dear friends,
I am a dealer . suppose I bought computer systems worth 50000 and adding 18% tax would make it 59000 . and I am selling the computers to a consumer at 75000 and adding 18% tax would be
88500 . so I am supposed to get 9000 (paid to my supplier) tax as a refund and pay only 4500 rs . how and where do I file it the GST portal to get the refund .
please help .
Menu
Filing gst return
Replies (8)
4500 can be claimed as a refund by submitting a refund application form RFD – 01. This can be done online on the GST Portal/ GSTN
In my view there will be no refund because output tax =13500, input tax=9000. So you have to pay 4500 as tax
REGISTER YOURSELF IN GST.. FILE GSTR1/3B AND THEN PAY THE LIABILITY
U HAVE TO PAY THE NET RS. 4,500 VIA FILING GSTR 3B FOR THAT MONTH
thank you for your valuable comments 😊😊
No different from earlier like if input tax is 9000 and out put tax is 13500 = balance you have to pay , all these are done in the portal itself by way of
1. 3b
1.GSTR 1
1. Create challan for epayment
1
if I bought the systems in the month of October and sold it in November . can I still get the inward tax refund if I file the return in the month of January .?
if I bought the systems in the month of October and sold it in November . can I still get the inward tax refund if I file the return in the month of January .?
Recent Topics :
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
- Question on buy back of shares
- Saving corporate tax completely on profit from rea
Related Topics :
CAclubindia
