I have deduct TDs on proforma invoice at the time of advance payment made to supplier.
for example.
PI basic amt 5000
TDS amt=500
supplier payment amt =4500
when work completed he raise tax invoice on actual work of Rs.4000 basic + 720 tax
=4720 .
in above case I will recover 1000 from supplier.
but how I will accounting effect of TDS of rs.100 paid excess amount in my books
only one transaction in one financial yrs of this supplier.
FOR INFORMATION PURPOSE ONLY :
Filing of Annual Return ( GSTR-9 ) has been made "OPTIONAL" for Taxpayers whose Aggregate Turnover is upto Rs. 2 crore. Notification No. 47/2019 - CT, dated 09.10.2019 has been issued to give effect the above decision.
So if your Aggregate Turnover is upto Rs. 2 crore, then it is optional from your part to file Annual Return for FY 2017-18 and FY 2018-19.
And if you want to file Annual Return, then the due date to file FORM GSTR-9 for FY 2017-18 is " 30.11.2019. "
CAclubindia
