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Payment of GST against outward supplies of July'17

Payment of GST against outward supplies of July 17 - Goods and Services Tax - Started By: - MohanLal tiwari - Dated:- 16-8-2017 Last Replied Date:- 20-8-2017 - Dear Experts, Your expert advise is requested regarding payment of GST against outward sup .....

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r payment of tax. Please declare credit in GSTR-3B and utilize for payment. There is no opening and closing balance column in GSTR-3B so you have to show it as credit taken. - Reply By MohanLal tiwari - The Reply = Thanks Mr Prajapati, 1st of all twe .....

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pert opinion and guidance from Mr Kasturi Sethi & Mr Rajgopalan as we have more than 2.5 crore credit and GST payable for July is 1.35 crore. - Reply By HimansuSekhar Sha - The Reply = To take the closing balance of June return, tran 1 form to be .....

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t ledger the amount of CENVAT (or VAT credit) credit carried forward in the return of the last period before the appointed day, subject to the conditions stated therein. (Section 140(1) of the CGST/SGST Act. The conditions are that: - (i) the said am .....

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ate; (iii) the said amount of credit does not relate to goods sold under notifications no. ……and claiming refund of VAT paid thereon Under SGST law there will be one more condition as given below: - So much of the said credit as is attr .....

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f the Central Sales Tax (Registration and Turnover) Rules, 1957 shall not be eligible to be credited to the electronic credit ledger: However, an amount equivalent to the credit specified above shall be refunded under the existing law when the said c .....

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te. As per rule 117 (1) of CGST Rules, 2017, to avail the credit you have to submit a duly signed declaration electronically on common portal in Form GST TRAN-1. - Reply By KASTURI SETHI - The Reply = I support the views of Sh.Ranganathan Sir and Sh. .....

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-filing of TRANS-1 and non-uploading of inward supplies invoice by their supplier. Final return is GSTR 3. If all the inward supply invoices are uploaded and TRANS-1 is uploaded, the system will automatically give due benefit after auto rectification .....

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