Dear community of friends and expert,

Would appreciate if you would take some time to clarify my query.

I am a courier service provided registered under GST. I have filed all the GSTR3B filings up to present month and my dues are cleared. I have mentioned the total sale and GST collected on it and deposited the same, however, I have not filed GSTR 1 ( mentioning details of the individual receiver of services). Is there going to be any penalty if I file it now(as there is no payment option in GSTR1). I have already paid the collected GST.

From what i read, the penalty on delay in filing GSTR1 is collected at time of payment in GSTR3B, but GSTR3B has already been filed, there is no clarification anywhere regarding this situation.


What would be my best bet to avoid or minimise any penalty? Should I cancel my GST number and get a new one issued to avoid any problems?

Sincerely hoping for your guidance.

Can i update GST number of a client in my gstr1 filled for the month of december 2017
as the client had taken the input credit but i have not uploaded gst number of that client in my gstr1.

Sir,

I got Notice u/s 143(1) regarding the tax demanded Rs. 200 /- . (Actually tax tax liability id Rs. 196 /- but rounded off to Rs. 200 /- )
I have not shown bank Interest of Rs. 1891 /- and TDS Rs. 194 /- while filing ITR-1.
In this notice , the above income is mentioned under other source of Income but TDS for the same is not mentioned .
I would like to know the procedure for response to that notice.

urgent......

Dear Sir,

Kindly what will be Tax Treatment of Bonus Share and Right issue share sold ?
What will be to Cost of Acquisition ?

thanks & Regards

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