Dear sir.
i have claimed short input as input as per 2b is 10000 but i claim 1000 by mistake in 3b in 2022-2023.should i declare this amount in new provision of itc reverse and pending for reclaim?
i have not reversed this amount but i have claimed short amount
please advice
with thanks

Dear All,

My turnover in FY 21-22 was Rs. 1.95 Cr (Net off sales return). But while filing GSTR-3B and GSTR-1 I forgot to reflect credit notes of sales return.

Now while filing GSTR-9, auto populated figures of GSTR-1 & 3B shown turnover of 2.02 Cr which is before effecting sales return.

Now As My actual turnover is below 2 Cr there shall not be any late fee for GSTR-9 but when I proceed to file GSTR-9 it shows late fee payable.

Please advise me whether late fee is applicable in such case or not?

Thanking You
Nirmal Dave

A society having 80G & 10AC(12A) worked for a training project in hills sponsored by Govt of Uttarakhand.
The work was completed in FY 22-23 & bills submitted to govt in March 23.
The State Govt booked the bills in FY 23-24 Cleared the Bills in FY 23-24.
The expenses were payable by 31.03.2023 & paid after receipt in May 23.

How do we treat the receipts in I/E account for the FY 22-23

Purchased asset and transfered xxx amount from our savings acc to sellers acc without deducting 1% TDS.we paid that 1% TDS, let' say 12,000 from our savings acc to IT for TDS.Later seller refunded that 12,000 amount by cash to us.

How we have to record journal entries this entire process in book of accounts.plz reply experts.

I wanted to know accounting effect of below transaction.
Employee from my company wants to deduct the amount from his salary and want to contribute this amount to NPS.
How do i show this transaction in my books?
Please advise 🙏

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Investment depreciation reserve held in government securities whether allowed as expenditure to claim in the case of cooperative banks

If a person makes contract for construction of cold storage and other civil activity for Rs 3500000 including value of material required for construction if contractor raise two invoices one is for material like door panel and steel for cold storage for Rs 30,00,000 and raise another invoice of Rs 500000 for labour work and civil work whether TDS u/s 194 C required to be deduct on whole 35,00,000 or only Rs 5,00,000

Dear Expert,

Can a pvt limited company provide the salary advance to it's whole time director.

Pls clarify

Can we take return goods by issuing credit note in September 2023 for goods sold in January 2023? Please clarify?