CA R SEETHARAMAN's Expert Profile

Queries Replied : 42596

I am a retired Executive Director/Finance of a Navratna PSU.

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MPR sanjay Kumar says : Accounting
What is mean by Contra entry ?? Purpose of this entry plse explain me

yogendra says : FDI as capital contribution in Indian LLP
Dear Sir, One of my client incorporated LLP having two partners with 50% share each. Now the foreigner remitted their share for capital contribution. but as per FDI norms a certificate must be produced from a CA/CS for valuation. My concern is, the LLP is newly incorporated having capital in total of Rs. 10000, are we have to produce the valuation report and if yes then what will be the methodology for the valuation. Looking for your prompt reply.

Amit says : Gst Challan
Dear Sir, Greeting For the day.. We have sen some material to our client on delivery challan, Material value is less than 50k. When we received purchase order from our customer, then manpower charges was also there , PO amount exceed 50k, My questions 1. How do we make invoice 2. Do we have generate eway bill for the purchase order, material already supplied to customer, Only Invoice is pending