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Krishna Murthy

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Issue Id: 119026

GST on Partition of HUF

Dear Experts, A business in trading of Gold Ornaments was being run by HUF. On demise of Karta, the remaining members of the family decided to ... Read Full Issue

Asked by Krishna murthy

12 Mar 2024

4 Replies

2246 Views

Issue Id: 118997

Confiscation of Goods

Sir, Search u/s 132 was conducted by the Income Tax Department and found there was excess stock available in the premises. The assessee has admitted ... Read Full Issue

Asked by Krishna murthy

22 Feb 2024

5 Replies

1332 Views

Issue Id: 118628

Reversal of wrongly availed ITC

A Registered Person (RP) has availed ITC based on the invoices issued by his Suppliers. However, after investigation by the Department, it was found ... Read Full Issue

Asked by Krishna murthy

08 Jul 2023

20 Replies

12169 Views

Issue Id: 117703

Validity of notice/letter issued by Proper Officer

Sir, In one case, the proper officer has issued a notice/letter requiring the registered person to submit all the invoices, e-waybills and bank ... Read Full Issue

Asked by Krishna murthy

16 Dec 2021

4 Replies

1686 Views

Issue Id: 117660

Clause 16(d) of Form 3CD

Sir, Clause 16 is about "Amounts not credited to Profit and Loss Account" and Sub Clause (d) "any other item of income". Does ... Read Full Issue

Asked by Krishna murthy

25 Nov 2021

0 Replies

4583 Views

Issue Id: 117640

Registration requirement in a State where goods are stored

Sir, Mr Seller registered person in state A, purchases goods in state B. However, he does not want to bring the goods to state A and wants to place ... Read Full Issue

Asked by Krishna murthy

14 Nov 2021

3 Replies

1584 Views

Issue Id: 117347

Aggregate Turnover in case of Advances received

The definition of Aggregate Turnover as per Sec 2(6) does not include advances received. As per Sec 22, a person is liable for registration when the ... Read Full Issue

Asked by Krishna murthy

13 Jul 2021

4 Replies

8688 Views

Issue Id: 117254

Applicability of Sec 73 or Sec 74

Sir, In one situation, the proper officer has issued show cause notice to a case where GSTR 3B has been filed belatedly paying applicable taxes ... Read Full Issue

Asked by Krishna murthy

30 May 2021

15 Replies

5657 Views

Issue Id: 117135

QRMP Scheme

Sir, The tax payer was migrated to QRMP scheme by default in Jan 2021. However, since he does not have B2B transactions he did not file IFF ... Read Full Issue

Asked by Krishna murthy

04 Apr 2021

1 Reply

1025 Views

Issue Id: 117044

Sec 126 of CGST Act with regard to Penalties

Sir, Sec 126 of CGST Act, General disciplines related to penalty, Sub Sec 6 says that the provision does not apply to a case where penalty is fixed ... Read Full Issue

Asked by Krishna murthy

01 Mar 2021

5 Replies

4473 Views

Issue Id: 117033

ITC of IGST charged with different POS while registered in other state

Sir, Mr A is the Main Contractor registered in Andhra Pradesh and obtained works contract to construct immovable property in Delhi. Mr A ... Read Full Issue

Asked by Krishna murthy

24 Feb 2021

4 Replies

4991 Views

Issue Id: 116946

Applicable tax under Sec 129

Sir, Section 129(1)(a) of CGST Act provides for release of goods detained in transit on payment of applicable tax and penalty. What is the rate of ... Read Full Issue

Asked by Krishna murthy

05 Jan 2021

3 Replies

2105 Views

Issue Id: 116812

Show Cause Notice under GST

Sir, can a Proper Officer (PO) issue SCN based on the objections raised by the AG Audit objections. There was an issue with regard to interest ... Read Full Issue

Asked by Krishna murthy

26 Oct 2020

3 Replies

3608 Views

Issue Id: 116741

Aggregate Turnover for 33/2012 ST

Sir, As per NN 33/2012 ST (SSI Notification) taxable services to an extent of ₹ 10 Lakhs is exempted from Service Tax. As per NN 26/2012 ST ... Read Full Issue

