I am facing problem in Gstr 9. 17-18. Means
I have Input Tax Credit in 3B = 5 lakh
I have Input Tax Credit in Books= 6 lakh.
Sir/Mam what i will do in above case where my Input Tax Credit in Books is more than from 3B. Please help how i will reconcile my book with Gstr9 ?

Is sale in transit allowed under GST ?
Please advise.

Namaskar Sir / Madam
Sir need your help. Sir I Have Taken wrong input tax credit in Gstr 3B in Month of July 2017.Sir not reverse these wrong Itc in any monthly return 3B and in f.y 2017-2018 , 2018-2019, 2019-2020 Sir just wanted to knew that how i will be reverse these wrong itc in Gstr 9 ???
Example. Itc In 3B in F.Y 2017-2018 = 10000
Wrong itc include in above amount = 2000
Sir these 2000 amount i was forgot to reverse these amount in any f.y 2017-2018,2018-2019,2019-2020. But i want to reverse these amount in Gstr 9 . So please guided me

How can we provide HSN/SAC summary in GSTR 9, when we purchased a lot of goods & services from such entity who have their annual turnover below Rs.1.5 Crore and therefore they are not bound to mention HSN/SAC on their Outward Supply Bill according to GST Council's Notification No.12/2017 Dt- 28th June 2017

My friend is selling his residential property in village for Rs 20 Lacs and intends to purchase a house in urban area Rs 18 Lacs on NOTARY. The seller is asking the money in CASH only. My questions are :
(1) Would he be able to claim exemption U/s 54F (As it is a notary and not a registry)
(2) what would be the implications to him as he is withdrawing cash from his bank account and paying in cash.

Kindly suggest urgently as he wants to close the deal early.

Thanks & Regards

Dear Sir,

My dad who was a Chartered Accountant in practice used to follow cash system of accounting while filing income tax return of his firm till 31.03.2018 and was not showing any Debtors in Balance sheet.

Now due to his sudden demise in April, 2019, we have started recovering amount from the Debtors as the firm will get dissolved in the current financial year. The amount is getting credited in Firm's bank account as we have kept the account in operation for receiving the outstanding amount.

My query is while filing income tax return for y.e. 31.03.2019 should we show the debtors amount now in Balance sheet and change the Accounting system to Mercantile while filing the return.

I am stuck in a very unwanted situation and worried about filing the firm's return since no Debtors were shown till 2018.

Please advise me on how should I go about filing the returns for F.Y. 2018-19.

Regards,
Divyesh Jain

Case LD along with gst deducted from supplier in aug 2018. as of now the same deducted amount to be refunded amount is approx 3 lacs before tax. We are public sector and refund to be made to pvt owner. In the said cases whether gst tds applicable can any body tell this

Hello
Our client had opted for presumptive taxation in last 2 years I.e As yr 2017-18 and 18-19 u/s 44ADA (ARCHITECT). Now if we want to opt out in this year I.e. As.yr 19-20, is it allowed and if yes then do we have go for compulsory Audit us. 44AB . Turnover is around 25 lacs.
Thanks

Where should i show intraday profit in itr 3 and how?

A person is holding unlisted shares purchased 30-40 years back of the companies which are now defunct/non existent. Hence PAN of the companies are not known. Please advise whether these shares needs to be reflected in ITR 2 ? If so, Is it OK to keep PAN Column BLANK or written NOT KNOWN.