Tally | CA Venkataramani | Activity https://community.tallysolutions.com/ca-club-community-by-tally/venkat/activity/ Activity feed for CA Venkataramani. Sun, 05 Apr 2026 14:17:44 +0000 https://buddypress.org/?v= en-US 30 hourly 2 222796c840e54155ab943565c85d3405 CA Venkataramani replied to the topic mismatch of turnover under qrmp from gstr1/iff to gstr3b in the forum Compliance https://community.tallysolutions.com/topic/mismatch-of-turnover-under-qrmp-from-gstr1-iff-to-gstr3b/#post-20703 Fri, 28 Oct 2022 10:11:01 +0000 Comments: The contents of Form GSTR-3B is auto-populated from the Form GSTR-1. However, the fields in Form GSTR-3B are EDITABLE. Therefore, it is advisable to edit/reduce the turnover and taxes to the extent already paid in the quarter ended Jun-22, from the auto-populated figures. By doing the same, there shall not be any double tax payment.…Read more

]]> 8fa011c237060984050c811d98fabc3c CA Venkataramani replied to the topic mismatch of turnover under qrmp from gstr1/iff to gstr3b in the forum Compliance https://community.tallysolutions.com/topic/mismatch-of-turnover-under-qrmp-from-gstr1-iff-to-gstr3b/#post-20662 Sun, 16 Oct 2022 05:34:27 +0000 Reply: The correct procedure for both your mail queries is as follows:
Under QRMP scheme, the taxpayer can make payment of taxes vide Form PMT-06 every month. At the end of each quarter, the taxpayer shall file two returns which is Form GSTR-1 and Form GSTR-3B.

On perusing both your queries, it is understood that you have omitted to declare…Read more

]]> 0cab850ad42d52816c811dc7cdb5c776 CA Venkataramani replied to the topic stock suppression in the forum Compliance https://community.tallysolutions.com/topic/stock-suppression/#post-20611 Fri, 16 Sep 2022 11:26:35 +0000 The consequences of suppression of stock depends on the facts and circumstances of each case and requires detailed analysis and verification of the facts. There cannot be a generic answer to questions involving suppression on a public domain. Further, when there is an admission of suppression and the corresponding discharge of tax, interest and…Read more

]]> 03041c56846e284118639adec76020ad CA Venkataramani replied to the topic Annual Return Purpose in the forum Compliance https://community.tallysolutions.com/topic/annual-return-purpose/#post-20459 Tue, 26 Jul 2022 12:38:33 +0000 Comments: ‘Sale of land’ would neither qualify as supply of goods nor supply of services based on the following explanations. Accordingly, filing of annual return in Form GSTR – 9 is not required in the instant case.
a. In terms of Section 44 of the Central / State GST Acts, filing of annual return in Form GSTR – 9 is mandatory if the aggrega…Read more

]]> 1edea7737dcbbe8e0bc7bae3856d361a CA Venkataramani replied to the topic E invoicing in case of conversion in the forum Compliance https://community.tallysolutions.com/topic/e-invoicing-in-case-of-conversion/#post-20419 Sat, 21 May 2022 04:13:34 +0000 Comments: The e-invoice provisions are made applicable to the registered person in whose case the aggregate turnover exceeds Rs. 20 Crores with effect from 01.04.2022 vide Notification No. 01/2022 – CT dated 24.02.2022. The Principal Notification No. 13/2020 – CT dated 21.03.2020 specifies that the e-invoice provisions are applicable to the ‘re…Read more

]]> 6e990d15055917fbafd2bf5bc5df1cc6 CA Venkataramani replied to the topic GST in the forum Compliance https://community.tallysolutions.com/topic/gst/#post-20394 Mon, 28 Mar 2022 10:53:09 +0000 The process / methodology of reconciling Form GSTR 2B with the books, is briefly stated below. Much will depend on the facts and circumstances of each case. An attempt is made in the following paragraphs to explain / indicate the methodology (which may be considered) for the purpose of reconciliation. Input tax credit as appearing in Form GSTR – 2…Read more

]]> 495e796476cc8306bca3a09861d68341 CA Venkataramani replied to the topic Linking DRC-03 voluntary payment to GSTR3B of the next quarter in the forum Compliance https://community.tallysolutions.com/topic/linking-drc-03-voluntary-payment-to-gstr3b-of-the-next-quarter/#post-20325 Thu, 10 Feb 2022 04:40:25 +0000 In the first place, it must be clearly understood that the tax liability as declared in Form GSTR – 3B should be remitted either by way of utilising input tax credit or by way of cash. It is only after such remittance that the GST portal will allow the registered person to file such Form GSTR – 3B.

