Author Posts

July 11, 2019 at 7:21 pm

MY CLIENT IS A CIVIL WORKS CONTRACTOR, IN 2018-19 HE NOT GIVE THE PARTICULAR INCORRECTLY, SO I FILED EVERY MONTH GSTR1 & 3B AS A NIL RETURN, NOW I AM GOING TO FILE A INCOME TAX RETURN IN 26 AS SHOWED 538481/- IS A GROSS RECEIPTS, NOW I DECIDE TO FILE JUNE 19 MONTH RETURN IT CONTAINS F/Y 2018-19 TURNOVER AND PURCHASE. IS IT CORRECT OR NOT? WHAT ARE THE PROBLEM RISE AT THE TIME OF 2018-19 ANNUAL RETURN FILING TIME?

July 12, 2019 at 11:54 am

Hello Mr.Sabari Giri Vasan,

If proper Invoices are available for purchases and sales, you can file the GST return for the transactions made in 2018-19 now in this june month return.

Tax on Outward supplies to be paid along with 18% interest, based on the respective invoice dates.

No problem will arise during 2018-19 Annual return filing time if necessary disclosures are made in Table 10 and 14 mentioning the supply and tax details.

Thank you

Also join our exclusive TNGSTP telegram channel for immediate updates on GST, click below to join:

https://t.me/TNGSTP_VARIYARIVU

Regards
Srividya
Team TNGSTP

July 12, 2019 at 12:36 pm

OUTWARD SUPPLIES TAX ADJUST WITH ITC FOR 2018-19 PURCHASE BILLS

July 12, 2019 at 2:08 pm

Hello Mr.Sabari Giri Vasan,

Yes, you can avail ITC on the tax paid on purchases against the output tax payable for the sales made.

Thank you

Also join our exclusive TNGSTP telegram channel for immediate updates on GST, click below to join:

https://t.me/TNGSTP_VARIYARIVU

Regards
Srividya
Team TNGSTP