1 is the GSTR-9 is optional, if aggregate turnover upto 2 crore for F.Y. 2019-20?
2) whats is the threshold limit for GSTR-9C mandatory for for F.Y. 2019-20?

For four months after becoming director of pvt ltd, i paid the house rent from my account though later on company paid the rent from it's current account and claiming it as company's expese. Can the rent paid by me claimed from company and then company claim it as company's expense.

Dear Sir,

Yesterday, we have received the email from Income Tax Compliance for Registration for Form 61B on reporting portal.

As per Section 285BA of the Income Tax Act read with rule 114G & 114H of Income Tax Rules 1962, prescribed reporting financial institutions are required to furnish Statement of Reportable Accounts in Form No. 61B. The statement of Reportable Account shall be furnished on or before the 31st May, immediately following the calendar year in which the transaction is registered or recorded.

Statement of Reportable Accounts in Form No. 61B for the reporting period from 1st January to 31st December, 2019 were required to be furnished by the due date of 31st May, 2020, has been extended to 31st March 2021.

Our company is NBFC and we work in mutual funds and equity shares.
In our other companies, we also deal in mutual funds and equity shares,
so does this act apply to them as well?

My queries is, to whom is this Form 61B applicable?

Please advise your valuable response in above issue.

Thanks & regards
N Kadam

Dear Sir,
Greetings!
I have one question. Suppose we issue a invoice of Rs. 1,00,000/-, GST @18% - Rs. 18,000/- & TCS on Gross amount of Rs. 88.50. Net value of Invoice - Rs. 1,18,088.50
Now, please let us know, which amount should we mention in GSTR 1 (whether 1,18,000 or 1,18,088.50) ?
and please also let us know, which is most reliable to charge TCS on sale invoice or issue debit note ?
Regards / Vijay

Booking.com is not a Indian registered compnay and now they are issuing the 0.75% witholding tax invocie to hoteliers and can the hotiler claim the same.

During F Y 18-19 Sale Invoices were issued to parties where GST was payable on reverse charge. These invoices were not shown in monthly GSTR Returns. They are shown in GSTR 9 Annual return. Whether this treatment is Okay ?
We have got confirmation from the party that they have paid GST on those invoices under reverse charge

I bought mattress from current account of my Pvt ltd's . But my CA is telling you can't buy such things from company's account. He is saying i have to declare that amount as salary. But can i declare that money as reimbursement my house rent since i am director.

I got the message from the ICAI '' The form has sent back to user by the regional office in order to complete the non-compliance with remarks. Kindly execute the 102 deed on non judicial stamp paper or franking with correct execution date (deed should be executed with in 30 days from the date of commencement) and upload through ssp portal '' My doubt is what is franking and what date i have to mention Plz help me to resolve the issue because iam fear about my CA final attempt may delay because of non submission

I am tax consultant of GST. Now, I raise invoice to my customer, Than they have to pay RCM against my invoice ? I have not gst registration, because my annual income apporx 8 lacs.

MGNREGA WORK SERVICE IS EXEMPTED OR NOT