In the above backdrop, the turnover on which the…Read more

]]> 4c430dffb8edd7f172a697ebaeeb5d1d CA Venkataramani replied to the topic Linking DRC03 Voluntary payment to GSTR3B for the mismatch of the previous qtr in the forum Compliance https://community.tallysolutions.com/topic/linking-drc03-voluntary-payment-to-gstr3b-for-the-mismatch-of-the-previous-qtr/#post-20320 Tue, 08 Feb 2022 04:57:06 +0000 Comments:

In the first place, it must be clearly understood that the tax liability as declared in Form GSTR – 3B should be remitted either by way of utilising input tax credit or by way of cash. It is only after such remittance that the GST portal will allow the registered person to file such Form GSTR – 3B.

In the above backdrop, the tur…Read more

]]> 0bb4739b1cab980657722b43e170ba93 CA Venkataramani replied to the topic Gst ITC in the forum Compliance https://community.tallysolutions.com/topic/gst-itc/#post-20315 Sat, 05 Feb 2022 04:25:45 +0000 In terms of Section 16(1) of the CGST / KGST Act, 2017, input tax credit of GST paid on inward supply of services can be availed if such services are used or intended to be used in the course or furtherance of business. Therefore, this issue requires a detailed examination of facts and circumstances and application of the provisions of GST Laws so…Read more

]]> b91b9150483bb62a607f47dbf0e29290 CA Venkataramani replied to the topic gstr9 and adjustment of liability in the forum Compliance https://community.tallysolutions.com/topic/gstr9-and-adjustment-of-liability/#post-20030 Thu, 18 Nov 2021 12:00:44 +0000 Yes, the amount towards tax liability may be remitted through Form GST DRC – 03 basis the additional tax liability ascertained in the annual return in Form GSTR – 9 by utilising the input tax credit balance available in the electronic credit ledger.

As regards interest your understanding that it ought to be remitted by way of cash is correct.

]]> 777bb20088a8b1b28b5a8fef6195aefa CA Venkataramani replied to the topic gstr9 and adjustment of liability in the forum Compliance https://community.tallysolutions.com/topic/gstr9-and-adjustment-of-liability/#post-20028 Wed, 17 Nov 2021 10:08:19 +0000 Comment: In terms of the Proviso to Section 50(1) of the CGST / respective SGST Act, 2017, interest is liable to be paid on the amount of tax paid by way of debiting Electronic Cash Ledger provided the turnover and corresponding tax payable thereon is reported in the return filed belatedly in Form GSTR – 3B for the said tax period. The annual r…Read more

]]> ba44513f0369e8f90eb5ffbb4949eee8 CA Venkataramani replied to the topic scrap bag gst liabities in the forum Compliance https://community.tallysolutions.com/topic/scrap-bag-gst-liabities/#post-19925 Sat, 30 Oct 2021 06:15:54 +0000 Comment: Let us put the facts in its perspective. The bags in which rice bran are purchased are classified into two parts – one being the empty bag and the second being scrap bag. Further, the empty bag is being used for packing of finished goods and the scrap bag is used in the boiler.

We understand from your query that the scrap bag is used w…Read more

]]> fdd7ac004a00a11084e9a460e93ed219 CA Venkataramani replied to the topic GST penalty in the forum Compliance https://community.tallysolutions.com/topic/gst-penalty/#post-19781 Fri, 01 Oct 2021 12:59:22 +0000 Comment: The maximum penalty that could be levied in terms of Section 125 of the CGST / respective SGST Act, 2017 for delay in furnishing the returns is Rs. 50,000/- (CGST penalty of Rs. 25,000/- and SGST penalty of Rs. 25,000/-). However, the late fee for delay in filing the returns where the tax liability is ‘Nil’ could be waived off, if the ret…Read more

