Surinder

This Query has 3 replies

29 October 2019 at 11:08

ITC on motor Cycle

Dear Sir,

Can we claim ITC on motor Cycle. we have purchase motor cycle for business Purpose.



PRAANAV

This Query has 1 replies

25 October 2019 at 12:38

Financial Reporting

Can Dimunition in value of investments be shown as a extra ordinary item in P/L for a company engaging in the manufacturing business?



vaibhav sharma

This Query has 1 replies

24 October 2019 at 15:33

CARTAGE & PACKAGING CHARGES IN INVOICE

Hi,
We are trading importer company in Delhi. We sale goods to Chandigarh party. we hired a truck for dispatch goods to Chandigarh of Rs.9000/- Now we make a tax invoice of goods and want to charge cartage outward & Packaging charges by party in same Invoice. So how we charge it in invoice ? What is the GST rate we should charge on cartage & packaging? HSN/SAC Code of cartage & Packaging charges?



HARISH BHATIA

This Query has 4 replies

24 October 2019 at 09:53

GST

Dear Sir / madam,

there is a partnership firm having four partners , nature of business is land developers,

they constructed a apartments having 25 flats, they sell 21 flats and now 4 flats is not saled , now they can transfer 4 flats each one individually and want to close the firm,
please confirm GST applicable , if they individually transfer the each flat to each of them ...
please confirm GST applicable for sale transaction or not



Shreya Saxena

This Query has 1 replies

The auditor has dated its report as 30/09/2019 and the AGM date is also 30/09/2019.

What can be done now ?



Rohan

This Query has 3 replies

22 October 2019 at 15:24

100% trade discount

We have recived 100% trade discount on some items purchased . How should i record these item would be recorded as per value shown in bill or zero because on total billing amount, we have recieved 100% trade discount.
As per my knowledge trade discount is not shown in books.



ANITHA S

This Query has 3 replies

22 October 2019 at 14:31

ENTRY FOR PURCHASE OF BUILDING BY LOAN

WE PURCHASED A CONTRUCTED BUILDING OF 3FLOORS IN THE NAME OF COMPANY FOR RS.70,00,000/-. WE TOOK LOAN OF RS.52,50,000/- FROM OUR BANKER KOTAK BANK AND BALANCE PAID FROM OUR ACCOUNT TO THREE SELLERS OF RS.26,25,000/-, RS.26,50,000/- AND RS.17,50,000/-. WE INCURRED THE EXPENSES OF STAMP DUTY OF RS.3,57,000/-, RS.70,000/- AND RS.35,000/-. ALONGWITH THIS WE HAVE PAID RS.36108 TOWARDS INSURANCE.

LOAN AMOUT: 52,50,000/- AT A INTEREST RATE OF 9.6% REPAYMENT PERIOD 120MONTHS

COULD YOU PLEASE SHOW THE ENTRY FOR THE SAME.



thotasrinivas

This Query has 2 replies

22 October 2019 at 14:14

Voucher split & advance

we have given Rs. 3,00,000/- for labour charges in a single voucher how can we split it ? we have taken single voucher. can i take as advance and split it below 10k????



Vignesh

This Query has 1 replies

Hi all,
Need a clarification from experts,
ABC company had received goods on 31st march (says 20% to 30% of the total ordered goods ), but bill is not received till the year end. Here we know who is the vendor only but value or quantity of goods received is not clear as on 31 st march . how to account for the same in the books ( whether we had paid advance or not) for the year and whether we should consider the goods for year end stock audit (if so under what head to consider the said goods).
pls clarify



ritu

This Query has 1 replies

15 October 2019 at 17:52

Heads

computer accessories purchase then this item come which head in account
and purchaser come which head..and how to pass entry





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