If I am getting the advance recd from my client whose name is ABC and located at Europe
Advance Remmitance on 08/12/2022 dollar 80965@82.255 =6659776/-
Bank has crediting me 6656278.40 means 80965@82.211

and I have bill raised to my client whose name is abc located at Europe against advance received
Bill raised on 13/03/2024 80965@82 means 7459130/-

What is the complete Accounting entry including provision entry, currency fluaction and any other entry if you have suggest me if F.Y. 2022-23 & 2023-24

if someone paid rent of Rs 6000 per month for shop and he is registered under composite scheme. is he expemted to pay GST on rent. as rent amount is below Rs 10000 per month. what are other exmeptions for rent on gst.
pls guide.

Dear Expert,
My company name is ABC india Pvt Ltd located at India sold export goods to XYZ located at europe detail is given below here
Sales booked on 04/03/2024- DOLLAR 5000 @ 83.30
But remmitance recived from the ABC company in the installment basis
FIRST installment recd on 28/03/2024 dollar 2000 @84.50
Bank has credited the amount to me 166000 means @ 83
SECOND installment recdon 25/04/2024 dollar 3000 @ 82.30
Bank has credited the amount to me 254100 means @ 84.70

What is the complete Accounting entry (including provision entry and currency fluaction and any other entry if you suggest me ) of the above given example if financial F.Y. 2023-24 & F.Y. 2024-25.

in previous year 2023, operators work related to factory setup amounting to 600000 has been disallowed and is mentioned to combine and capatilise the amount with factory setup in 2024. now in books of account how to make the entry?

Dear Sirs : One of my clients who is manufacturing goods has claimed input GST credit on (a) health insurance of permanent employees (b) Diwali gifts to clients (c) festival / diwali expenses. Please advise that do these expenses fall in category of blocked credit u/s 17(5). Is there any justification for claiming input tax credit ? Kind regards

Dear Ca Club Expert,
I want to know about the some accounting entry with gst and income tax for my given query in below mention here:
Please give me the some solution because I am some little about confusing

My company name is ABC india Pvt Ltd located at India sold export goods to XYZ located at europe detail is given below here
Sales booked on 04/03/2024- DOLLAR 5000 @ 83.30

Remmitance received to Bank on 28/03/2024 dollar 5000 @ 84.50

Bank has credited the amount to me 412750 means @ 82.55

How to treat this loss from 84.50 and 82.55 either exchange loss or bank

Please pass the complete accounting entry and any other entry if you su ggest me for above example

A Doctor providing HealthCare Services having Annual Turnover more than Rs. 40 Lakhs pays Rent Rs. 4 Lakhs for using Commercial Place as OPD to unregistered Landlord

The Doctor is unregistered under GST as he is providing Healthcare Services.

Whether GST under RCM is applicable to the Doctor

We paid a salary of Rs. 1,41,000 in cash this year to one of our employees. He is not on our payroll and bank transfer list. Now he is leaving the company. Mgt decided to pay Rs 2,50,000 as end-of-service/retirement benefits to him as he worked hard and sincerely during his tenure. So the total payment this year is Rs. 3,91,000. Is TDS applicable in this case?

Can we take a new regime of taxation limit to decide the TDS deduction limit or to take old regime limit ? Can we reduce the Standard deduction and other savings u/s 80C to decide the limit for the TDS deduction?
 
Please advise.

SIR
MR A FILED FOR THE ASST-YEAR 2024-25 WITH REFUND RS. 35200/- AS ON 25.08.2024 (FOR UNAUDIT CASE) TILL DATE NOT RECEIVED FOR THIS REFUND. THIS EFFECT OF REFUND RULES FOR DT 1.10.2024

THANKS

my turnover is Rs 21075130 no need to maintain books of accounts since my receipts is not exceeding 5% of cash critiria. my taxable total income after paying interest on capital and remuneration is Rs 1466540 tax will be 30% on this and cess will be 4%
But when i input data in form 5 it is calculating surcharge how to avoid the same since surcharge is applicable if my taxable income exceeds 1cr. could not understand what is the problem kindly advise. can i declare profit under presumptive taxation to avoid this surcharge