In FY-2021-22 March monthly, credit note issue than the output tax in sales, i.e. because the input is more due to sales returns, zero output tax has been shown due to taking negative balance in GSTR3B. The difference between GSTR1 output tax and GSTR3B output tax is received. Negative balance as per GSTR3B.

FY 2021-22 GSTR9 Return Table Part V S.No . 11 the tax amount to be adjusted to the input credit note balance is shown with a negative balance.

In FY 2022-23 April monthly, balance input amount has been reduced from out tax to credit mouth and paid. The difference between GSTR1 output tax and GSTR3B output tax is received. Positive balance as per GSTR3B. But how and where to show the FY 2022-23 GSTR9 Return?

Dear Experts,

A registered jeweler purchase old gold ornaments worth Rs. 50,000/- from his customer (Unregistered) and in exchange of that sale new gold ornaments worth Rs. 1,00,000/- to the same customer. Then on which value GST shall be collected on Rs. 50,000/- or on Rs. 1,00,000/- for this transaction.

Jeweler will receive only Rs. 50,000/- in cash/bank and the rest Rs. 50,000/- in form of old gold.

Thanking You
Nirmal Dave

Dear Friends,

I shall be grateful if you can share your opinion on the GST liability of a A Pvt Ltd company which sold a used car recently. The company is not registered in GST as there is no turnover in the company. The facts are as follows:

Car was originally purchased in 2012 for Rs 7.50 lacs app, Sold in Nov, 2023.
Sale Consideration amount Rs 2.50 Lacs.
WDV of the car on 31/03/2023 as per last audited balance sheet.

1) As per Companies Act,2013 : Rs 37108
2)As per Income Tax Act : Rs 1.26 lacs

Profit and loss on sale of car
1) As per companies Act- Profit-- 2.13 lacs
2) As per IT Act- Profit-- Rs 1.24 lacs

My queries are :
1)Is the company liable to pay GST on sale of car and at what rate.
(At present the company does not have GST number)

2)If there is any tax applicable in case of sale of company car please inform.

Please give valuable advice in the above matter.

Thanks & regards
N Kadam

Inventory and Capital goods purchased before the GST regime and Cenvet credit has taken now Company declare this items as obsolete inventory my question is that Cenvet credit taken before GST regime needs to be reversed in GST Regime.

Dear Experts,
1 A company pays Rs 45,0000.00 to the service provider after deducting the TDS u/s 194C
2 After the certain period, the same service provider provides the service for the amount of Rs 20,000.00
3 Upto this second time service provided by him, the total trasaction value does not cross Rs 1,00,000.00
4 The query
Whether the company needs to deduct the TDS on this second time payment.
Since upto this second time payment, it does not cross the limit of Rs 1,00,000.00
Or once the TDS attracts, it needs to be followed in subsequent transactions.

Dear Sir

By mistake in our last year few import invoices( basic amount before gst)shown under in purchase GST head and tax show under IGST. Now return file has been submitted so in future we will face any circumstances due to this reason. Please guide us.

which document will be issued for supply of goods (stock transfers) between distinct persons?

Our asset got damaged and become unusable, hence we sold the same as is where is basis.
asset book value = 50
sold after damaged = 8
balance book value of asset =42
Insurance claim = 100
diff = 58 excess, on this Rs. 58, payable any GST on this insurance claim? or show only gain income in p&l

Death of a partner in a partnership firm. Now new GST registration will have to be taken or there will be amendment in the same.

While filing GST appeal, the disputed tax is not appearing in the DISPUTED AMOUNTS/PAYMENT DETAILS. How can i pay the disputed tax? I am not able to pay the disputed tax. The appeal can not be filed without paying 10% of the disputed tax.Can the experts throw light on this issue please.