What are the conditions for availing tran credit (Tran-2), if the delare have not the possession of tax invoices
1.Material which are used for manufacturing the products are Raw Material.
2.Finished goods which are incomplete i.e., partial work done and further work is required to convert the same into FG are WIP.
3.Goods which are ready to remove from factory are Finished Goods.
these are parts of inventories, but how to know how many are WIP and Finished Goods
GST Credit note what is time limit to issue to reverse sales GST Output.
what are list of capital work in progress.please mention.
what is tangible assets under development.
whether depreciation on capital work in progress can not be claimed without transferred to fixed assets.
Like capital work in progress building
capital work in progress plant and machinery.
Dear Members,
The Company (Located in Poland) supply the goods of Cosmetics to their clients (Outside India) in Foreign Currency and due to fluctuation in Currency exchange rates, the difference amount during the sale of goods is refunded to My Client. So, my queries is given under -
1. Can the difference amount to be taken in foreign currency.
2. Whether the GST will be liable if in case the amount is received in Indian Currency and what is the GST rate to be charged to the Company by my client.
please advise
whether GST Input on capital work in progress can be claimed for
Capital work in progress for Building
Capital work in progress for Plant and Machinery .
Sir,
I have filed ITR-4 from Previous 3 Years. every year books of account maintain No GST Number But FY 2022-23 we have GST Number and some income from Capital Gain. So Can i go for ITR-3 with the help of Books of accounts.
(2) If we opted out from 44AD in future can we file ITR-4
Please suggest sir
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
IGST Output from CGST Input and IGST Input