Sale Proceeds received in the form of Asset - Accounting and GST payment process
This query is : Resolved
01 June 2023
Hi
We are purchasing a product from manufacturer and selling it to builder
We are not receiving payment from builder in bank account, after 6 months builder agreed to register a flat on our name instead of giving money
Now how should we show this in books and how should we file GST returns
Since we are a company should we register it on company name
Waiting for expert opinions
We are purchasing a product from manufacturer and selling it to builder
We are not receiving payment from builder in bank account, after 6 months builder agreed to register a flat on our name instead of giving money
Now how should we show this in books and how should we file GST returns
Since we are a company should we register it on company name
Waiting for expert opinions
02 June 2023
Raise tax invoice with GST for the supplies made to the builder.
Pass entry in books debiting builder.
Make GST payment and filing GST return.
If company don't want the flat directly regiser the flat in some one who wants to buy it and take money from him.
Pass entry in books debiting builder.
Make GST payment and filing GST return.
If company don't want the flat directly regiser the flat in some one who wants to buy it and take money from him.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Experts need help
- Rental income gst and it purpose
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- FTS Taxable under 115A
- Management System (IMS)
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
