Dear GST Experts,
We are running Schools & Hostel for Students, as well we are providing NEET coaching to our students. Some NEET Repeater students are requesting us to provide accommodation in our school hostel. As an educational institute we didn’t register under the GST.
In this case how do we collect the hostel fee from external student? Is there any GST Impact?

Dear GST Experts,
GST registration is require for collecting School Fee, Hostel Fee, Books Fee etc?

Furniture shop owner purchase furniture 500000 from XYZ Ltd payment terms 2%CD will be allowed if we pay within 10 days otherwise bill is due in next 30 days as an accountant you realised that company do not have sufficient funds to pay within 10 days.
Company owner has made payment his personal bank account 490000 within 10 days and distribute purchase as follows
400000 company warehouse for business
75000 company office purpose
20000 for windows display for marketing purposes
5000 owner personal use
What are journal entries?

Hello CAClubIndia,

I've been importing goods from China and reselling in India. My sole-proprietorship firm has IEC for the purpose of commercial importation. I recently received a request from another company to import goods for them using my IEC and firm. It work like they will transfer the amount needed for the purchase to my company bank account which I will use for the purchase. Once the goods are arrived to me, I will transfer the goods to them. As the company is owned by my friend, I will skip any profit for this deal.

My question is that if this needs GST to be collected and remitted by me from the other company as there is no active sales transaction being taken place?

Also, will this put any load on my shoulders in the form of Income Tax or any other taxes immediately or later?

Please suggest a good workaround after giving answers to my questions.

Thanks in advance.

Our one client dealing with surgical instruments business, he imported of goods and paid IGST 12% at the time of import of goods to the government, and he is resell imported goods to Maharashtra clients. Query is that Now Can he claim IGST amount as per GSTR-2b reflected on portal?

Sir,

We are running a Restaurant under 5% GST and doing online sales also, through E Commerce operators. We are updating the online sales in GSTR1 in the table 14 - u/s 9(5). But, the GST portal does not include this sale amount in the total taxable sales shown in the bottom of the GSTR 1. As such, shall we include the online sales in table No. 12 - HSN wise break up of the turnover or not ?

Pls. advice.

GST Registration of one of my client was suspended due to non-filing of GSTR (FY 2018-19). During Suspension period, purchases were made by my client, on which ITC was disallowed by Deptt. Although, my client subsequently filed his pending GSTR, paid his output liability and his GST registration also activated. But ITC of suspension period not shown shown either in GSTR 2A . Now a demand has been received against said ITC ? Is there any remedy for the same ?

applicability of GST for research grant received from Finance Commission to Trust

Hi Experts,
Having a doubt on concessional rate supply at 0.1% when sold to merchant exporter.
Under concessional rate supply at 0.1% one of the condition is the merchant exporter have to export the goods within 90 days from the date of e-invoice made by supplier and if merchant exporter fails to export within 90 days then supplier cannot avail 0.1% concessional rate, here i want to know the explanation for “supplier cannot avail 0.1% concessional rate” does is it mean that supplier have to pay 18% GST if merchant supplier fails to export within 90days ?

Sir,
Kindly let me know i forgot to file a sales invoice of mar 2024 in GSTR-1 ,how can i register it now ?
If i register now in April 2024 month ,it is change of year 23-24 to 24-25

Please reply