NAMASKAR, I AM AN ACCOUNTANT FOR AN TAX AUDIT BUSINESS INDIVIDUAL BUSINESS.. THE COMPANY IS UNDER TRADING OF EDIBLE OILS AND GHEE ETC. THEY RECENTLY RECD AN E INVOICE WITH A DISCOUNT OF RS.103050/- IN THE INVOICE ITSELF.
WHETHER WE HAVE DEDUCT TDS ON ON THIS AMOUNT EARNED I.E. RS. 103,050/- WE WILL BE THANKFUL .

What would be the accounting treatment of expenses incurred towards Land mutation charges, registry charges and land conversion fees under the two scenario:

1. If Land registry, mutation and conversion fees are reimbursable by the Govt under a scheme?
2. No such scheme is there?

Thanks in Advance

Regards

Dear Respected Members,

Can we consider the purchase of Mobile and power bank as a fixed asset? if not under which head in tally? especially power bank?

Sir If The Invoice Was Rs. 110 and the party given discount of Rs. 10. But in BOE item value shown as on Rs. 110

1.Then Whether I should record as 110* Conversion rate
2. Or Should record 100* conversion rate and Rs. 10 as discount recived

supplier charged interest for delayed payment as below
Supplier sent a DEBITNOTE
DEBITNOTE DETAILS
interest payable 4368.23
cgst on interest @14% 611.55
sgst on interest @14% 611.55
cess 218.41

total payable by the dealer to supplier is 5809.74
please tell how to account for and creation of which type of voucher in tally software

1) When a 'Sales and Purchase' Transactions taking place and "Cr.Notes & a Debit Notes" are involved on both the aspects:- Where does this 'Both get's Impacted as Well as Appears' in our "Books of Accounts" like whether:- 'in Trial Balance (or) P & L A/c (or) Balance Sheet.........'?? What is the 'Entry' in the books of accounts ??

2) Secondly:- What will be the 'Effect and the Treatment in GST' Scenario ?? What should actually been done ??

Can "Anyone Please explain, respond on this Query as Early as Possible."

Be Safe and Take Care of You and Your Family.

Thanks and Regards

Dear Sir/Madam,
I created a data file and made entries for FY 2020-21 (E:\2020-21\data\10000) and also created another file and make entries for FY 2021-22 (E:\2021-22\data\10000) Both are the same company. How can i merge 2020-21 entries into FY 2021-22. Please guide me.
Thanking You
D.Ravichandran

sir
supplier charged interest for delayed payment of amount as below

interest payable 4368.23
cgst @14% 611.55
sgst@14% 611.55
cess 218.41

total payable by the dealer to supplier is 5809.74
please tell how to account for and creation of voucher


Thanks & Regards
srinivas a
accountant

9490024024

While preparing profit and loss account , whether the sales is including GST or excluding GST? What is the accounting treatment ?
In the same way when GST is deposited by firm into govt account ,whether it is an expense?

Dear All,
I started a small size restaurant. Registered with GST regular stream. How can i enter the raw materials like flour, oil, vegetables, fruits etc into Tally? I entered the sale bills in tally. Please guide me to solve this query.
Thanks & Regards
D.Ravichandran
Coimbatore