I have applied for composition scheme..and my status is also under composition scheme but i want to convert it into regular dealer..What i should do.? Cancellation window is started or yet to start..? I have even submited gstr3b for july month..All the parameters come 0 but challan is generated and i have submited paid challan with cgst and sgst

Dear sir,
i am facing some difficulties in tallying balnce sheet upto finalization of the co where i work. and also getting difference in opening balances in balance sheet. and as i already checked each entry has been recorded but still opening bal diff is showing of rs 5.63lakh
plz give me ur advice and all usefull tips through which i can able to solve my issue easily.

HiIs it compulsory to register gst if i lease out my comercial property to a company if my turnover is 6 lakh..they demand gst invoice of rent. Pls reply me with detail

SirI rent out a comercial property to a company and its jointly owned by me ,my mother and father.rent is 50000pm and after tds its45000.i receiving chq every month one chq amt45000 on my name only.so how to register GST ? With all three owner or single owner will do which is me there son..pls advice me..Thnx a lot

if my gross amt 565680 commission given 11200 cash disc given Rs 10500 Taxable Amt Rs. 543980 then what will be the journal entry. how much debited to customer A/c

Gst and audit dates clashes any chance to extend date of tax audit

Hello Respected Members,

I want one clarification on the below mention situation

I have one private limited company having Turnover less than Rs. 50 Cr. and borrowings also less than Rs. 10 Cr. i.e it is treated as Small & Medium sized company.

So, according to Small & Medium Sized company (SMC) as defined in clause 2(f) of the companies (Accounting Standards) Rules, 2006 there is relaxation for applicability of AS - 3 & AS - 17.

However, as per provision of section 129 of the companies Act, 2013 Financial Statements shall comply with Accounting Standards notified u/s - 133

So, my question is whether AS-3 will be applicable or not?? and who shall prevail over which i.e where there is conflict between Accounting Standard and provision of companies act, whom to give preference.

Please provide the solution in above matter

Bank gives quarterely interest on FDRs. Suppose i invested Rs.100000 in FDR on 01.04.17 and on 30.06.17 Bank gives interest Rs.1000 and TDS deducted Rs.100 then this interest to be recorded in books as on 30.06.17 or on 31.03.17(alongwith other quarters interest)

Hello

Let say if you using below clause for remuneration, is it still required to specify a figure for salary to working partners?

"The remuneration payable to the working partners above shall be credited to their respective accounts on ascertainment of book profits. The total remuneration/bonus shall not extend as per the limits laid down under clause 5 of section 40 (b) of the I.T. Act 1961 , and the above calculation of the remuneration is also subject to variation, if any changes made under clause 5 of section 40 (b) of the Income Tax Act , 1961."

Hi,

We have two firms one is proprietorship and another one is Pvt. Ltd. company. One of our client has made payment for the invoice of a proprietorship firm into the PVT. Ltd. company bank account. So can we now directly transfer the payment to our another firm or will have to refund and ask the client to make payment again. ?

If we can transfer directly, what will be the entry in the books of pvt. ltd. for this transaction?