We receive one asmt 10 notice for each financial year every year. This sept we received asmt 10 notice for fy 22-23 to which we already replied and our reply was accepted last week.
But now we have recived a new asmt 10 notice but for fy 24-25. I want to know don't they do scrutiny only for one year each financial year ? As time limit of 24-25 is sept 2028
A GST-registered Indian company exported consulting services worth approx. ₹80 lakh over the last two FYs to its separately incorporated foreign associate company. Payment was received through banking channels, but LUT was inadvertently not filed for either FY.
Can the company now regularise the omission through retrospective/ex-post-facto LUT or condonation, and continue to treat the supplies as zero-rated exports without payment of IGST? What is the practical procedure and GST/interest/penalty exposure, if any?
The hard part of 2B reconciliation is not always the matching itself.
Sometimes the invoice is obviously the same. The invoice number is entered in a different way:
There are also wrong accountant entries, GSTIN errors, missing GSTR-1 filings or invoices appearing in a different period.
Which mismatch requires the manual effort in your workflow?
Documents already submitted hone ke baad SCN aaya hai to notice me specifically kis deficiency ya verification issue ka mention hai, pehle ye identify karna important hai. Submitted documents ko notice ke points ke saath point-by-point map karke reply karna better rahega, rather than resubmitting everything without addressing the specific objection
I have looked up the HSN/SAC codes applicable. But finding the associated slab rates is hard. I have found rates for HSN at cbic either via notifications (consolidation) or ready reckoner. But SAC code rates I am not able to find any info.
Started a new proprietorship and got a gst with office addr regd at a different place. I mostly operate from home for now due to constraints, and my residential rental home's owner is nice person but don't think he will be okay with adding home as addn. place of business. My gst purchase invoices carry, billing to regd addr and shipping to residential. Is it okay, if I have only my regd addr only in gst portal.