Sir,

How to change Quarterly GST returns to Monthly Returns from February 2021

Thanking you

Amruth Kmar

One Pvt ltd company which is having Business loss of 2 Cr, and this company want to merge with another Pvt Ltd company having a profit. First company ( Loss Company ) has only trading business ( Not done any manufacturing in past ). As per Sec 72A Loss of Company only merged if it is covered under industrial undertaking defination.

So, My question is if above two company will merge then can loss of above company carried forward by merged company ?

Dear sir,
My brother is working as collection & recovery agent of a proprietorship concern on commission basis. He received commission after deduction of TDS. He does not raise Invoice. Total amount received from April 2020 to January 2021 is Rs.560354. Does he liable for GST registration and raise invoice with GST ?

If X assessee who is liable to collect TCS on sale of goods and
Situation-1 If he sale goods of Rs. 80 lacs to Y and recd. Rs. 60 Lacs by cheque and remaining Rs. 20 lacs goods recd from Y (Y also sale goods to X) and their accounts are square up. So in this case whether X is liable to collect TCS full sale value of Rs. 80 lacs or only of actual amount recd. by him through cheque of Rs. 60 Lacs.

Situation-2 If in above case if X assessee recd. Sales return of Rs. 5 Lacs and allowed Discount of Rs. 2 Lacs to Y and net amount recd. by cheque is Rs. 73 Lacs (Rs. 80 Lac-5Lac-2Lac=73Lac) then in this case on which amount X is liable to collect TCS whether on Rs. 80 Lacs of On Rs. 73 Lacs. Pls reply

Dear Sir,
My organisation is a proprietorship concern doing collection and recovery job from banking & non banking organisation. Our client paid GST under RCM. we have appointed few individual agent for collection and recovery on commission basis. Commission would be within 10,00,000 of each individual in any financial year. are we liable to pay GST under RCM of my agents ?

Our agents are liable to make GST registration ?

Please reply.

SIR - I want to become a trader of steel product and form a separate registered office, a Retail shop and a Godown.

Can I use the registered office address for buying and selling of my products by mentioning the address of Retail shop and God own as the place of delivery / the place of supply as required in Invoice?

Is it compulsory to register all the addresses under GST ?

Is it compulsory to maintain the stock register in shop?

In case if I use all the addressess for transactions, separate invoice serial number is must ?

Guide me Plz
thanks in adv

Dear Sir,
In FY-2017-18 we have filed the GST annual return (GSTR-9) but in FY 2018-19 not filed. We have not filed GST annual return (GSTR-9) for FY 2018-19. Because our turnover does not exceed 2 crore. Our company Business is NBFC and our income source is only Dividend Income & Capital Gain Income.
In FY 2018-19 our total receipts of Dividend & Capital gain Income is 1.10 Crores.
We have paid reverse charge tax on advocate fees & We have taken ITC against purchases in FY 2018-19.

If we have not filed the annual return for FY 2018-19, then will any action be taken from the GST department. We have not filed the Annual GST Return as per GST Notification.
The Notification is as under :
The notification issued under section 148 of the Central Goods and Services Tax Act, 2017 on 9th October 2019 made it optional to file Annual returns for the FY 2017-18 and 2018-19, for the registered persons whose aggregate turnover in a financial year is not more than two crore rupees.

Right now we have to do GST Annual Return for the Financial Year 2019-20 or not, which due date is 28th Feb, 2021.

Please inform us your opinion in the above matter.

Thanks & regards
N Kadam

Which is best app for CA IPCC students?

Hello Everyone,

I have a proprietorship firm and have filed for GST refund/ITC on 5 Jan, 2021 for the last quarter of 2020 (Oct-Dec). The accumulated ITC was for GST paid on purchase of online advertising (Google and Facebook Ads) and as I provide services through "export of services without payment of GST" to foreign clients.

I was informed by a CA that I'm eligible for 100% refund for GST paid. Now my question is how long does it take for refund/ITC application to be processed and ITC to be credited to my savings bank account, that's already added on GST portal and was also selected during filing for ITC claim?

I PURCHASE A PROPERTY FROM NRI SELLER IN JOINT NAME, NOW SELLER APPLY FOR LOWER DEDUCTION CERTIFICATE.
I HAVE TAKEN ALREADY TAN NUMBER IN MY NAME AND MY WIFE NAME SEPRATALY

NOW PLEASE HELP ME TO FILL ALL COLUM OF 27Q AND HOW TO UPLOAD FUV FILE AND HOW TO SHOW LOWER DEDUCTION AMOUNT IN 27Q