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Annual return - goods transferred to branch
hi friends one of my client transferred goods of rs.8 lacs to his branch from h.o. which shows under sales in p&l account for the FY 18-19.however he didn't mention this 8 lacs in 3b because he said it is not sale bcoz I transferred my branch onlynu. my doubt is, in gstr 9c I show book sales as well as 3b sales.. difference 8 lacs comes. what should i do.whether I pay tax for this 8 lacs or ? kindly guide me friends.Thanks
Replies (4)
is it for FY 2017-18 or FY 2018-19, if it is for FY 2018-19 then still gou have time for amendment declare sales in next month return and pay with interest. If it is for FY 2017-18, then declare sales and pay tax through DRC-03
Yes in GST as per Schedule 1, it' constitute a supply the goods transfer between distinct Person.
Hence Report It's table 4 Of GSTr 9 of Head office & pay the tax with interest & setoff it by filing DRC 03 .
Hence Report It's table 4 Of GSTr 9 of Head office & pay the tax with interest & setoff it by filing DRC 03 .
fine.thank you
The last date for furnishing of Annual Return in the FORM GSTR-9 / FORM GSTR-9A and Reconciliation Statement and Audit Report in FORM GSTR-9C for the financial year 2017-18 has been extended from 31st August, 2019 to 30th NOVEMBER 2019.
REMOVAL OF DIFFICULTY ORDER No. 07/2019-CT dtd. 26.08.2019; issued.
REMOVAL OF DIFFICULTY ORDER No. 07/2019-CT dtd. 26.08.2019; issued.
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