Ramanlal Gadiya (Querist) Follow 18 January 2019 I AM HAVING PETROL PUMP REGISTERED UNDER VAT & THEN MIGRATED UNDER GST ACT. I AM FILING GST RETURNS ONLY. PLEASE LET ME KNOW I HAVE TO FILE GST AS WELL AS VAT RETURNS OR BOTH

Pls guide

Prior Period Exp debited to PL Account disallowed under which section in IT ACt for Income tax computation purpose ?

Also mention pls in ITR Form Grouping purpose under which head group this disallowance should be shown ?

Dear Experts,

Please advise on the below.

I have purchased furniture for my business in year 1 and taken full ITC. In year 3 I am no longer using it and I gift it to my brother. Will I be liable to reverse the ITC to any extend?

Thanks in advance.

Hi,

I am a travel agent.

How to create credit note for Air Ticket. Need to give to the traveler.

For example.
We have issue air ticket with Rs 32,485/- (This amount is with 18 % gst on service charge. Our net amount is Rs 31,895. We put service charge of Rs 500. So final amount is 32,485 = 31,895 + 590 (500+18%)

And we get credit note of Rs 29,605/- from airline for same ticket.

Is there any gst will charge on credit note?

Regards,
Divya.

Dear Experts,
During FY 2018-19, my one of the client (service receiver) has deposited CGST and SGST on RCM basis on GTA for all GTA Services received by him. Now on checking of liability summary as provided on Portal, some liability also displayed for IGST which were already paid by him as CGST+SGST. Please suggest what to do.

MR.X PURCHASED STOCK OF RS 2LAKH IN JAN25, 2018 (COMPOSITION SCHEME). ANNUAL RETURN FOR 17-18 FILED ON 31 JULY. HE OPT FOR NORMAL SCHEME ON 25/12/2018. STOCK PURCHASED ABOVE LYING UNSOLD ON 25/12/2018. CAN HE CLAIM ITC ON SUCH STOCK????

which provisions can be made by properitor in his books of accounts

Dear experts,

Please help me to know that any gst implications for discount received
As a part of sales promotion our Seller company is allowing 7% discount on our sales . That amount we are claiming through generating debit note by debiting seller company and crediting discount received. Please let me know any gst implication on this amount? We are treating this as non gst debit note

Thanks in advance
Regards
Rajesh

I am accountant in a pvt ltd co. We want to dispose an fixed asset motor car cc 1582 which was purchased before GST.
I want to know GST rate applicable, and whether GST applicable of sale value less WDV OR  state away on sale value.
I would also like to know if tax invoice needed for this transaction.

Dear Experts,

Good Morning All,

Whether the software purchased in CD's (HSN Code: 85238020) attracts TDS u/s 194J? If yes, please provide a suitable caselaw.

Thanks in advance.