As per the second proviso to the Section 10 of the CGST Act, a composition dealer can supply services of the value not exceeding 10% of the turnover in a State in the preceding financial year.

Hence, a manufacturer who is a composition dealer can supply services, 10% of the turnover of the preceding year and pay GST @ 1% both for the supply of goods and services.

Example: Turnover in the preceding financial year is Rs.70 Lakhs, then the manufacturer can supply services for a value of Rs.7 Lakhs and pay GST @ 1% i.e. Rs.7000 along with supply of goods.

Please confirm if my understanding is correct.

You are discharging your outward tax liability with maximum utilization of ITC and depositing the cash below the ratio of 10%,therefore you are directed to explain your position on the same..3

I have been asked above mentioned query..what does it mean? and how to explain this? this is for the financial year 2020-21

ttention – Hard - Locking of auto-populated liability in GSTR-3B
Oct 17th, 2024

1. In order to assist taxpayers in filing their returns and minimizing human errors, GSTN has continuously improving the GST return filing process and in this endeavor the GST Portal now provides a pre-filled GSTR-3B form, where the tax liability is auto-populated from the declared supplies in GSTR-1/ GSTR-1A/ IFF by the supplier, while the Input Tax Credit (ITC) is auto-populated from GSTR-2B. A detailed system generated pdf of the auto populated GSTR-3B is also provided to all the taxpayers.

2. Now, taxpayers also have a facility to amend their incorrectly declared outward supplies in GSTR-1/IFF through GSTR-1A, allowing them an opportunity to correct their liabilities before filing their GSTR-3B. Additionally, to manage inward supplies and ensure accurate ITC claims in GSTR-3B, taxpayers have the option to take informed actions of accept/reject/pending on inward supplies via the Invoice Management System (IMS) which is now available to the taxpayers.

3. It may be noted that tentatively from January 2025 tax period, the GST Portal is going to restrict making changes in auto-populated liability in pre-filled GSTR-3B from GSTR-1/1A/IFF to further enhance accuracy in return filing. It is once again suggested hereby that in case any change is required in auto-populated liability, the same may please be handled through GSTR-1A.

4. However, locking of auto-populated ITC in GSTR-3B, after the roll out of IMS, will be implemented from a later date. For the same a separate advisory would be issued after addressing all the issues related to IMS, raised by the trade.

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...?

Hi

I am providing astrology consultancy to clients outside India. Can I do export of services without GST. If yes what are the condition for that and the procedure.

Regards
Pooja

Dear sir i am registered as business correspondent with banks and some commision agent work my under, which are not registered in gst. At the end of the month i pay commision to each person. I pay gst on that amount as reverse charge which notified in sec 9 (3) of cgst act. Kindly tell i can claim itc as same or not

In my family we are 3 member ..can we run multiple unregister propritorship firm at same business place with proper billing and stock maintaince in each firm turnover is less than 40 lakh..

my main question is any proble arrive when gst official visit our busibess place??

In my family we are 3 member ..can we run multiple unregister propritorship firm at same business place with proper billing and stock maintaince in each firm turnover is less than 40 lakh..

my main question is any proble arrive when gst official visit our busibess place??

Dear Experts,

Kindly share your views on the below described issue with notification/circular/case study:

Company having all his business and registration in West Bengal owns a residential property at Odisha.
The mentioned property rented out to a registered company of Odisha as residential property used for residential purpose only.

What will be the applicability of GST in the above mentioned scenario? Will it be IGST (RCM) or CGST-SGST(RCM) in the hands of Owner as well as Tenant?

Thanking you in advance for your suggestion.

AS WE MAKE PURCHASES.....& ACHIEVED TAGET OF PURCHASES

PARTY HAS ISUUED......DISCOUNT A/C...CREDIT NOTE ..SAY 5 LAC...QUARTERLY>>>>WITHOUT CHARGING GST

GST OFFICER SAYS....YOU HAVE TO PAY.....GST ON DISCOUNT.....OR...YOU HAVE TO PROPOTIONATELY ....ITC TO REVERSED.....



WHAT IS WORKING FORMULA.......TO PAY GST ON.....NON-GST FINANCIAL TRANSACTIONS OF RS.20 LAC FOR FULL YEAR....FY-2020-21