I am having business of chips and kurkure, i purchased goods worth 100000 plus 12000 gst. Later on 20% chips packets became damaged (packets depuffed and rat cutting ) etc . My supplier has a policy to send the goods to wasteline co. And nominal value of goods received from that company and leftover reimbursement is done by supplier . 20000 is my damages and 1000 i have received from wasteline and 19000 from supplier . I am paying gst on 1000 also its my sale . How will i account for 19000 in my books and also guide me gst is applicable on this or not ?
TDS on Calibration Charges 194C or 194J
Hello, Could anyone please help me on the below query
We received a bill amounting to Rs. 32000/- against Calibration Charges. The Calibration Charges were against Welding machine & Grinder machine.
Under which section & rate, TDS should be deducted 194 C or 194 J.
Expenses allowed on cash payment basis
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Diffrence between FD'R and Sweep In
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Differences among
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Reversal of expenses in normal case or statutory case
When expenses payable to be reversed
In the case of statutory payment
In the case of normal case ( Trade payable or Expenses Payable)
Why should check expenses payable
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I have a registered supplier(our creditor) whose outstanding balance is 500000/- but we are unable to pay them full so we are settling their account on 350000/-..how to show this in tally and what would be gst credit impact...
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Damage claim received from supplier