Q. 331 Sir, A registered composition scheme dealer sales of goods turnover rs:52 lacs only show in gstr-4 annual return in f.y.21-22 .but dealer sales turnover (increased sales turnover stock variation adjustment purpose)rs:60 lacs and commercial rent income rs:1,20,000/- show in income tax returns f.y.21-22. Question: Dealer increase sales of goods turnover rs:8 lacs and commercial rent income tax pay and gst returns show procedure in f.y.21-22 ?

Ans. Turnover on which tax is not paid earlier may be paid by DRC-03.

Q. 330 What is sac code air fright which become taxable on 1st october 2022 ?

Ans. The SAC for Air Freight is 9965.

Q. 329 A Dealer filed GSTR3B during Mar 2020 for pervious year 2018-19 for all the month by paying late fee as applicable. he has claimed GST input tax credit for all the purchases. now department is saying he should not claim input tax credit. Please suggest any supporting case law if any which benefit the assessee to file apeal against AO order ?

Ans. A Registered person is not entitled to take ITC pertaining to 2018-19 after the due date of furnishing GSTR 3B of Sep,19 or Annual return, whichever is earlier as per section 16(4). Therefore, any wrongly availed ITC after the prescribed period is required to be reversed with Interest u/s 50(3).