ABC Company Sold Packing Covers to XYZ Shop worth Rupees 2,50,000/- in a single Invoice.
XYZ Shop is not RESALE this Packing covers

Transaction of ABC Company is a SALES

Transaction of XYZ Shop is an EXPENSE

In Books of Accounts of ABC Company can enter Cash Receipt 2,50,000/- in a Single day & Single entry or Multiple Entry in Multiple Date.(Please note Cash Receipt Per day Limitation)

In Books of Accounts of XYZ Shop can enter Cash Payment 2,50,000/- in a Single day & Single entry or Multiple Entry in Multiple Date(Please note Cash Payment Per day Limitation)

PLEASE ANSWER THE SAME SITUATION FOR SALE VALUE 1,90,000/-

Receipt of Every Life Insurance Policy is shown Policy Amount + GST Amount.

Can Claim GST of Proprietor's Personal Life Insurance Policy?

can i charge gst in Silver ???

sir what's the difference between shareholders and members under Companies Act

Hi,

I have a query regarding web services export payment from Bangladesh.

A firm registered in Bangladesh uses web services from me as it is my first experience with them, I have generated a invoice to them suppose of USD 500, now that firm informed me that a TDS of 20% will be deducted from the USD 500 and balance will paid to me.

I want to know two things here, does this TDS 20% thing exist, if yes, then is it possible to claim it here in my filing.

Thanks in Advance for your help!

Regards,
Sukhmeet Singh

Sir

I am under composition scheme and have to file GSTR4 for Q2.
I have downloaded the auto populated purchases from Registered dealers from the portal in the sheet 4- A&B.
This sheet includes purchases made by me in the previous quarter ( Apr to Jun ) also.
Now, shall I use the DELETE option in the ACTION column to exclude these purchases, since they are not
relevant to this quarter ?

Secondly, If I do this, will it mean that, I am disowning the purhcase totally. ?

Third, what will be the impact to my supplier if do this.

Or, shall I leave it as it is, so that the portal will automaticlally filter them when I create the JSON file to upload.

Please advice.

R/Sir
Kindly request to resolve my query regarding sale of goods to proprietor itself :-
1.) If from business some goods is sold to proprietor of business then what would be it accounting treatment and as per sale of goods act there would be two parties or not because there is no proprietorship act but we have to consider entity concept of business here or not.

The source of income is as follows:

Share of profit from partnership firm
Nett profit from proprietary concern.
Other Income

I had filed ITR-3 but the ITR was treated as defective return u/s 139.

Whether the consolidated balance sheet of the assessee is also required.

Please guide me and oblige.

R/sir
Kindly request to resolve my problem in proprietorship accounting as soon as possible:-
1.) If salary or any remuneration is paid to proprietor is it allowed as business expenses or not
and
2.) If for proprietorship business, proprietor uses their own property and for this if Rent paid by business to proprietor is it allowed as business expenses or not.
(If we consider above both transactions by considering "Entity concept" of accounting)

Dear All,

Does anybody have an idea about filing of Form CAA-8 Pursuant to section 232(7) and rule 21. As per the provisions, every company in relation to which the order is made shall, until the completion of the scheme, file a statement in such form and within such time as may be prescribed with the Registrar every year duly certified by a chartered accountant or a cost accountant or a company secretary in practice indicating whether the scheme is being complied with in accordance with the orders of the Tribunal or not.

But no clarity is given in the act on how to file this form as this form is a format and not an E-form.