We are into exports, I have received credit notes(cgst&sgst) for the month but I don't have sufficient input tax credit balance for respective month, then I entered negative balance of the same amount in Cgst and sgst, but it could be adjusted against my Igst credit balance. Then how will rectify the same.

1) GST to be charged by hotel (Proprietorship) on its food will be 5% without taking any ITC.
Whether the taxpayer will be considered as under composition or regular taxpayer ?

Also, for Pvt Ltd Co. (Canteen Service Provider) having turnover between 2 to 5 crores, charging GST @5% on its services without taking any ITC on its input.
Same will be considered as regular taxpayer or under Composition ?

what is meaning of SMS Alert Receive,
regarding GSTR- defaulter. please file return else best judgement assessment will be done U/s 61 of DGST ACT, ignore if filed DT& T, GNCTD.

Sir
As per Budget 2022 hikes tax exemption on employer’s NPS contribution for state govt staff to 14% from 10%.

I want to ask you, above effect is applicable retrospectively from F Y 2020-2021 ?

Sir please clarify

Dear Sir,

One of my client is a software consultant and has received income in US dollars from abroad of Rs. 22 lacs in F.Y. 2020-21.

His Income tax return is filed U/s. 44ADA. The foreign company doesn't deduct any TDS on the amount paid by them.

I want to know, do my client has to register under GST in such case as in future years too he will be receiving income more than Rs. 20 lacs from foreign company.

Please help me in this matter.

Regards,
Divyesh Jain

Sir/Mam,

in May 2021 we claimed ITC on Car in GSTR3B Return, now we received call from GST office it is ineligible reverse it.we have ITC Credit in Credit ledger till now we have not used this ITC

They informed reverse it through DRC03 ,
GSTR3B this month return we can reverse this CAR ITC

Plz advise which is correct

Thanking you,

whether loss on sales of business assets is deductible expenditure in profit and loss account ? block of fixed assets exist

what is Dividend ,
whats is tax treatment and Accounts treatment,

Sir.
One of my client doing HR consultant service.
During Jan22 they received 25 lakhs fund from Dubai in
connection with HR service.

This amount included hotel and traveling of client.

My doubts
1. Fund received from outside India can treat as export.
2. Whether any GST need to pay this transaction .
3. This is purely service so no proof of export..

Please advise

Sir/Madam

Please share gratuity calculation, HRA calculation and pension working in excel format.