Hi
Our client office is in SEZ unit. We provide them employee transportation services. We raise monthly invoice "without payment of igst"
They had availed our services for their teams outing, for which we raised invoice "without payment". Now, they are asking us to charge igst as the services availed was not in sez unit. Should we raise invoice with igst charge?

below Response received from client:

“In attached Invoices vendor has not charged GST and mentioned the SEZ notification line of Authorised operation. However the service taken is for Team outing which will not fall under Authorised Operation as not for Business purpose. Hence vendor has to charge the IGST on attached invoices and we need to pay the full amount ie basic + GST to vendor. Thus request you to please get the revised invoice and also make necessary changes to Team budget request.”

Request to please change the invoice accordingly and re share it ASAP.

Balance sheet under which section is made for companies and firms.

Hi Sir/ Mam,

Please let me know if we should show the loan sanctioned & recovered by employer in the payslip to the employee on monthly basis

Dear Sir,

We supplied to SEZ DAHEJ UNIT BUT MATERIAL REJECT & RETURN WITH REPLACEMENT DOCUMENTS
NOW WE DECIDE TO DO NOT SUPPLY THE ABOVE REJECT MATERIAL.
WHAT KIND OF ENTY PASSED IN OUR BOOK OF ACCOUNT.
IF THERE IS ANY GST LIABILTY

KINDLY ADVICE.
VORA;

While calculating provident fund should professional tax deducted? If person draws salary monthly Rs. 15000 or less?

Firm With I am working is Partnership Firm, have small scale manufacturing unit. Now Partner have decided to bring new machinery for the product they manufacture, for which they have decided to apply bank loan, and discussion with bank shows bank will provide 80-85% bank loan and balance partner have to bring money.
So As per me Accounting entry would be as Under:
Machinery Purchase A/c. - Debit
Bank loan account- Credit(For amount of Bank Loan)
Partner's capital Account credit (For Amount of Partner's contribution)
Is above entry is correct?
What is your suggestion?

Dear Sir

In ( balance Sheet - PNL )Non Corporate entities where we show Labour & Fright and Forwarding Charges ( Direct exp.)

Please advise

I Made a FDR on dated 01-03-2023 and Maturity date is 3-07-2023 , Fixed deposit amounts is Rs. 50 Lakhs Now my question is that whether should interest earned in FY 2022-23 and TDS should be Booked while maintaining books of accounts For FY 2022-23.

I Paid Rs. 10 Lakh as an advance to a company that is not listed company and thereafter company allotted shares .
How to pass Journal entry while making payment and latter allotted of shares .
In the books of individuals.

A commercial invoice was prepared in Zoho Books FOR USD 35000 without a CIF amount.

Later the invoice was revised manually and edited by adding the CIF SAY 45000 (35000 + 10000) and accordingly it was submitted and Shipping Bill was generated.

Subsequently, it was noticed during a test check that the value has not been revised in Zoho Books with the CIF amount.

Since it was noticed almost after 6 months in the same financial year. How do we account for that in Zoho books.