party has raised following our purchase invoice ( EXAMPLE)
BELOW WHICH IS THE CORRECT ENTRY
MATERIAL COST 1000
FREIGHT 300
INVOICE AMT. 1300

1) PURCHASE A/C DR.1300
TO PARTY A/C CR 1300

2) PURCHASE A/C DR. 1000
FREIGHT A/C 300
TO PARTY A/C CR 1300

WHICH IS CORRECT & AUTHENTIC METHOD

Dear Sir ,
How to account for Plastic Dustbin ?? Whether to treat it as fixed asset or to account for as an expenditure??

Dear expert,
I am from Delhi and i have GSTIN of Delhi. I am about to get a contract work to be done in SEZ which is in Haryana. I want to ask you that my GSTIN of Delhi is enough to get the contract work done or would I need to take another GSTIN of Haryana for doing the contract work? One more thing please tell me that would it be considered a nil rated supply and services if i get a LUT from GST portal before starting contract work?
Please kindly reply me of my query..
Thanks in advance.

I had a puchase a non cocking coal from high court in auction tender and highcourt has given the order indicating that this coal is . Then i want to sale a this coal so how i made a invoices Can i collect a taxes and cess also or not Now i create a invoices as for total amount not mentioned any taxesIn court order has mentioned I.e abc corporation at the rate of basic 100 rs per MT (metric ton)As is where is basis So can i collect a GST AND CESS or not ?

suppose i (partnership firm - registered in GST, TAN, coming under statutory audit) am a labour service (for packaging or any other services) provider to a pvt ltd company. company has a canteen; facility is extended to my workers. for this facility company is raising an monthly tax invoice on me for the food consumed by my employees at declared rate. while paying against the tax invoice of canteen facility to the company; am i required to deduct TDS? at what rate (2%?)?

Read more at: https://www.caclubindia.com/forum/tds-of-canteen-service-497936.asp

Dear Experts, i am about to get a new sub contract from a contractor of SEZ. The Contractor is asking for LUT number from us to get contract so that services and supply could be tax fee when we raise invoices. Here i want to know that i am having proprietorship firm can i be sub contractor with the contractor of SEZ? Can i apply for LUT or Bond? Also tell me the process by which i could follow it and could get LUT or Bond.

Thanking you in advance

If 1 PAN number have 2 companies and collecting TCS on sales, how to file tcs return with 1 TAN. Or they required to take 2 TAN ????

Dear Sir For a private Ltd company tax audit should be done or not whose turnover is 4lacs PLZ LET ME KNOW. With Regard SANDEEP VERMA

Dear Sir,
please suggest Can I opt 44AD For Partnership Business.

Suppose:(FY 2017-18)
Sales/ TO : Rs.75,00,000/-
Net Profit (After Deducted Remuneration and Interest To Partner) is 8.10% on TO=75,00,000*8.10%=6,07,500/-
Profit to Mr. (50%) - Rs.3,03,750/
Profit to Mr.B( 50%) - Rs.3,03,750/

Can reply can i opt 44AD ??

THANKING YOU
BIKASH RAI

Hi,
I have purchased Plant & machinery in Apr.18.(27.04.18) but bill is received in Jun.18.As bill is received in Jun.18 it is capitalized in books in Jun. input GST credit is taken in June & also tax is deducted in Jun and paid in July on installation charges.

Now to avoid capitalization & depreciation implication, can i make such entry in Fixed asset register in Apr.18 instead of Jun ? without changing in books of accounts to calculate and charge depreciation correctly in books?