]]> 55848abf1a091aee2a17447b9bcdb5e9 CA Venkataramani replied to the topic GST Rate in the forum Compliance https://community.tallysolutions.com/topic/gst-rate/#post-19780 Fri, 01 Oct 2021 12:58:27 +0000 Comment: The rate of GST applicable on supply of used motorcycles (bikes) classifiable under HSN 8711 is 12% (CGST 6% and SGST 6%) in terms of Notification No. 08/2018 – Central Tax (Rate) dated 25.01.2018. In case of motorcycles of engine capacity exceeding 350 cc, additionally compensation cess is applicable at 6% (CGST 3% and SGST 3%) in t…Read more

]]> 6b879666fc83586455cde8b95d46bca9 CA Venkataramani replied to the topic Discharge of GST Liability in the forum Compliance https://community.tallysolutions.com/topic/discharge-of-gst-liability/#post-19728 Sat, 18 Sep 2021 02:44:12 +0000 The liability in relation to the invoice issued during the tax periods March 2021 which is reported in Form GSTR – 1 filed for the quarter April 2021 to June 2021 may be declared in the return to be filed in Form GSTR – 3B for the quarter April 2021 to June 2021 or in the subsequent periods return. The tax thereon shall be remitted along with int…Read more

]]> acd39ea238bd4a56580b56c9e807c07f CA Venkataramani replied to the topic RCM for earlier periods in the forum Compliance https://community.tallysolutions.com/topic/rcm-for-earlier-periods/#post-19727 Sat, 18 Sep 2021 02:42:50 +0000 In my considered view, the input tax credit of GST remitted under reverse charge mechanism in September 2021 pertaining to the tax periods July 2017 to March 2018 is not eligible for the claim of input tax credit for following reasons:
1. Input tax credit is eligible to be claimed on the basis of tax invoice or debit note. In case of GST payable…Read more

]]> bf75d632ea890abe9b0e48e35edd153d CA Venkataramani replied to the topic goods sent on confirmation basis in the forum Compliance https://community.tallysolutions.com/topic/goods-sent-on-confirmation-basis/#post-19636 Mon, 06 Sep 2021 11:51:21 +0000 Yes. Movement of goods by courier should be under the cover of an e-way bill. In terms of Rule 138 of the CGST / SGST Rules, 2017, every person who causes the movement of goods the consignment value of which exceeds Rs. 50,000/- should furnish the information on the e-way bill portal and generate e-way bill. The said provisions are applicable to…Read more

]]> 8978bf965c34e26903d9884c047703e2 CA Venkataramani replied to the topic GST - Interest for belated filing during lock down in the forum Compliance https://community.tallysolutions.com/topic/gst-interest-for-belated-filing-during-lock-down/#post-19612 Thu, 02 Sep 2021 10:10:26 +0000 due dates for filing monthly returns in Form GSTR – 3B for the tax periods March 2020 and April 2020 were not extended. However, the Government issued notifications waiving-off late fee and interest either fully or partially notifying the dates, respectively. The due dates and the applicable late fees and interest for the tax periods March 2020 a…Read more

]]> b75667cfc611b88abf6a44234632762d CA Venkataramani replied to the topic IGST on Customs duty paid not reflected in GSTR 2A in the forum Compliance https://community.tallysolutions.com/topic/igst-on-customs-duty-paid-not-reflected-in-gstr-2a/#post-19600 Tue, 31 Aug 2021 02:14:02 +0000 Comment: The input tax credit of IGST paid on import of goods is eligible for availment as credit, and can be availed based on the duty paid challans, bills of entry and other relevant documents establishing the fact of import of goods and payment of IGST. The amount of IGST paid will be reflected in the provisional inward supply register in Form…Read more

]]> 7dbbd147a1ec87702096a62100691a75 CA Venkataramani replied to the topic GST - ITC Claim on Factory Building in the forum Compliance https://community.tallysolutions.com/topic/gst-itc-claim-on-factory-building/#post-19549 Mon, 23 Aug 2021 10:07:34 +0000 Comments:
Input tax credit of GST paid on inward supply of works contract services received for construction of immovable property other than ‘plant and machinery’ is ineligible in terms of Section 17(5)(c ) of the CGST / SGST Act, 2017 except in situations where it is an input service for further supply of works contract services. In terms of Exp…Read more

