Estimated and projected



Dear Sir/Madam, actually I avail myself of a CC loan from SBI which limit is 10 lacks. Now my problem is my CA is reluctant to prepare my Estimated and Projected balance sheet along with my ITR return which are essential to renew my loan. He told me that before doing this I must file my GST return which I want to file after renewal my as per bank advice. He indeed generate me a composite GST number but never intimate me to file my quarterly return for which I have to pay heavy charges. I have no idea about it and I wanna know will I be able to prepare my income tax estimated and Projected balance sheet for the renewal of my CC loan? Please help.

 
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"Do the Right Thing...!!!"

Can't understand Your query...!
Can You explain what you want exactly...?!

What is exact problem for preparing BS and PandL...?
 
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Yes, you can prepare your estimated/projected b/s.

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it can be prepared but not required

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on basis of past achievement of sales in 2018 and 2019, estimated and projected fo 2019 and 2020 respectively ... required to submit the bank for renewal of limit... other Gst issue you have to comply regarding filing of return

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Better change your consultant. Why he is not preparing Financial statements when you pay for it?


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"Do the Right Thing...!!!"

Very Good suggestion Antrika...

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Thank you Sir.


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