Hello all,
I have a query . in coming days we gonna have a deal which will be the sales of services to the SEZ (which is 0 rated tax) but our purchase is with the 18% of GST.
In such case refund get applied but it will take months to get that refund .
Due the differences in payment term with the vendor (from whom we purchase) and client(to whom will sale) our cash flow will get stuck .
I am really seeking a solution for this case other than refund process which will get months to get refund .
What businesses do in such cases. I mean how to survive ?
It will be a great help if I get a answer ASAP.
Thanks .

Dear Experts,
We have paid tax on RCM on freight@5% however ITC thereof availed in the same month. But since the same is not being reflect in 2A hence it showing difference in table 8 of GSTR 9. Pls let me know how to remove this difference and where to report the ITC claimed of RCM,

Thanks
Karan

Hi All
I have a query in the recent notification for Real Estate Sector, if I am opting for New scheme then I have to reverse the ITC of earlier project as per the formula as prescribed in the notification it self. my query is in % of invoice ? if I have not raised the invoice till 31st March 2019 but my milestone due but actual invoicing was not done what should I take in % invoice in this case?

I have 1 AUD in my Axis Bank forex card. Rate given to me was ₹ 47/- & I was informed that MINIMUM GST of ₹ 45/- will be deducted as per GST laws.

Is there any such circular ir section which states that Minimum GST amount will be ₹ 45/-

Bank was not able to provide me any circular but asked to check with GST

Can you update if it's true and vide which section or notification

Please explain what is the tax treatment of monthly EPS Pension received from EPFO and whether Standard
Deduction is available under Section16 and where to show the Income in ITR1.
Thank you.

Dear Sir,
My Father has been Expired at 06/09/2018 & he was as central government employee, after his death My mother got some amount as she was legal heir.
The amount She Got as fellow : -

1) Received Amount from His Saving account of Rs 90612.00 (as per nominee)
2) Received Husband's Diwali Bonus for fy 2017-18 of Rs 2500
3) Received his gratuity of Rs 1985544.00
4) Received from his Society of Rs 70700.00
5) Received from his Employee Welfare Scheme of Rs 86026.00
6) Received from his Provident fund of Rs 546601.00
7) Received from his Leave Encashment Cash of Rs 601680.00
8) Received Outstanding Husband Salary of 5 days of Rs 8461.00

Kindly give the reply that how all above mentioned income will treat in Itr.
i.e. where have to reported all income in itr
is it all exempt or not ?

thanks with regards

ANNUAL RETURN 9
PT.III POINT 8
---------------------------------------------------------------------

8.A ITC AS PER GSTR 2A RS.10,00,000/-
8.B ITC AS PER 6(B) AND 6(H) RS.11,20,000/-
8.D DIFFERENCE (-) RS.120,000/-

NOTE : ITS HAPPENED ACTUALLY, WE HAVE RECEIVED A CREDIT NOTE(DISCOUNT) FROM SUPPLIER FOR RS.120,000/- . INSTEAD OF DEDUCTING FROM INPUT , OUR ACCOUNTANT, IT ADDED BACK WITH OUTPUT AND PAID THE LIABILITY. NO DIFFERENCE IN TAX PAYABLE AND TAX PAID. BUT WHILE FILING ANNUAL RETURN 9, THERE IS A CONFUSION , HOW TO CLEAR THIS DIFFERENCE AMOUNT? KINDLY GIVE VALUABLE OPINION OF ALL PROFESSIONALS ......THANKS IN ADVANCE

Sir/Madam, My query is in GSTR 9C EXPENSE SHEET WHICH AMOUNT PUT IN VALUE column IS TAXABLE VALUE OR PROFIT AND LOSS ACCOUNT DEBIT AMOUNT (LIKE 12 MONTH OR 9MONTH AMOUNT MEANS APRIL TO MARCH TOTAL AMOUNT OR JULY TO MARCH AMOUNT SHOW IN VALUE column IN EXPENSE DECLARE SHEET.

Sir,for ay 2019-20,while filing online itr-4,the business code '16019-other professional services n.e.c' not showing in 44ADA.But it is showing in 44AD.Previous year(ay 2018-19),when filed online itr-4 under 44ADA,the code was present.But this year under 44ADA it is not present and other codes are not matching.So what to do sir? Can I file itr-4 under 44AD instead of 44ADA giving code as 16019-other prof services n.e.c.?Thanks in advance sir.

Sir/Mam,
I have a query regarding taxablity of medicine supplied to in house patients for packages patients where only Single amount is charged for all services ,

I have a query regarding Mixed supply and composit supply that such type of transection will be treated of mixed supply or composit supply as if it is treated as composit supply then no gst will be charged but if it is treated as mixed supply then gst will be charged at higest rate.