]]> 24caf8f6435f2f1cac01e84e9d1e618b CA Venkataramani replied to the topic ITC ON PURCHASE OF EXPORT GOODS in the forum Compliance https://community.tallysolutions.com/topic/itc-on-purchase-of-export-goods/#post-19486 Thu, 05 Aug 2021 09:04:03 +0000 Comment:
There are two transactions in the given scenario:

First transaction – Inter-State inward supply of Machinery from Mumbai, on payment of IGST, wherein the said Machinery is subsequently exported to Thailand (without any Bond or declaration). In respect of this transaction the IGST paid on inward supply would be available as Input Tax C…Read more

]]> d2f52577a4cb5658202c305355c7930d CA Venkataramani replied to the topic Gst Applicable on lease Rent paid for common salt manufacturing unit in the forum Compliance https://community.tallysolutions.com/topic/gst-applicable-on-lease-rent-paid-for-common-salt-manufacturing-unit/#post-19313 Wed, 07 Jul 2021 09:23:05 +0000 The activity of providing land on lease, will qualify as a supply of services and accordingly, would be liable to tax at the rate of 18% under the HSN code 9972. In terms of Notification No. 13/2017 – CT (Rate) dated 28.06.2017, as amended, read with Section 9(3) of the CGST / SGST Act, 2017 renting of immovable property services by the Central G…Read more

]]> 9aff3801da891820324922e856741673 CA Venkataramani replied to the topic RCM Applicable on JCB and Pocalin hire charges for salt pan maintenance in the forum Compliance https://community.tallysolutions.com/topic/rcm-applicable-on-jcb-and-pocalin-hire-charges-for-salt-pan-maintenance/#post-19205 Wed, 16 Jun 2021 10:35:15 +0000 The services which are liable for payment of GST under reverse charge mechanism are notified vide Notification No. 13/2017 – CT (Rate) dated 28.06.2017 as amended read with Section 9(3) of the CGST / respective State GST Act, 2017. On a perusal of the said notification, services involving hiring of JCB and machineries are not notified and as s…Read more

]]> 7cfa563df69620ce0a28f20fe0e94f26 CA Venkataramani replied to the topic Customer's GSTIN Cancelled/Suspended in the forum Compliance https://community.tallysolutions.com/topic/customers-gstin-cancelled-suspended/#post-19157 Wed, 09 Jun 2021 06:27:57 +0000 Comment: In my considered view, the outward supply effected by a registered person to a recipient whose GSTIN is suspended /cancelled, may be reported as B2C instead of B2B in outward supply statement in Form GSTR – 1. Non-reporting of such turnover, would result in, incorrect filing of Form GSTR – 1 and consequently, there arises a difference i…Read more

]]> c17e878b9b25eedd95cad75680568d5b CA Venkataramani replied to the topic Time Limit for availing ITC on service in the forum Compliance https://community.tallysolutions.com/topic/time-limit-for-availing-itc-on-service/#post-19112 Fri, 04 Jun 2021 05:09:16 +0000 Query: I am a clearing and forwarding agent. While clearing import containers some of these are not cleared due to some duty variance. So, the containers were stored in port yard and my supplier raise a invoice yard rent with GST in favor of me (in the name of clearing and forwarding agent) on Feb;2021. In the same time, I raised a tax bill for my…Read more

]]> ea4c8fdfabce30c066aa2b5dd121ac36 CA Venkataramani replied to the topic Lease Rent paid to unregistered person attract GST in the forum Compliance https://community.tallysolutions.com/topic/lease-rent-paid-to-unregistered-person-attract-gst/#post-19041 Fri, 28 May 2021 11:30:44 +0000 Query: I have taken lands for lease from unregistered person to manufacture common salt and I have paid lease rent annually. shall I pay RCM in GST and let me know it is exempted or taxable service.

Comment: The services which are liable to GST under reverse charge mechanism are notified vide Notification No. 13/2017 – CT (Rate) dated 2…Read more

]]> 347da7060c1f39d81ebcc41bda243210 CA Venkataramani's profile was updated https://community.tallysolutions.com/discussions/p/60/ Mon, 12 Apr 2021 07:01:30 +0000 0 afc6e36d0b5c63a1239c0ad35d75b116 CA Venkataramani changed their profile picture https://community.tallysolutions.com/discussions/p/59/ Mon, 12 Apr 2021 06:59:49 +0000 0