VARIOUS NOTICES HAS BEEN ISSUED BY GST DEPARTMENT FOR DIFFERENCE IN ITC CLAIMED IN GSTR 3B AND GSTR 2B FOR FY 2017-18 AND 2018-19. THE ASSESSEE HAD PROVIDED THE INVOICES AND PAYMENT PROOF TO THE OFFICER FOR SUCH INVOICES WHICH WERE NOT REFLECTED IN GSTR 2B. THE OFFICER DISALLOWED SUCH CREDIT NOT REFLECTED IN GSTR - 2B. IS THE ACTION OF OFFICER JUSTIFIED, IN DISALLOWING ITC OF ASSESSEE ON ACCOUNT OF MISTAKES MADE BY SUPPLIER. PLEASE PROVIDE THE GROUNDS AND ANY STANDARD DRAFT SUBMISSION FOR SAID ISSUE.
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Any GST is payable on corporate guarantee given to sister concern? Is corporate guarantee a service liable to GST?
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Where the credit has accumulated on account of rate of tax on inputs being higher than the rate of tax on output supplies, refund can be applied under Section 54 of the CGST Act, 2017 read with Rule 89 of the CGST Rules, 2017. Please advise how wiil we calculate the eligible refund amount in the following case wherein at the end of the tax period there is closing stock much higher than the sale of goods. For Example Information Pertaining to Inward Supplies Particulars Value Rate of GST GST Amount Inward supplies Rs 100…
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Assessee is partnership having 4 partner engaged in the business of construction of housing project. Two partners express their desire to retire from partnership. As a consideration on retirement they are going to received constructed area in the housing project with in next 4 years which includes residential as well as commercial units. What is tax implication under GST act of this transcation . Who is liable to.pay gst and when.
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Assessee is garage owner for repairing motor cars and register dealer under GST , has executed an franchise agreement with the other person on 1.04.2021 and date of commencement of franchise period of 3 year is from 1.06.2021. Assessee received some amounts from the other person in the month of March 2021, which will be adjusted towards franchise fees which is going to be operative w.e.f .1.06.2021. Whether amount of GST is to be paid in the month of March 2021 or June 2021
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IN CASE OF MINING INDUSTRIES (QUARRY BUSINESS), GST IS PAID ON RCM BASIS ON ROYALTY PAID TO GOVERNMENT FOR EXTRACTING MINERALS AT 18% AND AFTER PAYMENT ITC IS ALSO AVAILED IN GST RETURN. WHEREAS ALL SALES IS AT 5% LEADING TO ACCUMULATION OF ITC. Q1 - HOW TO CLAIM REFUND OF SUCH ACCUMULATED ITC MAINLY DUE TO RCM PAYMENT OF ROYALTY Q2 - WILL SUCH ITC AVAILED ON ROYALTY CLASSIFIED AS ITC ON INPUT SERVICE Q3 - THE SUPREME COURT HAS RECENTLY DISMISSED THE GUJARAT HC JUDGEMENT IN CASE OF VKC FOOTSTEPS INDIA - WHAT IS THE POSITION NOW. Q4…
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ASSESSEE EXECUTED BANAKHAT (AGREEMENT TO PURCHASE LAND) FOR TOKEN CONSIDERATION OF RS. 10 LACS. NOW ORIGINAL OWNER IS SELLING LAND TO THID PARTY AND ASSESSEE RECEIVES RS. 30 LACS AS CONSIDERATION FOR SELLING/RELINQUISHING RIGHTS IN THE LAND BY CANCELLING ORIGINAL AGREEMENT TO PURCHASE. WHETHER SUCH SUM RECEIVED FOR WITHDRAWING RIGHTS IN LAND WILL BE CHARGEABLE TO GST? IF YES, WHAT AMOUNT WILL BE TAXABLE - ONLY THE PROFIT MARGIN (RS. 20 LACS) OR ENTIRE CONSIDERATION AND AT WHAT RATE IT WILL BE TAXABLE?
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ASSEESSEE GST REGISTRATION CANCELLED VIDE CANCELLATION ORDER DATED 30/12/2019 U/S 29(2C) OF THE CGST ACT. ASSESSEE HAS NOT APPLIED FOR REVOCATION OF CANCELLATION OF REGISTRATION OR NOT FILED ANY APPEAL TILL DATE. RECENTLY ISSUED GST NOTIFICATION 34/2021 DATED 29/08/2021 EXTENDED TIME LIMIT FOR FILING REVOCATION TILL 30/09/2021 ONLY IN CASE WHERE DUE DATE FOR FILING REVOCATION OF CANCELLATION OF REGISTRATION FALLS BETWEEN 01/03/2020 TO 31/02/2021. IN OUR CASE, THE DUE DATE TO FILE REVOCATION APPLICATION DOES NOT FALL IN GIVEN PERIOD. HENCE BENEFIT OF ABOVE NOTIFICATION NOT AVAILABLE TO ASSESSEE. ALSO TIME LIMIT TO FILE APPEAL HAS EXPIRED. IN GIVEN…
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Respected expert team. Commercial tax officer visited my business premises and inspected Book of accounts and etc. And they obtain written statement from me. My query is Commercial tax officer disallowed the ITC availed on purchase of car and hardware tools and I'm not charging depreciation on car and hardware tools. Kindly suggest me to deal with this me matter. Thank you Mohammad Ali Tax practitioner
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How many hard copies of appeal need to file by assessee before first appellate authority as per Section 107 of CGST Act, 2017 under GST law in absence of anything mention under said seciton ibid. Similary since GST Tribunal is not constituted and whenever it is constituted in future, how many hard copies of appeal need to file by assessee as per Section 112 of CGST Act, 2017 i.e. before Appellate Tribunal in absence of anthing mention under said seciton ibid.
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GROUNDS / COUNTER SUBMISSION FOR DIFFERENCE IN ITC BETWEEN GSTR 2A AND 3B