Dear Sir/ mam,

we have not a entered a bill valuing rs 60,00,000/- B2B Invoice

please confirm , how to proceed with the above transactions , suggest best treatment.

Club Membership Fees paid by XYZ Ltd. on behalf of the Director of the company. The director is not on the payroll of the company. Is XYZ required to pay GST on it under the category of ‘Services provided to related party without any consideration’?

Sir

can we claim input tax credit for the FY 17-18 in GSTR 3B for the Month of August 2019....?

Duty Credit Scrips issued under MEIS and SEIS scheme, if the same are sold, are exempted from payment of GST. Does this include DFIA Licence also? If yes under which notification / circular?

Dear sir/ Madam,

My doubt is we received input credit in Oct 2018 on Bank term loan . we have taken that input credit but till that amount is not showing in GST portal . we called to bank they are saying that it is not possible to reverse that return.
How to rectify this input credit..... Please suggest me .

Thanking you.

1) XYZ is registered with ‘MSME’ and as per the MSME provisions, customers who had not paid within the prescribed time limit, are paying interest to XYZ. Is XYZ liable to pay GST on the interest received? 2) XYZ had taken loan from PQR. The loan amount was re – paid before the due date and therefore as per the terms, PQR had paid interest to XYZ. Is XYZ liable to pay GST on the interest received?

Dear Experts, Our GST annual return is going on and they are checking the details of GST. In Fy 2017-18 (Mar-18) we have received advance from SEZ customer but we have don't pay the GST on advance as SEZ - Zero Rated Sales. But now auditor is forcing to pay GST liablity as we were not taken LUT registration in FY 2017-18. Please guide me as we need to pay GST @18% on SEZ sales?

IN CASE OF DEATH OF PROPRIETOR. HOW ITC CAN BE TRANSFER AND HOW STOCK CAN TRANSFER WHAT IS ADJUMENT ENTRY IN BALANCE SHEET OF TRANSFREE AND TRANSFORER? WHAT IS IMPLICATION UNDER GST AND INCOME TAX ? IF BUSNIESS IS NOW WILL CONTINUE BY NEPHEW OF DECEASED PERSON IS NOT LEGAL HAIR NOR REALTIVE OF PROPRIETOR

Sir

How to adjust IGST, CGST, SGST

As per the existing set off the following rules apply –

Payment for First set off from Then set off from
SGST SGST IGST
CGST CGST IGST
IGST IGST CGST and SGST


As per rules effective 1st February 2019, the following rules will apply for any tax payments made –

Payment for First set off Then set off
SGST IGST SGST
CGST IGST CGST
IGST IGST CGST and SGST

Please advise

Whether credit note can be issued for stock audit fees.

One ca Firm provided stock audit services and accordingly issued invoices charging GST.But now party is not making payment so the firm issued credit note to claim gst paid earlier. Whether it is a correct stand or such amount should be written off as bad debt.