Hello All,

We are Importers and sell locally, having 4 branches. Imported stock like machines and others come to Mumbai Port and we send them to branches by stock transfer.

Whereas all our spare parts are imported at our Noida office via AIR.
We bill spares to the customers from our local branches, however our dispatch is from Noida as we do not know which parts will be required to stock locally as we are having more than 10000 spare parts.

Can use the 'bill to and ship from ' way of billing . if so then while billing the Accounting system wont be having the stock of the spares required.

Please guide

I already cleared Final II group. i want to appear for forthcoming Nov 2024 exam for remaining Group I of final . I want to know what is the cu off date for finishing of set A Self paced exam and within what date I have to pass set A exam to enable me to attend Nov 2024 exam.

When I have tried to file correction statement it was rejected due to Line No 2 - Invalid Previous RRR Number.

if food allowances other than fees reciept given to an domestic ipl player is appicable to gst implication,and if it is applicable then what should be hsn code and tax rate for that treatment

We as an Pvt Ltd Company.
Initially our Insurance Broker have paid to Insurance Company Premium.
Then after Insurance broker is claiming from us and we pay to Insurance Company.
In this case we are not paying directly to Insurance Company. We are received invoice from insurance company.

Please Suggest Correct Account Entry 1 or 2 below
as per Income Tax and Company Law:
________________________________
1.

(A) Insurance Exp Dr
To Insurance Company A/c Cr

(B) Insurance Broker A/c DR
To Bank A/c Cr

(C) Insurance Company A/c Dr
To Insurance Broker A/c Cr
__________________________
2.

(A) Insurance Exp Dr
To Insurance Company A/c Cr

(B) Insurance Company A/c Dr (No Matter payment is process to Insurance Broker)
To Bank A/c Cr

We are registered GTA. We had raised an invoice for the transportation charges provided during march 24 in april 24 (to customer to whom we provide continuous service through out the month). And accordingly we have filed our GST Return. But our customer has booked the provision for the services taken and has filed tds return. Because of this, there is a mismatch with our books of records and 26AS. If we take in to account of the provision and pay income tax, then there would be mismatch with our turnover as per GST return. What can be done in such scenario?

We are registered GTA and we had raised our invoices for the transportation charges related to March-24 in the month of Apr -24 and accordingly GST returns were done. But one of our customer has taken provision of 26 lacs and has filed his TDS return. Now our auditor is telling that we need to pay income tax on that 26 lacs. But then there will be difference in turnover with ITR and GST returns. What is the solution for this. If we pay income tax on 26 lacs then the turnover mismatch will continue for next financial year also as that customer will again book provision in his books and file tds return accordingly. Please advice what we can do for this mismatch

Hello All,

We are the importers and sole distributors in india, and planning to hire C & F services but billing will be done from our end . How does C & F work

Do we have to add the address of C & F agent for on the GST portal .

Hello Everyone,

An Indian company is providing IT related services to its foreign holding company. For normal services company raises invoice on cost+ basis ( lets say 10%). SAC - 998313

During the year Many employess went to germany for training and development purpose. Invoice raised for total cost incurred+10%

What should be the SAC for this invoice ? will it be same 998313 or different ??

Dear Expert,
Any possibility to take E Way Bill generation report from Portal - Monthly or Yearly report
because Eway portal allows only 5 days report generation only

Any other way to download yearly report.

Kindly let me know.