19 June 2019
Dear Sir, I am a builder , i sell normally each flat for RS 17,50,000, how ever in one case i sale the flat for rs 17,50,000 flat sale value, how ever i collected Rs 21,00,000 by way of account payment to my bank account i.e. my firm current account the excess amount is for interior designs & other works. my accountant shows Rs 17,50,000 in GSTR-1 & GSTR-3B, kindly confirm how to proceed in the annual return OR I can show excess amount in may 2019 month GSTR-3b & GSTR-1, which one is better and safe, kindly please guide us.
25 June 2019
declare in Annual Return coloumn No. 10 of 10,11,12&13 Particulars of the transactions for the FY 2017-18 declared in returns between April, 2018 till March, 2019.
25 June 2019
can i use itc amount which already exist in my credit ledger or i have to pay only from cash ledger and please confirm , any interest or penalty applicable or not. I have not received any notice till date.
25 June 2019
yes, you can avail ITC GSTR3B which is showing in Credit Ledger. after adjustments of Credit Ledger, balance you have to pay. Further Interest & Penalty only applicable in Annual Return. NO need to pay the any Interest and penalty. Only Late Fees is payable if you will filed the GSTR3 B after due date. Rs. 20 per day if sales is NIL and Rs. 50/- per day if sales belongs to subsequent month.
25 June 2019
i want show in annual return as per guided by you in Annual Return column No. 10 of 10,11,12&13 Particulars of the transactions for the FY 2017-18 ,sir i am asking about DRC-3 , whether can utlise the ITC available in credit ledger for payment of DRC-3
CAclubindia
