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What are the correction can we do in Table 6B. Genune reasons for difference between 6A and 6B.Can we show in 6B net off reversals reported in Table 7? a little bit confuse.

How to show in ,gstr 9 reversed and re claimied itc in samw year

Can somebody explain about table 6M any other credit available which not specify above.

Surprise popcorn action from GST officials. The Auto populated credits in GSTR 9 for FY 2021-2022 & 2022-2023 was from GSTR 2A. Accordingly every tax payer has filed their Annual Return based on auto populated credits in GSTR 9 for FY 2021-2022 and 2022-2023. Now the department officials are issuing Notices for FY 2021-2022 & 2022-23 based on GSTR 2B vs GSTR 3B, by ignoring their blunder. 🤔.

As expected. Told many of my colleagues not to rejoice with the judgement. Just wait till next budget and the decision will get overturned by the amending the act. And see. I was right

Most shamless FM in the history of India. Even Pranab Mukherjee was better than her .

Good point

Department doesn't want to give the credit to the taxpayer It's seems literally dominate than Supreme Court judgements

Will Aggregate turnover include Indirect income and Income declared in Other source on which was not paid Like Interest on Secuity deposits, Income tax refund, CApital gain etc

Sir, If we have some reversal of ITC do we need to adjust in Table 9 Tax payable.

Sorry state of affairs. *With effect from 01/07/2017.* How far one can make retrospective amendment.😢🤔 Article 20 of the Constitution of India prohibits the legislature to make retrospective criminal laws, however, it does not prohibit a civil liability retrospectively i.e. with effect from a past date. Therefore, tax can be levied retrospectively. However, in tax law, if there is a penal provision, retrospectivity is not permitted to that extent. If such amendment in section 17(5) (d) leads to penalty, can the Tax payer be penalized for irregular ITC on account of retrospective amendment of 17(5)(d) which led to irregular availment of ITC.

PREDICTED ON THE SAME DAY😃

Very correct sir. Our finance ministry can do anything. Atleast where there is furtherence of business ITC should allowed on inputs.

Brilliant analysis. The biggest trouble is for builders who started projects FY 2021-2022 onwards as for earlier tax periods Section 73(1) Notices are time barred. Would it be appropriate to reverse the ITC taken before the Revenue takes cognizance?

Sir, if we have not reversed common ITC related to 22-23 or previous years and now reversed in FY 23-24 in 4(B)(1). Where we have to show the same in GSTR-9 of FY 23-24 ? Interest received on Debenture should be shown in NIL/Exempt Income or not? ITC taken and reversed in FY 23-24 and not taken till the time. Now we realized that same ITC is not recoverable. How to show the same in GSTR-9 of FY 23-24 ? In books Accrued Interest booked on FD or Inter Company Deposit as Other Income but not received in FY 23-24, may be received in FY 24-25 or later on. Can we shown as FY 23-24 turnover in GSTR-9?

Yes, Understood Sir

Clear Sir

Recommendation some are good but regarding Popcorn its hardship to the consumers. It may charged @5% irrespective of Sugar added or Carmel. It will increase tax evasion. Deliberation is very nice. Thank you very much. Regards

Sir in table 17 i put hsn of outputs including credit note supply. It will be ok or not? Please reply

Why complicate so much? GST was supposed to be a Good and simple tax, but it's such a pain to practice gst.

sir gst wale cheejo ko itna complicated kyu kr dete hai. bina soche aise form nikalte kyu hai jo sabhi ka sir dard kar de wo bhi bina kisi clarification k

Bimal sir, Two questions 1. Where to report in GSTR 9 of Itc of 23-24 claimed in 24-25 and reversed before AR becaused of not paid within 180days. 2.Excess gst paid for excess O/s reorted in 23-24, but rectified by amending within 16(4) and adjusting against tax liabilities for 24-25 Tks & Rgds

Yes

Tax payer had received excess refund, how to repay the amount , interest under gst ,which rule , notification or

Yes

Yes. Very clear.

If masal added, let them tax @28%

Excellent Work. One thing can be done, what was the provision before the meeting & what will change post meeting, so that we can make out the difference.

Thanks you so much sir… As usual, Very details and clear. Thanks for the full video in English.

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55th GST Council Meeting is for Common men. Held FM. 🤫 The Caramelised popcorn added with sugar will be different from the Namkeen. Tax @ 18 %. Where as GST exemption on surface-to-air missiles. @ NIL RATED.

Sir, About CN u/s how I can find from GST portal that the buyer have revered the ITC or Not

Your Explaintion is commendable . Thanks

Sir thanks for this useful video

For eg Cadbury. Caramel or coco. Charge gst 18% sir

Sir your explanation is commendable

Sir. Gst on caramel 18%gst

Sir, if we have not reversed common ITC related to 22-23 or previous years and now reversed in FY 23-24 in 4(B)(1). Where we have to show the same in GSTR-9 of FY 23-24 ? Interest received on Debenture should be shown in NIL/Exempt Income or not? ITC taken and reversed in FY 23-24 and not taken till the time. Now we realized that same ITC is not recoverable. How to show the same in GSTR-9 of FY 23-24 ? In books Accrued Interest booked on FD or Inter Company Deposit as Other Income but not received in FY 23-24, may be received in FY 24-25 or later on. Can we shown as FY 23-24 turnover in GSTR-9?

To avoid this type of issue, is there any possibility that buyer will pay the gst amount and avail the ITC. Pls tell me sir

Sales in GST1 in FY 2023-24 shown correctly but shown less in GST3B. Later in april 2024 it was increased in GST3B. which table of GST-9 will impact ? Whether Table 4 figures to change ?

Retrospective law always creates a mess.

Thanks sir, Issues like popcorn classification should be made simple and align with trade

Yes