Dear Experts,

TDS exemption limit U/s 194C is INR 30,000 in case of a single contract and INR 1,00,000 in case of aggregate amount during the financial year.

But what if we have invoice booked from Apr 19 to Feb 20 is Rs 5500 only and One transaction in Mar 20 is for Rs 30400
so, in this case we have to deduct TDS on 30400 only ?? or
TDS on 30400 + Debit note for TDS on Rs 5500 also ??

Please help

Hello, case of my query goes as follow:
I have Government contracts where I have received TDS Credit under GST for every issue of Invoices to the Government Company.
I have duly filed TDS and TCS Credit return from time to time which were required to be filled till September 2019. Other than that I have not given effect of TDS anywhere else. Also not in GSTR 3B.
Now when I check my "Comparision of Liability and ITC Claimed Statement" for the year there is difference in my "ITC credit claimed and Due" Head. The difference exists of ITC Claimed as per GSTR 3B and GSTR -2A. The difference amount is the amount of TDS amount which is filled every month of TDS Credit received.
Also it is to be noted that difference of TDS amount is shown in SGST column. However there is no suchmn impact shown in CGST Column. Which SGST figures have difference of TDS credit amount whereas CGST column matches and no TDS credit figure is been taken in such column.
KINDLY GUIDE REGARDING THIS ISSUE AS IF I HAVE COMMITTED ANY MISTAKE OR THERE IS ONGOING ERROR UNDER GST PORTAL. PLEASE HELP??

Dear All,
I want to ask a question.
As I m working in automobile sector ( a two wheeler motorcycle company )
I want to know all the journal entry on selling the bike to customer with registration and insurance .with their head.
So please provide me the solution.

PAN not registered with NSDL!

Freelancer is provided translation services to our client and freelancer Is not registered under gst portal. in such case also our client is liable to do pay tax under RCM?

Dear Sir/Mam,

1.Cash transaction per day not exceed Rs.10000.
2.Below section can make a cash payment for carriage outwards up to Rs.35000 per day.Kindly give your feedback.

In order to disincentives cash transactions, section 40A (3) has been amended and limit of cash payment per day to a person has been reduced from ₹20,000 to ₹10,000 from assessment year 2018-19. However no changes to the monetary limit of ₹35,000 has been made in the case of payment for plying, hiring or leasing of goods carriage which was effective from October 2009.The disallowances to be applicable if the payment made in a day to a person otherwise than an account payee cheque/draft/use of electronic clearing system through a bank account.

Thanks & Regards,
S.Ilayaraja

Respected Members,

Greeting for the day!!

Require your guidance in below subject...

Financial year 2018-2019 the ITC not claimed by concern at time of filing GSTR3B and they have filed the GSTR1 for all four quarters and payment also not made to govt. as all GSTR3B filed as NIL Returned.

Can i still claimed ITC for the FY 2018-2019 and Filed GSTR9 (as turn over is only 22.00 Lakhs) with outstanding payment if any

Please guide me Thanks a lot in advance..

One of my client has claimed ITC during the year 2017-2018 but there is no taxble supplies. Now in the month of Jan 2020 the department send notice to pay the ITC claimed during the year 2017-2018 as there is no taxable supplies. My doubt is whether can I reverse that ITC in the month of Feb 2020 GSTR-3B since it is there in credit ledger or I have to pay the ITC through cash in DRC-03. Kindly clarify me. thank you

Iam finalization accounting books data up-to-date in property concern.cash on hand is very low.how to many ways of cash on hand increased producure in proprietory concern.

Dear Sir,

In previous year 18-19 in books of account my GP Was 8.90% and NP was 4.31% in this current year 2019-2020 My Gross profit is 8.96 and NP is 4.34%.
Can we face any problem
Please guide to us