A GST registered taxpayer of Maharashtra is making ex-factory sale i.e., the customer takes the delivery of the goods from the factory itself located in Mumbai. The Customer (registered at West Bengal) will be taking the goods through own conveyance to West Bengal.

Whether this type of ex-factory sale shall be treated at Intra-State Supply or Inter-State Supply of goods?

Hi,

Please clear to us.
We have received the services from 3 transporter fright GR Value Rs.98000/- and deposit the RCM for RS.4900/-
In November 2020 We have claimed the ITC in 3B. But out of 3 Transpoter one has deposit amount 1900/-under RCM same shown in my GSTR-2A Under reverse Charges Yes. So Can i Claim ITC which was shown in my 2A or note
(2) Why 2 transpoter has not deposit the RCM

Please Suggest Sir,

Hi...
I am new to this GST working and need an advise on it.
Actually i am opening medical and convenience shop which would be operational in 1 or 2 months. It's on proprietorship.

So for the same if I have to purchase Ac , Computers , accessories I will pay GST on it. So can I utilize this as Input Tax Credit ??
If yes than for how much time the claim would be valid...?

My Shop Current Account is not yet opened and I will pay for purchases from my Saving Account. (Single Name)

Thanks in advance
Zubin

A GST regd taxpayer has issued credit note to customer in Sept 2020 against goods returned on sale. He reported the same in GSTR 1 and took its effect in GSTR 3B for Sept.

The assessee has noticed that the customer has already issued debit notes against the good returned in August 2020 GSTR1 and is reflecting in October GSTR 2B of supplier.

The assessee has reduced his output liability in GSTR 3B of sept but due to debit note effect, ITC is reflecting in GSTR 2B of Oct. Thus the GST portal is having double effect of this credit note amount

How to take the correct effect?

DEAR SIR
I WANT TO KNOW WHICH DEDUCTION I TAKE IN PARTNER SHIP FILLING INCOME TAX RETURN A.Y. 2020-21 PLEASE TELL ME
THANKS

An assessee made IGST sales during the month of Oct 2020. He has also issued Credit Notes during the oct month with CGST & SGST.

Now while filing the GST return how he will make the adjustment in the return. Since he cannot adjust CGST SGST with IGST in table 3 of outward supply? In month of Nov & Dec, the assessee will not be making any CGST SGST sale with which he can make adjustment in future months.

Please guide ahead.

SIR

We are a trader. Can we generate the e-way bills like a transporter on behalf of the Supplier if the place of supplier and receiver of goods differs?
Plz guide me sir
Thanks in adv

Can we EPCG treated as non current liability & Please suggest accounting treatment.

Dear Sir,

We are deducting TCS @ 0.075% from 01.10.2020 onwards on supply of goods.

Kindly advise is it required to deduct balance outstanding as on 30.09.2020 is also applicable TCS.

Best regards
Mahesh

One E commerce company (ABC) into the business of Food delivery.

Rahul a customer place an order on 15th Dec, 2020 via ABC company website/APP to deliver food on 2nd Feb, 2021 as per his choice of restaurant and menu. Rahul paid full amount in advance on 15th Dec to ABC. Restaurant (XYZ) will deliver food on 2nd Feb, 2021 and will get payment from ABC after the delivery of Food as per agreement with ABC.

All the Payment received by ABC will park in there nodal Account. ABC will received there commission only after the delivery of food and XYZ restaurant also received amount from ABC nodal account after the delivery of food to customer.

Invoice will be issue by XYZ on the date of delivery of food. ABC will issue invoice to XYZ for commission after the delivery of food.

Note: As per RBI, nodal Account balance not part of ABC Books of accounts at any point of time.

In the above scenario. Is XYZ is liable to pay GST on advance payment received by ABC in there nodal account? How GST treatment will happen?


Thanks in advance.