Sir we are in the business of recovery agency and providing service to bank. our service are under 100% reverse charge. But by mistake while uploading invoice for the F/y 2019-20 some invoices were not ticked with reverse charge. Can we issue revised invoice for that or we can issue credit note and issue a new invoice for it. What will be the correct process.

My client has credit of Rs 10 crores in Central GST ledger. Now company is going to be liquidated. What is the procedure and how the refunds of Rs 10 crores, the client will get.

hello all,
We are using tally ERP9. and also main inventory in this.
we are face problem that is "purchase bill to come" show in Profit & loss A/c
we want to remove this.
kindly help us.

dear sir, i have availed some wrong input in 2018-2019 feb. and reverse the same in 2019-2020 feb. through gstr-3b.is their any time limit for reversal of input?i have already full balance in my credit ledger and payable is nil till reverse of input .is still int. payable?
with thanks

sir I have completed 3 years in June 20 from the date of sale of land and could not purchase any property. is there any option for not paying tax at the rate of 20 percent.
can i buy ready build old flat now, is there any extension in time to buy a flat.
I am senior citizen having professional income I want to know if advance tax applicable to me on this long term capital gain

A K GUPTA

Respected Sir/Ma'am,

In case any assessee have a GST Number under proprietorship and after some years when he change his business constitution and change into the partnership from proprietorship and when GST Number Applied for new Firm at that time he register his gst number as a transfer of old gst number.

In this condition my Question is that when Old Gst Number is transfer in new gst number after then can the partner (was proprietor before partnership) ue his old gst number for business ??

A gst registered regular scheme difference between gstr3b vs gstr 2a for purchases in 19-20.
Purchases input credit claim Rs:89,00,000/- as per gstr3b(books)
Purchases input credit claim Rs:95,00,000/- as per gstr2a.
Question:
Dealer different purchases amount how to adjustment producer in 19-20.

Kindly advise how to apply TCS under section 206C(1H) in case of sales return received:-
1. Against sales made after October 2020.
2. Sales completed and consideration received after October 2020.
3. Sales consideration was received with TCS and deposited to the department.

from 01st October 2020 TCS is applicable whose Agreegate Turnover more than 10crore or individual customer whose sales exceeding 50 lakh April to Sept but now our TO is more than 10cr but no one customer whose sale is exceeding 50 lakh then what will be TCS criteria.

And from 1st april 2021 it is compulsory to collect TCS from everyone

what is provision for TCS on foreign remittance.
please explain in brief.