Credit profit and loss account in case of bonus share received by firm or LLP
entry is
purchase of shares .01
To Profit and loss account .01
is correct entry.

How to determine cost of acquisition of shares on merger or de-merger.
Please reply.

WHICH ACCOUNTS ARE CREDITED WHILE DEBITING INVENTORY(finished goods and work in progress)ACCOUNTS.

Furthermore in the credited accounts the expenses towards inventory will get reduced the why is the need to show change in inventory of finished goods and work in progress in P&L

Query resolved and deleted?

Hello everyone,

can a partnership firm registered under partnership act become partner in a LLP ?

Case:
1. An advocate has professional receipts and he has an income of around Rs. 15,00,000/-
2. He has another business i.e., like a farm they buy animals and feed them, and once they reach the exact weight as per the requirement they sell them. He has a turnover of around Rs. 40,00,000/- and as a result he has obtained GST registration.

He'll declare the business receipts in GST,

Doubt:
Is he required to declare the professional receipts in GST? all the receipts are from unregistered persons and hence RCM is not applicable.

I had taken ITC of last year 2022-23 in 2023-24, the information of which was shown in GSTR-9 of 2022-23. Now this year my input is 0, so how will I have to file GSTR-9? Please explain it, it will be a great favor.

Query resolved and deleted?

One event management company purchased goods for use in exhibition business, can company take ITC on purchased goods?

SIR
MY SUPPLIER UPLOADED WRONG INVOICE NUMBER WHICH HE HAS GIVEN TO ME
I CLAIMED ITC WITH PHYSICAL DOCUMENT.NOW IN AUDIT INVOICE NUMBER IS MISMATCHING
INVOICE AMOUNT AMOUNT AND TAX ARE MATCHED
THEY ARE NOT ALLOWING US TO CLAIM ITC
PLESE ADVISE ME HOW TO OVER COME
EXAMPLE.I RECEIVED PHYSICAL INVOICE AS ABC/20-21/5
SELLER UPLOADED AS ABC/19-20/5
THE ABOVE INVOICE RELATED TO 2020-21