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Posted On : 05 January 2026
Clearing forwarding reimbursement party account
Import clearing & forwarding agent raise his two bills, 1) Purely reimbursement expenses bills
2) Only his Agency charges.
On first No. There are various bills of reimbursement.
We accounted following.
Dr. clearing & forwarding expenses, Dr. Gst input & credit to clearing forwarding agent.
In reimbursement bills there are numbers of parties.
It is not possible to make each entry separately and again nullify the same party account. Because we make payment to C& F agent not reimbursement party.
While taking gst input we maintain reimbursement party data in excel, for taking reference to verify gst input according to gstr 2b
My question,- According to gst rules / Act is it mandatory to incorporate in books of accounts each party details for input . Is there any contravention.
If yes under which section / rule
Posted On : 05 January 2026
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Investment for maturing bank deposits for a retired 66 year old person
But if Limit for SCSS is exhausted and RBI bonds also already done!
Posted On : 05 January 2026
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Design work
Ok, Thanks, धन्यवाद
Posted On : 05 January 2026
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Investment for maturing bank deposits for a retired 66 year old person
For a retired person aged 66, the best investment options in India that balance risk, safety, and returns are government-backed schemes and senior citizen bank fixed deposits (FDs). The Senior Citizen Savings Scheme (SCSS) is likely the best choice for a high, guaranteed, and regular income stream. The SCSS currently offers the highest stable interest rate among the government schemes listed at 8.2% per annum, which is higher than most bank FDs. Partly can be invested in RBI Bonds.
Posted On : 05 January 2026
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Need help on Minimising Tax on Capital Gains
Whether you have construction agreement justifying the total payment?
Posted On : 05 January 2026
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ITC Claim on pay rcm in rent
You cannot claim ITC on the GST paid under RCM if the commercial building is used exclusively for the supply of exempt goods.Under Section 17(2) of the CGST Act, 2017, when goods or services are used partly for taxable supplies and partly for exempt supplies, the credit is restricted to the portion attributable to the taxable supplies.
Posted On : 05 January 2026
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GTA services and manufacturing activity under Single GST Registration
Yes, both activities can be covered under a single GST registration, provided they are located in the same state. Under GST law, registration is state-wise and linked to a single PAN; therefore, a single legal entity can operate multiple business lines, such as manufacturing and services (GTA), under one GSTIN.While not mandatory, you may opt for separate registrations for the GTA and manufacturing activities in the same state as separate business verticals. This is permissible if the businesses have distinct risks and rewards, or if you prefer to maintain entirely separate books of accounts and brand identities.
Posted On : 05 January 2026
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GST on Old Vehicle
You are welcome.
Posted On : 05 January 2026
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Death gratuity, leave encashment, GPF etc
if paid to the employee or credited to his account then select 'deceased person ITR.'- Death gratuity, leave encashment, GPF etc
- Change details filed in original return
- Delay in Processing of return
- ERROR WHILE FILING UPDATED RETURN IN OLD TAX REGIME
- GST on Old Vehicle
- Diff between "total amount paid" and "amount on which TDS to be deducted" in 26QB.
- FACELESS APPEALS
- Credit Note validity
- International Mutual fund redemption
- Where to show ITC re-claim amount in GSTR 9
- Clearing forwarding reimbursement party account
- Investment for maturing bank deposits for a retired 66 year old person
- Cant amend a 26QB
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- TDS under section 195.
- Filing GST Returns after death of proprietor
- Registered Required in GST Act
- Switch over to Composition Scheme
- Gstr 9 and itc
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