Daya

what Adjustment entry should passed on 31st March while finalisastion books of accounts of individual and HUF,.


Kollipara Sundaraiah

Sir,
Registered composition scheme dealer stock difference found rs:4 lacs visiting by gst officer in dealer principal place
Question:
Dealer stock difference value rs:4 lacs tax applicable on composite rate (1 precentage) or normal rate (5 precentage) for gst act


Daya

Credit profit and loss account in case of bonus share received by firm or LLP
entry is
purchase of shares .01
To Profit and loss account .01
is correct entry.


Daya

How to determine cost of acquisition of shares on merger or de-merger.
Please reply.


Rahul Jain
24 November 2024 at 11:06

Inventory of finished goods

WHICH ACCOUNTS ARE CREDITED WHILE DEBITING INVENTORY(finished goods and work in progress)ACCOUNTS.

Furthermore in the credited accounts the expenses towards inventory will get reduced the why is the need to show change in inventory of finished goods and work in progress in P&L


Chahat Khanna
23 November 2024 at 16:11

TDS deduction (debit notes)

Query resolved and deleted?


FinTax (CA ABHISHEK SINGH)

Hello everyone,

can a partnership firm registered under partnership act become partner in a LLP ?


Chandrashekarir

Case:
1. An advocate has professional receipts and he has an income of around Rs. 15,00,000/-
2. He has another business i.e., like a farm they buy animals and feed them, and once they reach the exact weight as per the requirement they sell them. He has a turnover of around Rs. 40,00,000/- and as a result he has obtained GST registration.

He'll declare the business receipts in GST,

Doubt:
Is he required to declare the professional receipts in GST? all the receipts are from unregistered persons and hence RCM is not applicable.


shivam

I had taken ITC of last year 2022-23 in 2023-24, the information of which was shown in GSTR-9 of 2022-23. Now this year my input is 0, so how will I have to file GSTR-9? Please explain it, it will be a great favor.


Chahat Khanna

Query resolved and deleted?





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