Sir/Madam

I have one query regarding accounting entry of Sales Bill and Purchase Book.

Company maintain books of account in multiple currency i.e INR,USD,Euro etc. Company charged IGST tax on Sales to Foreign Customer and this IGST not to be paid by Customer because company has to pay IGST Tax.

Company pass Journal entry for removing/adjust Forex gain or loss by debiting in INR currency and crediting Foreign Currency!!!

My question is that can it is correct accounting entry debiting in INR and Crediting in Foreign currency??

After passing above entry Forex gain or loss adjusted in Customer Account.

thanks

I run a Firm (Piling Works) and had purchased a Car in my Individual name. Other partner is my Wife only.

Can the GST be claimed. I had billed only in our Firm Name.

we are selling company vehicle by adding 18 % GST , WHILE FILING GSTR 1 WHERE IT WILL REFLECT.

Anyone please provide me p&l, p&l apr ac, b/s format for partnership firm

Sir, I am trying to switch from regular to composition scheme, but the portal shows "This facility to Opt-in for composition Levy for FY 2023-24 is disabled for now " What does it mean and sir, what should I do ?

Due to non supply of PAN card to PO, 20% TDS was deducted in last 2 years. The person is a tax payer and has valid PAN card. Is there any way now that he can recover the TDS ?

Due some reasons my form 102/103 was delayed for more than 365 days and more.
I had already submitted all the documents they were asked.
Please guide me to resolve this as earlier
Because my attempt is nov_23

RCM tax was paid in excess and ITC claimed. Whether this ITC is eligible or not?

Company is paying Professional service on financial matters provided by the individual who is not registered under gst. Whether RCM has to be paid by the company, whether RCM under gst is applicable to professional services... Plz help me in this

Sir,

TDS statement has been processed with default for short deduction due to one inoperative deductee PAN.

Demand amount along with interest deposited.

What to do next? Please advice.