ASMT 10 was issued on 14th sep but due to some technical glitch notice missed our eyes and on 17th oct we got a reminder to file reply by 21st oct. We replied asking for extension of time through ASMT-11..but till date no reply is received and window too is closed for reply...how to reply the notice now...?

Sir / Madam,

We are regular Dealer in GST

In May24 GSTR1 return we have entered a credit note (sales Return – party sent a part portion of consignment) for the sales we made in Apr24 in table no 9B (Credit / Debit Note Registered)
As there was no other liability in IGST tax it shows as negative liability in Total of GSTR1 return.
But in GSTR3B zero in IGST Tax Column as there was no IGST liability.

Again in Jun24 GSTR1 we have entered another credit note (sales Return -party sent another part portion of consignment) for the sales we made in Apr24 in table 9B(Credit / Debit Note Registered) but this month we have Igst tax liability to some extent and not cover the full liability, so the total of GSTR1 shows a negative liability in IGST tax after adjusting the IGST tax liability in that month.

But in Jun24 GSTR3B also zero in IGST tax column as there was a little IGST tax liability not covering the negative IGST tax liability in the credit note which was raised in Jun24.
Since then we do not have IGST tax liability till Aug2024.

In September 2024 we have some IGST tax liability to offset the negative liability there was no provision in filing the GSTR3B.

By googling, we find there was a service added in the GST site like Negative Liability for Regular (previously only for composite dealers is available)from September2024 But it does not consider the opening balance on the date 01.09.2024 and we cannot explore before that date) In Our case the negative liability occurs before 01.09.2024(in May’24 and Jun’24) Hence we could not brought forward the negative liability.

Hence we file our Sep24 GSTR3B we offset the negative liability as we can claim like ITC reversed earlier. Now the reclaimable statement shows a negative balance in IGST claim column.

Kindly advise us how to rectify the same.

A Lot of Thanks in Advance

With Warm Regards,
Bazeer L

what will be the treatment in the case of individual books
when only single single ledger is maintained , then no issue but
when Fixed or current capital maintained,
the how to make adjustment of profit /Loss or other transaction,

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how to make treatment in accounts for advance paid and received in accounting and adjustment in accounting and also for tax purpose , income tax and GST.
Please reply.

Sir
One of my client recieved notice from GST department regarding GSTR-1 belated filing during the year 2020-21 (April 2020 to August 2020) Covid - 19 lock down period with late fee payable per day Rs.50/-. Please let me know late fee liability is applicable for GSTR-1 for that time. Please provide any notification or circular numbers for the exemption of late for lock down period.

Hello every one,

one of our foreign vendors want to file form 10F but they could not register in income tax without PAN. OTP is getting delivered to email but not on mobile no and both OTP is required for registration.

what is the solution ?
is there any helpline number or email id where we can get prompt response.

WHERE TO REPLY TO 133(6) IN PORTAL?
1st option is quck links/comply to notice wherein, after writing din and OTP, it says INVALID DIN. MY DIN IS example ITBA/AST/S/133(6)/2024
-25/1111111111(1). WHY IS IT SHOWING INVALID DIN?
2nd option is e-proceedings where i cant find that notice.
3rd option is after loggin in, compliance portal/view notice where i cant find that notice either.

my question is --> is there any format of DIN? may be we cant write brackets, still its showing invalid din.
MY FEELING--> no idea how to reply to 133(6) on portal.

If I am getting the advance recd from my client whose name is ABC and located at Europe
Advance Remmitance on 08/12/2022 dollar 80965@82.255 =6659776/-
Bank has crediting me 6656278.40 means 80965@82.211

and I have bill raised to my client whose name is abc located at Europe against advance received
Bill raised on 13/03/2024 80965@82 means 7459130/-

What is the complete Accounting entry including provision entry, currency fluaction and any other entry if you have suggest me if F.Y. 2022-23 & 2023-24

Dear Expert,
My company name is ABC india Pvt Ltd located at India sold export goods to XYZ located at europe detail is given below here
Sales booked on 04/03/2024- DOLLAR 5000 @ 83.30
But remmitance recived from the ABC company in the installment basis
FIRST installment recd on 28/03/2024 dollar 2000 @84.50
Bank has credited the amount to me 166000 means @ 83
SECOND installment recdon 25/04/2024 dollar 3000 @ 82.30
Bank has credited the amount to me 254100 means @ 84.70

What is the complete Accounting entry (including provision entry and currency fluaction and any other entry if you suggest me ) of the above given example if financial F.Y. 2023-24 & F.Y. 2024-25.