Dear sir,
Can you Plz help me how to Do accounting for Imports and Exports of Goods.
Eg. I had Imported 10,000/- Value stock and I paid all Taxes like Customs and IGST and Other.

I am Treating
Purchase Value (Paid to Debtor) - Treating as Purchas i.e.,10,000/-
Bank Charges - Treating as Indirect Expenses
Customs and other I am - Treating as Indirect Expenditure. One to the Amount extant IGST is treating as Asset since we get ITC in gst .

IS that Treatment is Correct.


And also Say Exports of goods Entry.

Dear Sir/Madam,

we are 6 members of family as directors in our pvt ltd company, out of these 6 directors, 4 of us have a property jointly registered for which we have taken a mortgage loan from bank.

I would like to know can we bring that money taken from mortgage loan and invest in the pvt limited company in which we are directors. If we can in what ways and sections of the law, what shall be the implications of the same in income tax and GST.

Request your suggestion on the same.

Thanks in advance.

Regards
MKG

Hi,

Please help me out on following queries,

1. We prepare YTD P&L which includes all MTD P&L. We convert the same in USD with respective months USD rate. Is it the right way of doing the same ? please advice...

2. We prepare Balance sheet also in INR as well as in USD, however the profit/loss does not match with USD balance sheet because we convert the balance sheet in USD with current month rate. Please suggest the correct approach.

Sir,

i am builder and GST register dealer i construct building under process 3 flats booking and received advance Rs.900000.00 please tell me i payment GST on Advance or when agreement of customer

Please solver my query

Deprecitation on building block is not considered while processing the returns. It may be because of inadvertently ticking of a box of deletion of building block. What is the remedy.

If a registered GTA service provider received an Advocate Bill, then what is the GST treatment. Both of Service is RCM basis. Who is the person to pay GST to Government? Who is the Person to take ITC. Pl explain

My friend registered CA course through CPT route and cleared group 1 of IPCC . Currently doing articleship and this is his 3 rd year of articleship . At the time of registration of articleship he was doing Bcom through distance mode. While filling up the registration form he put tick mark on the column " 17(a) .Whether the articled assistant has taken up any other course of study academic or professional as YES ," but didn't fill up form 112. He was not aware of the fact that it was mandatory to fill up Form 112 . Now only came to know about this . Kindly advice on this matter for further proceedings .

1. Return filled for November 2017. Only one sale for November return that was wrongly filed in unregistered section.
2. While checking the annual records, it was brought in the notice by the vendor that his input was not available.
3. Upon checking it was found that his invoice was booked in the unregistered section instead of the registered section.

Now, what can be done??
I know this much that I can now amend the invoice, but if I do so do I need to pay tax again and claim for a refund??? or some other way out is there???

Sir
We registered in GST. We make a bill to Party. Party deducted some amount and made us payment.
Suppose we made bill for Rs 100/- and charge 18% GST i.e. Bill amount is Rs 118/-. Party deducted Rs12/- ( Not performing) and made us payment.
We filed GSTR 1 for Rs 100/-. But our local CA advice us after received payment for Rs (100-12)=Rs 88/- will put GSTR 1 in next month through amend column.
Sir what is the rule of GST

DEAR SIR/MAM

NEED TO GENERATE E-WAY BILL TO OUR PARTY, OUR DIRECT PARTY IS ON VARANASI, BUT OUR PARTY REQUEST US TO GENERATE BILL TO THEM AND SHIP TO PARTY TO THEIR PUNE PARTY AND NEED TO SEND FROM COIMBATORE.

IN E-WAY BILL I GENERATE SHIP TO PARTY SELECTION NOT AVAILABLE, HOW TO GENERATE E-WAY BILL?

PLEASE GUIDE ME