A gst registered regular scheme dealer cancel of gst registered.closing stock value rs 5 lacs.
Question:
1.closing stock treated in gst act.
2.cancel of gst registered after filling for gst returns.dealer turnover yearly below Rs:1 crore.

We need to raise debit note to one of our sister concern towards salary reimbursement along with GST. The same sister concern are our sub contractor.

Kindly guide whether we should issue debit note or tax invoice for the same and how it can be shown under GSTR 3B and GSTR1.

Or they need to raise credit note???
Please Guide.

Sir,

I have applied GST Refund For Q3 2017-18 Clamied Refund Amount rs. 55016, I have received GST RFD 04 Provision sanctioned 49,514 10% Amount we will get refund or not , or it is back credit to our ledger

Plz kindly explain this

Thanking you

SIR
Plz tell me what is the last date of Annual General Meeting to be conducted for a Company which has started its business from Apr-2019 ?

Guide me plz
thanks in advance

Please inform what is the GST rate on tea stall having turnover of 75 Lacs?

GST was paid on reverse charge basis on long term lease of land from a Government agency. However, after payment of GST, the lease was cancelled. Can refund application be filed for the amount of GST paid under RCM earlier in this case? If so, what is the procedure.

Dear Experts, we have taken ITC in Dec-2019 GSTR 3B as per below :-
Output : IGST @18% = 285260/-
Less : Input : CGST@18% = 113126/-
SGST@18% = 113126/-
And we have paid balance payment through cash ledger.
Now due to Covid-19 & crisis of funds, we have not made the payment to this dealer
till today. And we have to reversed GST with interest in Aug-20 GSTR-3B.

1) Kindly suggest us which GST we have to reversed either IGST or CGST + SGST.
2) Interest Rate? Is the interest period start after 180 days. i.e. if we delay by 195 days.
we have to pay interest for 15 days.

I am not clear & confused about the above facts. Kindly suggest me what will the remedy.

Regards,

Rakesh Sharma

Sir,

We are yet to file GSTR 3B rtn. for June and July 2020. While the last date for filing is 23rd Sep and 27th Sep respectively, shall we file 3B rtn. for Aug now ( before filing 3B rtn. for Jun and Jul ) as the last date for Aug 20 is 20th Sep 2020.

Pls. advice.

Hello All,

We are a premier institute of Technology of National importance. we developed an online course that will be offered by a Research associate from Auckland university, Newzealand. In addition to course, the research associate shall also develop experiments in embedded systems and work on joint research with our institute. The research associate was engaged for 6 months period. The term of Payment was that amount will be paid to the University of Auckland.
we have now received an invoice in NZ dollar for 28,700 raised by the University of Auckland. Please guide us w.r.t to remittance to a Non-resident university in compliance with section 195, DTAA and rule 37BB.
Queries:
1. Whether amount is chargeable to tax under provisions of the Act?
2. In whose hands is it taxable? The University or Research Associate?
3. If the amount is deductible then at what rate?
4. If amount is chargeable under the provisions of the act but DTAA exempts such payment from Tax in India, then which part of form 15CA is required to be filed?whether (part B or Part D).

Whether the maturity amount received for a life insurance policy (policy term 7 years; sum assured Rs.2.5 lakhs; premium paid Rs.4.2 lakhs @ Rs.60000/- p.a.; maturity amount Rs.4.36 lakhs)qualifies for exemption under Sec. 10(d) of IT Act? If NOT, what is the tax payable on the maturity amount, whether any concessional rate or at normal rate? Pl clarify. Thanks.

D V SEETHARAMAN