| Mar-12-2021

Compliance

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Viewing 15 topics - 1 through 15 (of 35 total)

Auditor Pack

2 Replies

I want new tally auditor package serial number

E invoicing in case of conversion

2 Replies

Turnover limit for e invoicing is 20 Cr. One partnership firm converted into ltd company and getting new GST registration. The turnover of the partnership firm is 100 cr. my question is that whether e invoice is applicable for the newly registered ltd company as new gst registration has taken and not have history of previous year turnover.

GST

3 Replies

HOW TO RECONCILLE 2B WITH BOOKS

Linking DRC-03 voluntary payment to GSTR3B of the next quarter

3 Replies

Dear Sir, we are under QRMP Scheme of filing the returns. For the July-Sept 21 quarter the turnover figures of July and August were missed out by mistake and only September turnover was taken. However the turn over figures for July and August 2021 were correctly declared on the respective due dates in GSTR1. Thus there is a mismatch between GSTR1 and GSTR3B for the July-Sept 21 qtr. The same was immediately noticed on the same day of filing the GSTR3B and the liability was discharged voluntarily thru DRC03. Now while filing the GSTR3B for Oct-Dec 21 qtr to rectify the mistake the missed turn over of July and Aug 21 are shown along with the tax amounts of oct-dec qtr. The system is once again insisting on the cash payment for the missed months of July and Aug 21. Unable to link the DRC-03 payment with the liability we have omitted the July and Aug 21 liability and filed the return. Now I request for a solution for the problem – 1 how to link the DRC -03 voluntary payment with the liability of July and August 21 and 2 can the missed july and Aug 21 figures be shown in Jan-March 22 quarter?
Regards
j r kota

Linking DRC03 Voluntary payment to GSTR3B for the mismatch of the previous qtr

2 Replies

Dear Sir, we are under QRMP Scheme. For the quarter July-Sept 2021 the figures of outward supply were correctly taken. But in GSTR3B of the quarter by over sight one month sales were not taken. Thus there is a mismatch between GSTR1 and GSTR3B for the quarter. The same was noticed immediately and by creating DRC-03 the amount of the tax and interest was discharged on voluntary basis. Now while filing GSTR3B for the quarter October-December 2021 to rectify the mistake the sales figures of the month which were by mistake are not taken are included and liability disclosed. The system is asking for the full payment ( total liability) including for the missed turnover of the month of July-Sept 21 quarter. It is not proceeding further in the portal. How to link the missed liability of the previous period now shown in GSTR3B with the DRC-03 payment already made, so that additional payment can be avoided. Regards J R Kota

Gst ITC

2 Replies

Sir, Registered person has taken land on lease but due to non utilization of land , penalty was imposed and gst was charged 18 percent by the lessor. Whether person eligible for itc?

Error in reviewing TallyPrime Gold @ special price for Chartered Accountants!

2 Replies

I wanted to purchase TallyPrime Gold @ special price for Chartered Accountants! but when i’m putting my information an error is showing that Data provided is not valid therefore i’m unable to check its price, therefore kindly help to resolve this issue.

gstr9 and adjustment of liability

4 Replies

Sir While filing the gstr3B for Jan -March 21 qtr under QRMP basis the turn over and its liability for jan and feb was not included resulting in short payment of liability. However the same was included in GSTR1. While filing the gstr9 can this differential tax be adjusted against the available input credit and the interest payment in cash?

regards
j r kota

scrap bag gst liabities

2 Replies

We have purchase raw material rice bran in bag. Empty bag is used for packing of finished good Doc. Scrap Bag is used in Boiler . whether Scrap Bag used in boiler liable for GST . We have not taken ITC on Bag. Department Saying Record should be maintained for scrap bag.
pls guide me

Unsecured Loans

2 Replies

Under Indian laws, can a private limited company take unsecured loan from an individual? If yes, kindly refer the section/law.

GST penalty

2 Replies

How do I save on the GST penalty for not filing a NIL return and cancel the GST?

GST Rate

2 Replies

1.What is the GST rate to be taken in case of used bikes under margin scheme?

Discharge of GST Liability

3 Replies

Sir, March 21 one sales invoice is included in Apl -June qtr. The party is on QRMP basis. Out put liability for March 21 for this bill how to discharge? Can that be paid in the normal way thru GSTR3B amount of Apl-June qtr of 2021 or For March 21 missed bill should DRC 03 Challan is to be created separately and pay? If paid thru DRC 03 Separately for missed March 21 bill liability, would not there be a mismatch of GSTR1 filed for the three months of April May and June 21 and GSTR3B liability declared and liability charged thru cash payment. There is very negligible amount of input credit available for March21 and also April- June 21. How to resolve the issue

Kindly help
regards
j r kota

RCM for earlier periods

2 Replies

RCM paid for the FY 2017-2018 through DRC3 challen on Sep 2021. Can I claim input of this based on the paid date challen?.

goods sent on confirmation basis

2 Replies

In case goods are sent via courier inter state on confirmation basis only and above Rs. 50000 is Eway Bill mandatory?

Viewing 15 topics - 1 through 15 (of 35 total)