Re: [CA. GOYAL MANISH] Digest for caknowledgeshare@googlegroups.com - 1 update in 1 topic

[L.S.Dhupia]

Hello,

 

Please enlighten me on treatment of Cash Dicount by receiver and also by payer ( both registered under GST ) . under GST regime.

One option is to treat it as   income of receiver and expense of payer.   Cash discount is given by the buyer to seller for timely

payment to seller. Who will charge GST and at what rate ?.

 

Thanks and Best Regards

 

CA. L S Dhupia  98300 15161

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• Form GSTR 3B for July 2017 extended to August 28 subject of Condition - Press Release - 1 Update

Form GSTR 3B for July 2017 extended to August 28 subject of Condition - Press Release

CA Vikram Khaitan/ARV Group <vik...@arvsolutions.co.in>: Aug 17 08:34PM +0530 Dear All,   Please note that the Finance Ministry has issued a press release extending filing of Form GSTR 3B for July 2017 to August 28 subject of Condition.   It state that the Government acknowledges concerns regarding form for claiming transitional input tax credit not being available on the GSTN website and the Form GST TRAN 1 would be available from August 21st.   It has been clarified that the extension of deadline only for those taxpayers who want to claim transitional credit, however with caveat that they have to make full settlement of the tax liability after adjusting the transitional input tax credit before August 20th.   In case you require any assistance on GST, feel free to get in touch with us.   Thanks & Regards,     CA Vikram Khaitan   Partner – GST Assist Division   ARVG & Associates, Chartered Accountants   ------------------------------------------------------------   D: +91-33-4064 4076; M: +91-98315 86568   Email: vik...@gstassist.co.in/vik...@arvsolutions.co.in   ------------------------------------------------------------   Save the environment. Do not print this Email unless it is necessary - Environmentally ARV Group   Thank you for considering the environmental impact of printing email

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[Biswanath Dawn]

If we do not have any liability under GST but we have ITC ( WB VAT) on 30-06-2017, do we require to file GST TRANS-1 now. Or we may file GST TRANS-1 later on?