Asked by Krishna murthy

27 Sep 2020

1 Reply

10034 Views

Issue Id: 116666

Notification Vs Press Release

Sir, recently CBIC has issued a notification NN 63/2020 on 25-08-2020 stating that the amended Sec 50 would be applicable wef 01-09-2020 ... Read Full Issue

Asked by Krishna murthy

27 Aug 2020

2 Replies

4181 Views

Issue Id: 116642

Intimation in DRC 01A

Can the Assessing Officer, issue an Intimation u/s 73(5) or 74(5) without opening the proceedings or without any proceedings pending before ... Read Full Issue

Asked by Krishna murthy

20 Aug 2020

5 Replies

9824 Views

Issue Id: 116627

Applicability of reduced rates of TDS

Sir, there was a press release from the Finance Ministry regarding reduced rates of TDS by 25% on 13 May 2020. Is there any official notification ... Read Full Issue

Asked by Krishna murthy

18 Aug 2020

1 Reply

741 Views

Issue Id: 116616

GST Rate on Ground Nuts - Exempt or 5%

As per S No 81 of 2/2017 CTR Notification Ground Nuts are exempted from tax when the same is of seed quality. While the Ground Nuts are other than ... Read Full Issue

Asked by Krishna murthy

10 Aug 2020

5 Replies

22367 Views

Issue Id: 116475

GST Implication of Sale Price less than Purchase Cost

A trader sells goods at a price which is less than the purchase cost of the same and thereby accumulates the ITC. He does this for achieving volume ... Read Full Issue

Asked by Krishna murthy

13 Jun 2020

3 Replies

23598 Views

Issue Id: 116321

E Waybill - Issues

Sir, There was a supply made by ABC (Seller) and invoice raised accordingly. However, due to the mistake by the accountant in stead of generating e ... Read Full Issue

Asked by Krishna murthy

26 May 2020

5 Replies

1636 Views

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26 Replies on 22 Issues

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Issue Id: 119026

GST on Partition of HUF

Dear Experts, A business in trading of Gold Ornaments was being run by HUF. On demise of Karta, the remaining members of the family decided to ... Read Full Issue

Asked by Krishna murthy

12 Mar 2024

2 Replies

2246 Views

Issue Id: 118997

Confiscation of Goods

Sir, Search u/s 132 was conducted by the Income Tax Department and found there was excess stock available in the premises. The assessee has admitted ... Read Full Issue

Asked by Krishna murthy

22 Feb 2024

1 Reply

1332 Views

Issue Id: 118996

Late fees on CMP 08

Whether there is any late fees on CMP 08? GST department is issuing notice regarding late fees on CMP 08 on the basis of point no. 4, Notification ... Read Full Issue

Asked by Venkatesh dhongadi

21 Feb 2024

2 Replies

5957 Views

Issue Id: 117703

Validity of notice/letter issued by Proper Officer

Sir, In one case, the proper officer has issued a notice/letter requiring the registered person to submit all the invoices, e-waybills and bank ... Read Full Issue

Asked by Krishna murthy

16 Dec 2021

1 Reply

1686 Views

Issue Id: 117668

Section 16(2) vs 16(4)

Is section 16(2) of CGST act overriding section 16(4) of CGST act?

Asked by Narender yarragorla

30 Nov 2021

1 Reply

11401 Views

Issue Id: 117381

GST applicability

A service provider whose annual turnover does not exceed ₹ 15,00,000/- gets himself registered under GST in view of GST liability under RCM on ... Read Full Issue

Asked by Ethirajan parthasarathy

26 Jul 2021

1 Reply

2164 Views

Issue Id: 117285

Payment of GST by Charitable Trust

Dear Experts, I request the experts to kindly clarify, whether a Registered Charitable Trust which got 12AA exemption from Income Tax is liable to ... Read Full Issue

