LC is open for the 5 Years and Bank Charges on the LC is 11,00000
Weather it should be deffered in P&L and Showing prepaid expenses OR
it will be expensed out.

What about UPAS LC? Should it be required to book the UPAS payment in the book as well? UPAS payment is not in our control. Confirming Bank discounts the bill with some other banks and disburse the payment to beneficiary. LC liability lies with confirming bank until it matures. And upon maturity if i do not book the liability to to my book, will that be a problem which may trigger restatements of the previous accounts?

Hi ,Could you please provide clarity on acceptance of virtual address as address for the purpose of registration of a company by MCA /any other statutory body?

Thanks in advance.

Why we need to give the cancelled invoice detail in gstr1 documents issued table

How to make entry with TDS on advance payment at the time of Payment in single mode in Tally Prime
suppose i have paid Rs. as a advance 25K
Then i Have to make single mode of payment
Payment to party Rs. 22,500/-
TDS 2,500/-

My turnover excluding GST is 19 cr (22cr including GST). Is it compulsory for me to enroll in E-Invoicing?

Building Owner giving a building on rent to the tenant (Hospital) and Collecting Rent Rs. 48,00,000/- yearly as per rent agreement signed by both parties.
Building Owner is unregistered in GST and Demand raised against Building Owner but who will be liable to pay that amount. The landlord demanded from Tenant but Tenant said Landlord didn’t issue an invoice to him and Hospital paid rent as per the rental agreement.
Who will be liable to Pay GST Demand?

While issuing a GST invoice what tax we will charge if invoice is billed to a registered person but shipped to a unregistered person. states are different for both persons.

My client is engaged in a repairs and renovation to domestic units. His work invoice labour work with material. What is the impact of Service Tax on the services provided by him? He is issuing his bill to customers including material please guide.

We have an unregistered Association of Persons(AOP) having PAN in the name of the Association.
In our Agreement of Association of Persons, there is no mention of holding Annual General Meeting . Can it be held now without the amendments of the Agreement?[lease suggest.