GSTR 9C

What is the methodology to extract turnover from April 2017 to June, 2017?
Adjustments are to be made based on the point of taxation under excise law, State level VAT law and service tax law to arrive at taxable values as pe r the ...
Thu, 13 Jun, 2019 at 6:51 PM
What is the effect of credit notes issued in relation to exempt supplies, zero- rated supplies and non-GST outward supplies?
Supply of exempt, zero-rated and non-GST outward supply of goods and/ or services are not liable to GST. In such a scenario, the credit notes issued for cla...
Thu, 13 Jun, 2019 at 6:52 PM
What are the implications upon issuance of financial credit notes?
Financial credit notes would not adjust the amount of GST involved in the original tax invoice issued at the time of supply of goods and/ or services. Accor...
Thu, 13 Jun, 2019 at 6:53 PM
Provide an illustration of reconciliation of turnover arising in FORM GSTR-9C due to the valuation provisions
A suitable illustration can be taken in the case of construction contracts wherein the contractor is given a contract by a developer for construction of bui...
Thu, 13 Jun, 2019 at 6:55 PM
Should the registered person disclose details of “notice pay” recovery from employees in FORM GSTR-9C? If yes, where should it be reported?
If the registered person has considered the notice pay recovered from employees as a taxable supply but has not disclosed the same as an income in the Profi...
Thu, 13 Jun, 2019 at 6:57 PM
Is there any transaction which appears under the expense head, but has an impact on the outward taxable supplies for the purpose of GST?
Yes, one of the cases can be incentives/ rebate received from supplier which is considered as a supply under GST. Incentives/ rebate received from the suppl...
Thu, 13 Jun, 2019 at 6:59 PM
Is there any reconciliation required in FORM GSTR-9C in case of sale of capital goods?
In respect of sale of capital goods, only the profit/ loss arising on the sale of such capital goods is disclosed in the Profit and Loss account. Whereas, t...
Thu, 13 Jun, 2019 at 7:00 PM
What is the effect of return of pre-GST inward supplies by a taxable person?
As per the transition provisions [Section 142(1)], taxable person is required to consider return of pre-GST inward supplies as an outward supply and raise ...
Thu, 13 Jun, 2019 at 7:01 PM
What is the effect of inputs and capital goods which is sent to a job worker but is not returned within the prescribed period?
As per section 143(3) and 143(4) of the CGST Act, where inputs or capital goods are sent to job worker and such goods are not received within the prescribed...
Thu, 13 Jun, 2019 at 7:02 PM
What is the effect of non-receipt of consideration in convertible foreign exchange within the prescribed time-limit for export of services and its effect on FORM GSTR-9C?
In terms of Rule 96A, it is specified that a registered person would be liable to pay applicable tax along with interest within fifteen days from the follow...
Thu, 13 Jun, 2019 at 7:04 PM