Q. 672 Is this compulsory to report the debit note received from the supplier, in gstr-1. because supplier already reported those as credit note and if we report it as debit note then in result it increae our sale in gstr-3b and because of credit nore by suplier our ITC automatically decreased ?

Ans. GSTR- 1 is particularly made for transactions covering outward supplies, no need to report credit notes pertaining to inward supplies in GSTR-1. 

Q. 671 ASMT 10 issued where a time period of only 7 days provided for submitting reply . What shall be the legal validity if reply submitted within 30 days from date of issue of notice as Sec 61 provides 30 days period . 

Ans. According to Rule 99, it is mandatory to submit the response to ASMT-10 within thirty days of receiving the notice. However, if you require additional time, you have the option to submit an adjournment letter to request an extension. 

Q.670 A person is engaged in the retail trade of confectioner items, cigrates, pan masala, biri & general items as well as making of tea, coffee and juices of various fruits. He wants to take composition scheme under 1%. In this case,due to making of tea & coffee, it will covered under restaurant service.please guide to us

Ans.If an individual is involved exclusively in the retail trade of Pan Masala, they are eligible to register under the composition scheme. However, if the individual is engaged in the manufacturing of Pan Masala, they are not eligible to avail the benefits of the composition scheme.