Hello,

Please share Format of Financial statements for Non Corporate entities issued by ICAI.

Thanks

We have a dairy company and Milk directly purchase from various farmers.
194Q applicable on this transaction if limit exceeds Rs 50 Lacs in a year.

Firm with Turnover Of Rs. 91 Lakhs with Net loss of Rs. 4 lakh it is compulsory to go for audit as firm showing profit less than 6%or 8% as the case may be

A society running school owns a tata magic for carrying the student to school.
WDV as on 31-03-2022 Rs 223607, sold on 21-11-2022 for Rs 200000
How to show this transaction in the books of account

A coaching institute is already registered under msme act. Now it wants registration under companies act 2013. I wish to confirm whether msme registration will serve the purpose of registration under companies act 2013 Or it needs separate registration. Pls guide

Dear All,

Please guide us on this issue.

One of our new clients has exported goods without LUT Certificate/ Export Oriented Unit Bond since FY - 2021-22. He has filed GST returns in export invoices with taking "Without of payment of tax". He has an electronic credit ledger balance of around Rs.16 lacs.

Please let us know what are the consequences of this and guide us on how to rectify it.

Many Thanks,
Virag Shah.

A coaching center wishes to know whether he can opt for composition scheme. And what would be the gst rate of composition scheme for such coaching Institute.

I wish to clarify some doubt regarding E Invoice .i.e. Since some body written in various articles like 7 days time limit to generate E invoice is available. But practically GST officers expects e- Invoice should be generated mandatorily at the time of Goods Movement along with E way Bill .
Actually which one is correct ? What will do in case website will not work ?
Then what is the use of 7 days time Limit?

Respected Experts,

Where will from get the Income Tax Paid Challans/ Details related to A.Y 2008- 2009 and before?????

Kindly Guide me

If property sold which was purchased to save LTCG through capital gain saving account within a years. Now profit on sale of the same property would be STCG ?