Hi
Friends , can any one tell me

1.Purchase bills on 1-4-2018

can i take ITC on it now in May-2018 or June-2018, Because Vendor given bill now

2.One bill is there 100 Rs/- and charges GST of 5+5_C&SGST , and it was wrong
calculation calculated by vendor . actually it was 10+10_C&SGST .

Now my query is should i take 5+5(By saying Discount ) or 10+10(By doing actual Calculation)

Bill is like this
Service Value 100
9% CGST 5
9% SGST 5
TOTAL 110

I have 2 questions.

1. Whether under Reverse Charge Mechanism IGST should be paid by the Importer on Air & Ocean freight in case of CIF basis contract when service provider and service recipient both are outside the territory of India.

2. If no ok.If yes can Importer take credit of IGST.

Dear Sir/Madam,

I am a registered job worker. I receive the input from principle for job work and do the job work . My Principle directly sells the goods from my premises instead of taking back delivery to his registered premises. Now my question is that Whether Should I intimate the principle regarding job work done giving reference his delivery challan details? and I will raise tax invoice within 30 days after job work once in a month? Is this procedure OK? Or is there any other procedure?

Dear Sir,

I have query on inter payment by one sister concerned for other sister concerned. I mean that one company's bank accounts is used for other company's payment.

Is this covered under GST as a supply of service to one sister concerned from other sister concerned.

Can it be treated as transaction in money to avoid the GST.
or please suggest me other ways to avoid GST.

As our Corp is providing 100% exempted Services and we have GST Registration as well. whether we need to file GST Return for Outward Supply and Input Services received.

whether we have to show profit/loss on the basis MTM on 31-3-xxxx for open position we are holding on balance sheet date. i.e if we are in buy position of ex.20000 shares (i.e. we already sold the share we didn't have) and on th basis of MTM (on 31st price) we are in loss of to say Rs.-300000. whether i have to treat this loss/profit in my ITR. since loss or profit are not actually realized.

thanks in advance

MY CLIENT PURCHASES LAND FROM THE LAND OWNER BUT EXECUTES SALE CUM GPA INSTEAD OF SALE DEED. AFTER PURCHASE, HE DEVELOPS THE LAND AND SELL THE SAME TO ULTIMATE CUSTOMERS. IS THERE ANY GST APPLICABLE ON THIS TRANSACTION?

I have sold goods worth Rs. 25000 to my customer in Karnataka after charging 5 % igst. Can I give the goods on hand delivery basis or is it mandatory to send the goods by transport ?

Dear Sir ,
WE have two units within same state having same GSTN . We transfer goods to between them through delivery challan . Can you please provide the rule . One of my friend told me U/R 55 of CGST rule 2017



Pls advise

A taxable person is registered in Gujarat. He takes part in an exhibition in Maharashtra and the supplier charges CGST and SGST (Maharashtra GST). It is clear that credit shall not be available. Whether credit of CGST shall be available? Kindly provide reference of the related provision and notification.