Q. LAST DATE KE BAAD HOW TO CHANE IN SALE IN GSTR-1
Ans.
Through GSTR 1A or in next GSTR 1.
Q. an messty स्कीम में कोई आदेश गलत पारित हो गया है तो क्यो हम उसमें रेक्टिफिकेशन करा सकते हैं
Ans.
Yes. If error is apparent on the face of record.
Q. "Dear Sir,
Our client is an exporter of carpets under the LUT scheme, allowing exports without payment of taxes. They are eligible for a refund of accumulated Input Tax Credit (ITC) in their electronic credit ledger. Unfortunately, the client neglected to file a refund application since the 2017-18 financial year. According to regulations, only refund applications from the past two years are permissible. Therefore, our client is now applying for refunds starting from the FY 2022-23.
During the filing process on the GST portal, it requests a nil refund application for previous years (2017-18 to 2021-22). The concern is whether the ITC accumulated up to FY 2021-22 will lapsed from our Electronic Credit Ledger if we file these nil refund applications. This is crucial for settling any outward liabilities that may exist.
Could you please clarify whether filing these nil refund applications for previous years will affect the retention of ITC until FY 2021-22 in our Electronic Credit Ledger? This will help us proceed accordingly.
Thank you."
Ans.
ITC accumulated up to FY 2021-22 will NOT lapse from Electronic Credit Ledger if nil refund applications are filed for that period.
Q. CAN DEPARTMENT RAISE A NOTICE OF INVESTIGATION FOR THE PERIOD 2017-18 UNDER SEC 122. AS SEC 73 AND 74 BOTH ARE TIME BARRED
Ans.
2017-18 is time barred now.
Q. If I have done the reversal of IGST from CGST for the year 2020-21, then the officer sir is asking for interest on reversal of IGST from CGST, is this correct, if correct then how? If wrong then how? I have done the reversal from credit ledger.
Ans.
Please refer to Circular No. 192/04/2023-GST dated 17/07/2023 for detailed clarification.
Q. GST DEPARTMENT ISSUED DRC-07 ORDER ON 10-01-2025. JUST TELL ME HOW MUCH TIME I WILL GET FOR APPEAL?
Ans.
3 months (90 days) + 1 month (30 Days) grace.
Q. State Government provided Grant for construction of Capital Asset (Building) to a cooperative society. It recognizes grant in profit and loss account and also declares in GSTR 9 - "No Supply" Table 5F. Will such grant be considered in Exempt Supply for the purpose of reversal under Rule 42? Consideration do not includes Government Grant and if a grant is received for an asset, which is not being supplied, so it cannot be considered as supply?
Ans.
Grant received is not considered as supply and it is not considered in reversal of rule 42 and 43.
