Sir, I have notice a mistake while preparing GSTR9. The Mistake was, in 2017-18 January month GST filing, I had correctly shown sales invoices in GSTR1 ( Interstate and intrastate), But in GSTR3B, I was wrongly shown IGST as CGST and SGST and pay taxes accordingly. Is there is any option to correct these mistakes in GSTR 9? If possible, kindly share. thanks in advance.
Lease agreement will be entered with builder where no lease rent will be paid by lessee(builder). Lessee will construct one floor and operate it for 4 years by subletting the property.
what will be GST implications for lessor for entering the lease agreement without lease rent.
We have raised an Invoice in the month of July 19 to a party. The party has filed their GST-3B and has duly claimed ITC. But at our end the Invoice was cancelled by mistake and we have not considered the same in GSTR-1 for the July 19.
Please suggest how can we reverse the Invoice and party can reverse the ITC claimed.
There is hospital and medical store under the same PAN in the constitution of Private Limited Company and it has applied for GSTIN. The hospital is wishing to pay professional fees to their directors who are doctors by profession.
Then whether the company has pay GST on reverse charge basis on the professional fees?
If paid in reverse charge then whether it can be claimed as ITC ? or it has to proportionately used for taxable supply and exempt supply?
Dear Sir, We have come up with an improvised "Khol" which traditionally is made from Mud body and bovine hide. We have done away with leather and also the mud body which is not durable. Even traditionally, there are variants in khol body such as brass body (+ leather) and from recent past with fibre body (+ leather). Understandably the manufacturing of these brass bodies today are done with making moulds from machines. In other words, everything cannot be handmade. Some lathe machining, etc will be used to some extent.
Our aim was to make it durable, tunable and cruelty-free. We have achieved all this with good sound quality. Our khol's body is made up of fibre glass made in a workshop. Nuts and bolts are used to make it tunable. A plastic ring was obtained from a small scale industry after getting it moulded in a machine.
Can anyone kindly guide us whether our khol will still be eleigible to be categorised under "Indigenous handmade musical instruments" and thus fall into GST exemption (NIL) scheme or under 92060000 as Percussion instruments?
Appreciate replies. Thank you very much in advance.
As in GSTR 9C Excel utility in PT IV (14) i.e.. Reconcilation of ITC declared in Annulal Return (GSTR9) with ITC availed on expenses as per audited Annual Financial Statement or books of account, whether we have to put expenses from July to March or April to March.
WHETHER POST OFFICE AGENT AND LIC AGENT HAVING COMMISSION INCOME ARE COMPULSORILY REQUIRED UNDER GST TO HAVE GST NUMBER. THEIR ANNUAL COMMISSION IS LESS THAN RS. 10.00 LAC AND HAVE ONLY BANK INTEREST AND COMMISSION INCOME.