Activity – Tax Grid

priyanshu goyal and Neelesh Vyas are now friends 7 years ago
Rakesh Bhutoria started the topic bank charges ITC in the forum GST Queries 7 years ago

1) How to claim ITC on Bank charges in GSTR 3B of current month of March, 2018 and also from previous months which are being shown in GSTR 2A ?

2) I have commited a mistake in filling Taxable value in GSTR 3B of February, 2018 ; but the tax amount of cgst, sgst, igst has been filled correct. how can I rectify my mistake in March return. GSTR 1…[Read more]
Rakesh Bhutoria became a registered member 7 years ago
priyanshu goyal replied to the topic Reagarding GSTR-3B in the forum GST Queries 7 years ago

Have a look at this https://taxgrid.in/forums/topic/correct-previous-period-errors-gstr3b/.

Also scroll the forum, there are numerous posts for this problem with relevant solutions.
taxgrid replied to the topic Interest on sales invoices missed to be filed in GSTR1 in the forum GST Queries 7 years, 1 month ago

In the quarterly return of July to September, details for July were not required to be furnished as the same were already furnished earlier when July month GSTR was filed. You can furnish the August month’s invoice in next quarter return. See https://taxgrid.in/forums/topic/july-return-not-filed-shall-submit-data-now-quarterly-return/
taxgrid replied to the topic Interest on sales invoices missed to be filed in GSTR1 in the forum GST Queries 7 years, 1 month ago

In the quarterly return of July to September, details for July were not required to be furnished as the same were already furnished earlier when July month GSTR was filed. You can furnish the August month’s invoice in next quarter return. See https://taxgrid.in/forums/topic/july-return-not-filed-shall-submit-data-now-quarterly-return/
taxgrid started the topic Tax rate on agricultural implements(HSN Code – 8201) in the forum GST Queries 7 years, 1 month ago

Question – Are agricultural implements(HSN Code – 8201) Exempted goods or Zero Rate goods?

Answer – 1. Please refer https://taxgrid.in/2017/08/16/difference-nil-rated-zero-rated-exempt-supplies/ as a Zero-rated concept is used for exports of goods and not with regard to 0% tax rate.

2. Goods classified under HSN 8201 – Agricultural impl…[Read more]
Suryansh became a registered member 7 years, 1 month ago
Ayush garg became a registered member 7 years, 1 month ago
priyanshu goyal replied to the topic Difference between nil rated and zero rated supplies in the forum GST Queries 7 years, 1 month ago

Dear Sir,
Section 16 of IGST act, specifically begins with the words “Zero-rated supply means… “. So IGST Act intends to define zero-rated supply in section 16. Also Section 2(23) of IGST Act says that “zero-rated supply” shall have the meaning assigned to it in section 16. Moreover Section 7(5) defines the scope of inter-state supply.
As men…[Read more]
Isiah became a registered member 7 years, 1 month ago
priyanshu goyal replied to the topic Is interstate supply of services exempt? in the forum GST Queries 7 years, 1 month ago

Update: Relevant notification for the above is Notification No.10 IGST. Notification can be read and downloaded from here: https://taxgrid.in/wp-content/uploads/2018/03/notfctn-10-igst-english.pdf
taxgrid started the topic Difference between nil rated and zero rated supplies in the forum GST Queries 7 years, 1 month ago

Question: In any GST Law, any supply of goods or services or both is either a supply leviable to tax or a supply not leviable to tax. Supplies leviable to tax are those supplies on which the charging section of the Act (Tax levy provision) provides for levy of tax. Charging section also provides the base or measure of tax. So far as it is related…[Read more]
taxgrid replied to the topic Missed invoice in quarterly GSTR1 in the forum GST Queries 7 years, 1 month ago

No interest needs to be paid on the missed invoices.
priyanshu goyal replied to the topic GST on hostel run by collage in the forum GST Queries 7 years, 2 months ago

In GST tariff, there is no such separate provision for hostel facility. It shall be covered in the entry meant for “accommodation for residential purpose” which is chargeable to GST at different rates depending upon rent being charged by hostel.
priyanshu goyal replied to the topic GST APPLICABLITY ON LUCKY DRAWS SCHEMES in the forum GST Queries 7 years, 2 months ago

What model you are adopting will determine the GST liability on this.
In GST Act, There is no such discussion for the word Lucky Draw.

As per THE LOTTERIES (REGULATION) ACT, 1998 , “lottery” means a scheme, in whatever form and by whatever name called, for distribution of prizes by lot or chance to those persons participating in the chances of…[Read more]
Abhishek M became a registered member 7 years, 2 months ago
Neelesh Vyas started the topic GST APPLICABLITY ON LUCKY DRAWS SCHEMES in the forum GST Queries 7 years, 2 months ago

Whether Lucky draw scheme run by a partnership firm is taxable under GST or Exempt ?.if GST is applicable how it is applicable ?

there are around 1000 members contributing 1000 per month for 12 months monthly prizes are distributed in cash & kind .

expert advise is needed please help .
RAJAN became a registered member 7 years, 2 months ago
taxgrid started the topic Requirement of E-way bill on self movement of goods by consumer? in the forum GST Queries 7 years, 2 months ago

Understanding the requirement of E-way bill on self movement of goods. A lot of trade happens wherein the goods are moved by the consumer themselves, it can be the case of bulk purchase or movement of expensive items.

Question – Whether E-Way Bill is required if goods are being purchased and moved by the consumer to his destination…[Read more]
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