilitation platform, and is it treated under

“Online Information & Database Access or Retrieval Services (OIDAR),”

“Intermediary Services,” or

“E-commerce Operator (ECO)” as per Section 52?

Applicable SAC/HSN code and GST rate for commission/fees earned from crypto P2P transactions.

Whether GST liability applies only on platform fees/commission or also on the value of the crypto traded between users.

Whether the platform qualifies as an E-commerce Operator and if TCS (Tax Collected at Source) requirements apply.

Monthly/quarterly compliances required – GSTR-1, GSTR-3B, annual return, etc.

Any additional compliance specific to VDAs (Virtual Digital Assets) under GST laws.

Looking for guidance from professionals experienced in GST treatment of crypto P2P busine

Dear Sirs/ Madams
Company A ceased to be a small company during FY 2023–24 and, accordingly, applied for and obtained an ISIN. It has not yet completed the dematerialisation of its shares. However, due to the amended definition of a small company, Company A now falls under the revised criteria and again qualifies as a small company.

In this situation, is Company A still required to proceed with the dematerialisation of its shares, or can it discontinue the process since the revised definition no longer makes dematerialisation applicable to it?

Kindly resolve

Thanks in Advance

WHETHER EXPORT OF SERVICE IS EXEMPT UNDER GST WITH CONSIDERATION??

Need a reply..a company which has outstanding payable with regard tobdirector remuneration for years ... company not in a position to repay as due to loss....so can we treat that as income and write off through pand l account as gst is not paying as remuneration for working director..pls clarify..and we are showing like that how to make disclosure in director report and audit report

I have a JDA with the Developer on 19.04.2013 with ( 45% of mine as a Land owner and 55% of Developer). Developer complete the project in the Year 2023-24. Completion Certificate received on 22.04.2023. After that the Developer start to pay the consideration to me in the Year 2023-24 and 2024-25.

I know that I have to pay CG tax in the Year 2023-24 but what about the consideration money received in the Year 2024-25. Is CG tax are applicable on this ??? if Yes, than what is my COA.

Help me to advice this please

Hi,
XYZ ltd has import two product say A and B
Qty 2000, 2000, A In $7 and B In $13

But xyz has incurred 131000 In custom clearance expenses like CFS & shipping line Etc. Except duty.
Now question is: should expense 131k be divided qty wise like 131000/4000
Or whereas total cost of goods is $40k and 65% cost pertain to product B and rest 35% to product A, so In 131k should be allocate 65% to B, and 35% of 131k to product A as costing.

Pls suggest......

I am trying to file ITR-6 for a Pvt Ltd Company in which Tax Audit and Transfer Pricing are applicable for A.Y 2025-26. Both Tax report and Transfer Pricing are uploaded within the due date. Now when i am trying to file the ITR, portal is not allowing me to file the same due to, Due date of filing ITR of Transfer Pricing is 30.11.2025 whereas extended due date for companies other than Transfer Pricing is 10th Dec 2025. Now my ITR is not accepted in 139(1) and also when i am trying to file it is 139(4) along with Late Fees Rs 5,000/- then also it is saying that filing of belated return has not yet started.

Pls guide how to resolve this issue.

Dear Experts,

My friend is running a Proprietary business dealing in supply of School books and note books, uniforms and other stationery items to B 2 C customers. He has GST registration and has filed GST returns for the year 2024 - 25 for the Taxable sales and has omitted to record the Exempted sales, thinking that, as there is no tax commitment, exempted sales need not be shown in GST return.
Now, he has realised his mistake and want to update the GSTR 1 for FY 24-25. How can this be done, because, he could not update the previous year's B2C sales in GSTR1 through Amendment, as the said year is not available for amendment.
The exempted sales is spread over for various months in the previous year and moreover, there is a vast difference in turnover reported in IT return when compared to Annual GST turnover.
How to solve this. Please advice.

If taxpayer has itc of last year which has been reversed in current financial year in which table we can show that reversed itc in gstr 9
In table 6(A) with minus sign
Or table 7 or itc reverse......