My supplier issued me egst invoice in march 2023 but goods could not be delivered till now. Shall I make the entry of e gst invoice in my books of accounts in fy 2022-2023. Can goods be delivered in 2023-24 on the basis of march egst invoice. Pl advise in details?

Dear Sir/Madam,
Good Morning,

We have purchased the software license from a foreign company & the company has no presence in India. Date of purchased 31.01.2023.

In this case, RCM (GST) will be applicable or not? If applicable, also interest will be paid. Can we avail the Input for the same?

Thanks

Sir/Madam,
Our export documents were directly sent to overseas buyer as exported goods are perishable nature. Now buyer has defaulted payment. ECGC wants to regularize the export documents by RBI to settle claim.But RBI is not regularize the export Bill's. Kindly advice to get ECGC claim.

Respected Experts,

What is the Tax Treatment if a Car or Machinery Sold by a Company (Any kind firm, Proprietary, Ltd )

Can we need directly add it in to the P&L account as profit / or Loss from sale of Car or Machinery and assess Taxes at normal slab rate.

Or do we need to assess them under Capital Gains?

Kindly advise

Dear Experts, we are manufacturer and get do the job work from Misc. vendors. We send material through Delivery Challan + E way bill (Value Around 10 Lacs). But our job worker return the material through their Tax Invoice only (Value around 25 thousand), and he doesn't issue E way bill and says he does the job work only with this practice with many companies.

Is this practice is correct, or he has to dispatch material with Delivery challan + E way bill by showing value (Material Value + Job work Value)???

Kindly advise.

Dear Experts,

Some times, a company can not get the invoice with HSN/SAC code.

Is it duly responsibility of the supplier to mention the respective HSN/SAC code at the time of preparing the invoice.

or

Is there any consequential effect will be there to the goods/service receipent.

Pl clarify

Hi,
We send 1000kg raw material to our job worker in month of Feb-23, He returned me it partly material for 500kg in upto March-23, and rest material returned for 500kg in May,23.

Now we are unable to mention full return material as a send to jobworker in GST return ITC04 for a period of Apr-Mar,23.

Please give any your best suggestions.

Respected Experts.

one of my family friend is having 1 Agricultural land valuing 30 Lakhs and cultivating from it.

He asked to File his IT

can we prepare a P&L and Balance sheet for the Agricultural based Business

Or just can we show the Net Agriculture income in ITR without expenses

Additional Note:

He has Professional income as a Drama Artist - 30K per month

Kindly advise

Hi, how to close a CA firm having 2 partners when one of the partner died? What is the procedure for closing firm in the institute records in this situation

Respt Sir
During FY 21-22 firm purchased 1000 units of x item @ 80 Rs per unit ie total 80000 and sold 600 item @ 160 per unit during same FY, closing stock of 400units carried forward for next FY year ie 2022-23 valued at 40000
In FY 2022-23 firm sold 100 units @ 100 Rs per unit and balance 300 units valued at 30000 as closing stock
now in FY 22-23 firms inventory turn over ratio = 0.28 which is less than 1 so whether do discontinued such item to buy being turnover ration is less than 1
Inventory Turnover ratio = COGS/Ave Stock
please guide