Dear Sir ,
I have taken ITC on Closing stock as on the date of GST implementation in TRAN-1 return. Now my question is how to pass journal entry for the same ??
Note that I have passed an entry given below . Please advise whether this entry is correct or need to be rectified :-

Input Cgst ------ Dr
To Inventory

(Note that earlier I have capitalised the Excise Duty in the inventory since our product was exempt in excise law but now it is subject to 18 % rate of GST)


Pls advise

What is the difference between capital reserve and capital redemption reserve ?
What are its uses ?

Please aware me, how will i treat loss on debtors of year 2012 in Current Year and effect on Current Profits?

May i know for the computation of deferred tax liability or asset of a Company which rate should be considered for FY 2017-18 . Whether future rate of tax or the current year rate... kindly help me out its urgent... kindly mention the tax rate

Dear Expert,
In Case Of Hotel,Restaurant Business there is Gas[Cylinde] GST Bill Received from Gas Agencies,May I claim that Gst.Please Confirm...Thank You.

Hello Dear ExpertA Register Dealer purchasing taxable item for there house construction by there Proprietor name then can we take ITC ?

One of my client engaged in Export of Goods and import of goods.During the year ended company has purchases a goods from America and it was in transit. so company has recorded it as "Material in Transit" on 31/03/2017 at on prevailing exchange rate of Rs.50/$.
the entry has been made as followed by the company

Material in Transit A/c Dr. Material Value*50
To Party Material Value*50


On 15.04.2017 the company has received goods. and on that date foreign exchange rate prevailing Rs. 55.
The Company again recorded the goods as follows:

Purchases A/c dr. Material Value*55
To Party Material Value*55

and after receiving of Goods the company has reverse the Entry which was posted on year 31.03.2017
The reversal entry was as followed:

Party Ac/ Dr. Material Value* 50
To MIT Material Value*50

Whether this treatment is correct or wrong?

Respected sir / Madam,
I am R.Naresh (CA-Inter), recently appointed as an accountant in a pvt ltd company. I am Quite experienced in maintenance of books of accounts( Tally ERP) which i learned in my Articles. Now My request is How to Maintain systematic accounts in manufacturing industry in GST regime . please tell me in details. The information which you will provide will enhance to boost up my career.

Thank You

sir
i want to know sir
i am manufacturer and purchase raw material from some body then will i able to deduct tds at payment time from him if yes then which section of tds is coverd.

Dear Sir,

please guide in ESIC calculation
As per ESIC rule ESIC Applicable Upto Rs 21,000/-.
For e.g.
If Mr. A earn the salary of Rs. 18500/- monthly then he is liable to pay ESIC and contributed in April and May but June onward His salary is Revised of Rs. 25,000/- monthly then he is eligible to contribute the ESIC upto September?

As per my Knowledge, i think eligible to cotnribute upto September.
please reply if i am wrong

we are waiting your reply.

Regards
Rajnish