Dear Expert

Kindly advise what is the threshold limit for e invoice under GST Act from 01-04-2021 onwards.

As per section 40A (7) (a) subject to the provisions of clause (b) no deduction shall be allowed in respect of any provision made by the assesse for the payment of gratuity to has employees on their retirement or on termination of their employment for any reason.
(b) nothing in clause (a)shall apply in relation to any provision made by the assesse for the purpose of payment of a sum by way of any contribution towards an approved gratuity fund, or for the purpose of payment of any gratuity that has become payable during the previous year.
Section 36 deals with deduction allowable in computing the income under section 28 (Profit and gains of Business or profession). Clause (1)(v) of the section say any sum paid by the assessee as an employer by way of contribution towards an approved Gratuity fund created by him for exclusive benefit of his employees under an irrevocable trust.
A Society maintain its Books of account on accrual basis and makes provision of Gratuity on actuarial basis.
My quarry is – (i) whether society can claim deduction of Gratuity provision while computing its income and its application as its income is chargeable u/s 11 and 12, while provisions of Section 36, 40A applicable for computing income under the head Profit and gains from Business or profession and not applicable to the Trust / Society.
(ii) if by any interpretation, provisions of section 40A apply to Society, whether it may take Gratuity policy from LIC directly without forming any Gratuity Trust?

We are Andhra Based Export Company holding GST Number of Andhra Pradesh State. We have to export through Cochin Port (Kerala ). Our supplier is Madhya Pradesh Based Manufacturing Company and will directly deliver the goods to us at some registered ware house in Kerala and from the said ware house we will load the consignment for Cochin Port so that shipment should be effected through Cochin Port.

Whether in such transaction certain compliance will have to be filed with the GST Department of Andhra Pradesh.

When I upload the GSTR 9C Signed Json file to GST Portal after its status is show for system failure. what is exactly problem I cant understanding, I asked to GST Help desk but they are said it is techanical issue you should raise the grievance.
I raise the complaint its resolution not yet received
please any one solve the above problem

Please let me know the HSN codes for below mentioned food items
Chapati
Coffee/Tea drink
Upma
Chowchow bath

Hi,

we are a SEZ unit and not filed the IT return on due date but we filed audit report on due date. So IT Department says the return has been filed after due date, and hence deduction u/s 10AA has not been consider, and processing has been computed accordingly.
What are the next procedures we have to do for claiming the amount under section 10AA.

Regards
Nirmal

Dear Sir,

I want to know what are the ROC compliance need to be done for Resigning an auditor and then appointing a new auditor in Private Limited company for y.e. 31.03.2021 and what is the time limit for filing of ROC forms.

Regards,
Divyesh Jain

A clearing and forwarding agent incurs expenses like loading, unloading, repacking, transhipment, freight, demurrage and gets reimbursed from his principal. The agent collects gst and pays it each and every month too. Is the agent liable to pay reverse tax? Technically there will be no such reverse tax as he pays the gst collected from his principal every month. Still, is it mandatory for the agent to offset the reverse tax in his monthly 3B return?

Accidental death claim amount received by Nominee with Interest but the insurance company deducted TDS on Interest received u/s 194A, Under which section we can claim the exemption of the Interest amount ?, As per various High court judgments the interest amount is part of compensation and it should be capital receipt so should not be liable to deduct TDS.

Thanks in advance...

I have revised an ITR-6 for the Ay 20-21 but the below given error appears on screen
=======================================================================
Amount of depreciation set-off against the current year income cannot be more than Amount of brought forward unabsorbed depreciation.
======================================================================================
What to do now sir ?