up to February supply of services invoiced is Rs. 19 lac. we did not expect it will cross the threshold limit. For march supply of service value will be 3 lac. So it exceeds the threshold limit of 20 lac. Got GST number on 2nd march. Now invoices raised from 2nd march onward is GST invoice and GST collected. Is there any compulsion to pay GST for 19 lac, which is invoiced before GST registration. kindly clarify. If possible kindly quote the section.

GTA Services, Legal Services etc. received in the financial year 17 – 18 but GST under reverse charge paid on it in the financial year 19 – 20 with interest. Self-Invoice for the same also prepared for the same in 19 - 20 Can ITC be claimed on it now in the month of March’20?

In the month of May 2019 we sale to party for Rs. 13,40,317/- + 204455/-(IGST) = Total Invoice value Rs 1340317/-.

In the month of February 2020 the party return the some part of the materials to us ( technical ground), accordingly we generate Credit note to party for Rs 739066/-+ 1,33,032/-(IGST) = Total credit note value is Rs 8,72,098/-.

In the month of FEBRUARY 2020 we have no business and I thinks March 2020 will be no business .

We have no Cash Ledger balance and no Credit Ledger Balance in our GST Portal and we have no GST Liabilities

Now question is-
1/How I adjusted the credit note amount for Rs 133032/-in our GSTR 1 and GSTR 3B?
Should we put in GSTR3B column no 4B (ITC Available) for Rs 133032/-
Please Guide us in this case

As Deducter failed to deposit TDS in time before filing of ITR for A Y 2018-19 , It couldn't be claimed in 2018-19 . It was late deposited in November 2018. How I can Claim in AY 2019-20 or subsequent years ?
My mail ID guptalalit52@gmail.com

Our one client provides Professional services to his client. and both are registered under GST Portal. So query is that invoice entry comes under B2B in GSTR-1 return or other column?

1.Which invoice to send to the buyer E invoice or the invoice generated by our accounting System. ?
2.I have modified our invoice format as per set standard of E invoicing. Our accounting software provider has modified the format and added various things like Supply type and Supply type code..Now our Invoice format is as per E invoice format.
Now what is the next step after formatting of invoice to get E invoice?

Please advise as earliest as possible...

A shareholder of private company want to transfer shares at face value, what will be its implication and such transfer is possible?

In case of Services provided by Govt., the licence fee is paid to State Govt. in February’19 but GST under reverse charge paid July’19 with interest. Will this be treated in financial year 18 – 19 and ITC cannot be claimed on it or since the GST was paid in July’19, it will be treated as transaction in 19 – 20 and ITC can be claimed on it in this month?

XYZ (Maharashtra) had given a Commercial property in Mumbai on rent to PQR for their office. PQR is registered with GST in Daman as a manufacturer. XYZ is issuing invoice to PQR in the name of office address in Mumbai and treating them as URD since PQR is not registered with GST in Maharashtra being having only office in Mumbai. For the rent charged, XYZ is charging CGST + SGST. Is it correct or they need to charge IGST?

DEAR EXPERTS

HOW CAN I PASS THE ADJUSTMENT ENTRIES FOR TDS ON CASH WITHDRAW.

WE WITH DRAW SOME AMOUNT FROM BANK, BANK CHARGED SUM AMOUNT FOR TDS ON CASH WITH DRAW HOW CAN I ACCOUNT & HOW TO PASS THE LEDGER ENTRIES.