Hello,Please can you tell me if I have received advance US dollar for export sales then what should be the tax treatment in tally for gst and what is the treatment of export sales invoice with tax in tally.In connection of this if GST authority issue refund then what is the entry in tally.Please explain this forex gain/loss details also.

can any one telling me

medical insurance paid by my company 5 lakh for employee

what is the jv

its a exps or what

Sundry debtors cash deposit in our bank account against invoices & a/c so I can do received entry

I am student doing b.com and an accountant i have experience in accounting having total 45 firms , I have opend office but i not having certificate of gst practitioner because in gst above graduates can apply for gst pct form but i have to wait for 1 year so please tell me where to get certificate in onter way thank you

Is INDAS applicable to section 8 companies

Appendix B5.4.2 of IND AS 109 Financial Instruements says :

Fees that are integral part of the effective interest rate of a financial instrument include:

a. Origination fees received by the entity relating to the creation or acquisition of a financial asset. Such fees may include compensation for activities such as evaluating the borrower’s financial condition, evaluating and recording guarantees, collateral and other security arrangements, negotiating the terms of the instrument, preparing and processing documents and closing the transaction. These fees are an integral part of generating an involvement with the resulting financial instrument.



b. Commitment fees received by the entity to originate a loan when the loan commitment is not measured in accordance with paragraph 4.2.1(a) and it is probable that the entity will enter into a specific lending arrangement. These fees are regarded as compensation for an ongoing involvement with the acquisition of a financial instrument. If the commitment expires without the entity making the loan, the fee is recognized as revenue on expiry.



c. Origination fees paid on issuing financial liabilities measured at amortized cost. These fees are an integral part of generating an involvement with a financial liability. An entity distinguishes fees and costs that are an integral part of the effective interest rate for the financial liability from origination fees and transaction costs relating to the right to provide services, such as investment management services.

Query:

'Upfront fees' and 'Structuring and advisory fees' on borrowing of term-loan from bank has been treated as transaction cost by my client. I want to know under which of the above three points does the cost fall into because:

Note: The company has treated the financial liability to be measured at amortized cost as per IND AS 109.

a above talks Origantion fees received

b above talks about commitment fees received

c Origantaion fees paid on issuing financial liabilities



Any help will be helpful and much appreciated.

Dear sir,

How to account associate company in the preparation of consolidated financial statements?
what is equity method of accounting?

dear sir what is provisional balance sheet for which purpuse it willl use

Suppose, When an item like Ups batteries or any asset purchased by a company where the seller delivers such items to the place of buyer. Seller raised invoice mentioning the selling cost of items purchased and transportation charges. In such a case, what is the accounting treatment in the books of buyer regarding transportation charges whether it can be added to cost of item purchased or it has to be debited to freight charges - others account? Whether Tds need to be deducted on such transportation charges under 194C?

Sir, I would like to know, what are the criterias is required to fullfill for bank loans, which is verified by bankers, apart from required documents, like any ratios and calculation etc., please advice me