Is there any issue if we do not book interest and salary for working partners to adjust the profit? This year, we are in a loss and do not want to book interest and/or salary for partners.

Is it allowed?
Are there any formalities to follow for the same?

I am a cable tv operator my turnover is under 20 lakh limit so I am needed to continue my gst or can I cancel my gst registration or is it mandatory for service provider.I do not want any input tax credit.

R/sir

We have reversed ITC in 3B under table 4 b(2) the in FY 2023-24 and issued a debit note to supplier and they issued the credit note in March-2025 ( FY 2024-25) and upload the GST Portal. and balance laying in ITC Reversal Ledger till date.

Can we reclaim the ITC against ITC reversed in FY 2023-24 out of reversal ledger in 3B of March-2025

Thanks

IS 12 lakh exemption applicable to HUF and partnership firm for F.Y. 2025-26?

Sir,
We have supplied material in the month of June 2024 and in March 2025 material returned after material received we issued credit note with GST and reported it in GSTR 1.
Now my quarry is this material returned after 6 Month of supply, so I have issued debit not for GST amount of Credit note which I have issued in the month of March and reported in R1. now question is this debit note of GST amount to be report in GST R1 or GST R 3B

Q.1 A commission agent dealing in the sale of land, being immovable property and providing services to UNREGISTERED PERSON, is he liable for taking compulsory registration even if turnover is below 20 Lakhs?
This question arises in terms of the definition of " Agent" under Section 2[5], under Section 7 and Entry No. 5 of the Schedule III, who is supposed to deal only in goods or services. Land, not being goods, is it sustainable to demand GST on such commission? Please clarify.

Q.2 Can commission agent of land take the full value of consideration firstly in his account, then deduct his commission & then further transfer the balance amount to original owner of land, what will be treated as turnover of the agent then?

OUR CLUB PURCHASE KAYAK & WIND SURFING FOR OUR MEMBERS CAN ITC CAN BE TAKEN ON THAT OR NOT

Sir/Madam,

Taxpayer have a Gst registration in the state of Goa. Now he starts his trading business at Maharashtra also. He applied for separate Gst registration in Maharashtra State. Officer raised queries
1. Provide a Reg. certificate issued under a Maharashtra Shop & Establishment Act. (As far as my understanding this registration required only if number of employee exceeds 10. Also GST law does not make this compulsory. If it is compulsory then it would have ask at the time of online submission of application.)
2. Permanent residential address of applicant is out of Maharashtra, you are suggested to submit legal and valid proof of present residential address in Maharashtra as required under MGST Act 2017. ( Taxpayer is not residing in Maharashtra, he hired staffs to manage the business. How to provide this ?)
3. Provide Property Tax Receipt ( Copy of Electricity Bill already provided )

How to reply this notice ?

Rupay Gift Whether Stamp Duty Charges in the State of Maharashtra?

Sir
I was registered as GSTP in JULY 2017 and doing some account work also but never file GST returns of any PARTY ON MYBEHALF(GSTP). Now I wish to start stationary business trading for industries. But while applying for GSTIN portal shows ALREADY registered as GSTP
My queries is
should apply for GSTIN or applied by name of my wife?
If apply on my name any issues raised in future (becoz GSTP) ?
Please guide right way