GST QUESTION

142 views 1 replies

1) Pvt Ltd Company  annual turnover for the F.Y. 2019-20 IS 1.51 Crores (I.E. Sale -1.20 crores & labour Charge 0.31 Crores) can we take QUARTERLY GSTR1 RETURN facility for the running  F.Y 20-21 ......

2) For GSTR3B Can We Use 100 % Input Credit from April,20 to Aug,20 or follow  IN PREVOIUS rule restricted to 10% ITC  of the eligible credit available in respect of invoices

URGENT BASIS...….

Replies (1)

1) Quarterly returns limit is 1.5 crore, so monthly returns to be filed. 

2) Notif. 30/2020-CT relaxed matching GSTR 2A and ITC as per books for the period Feb - Aug 2020, with the condition that it is to be performed on a cumulative basis in Sep 2020 GSTR 3B returns. So for Apr-Aug 2020 can claim ITC 100% but ensure reconciliation with GSTR 2A done in Sep 2020.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details