Gst and I.t. query

This query is : Resolved

Kollipara Sundaraiah (Querist)
Follow

22 June 2020 1.One of I.t. Assess purchases of goods on credit based dt:10-04-2020 invoice amount rs.2,50,000/-.
Assess cash payment rs.10,000*25 days=2,50,000/- paid
1.assess each day rs.10,000/- paid sec 40a(3) accepted in I.t. act.
2.violation sec 269 St provision.

2.one of gst registered regular scheme dealer purchases of goods (two invoices ) not reflected in gstr2a
Reason seller invoices b2c shown in gstr1.
Assess two invoices(gstr2a not reflected) ITC claimed eligible or not in gstr3b

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
Follow

22 June 2020 A. Yes applicable Section 40A(3) and Section 269 ST Penalty shall be apply u/s 271DA
B. ask supplier to amend GSTR01 from B2C to B2B then you will get reflected in 2A. (Not so big problem)