Hi,
We are exporting goods to USA. We have cost of material quoted to buyer and also final shipping charges. Say material cost is $1000 and shipping cost is 300$. total value will be $1300
in this case, can we have two line items on invoices and shipping bill mentioning material cost and shipping cost seperately? the intentino is that the buyer pays custom duty as per his country on the cost of material and not on shipping value too.

farmer sold his agricultural produce through kacha artia in May,2019 J form amounting to 5.00 Lakhs
and then in Oct.2019 J Form amounting to Rs.7.25 Lakhs. My Query in view of section 269ST are:-

1.Can he take all payment in cash of his sale of agricultural produce (both J Forms)

2.If not Can be take 1.95 Lakhs against each J-Form in Cash and balance by account payee cheque

In the current month there was credit note worth (-)10,000 and IGST of (-) 1,800 and there is no other IGST (B2B or B2C) amount. Another B2B Sale is of 20,000 CGST 1800 SGST 1800
Thus the Total GSTR-1 Figure is IGST -1,800, CGST 1,800, SGST 1,800.

But while filing the GSTR-3B there is no way to feed negative figure in any of the field so there has been a payment of 3,600 (As in GSTR-1 CGST 1800 SGST 1800) the Credit note figure of IGST -1,800 is not adjusted.

How can we rectify the excess payment of Tax.

Dear Sir
I am an employee and my employer is giving conveyance reimbursement to me max up to Rs.5000.
Can I get the deduction for this on giving petrol bills to my Employer?

A person who involved in share transactions. He had in his account Trade, Derivative & Delivery transactions. I want to know whether section 44AD is applicable to Trade & Derivative transactions. What is the turnover is to be taken. Whether 6% income under 44AD is applicable for for both cases.

Can we utilize the capital gains arising from sale of 2 plots (Land) for demolition of existing old house and construction of new house. No new house or land purchased in this case
Note:
One Plot to be sold is in the name of husband and another plot is in joint holding (husband and wife)
House property to be Demolished and constructed is in the name of husband

Please clarify

HOW TO PASS THE JOURNAL IN TALLY FOR Section 143(1)(a): Communication of Proposed Adjustment

Hi sir,

My friend recently started the petrol business, he bought some assets for the business, can we claim input gst on those assets, the assets are meant to business only. Please advice me on this, I have little confusion regarding this. Thanks in Advance.

We have fixed new hand pump at our factory premises. How should we account the same? It should go under which head.

A private limited company having turnover above one crore and subjected to tax audit . Udin generated for tax audit. Should we generate another udin for audit under Companies Act. Can the experts kindly explain please....