Sir,
I have no IGST input credit in February 2021, but I want to reverse a previous month IGST ITC which was ineligible. Can I reverse it as negative value in table 4c of GSTR 3B .Please reply
Regards

I am a composition dealer. I have not filed my GSTR4 from FY 2019-20 to FY 2022-23. However I have paid tax in CMP-08. I did not take advantage of the amnesty penalty waiver. Now I have to file my GSTR4 yearly return but it is showing penalty of Rs 10000 for per return. I cannot afford to pay Rs 10000 for 4 years i.e. Rs 40000. Is there any way to waive the penalty or can I make appeal for condonation delay or something like that. Also want to ask, what if I file the GSTR4 with some gap time like one after, two month after one by one. Will my GST registration get cancelled if I dont file GSTR4 presently. I have filed upto date CMP-08 with paying composition tax amount.
I am very nervous and depressed due to this penalty amount. Please help me with your advice.
Regards

Whether refund of same ITC can be claimed under both the scenarios
1)Inverted Tax structure
2)Unutilized ITC on account of Zero rated sales(Exports)

Sir, I am trader as well as service provider registered under GST & recently become sub-broker for dealing in Share market / opening Demat / Mutual fund etc & earned brokerage from that activity.

please guide as asked by Principal - Issuing GST tax invoice - where to mentioned in GSTR-1

Further, I have credit/cash balance in GST ledger but principal asked copy of Challan for payment of the same.

Guide with procedural aspect too.

Sir, I have to file my updated ITR for FY 2022-23 having business income. May I switch to new tax regime ? And another updated ITR for FY 2022-23 having salary and Interest income only. In both cases whether I can file Form 10IE ?

We have make a payment against DRC-07, now the department is asking us for proof that we have make the payment, they told us to upload the proof online, please suggest what proof I can submit and can I upload it on portal as I am not able to find any such option till now.

Thanks

Whether 1% GST is to be paid on exempted sale in composition scheme ?

In case of export of services, the foreign company is insisting on making the payment in Indian rupees. Will it still count as Export of services under the GST act? If I am correct, there was change in 2022 allowing export invoicing in Indian rupees? Will I still be entitled to raise the invoice without payment of GST under LUT if I am receiving the payment in Indian rupees instead of US dollars? I am already doing export of goods in US dollars in which I am exporting on payment of IGST and taking refund from Customs. I am doing both the exports under the same proprietorship concern. Can I carry both the businesses together in which I am exporting goods on payment of IGST and taking IGST refund from customs + Exporting services without payment of IGST under LUT and taking refund from the GST dept. ? Sorry for the multiple queries but any expert opinion will be highly valuable. Thank you

Please help to know the HSN and GST rate for Dried Fig

DEAR SIR,

SALE OF RAW SILK IS REPORTED UNDER EXEMPTED OR 0% RATED IN WHILE FILING GST RETURNS.
0% RATED GOODS MEANS INPUT CLAIMABLE OR NOT, PURCHASE AND RESALE OF RAW SILK SHOULD BE REPORTED IN EXEMPT SUPPLIES OR NIL RATED OR 0% RATED.

ONE OF MY CLIENT PURCHASE RAW SILK FROM SILK EXCHANGE AND RESALE TO SUPPLIERS NOW WE SHOULD REPORT AS EXEMPT SUPPLIES OR 0% RATED SUPPLIES

THANK YOU