CA R SEETHARAMAN's Expert Profile

Queries Replied : 41817

I am a retired Executive Director/Finance of a Navratna PSU.

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DHRITI SUNDAR DUTTA says : Applicable GST rate!
Q:#1What is the rate of GST on Penalty charged against low quality material / low GCV coal supplies by suppliers?? Your valuable reply: 5% GST applicable on such penalty i.e.same rate as applicable for material Q#2 If we consider these as penalties realised for poor quality . Will this be treated as service rendered by our company ?? And company will charge GST @ 18 % by raising GST invoice to the supplier. Waiting for your valuable reply Sir! Best regards, Dhriti Sundar Dutta

DHRITI SUNDAR DUTTA says : Applicable GST rate!
Q:#1What is the rate of GST on Penalty charged against low quality material / low GCV coal supplies by suppliers?? Your valuable reply: 5% GST applicable on such penalty i.e.same rate as applicable for material Q#2 If we consider these as penalties realised for poor quality . Will this be treated as service rendered by our company ?? And company will charge GST @ 18 % by raising GST invoice to the supplier. Waiting for your valuable reply Sir! Best regards, Dhriti Sundar Dutta

DHRITI SUNDAR DUTTA says : Applicable GST rate!
Q:#1What is the rate of GST on Penalty charged against low quality material / low GCV coal supplies by suppliers?? Your valuable reply: 5% GST applicable on such penalty i.e.same rate as applicable for material Q#2 If we consider these as penalties realised for poor quality . Will this be treated as service rendered by our company ?? And company will charge GST @ 18 % by raising GST invoice to the supplier. Waiting for your valuable reply Sir! Best regards, Dhriti Sundar Dutta

DHRITI SUNDAR DUTTA says : Applicable GST rate!
Q:#1What is the rate of GST on Penalty charged against low quality material / low GCV coal supplies by suppliers?? Your valuable reply: 5% GST applicable on such penalty i.e.same rate as applicable for material Q#2 If we consider these as penalties realised for poor quality . Will this be treated as service rendered by our company ?? And company will charge GST @ 18 % by raising GST invoice to the supplier. Waiting for your valuable reply Sir! Best regards, Dhriti Sundar Dutta

Atul Mishra says : REGARDING GST R1
DEAR SIR, GOOD MORNING WHILE I AM FILLING GSTR1 THROUGHT OFFLINE TOOLS THEN I HAVE A ISSUE ONE INVOICE IS NOT CALCULATED IN B2B INVOICE CATEGORY, WHEN I LL FILE OFFLINE THIS INVOICE THEN (ALREADY ENTER THIS INVICE )