Splet14. avg. 2024 · The rate of CGST and SGST is fixed at 6% each (12% GST). So the trader will have to pay Rs 3000 CGST into the Central Govt. account and ₹3,000 SGST into the State … SpletPenalty under section 271(1)(c) of the Act was imposed vide order dated 23.3.2011, Annexure A.II for furnishing inaccurate particulars for treating the sales tax subsidy/exemption amounting to 4,09,86,935/- as capital receipt instead of revenue receipt.
Claimed IGST ITC instead of CGST and SGST, Goods and Services …
Splet02. nov. 2024 · I posted Instead of IGST, system calculating CGST and SGST in interstate level. so, i got the solution. Actually system identified either it interstate or intrastate with its address form. it means if our company address is from Gujarat state and Vendor/Customer address are from some other state that time system calculated IGST. Note- 1. Splet13. jul. 2024 · CGST is for the central government while SGST is for the state. The rate of CGST is 9%, same as SGST. After the application of CGST (9% of Rs. 10,000), the final … svn e155004 is already locked
Wrong credit taken of cgst and sgst instead of igst - CAclubindia
Splet20. mar. 2024 · CGST and SGST are applicable to the supply of goods and services within a state. Whereas, IGST is applicable to the inter-state supply of goods and services. Since … Splet10. sep. 2024 · Issue Id: - 115506 Dated: 9-10-2024 By:- Krishna V Wrong payment made using DRC-03 Contents Sir Accountant wrongly debited ₹ 6.5 lakhs in CGST instead of SGST using DRC-03 Is there any way to correct this, so that the same is either recredited into Credit ledger or get refund from tax department. Please help Posts / Replies Splet21. jun. 2024 · Here we need to understand that GST is supplied based tax. It is levied on the basis of supply made by the supplier. If supply is interstate supply from the point of … svndy dividend history