Hi,

One of my clients provides services to foreign entities and the rates are agreed at foreign rate.

While passing accrual entry whether it should be in local currency or foreign currency and then convert it into local currency.

Also if i am recording the accrual entry at foreign currency then while reversing it there will be a exchange fluctuation (even though it will be very minimal), what should be the treatment and also is the fluctuation which is notional in nature allowed as per the Income tax act.

please share relevant documents or references if possible.

Please Guide me as to how should I treat this Works Contract bill given by Works Division in GST? Since GST is not specied on this bill, what amount will be GST that my client needs to pay. Also Advise me what will be the invoice number and invoice date.

Sir,
I am paying monthly amount as consultant to one of employee and deducting TDS, is this transaction attract GST under RCM ? Please answer..

One of my friend business is Given to Dress & Costumes on rented. whether he will registration under composition scheme?

&

Which rate of GST applicable & which HSN code in to be apply.

Dear Sir / Madam,

We availed a small size of Civil work in our factory and our civil contractor charged 18 % for whole Invoice value (material & Labor ). our doubt is that work fall under WCT or not if yest rate of WCT.
our location Tamil Nadu

i have replaced display glass bcoz previous was broken,
so i purchase new glass for RS 16500/- what kind of entry i have to pass repair & maintenance or furniture & fixure ?

Sir
One of my friend wanted to export fish to other countries.Part of them is fresh fish and some are processed state.Is GST registration is required for exempt goods?If registration is reuired whether he has to issue IGST invoice?

Hello Sir / Madam,

I'm an Accountant in a Pickle Company, in 2017 - 18 Sales Register Shows 94,33,863.30 But as Per P&L a/c it is 84,26,245.11 I Couldn't find the where the error has occurred, So I Need your Guidance regarding where should i Look after to find a Solution & I want to Find the reason for that Differences

I Have One More Doubt, Credit Note will come under which head, Because it affects the sales value in P&L but in Sales Register Such a value is not coming , so I Need your immediate Guidance

Many expenses are subject to RCM and many expenses are RCM exempted. It is learnt that if more than 5,000/- expense has been incurred in a single day, RCM is to be paid. Whether this limit of Rs. 5,000/- per day includes RCM exempted expenses ?

Hello dear experts Filed gstr1 but there is a Invoice wrong filed in gst no if amend it they ask new Invoice no and date next month and my question is this bill new create in the next month or still actual date or bill no which is created in the last month.