Asked by Arunachalam m

18 Jun 2021

1 Reply

2905 Views

Issue Id: 117265

Service provided to TTD devasthanam

Dear Sir / MadamServices provided to Temples (EXAMPLE Tirumala Thirupathi Devasthanam) is Liable to GST or it is Exempt from GST.Security ... Read Full Issue

Asked by Kumar narasimhan

05 Jun 2021

1 Reply

8583 Views

Issue Id: 117254

Applicability of Sec 73 or Sec 74

Sir, In one situation, the proper officer has issued show cause notice to a case where GSTR 3B has been filed belatedly paying applicable taxes ... Read Full Issue

Asked by Krishna murthy

30 May 2021

3 Replies

5657 Views

Issue Id: 117073

IFF -GST Returns

sir iam getting a message while trying to file IFF returns. "As per Rule 59(2) of CGST Rules, 2017, the cumulative value of all records reported ... Read Full Issue

Asked by Vignesh

08 Mar 2021

1 Reply

4421 Views

Issue Id: 117044

Sec 126 of CGST Act with regard to Penalties

Sir, Sec 126 of CGST Act, General disciplines related to penalty, Sub Sec 6 says that the provision does not apply to a case where penalty is fixed ... Read Full Issue

Asked by Krishna murthy

01 Mar 2021

1 Reply

4473 Views

Issue Id: 116642

Intimation in DRC 01A

Can the Assessing Officer, issue an Intimation u/s 73(5) or 74(5) without opening the proceedings or without any proceedings pending before ... Read Full Issue

Asked by Krishna murthy

20 Aug 2020

1 Reply

9824 Views

Issue Id: 116616

GST Rate on Ground Nuts - Exempt or 5%

As per S No 81 of 2/2017 CTR Notification Ground Nuts are exempted from tax when the same is of seed quality. While the Ground Nuts are other than ... Read Full Issue

Asked by Krishna murthy

10 Aug 2020

1 Reply

22367 Views

Issue Id: 116327

MSME Registration

HiCan a trader in pharmaceutical (who purchases from manufacturer and supplies to medical outlets) is eligible to be registered under MSME ... Read Full Issue

Asked by Manohar kalburgi

27 May 2020

1 Reply

2650 Views

Issue Id: 116322

Interest on Tax liability be paid upto which date

Interest is to be paid if tax liability is paid after the due date. However, my query is that what if we make the payment of tax liability before due ... Read Full Issue

Asked by Navy g

26 May 2020

1 Reply

1698 Views

Issue Id: 116321

E Waybill - Issues

Sir, There was a supply made by ABC (Seller) and invoice raised accordingly. However, due to the mistake by the accountant in stead of generating e ... Read Full Issue

Asked by Krishna murthy

26 May 2020

1 Reply

1636 Views

Issue Id: 116308

CGST/SGST in place of IGST

Dear Sir,In case of Bill To & Ship To, if Supplier has paid CGST/SGST in place of IGST & receiver also availed same as CGST/SGST for whole FY ... Read Full Issue

Asked by Ashiesh prremji

21 May 2020

1 Reply

9501 Views

Issue Id: 116107

Service Tax or Central Excise Duty on Freight Charges

A manufacturing unit raises central excise invoice with basic price and central excise on the basic price. Freight is also included in the invoice ... Read Full Issue

Asked by Krishna murthy

05 Mar 2020

1 Reply

2777 Views

Issue Id: 115497

GST on Partners Remuneration and Interest

Sir, is GST applicable on amount received by partners from the partnership firm as Remuneration and Interest. Whether the same fall under the ... Read Full Issue

Asked by Krishna murthy

06 Oct 2019

1 Reply

17099 Views

Issue Id: 115388

Form 9A and Form 10 of Income Tax Act

Sir, An organisation being Trust whose income is chargable under Sec 11 and 12 of Income Tax Act is allowed to accumulate its income to be utilised ... Read Full Issue

Asked by Krishna murthy

04 Sep 2019

1 Reply

85843 Views

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Krishna Murthy

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