Dear Experts,

I have filed one GST cancellation on 21st March 2024. Since then in Profile section , GSTIN shows suspended. Now is GSTR1 and 3B required to be filed for March 2024 period i.e 1st March till 20th March before suspenseion period and till the time cancellation is approved by tax officer?

Please advice

Regards,

I have applied for GST registration of a start up on 03/04/2024...but till date 'pending for processing' is the status only..
Further i have asked the client to start the billing but vendors refused to take the material from an unregistered supplier..

Sir, May I upload sales invoices of one particular client only in GSTR 1? . Complete GSTR 1 will be filed subsequently .

Confused over the reporting of HSN in Gstr1! Some sites states it is not compulsory for small dealers with annual turnover below 1.5 crore to report HSN in their GSTR1. If it is mandatory, what is the penalty for non filing of HSN in Gstr1 for dealers under 1.5 crore turnover?

My fno turnover is less than 1 crore and i have made a loss,i also have proprietorship firm for which i file under sec 44AD presumptive income.is audit mandatory to claim loss next year

Sir,
on the month of january 24, i have submitted one b2b invoice twice. Now i want to correct it what to do.
Please advice.

Shyam has purchased property from NRI suraj for Rs. 4960000/-
does he have to deduct tds on such purchase from NRI
If so what is the rate of TDS.?

our company received 1cr from another company as cash award for best company and they have deducted 10% TDS on the prize money under 194R. How this need to be accounted in the books of accounts.? Whether invoice need to be raised for this? what is the GST applicability and under which head we need to show this revenue

Respected All Experts,

I want to know about tax liability on received of Rs. 9 Lakh of my share in my Bank account from sale of inherited property ( Father) which total cost of sale was Rs. 45 Lakh in Financial year 2020-2021. I am salaried person and i filed ITR-1 in financial year 2020-2021 only for salary income. I have not mentioned in ITR about received amount of Rs. 9 Lakh which was also showing in 26AS. I continued filed ITR-1 for salary for the financial year 2021-2022 and 2022-2023 regularly.

Now in Financial year 2023-2024 I purchase a flat of Rs. 28 lakh in March,2024 from Builder but possession of flat will be in june,2024.

(1) My query is to know about any tax liability arise due to not include income of sale of inherited property (father) in ITR of F.Y. 2020-2021 ?
(2) Second How I treat this Income received in F.Y. 2020-2021 in Current financial year 2023-2024 which ITR to be file in July,2024 ?

Thanks & Regards,

MONU P

Assessee is a Exporter of Textile Products

The only Domestic Outward Service is Job work (2.5% + 2.5%)

There are some expenses with GST more than 5% , but not relating to Job work.

Whether ITC on those expenses can be claimed as Refund of ITC under Inverted Duty structure?