If due to any reason, I could not prepare/issue e way bill against a sale before 20 days. What is the solution. The said sale bill is already shown in my GSTR 3B return. May I issue eway bill now ? What will be the consequences ?

Sir, I would like to ask whether we are still required to reverse GST (ITC reversal) on exempt sales if we report both taxable sales and exempt sales in our GST returns, and also disclose exempt inward supplies in GSTR-3B.

The reason I am asking is that we received a GST notice for FY 2017. At that time, we had reported exempt sales but had not reported exempt purchases. Based on common ITC provisions, we received a notice demanding payment because we had not reversed the proportionate ITC attributable to exempt supplies.

So, if we are now properly reporting exempt inward supplies in GSTR-3B along with exempt sales, are we still required to reverse ITC on exempt sales under the common ITC provisions?

Can I get both RCM and FCM facility at the same time with same GST number?

Transporter is in Maharashtra
Goods transported from karnatak to Maharashtra
Seller in Karnatak & Buyer in Maharashtra are distinct person.

Second scenario- Transporter in Maharashtra
Goods transported from karnatak to Maharashtra
Seller in Karnatak & Buyer in Maharashtra but other customer.
Transporter raise one his invoice in favour of Buyer in Maharashtra.
My view -
Raising one inv. Is wrong for both distinct person transport service.
Required one bill for buyer in Maharashtra so place of supply is in Maharashtra so, Sgst + cgst because transporter is in Maharashtra & service receiver is in Maharashtra.
And second scenario- required another inv. From transporter to infavour of seller in Karnatak
Hence Igst apply, becouse transporter is in Maharashtra & service receiver is Karnatak.
Required two seprate invoice from transporter.
This my view is correct or else any other. Please guide.

What are the minimum books, records, and balance sheet particulars that should be Mandatorily Disclosed by a presumptive taxation assessee ( ITR 4 )for compliance purposes for AY 2026-27 .

Company whole time managing director paid remuneration & deduct tds from remuneration u/s 192 as a salary.
Can gst rcm required

Dear Experts

Could you please clarify on the subject.
we are importing goods from China to Blr, while making Import E-waybill which type of transctions is correct is it Regular Or Bill from dispatch from.

Dear Experts,
A client of mine, purchase the AI subscription from USA and he than resell that subscription to others foreign companies, but payment is made for purchase from india.

Does this transaction qualify as import of service and export of service,

Also on purchase USA vendor have charged 18% on Account of India GST, but in invoice they haven't mentioned Indian GST not even HSN and invoice is in USD dollars.

My doubt is, since it is import of service qualify for RCM, if they charged 18% GST on Account of india GST, though vendor Indian GST no. not mentioned nor we would get this invoice updated in our 2B, can we still claim GST or still we need to pay more 18% GST under RCM

Please guide on this...

Thanks

Sir,

A person is a designated partner and a director.they are in the company of training of barista.thy are taking salary from llp.thy are also training in company.thy are the teachers.so want to know whether to be treated as salary in company and whether RCM will be avoiced or how to treat it?

Dear Members,
I am a salaried person 50 years of age. I want to give loan to my major daughter and son without charging any interest, The term of repayment will be 'on Demand'. Can I do it without attracting income tax authority concerns.

What I need to do for the same. I will transfer the money through banking channels (Net Banking). Any deed i shall make? if yes how much amount of stamp paper to be used for the same and any format. Is there any concern to me if they invest and earn money out of that money like clubbing etc.