An institution has one & only normal bank account. On 31st MARCH the bank allowed an overdrawn amount to overcome some essentials. So now bank balance is negative position.
What will be the treatment in R/P, I/E and BALANCE SHEET. Please clarify.

Do Mr X Required registration under GST in following case:
1.Mr X is selling goods through Websites like Instagram and Facebook with turnover of less than 20L within State.
Case 2-Continuing the above case due to E commerce goods are delivering to various states do he need to get registration with turnover below 20L and if yes then Do he required registration in all state where goods are delivering even the turnover is below 20L

I have a query about detailed procedure of reconstitution of the partnership firm after the death of a partner

Please help me, I am manufacturer of snacks, will I able to take input tax credit on edible oil and other items in which Gst is applicable. Or As per sec 17(5)(b) block credit on food & beverages is applicable.

What is the ITR form for filing for NRI?

Sir,

Whether GST RCM on Security Service Charges applicable for a SEZ Unit?

Regards
Nirmal

Neha would retire 30 years from today and she would need ₹ 6,00,000 per year after her retirement, with the first retirement funds withdrawn one year from the day she retires. Assume a return of 7% per annum on her retirement funds and if her planning is for 25 years after retirement, Calculate:

a. How much lumpsum she should deposit in her account today so that she has enough funds for retirement?
b. How much she should deposit each year so that she has enough funds for retirement?

Dear Experts
Entity is operating into logistic services and thereby RCM provisions are applicable. It is not taking ITC benefit and also Common credit is taken into proportionate basis in case of any related sale of taxable service.
Now Company wants to add a business activity and enter into Trading of Gloves and Masks. It is being a completely diverse business from existing one, is it allowed to collect GST from customer for trading business and can take benifit of ITC on purchase of gloves and mask ? can we establish one to one co-relation of input output services here ? it shall not be consider as common credit for company. please give your openion

We as importer received insurance claim from China Insurance Co , as the vessel got sunk and since we did not make any payment to supplier initially. This we are holding in trust and would part with . But Practising CA refuses to sign Form CB citing that insurance code in Form A2 could be used by Insurance co only. Then how to send back money to China based supplier as we on their behalf lodged insurance claim and received the amount. Bank is asking for 15 CA-CB. Kindly guide.

Hi,

Does PAS 3 need to be filed in the following cases, even in these cases ultimately allotment of shares is made?
1. Allotment of shares to subscribers to the memorandum post incorporation of a company.
2. Transfer of shares through a transfer deed in SH4 in case of a private company. (This doubt arises because in case of a private co., post board approval a new share certificate will be issued to transferee so technically that will also constitute an allotment of shares).

Would be a great help.

Thank You.