Jewelry purchased in proprietorship firm for not business purpose ,
it should be kept under accounting group Fixed assets or Drawing account .

Sir , I am trying to file Tran-1 for a GST No. But, it was showing VAT No. Invalid Sir . the Vat no. is existing and login is also possible. is there any other way ot file TRAN-1 sir.

In other case, Add details tab are not appearing in Tran-1 sir. pls help me in this matter sir ASAP

whether GST input can be claimed on jewelry purchased by proprietorship firm and GST No. is in the name of the firm.

Income tax refund received with interest in my bank account.
How to bifurcate refund of tax and interest amount,
what documents require to check Tax refund and interest amount to book in our books of accounts

Electric Expenses incurred by proprietor for home consumption,
whether electric expenses booked in proprietor books of accounts as drawings.

My client is receiving some amount from foreign companies directly into his Indian bank account for the services provided to its Indian Branch / Foreign branch. Is there any FEMA applicability on him

I am going to write bcomF&CA exams on dec 22 and anyone please tell me the procedure to obtain my degree certificate after exam results.thanks in advance

Can we file mgt7 first and aoc 4 later? Kindly resolve


Thanks in Advance

Hi Expert,

Since FY 2018, April our ITC is accumulated in SGST head after utilization as per order, we got SCN to reverse excess ITC claimed along with interest & we paid excess claimed ITC through DRC-03 but now officer is asking to pay interest on same reversal from month of June 2018 because we haven't credit balance in IGST & CGST. Officer is suggesting that you have pay interest on IGST & CGST because you haven't balance in respective head. We are in argue to them we have accumulated balance in SGST head due to order of utilization/sequence of utilisation. Then why we have to pay interest ?? We are paying IGST from CGST & SGST each month.

Is there any way to avoid interest payment in above case. expecting reply as per GST Law.

Can NRE be member of NIDHI?Whether he can buy share by transferring fund through NRE Account?