Hey,
We did two shipments to Azerbaijan but the goods were sent to Iran and from Iran sent to Azerbaijan via road. The payment has come from Azerbaijan only but we are unable to knock these shipping bills off due to the iran issue. How can we go about it? We bank with Axis bank.

Dear Sir

We have Send Dr. Note to Supplier for Goods Shorts from Supplier reduce the ITC in books but Supplier has yet not Reflect in his GSTR-1 Now ITC as per books and ITC available as GSTR portal are Difference so please suggest what to do in case.

Is 194C applicable on payments to Media houses / Broadcasters like print, television radio etc on the media buying because many media houses like Zee, Star are getting their TDS deducted at source while some media houses like TV 18 denied mentioning agency would not n deduct any TDS at source to the payment for media buying... IN Income Tax its not very much clear so it require your expert views with specific justification in this regard.

Dear Sir,

During Filing ITR-4 What mention name of the business. Name of the proprietor or name of the trade for example MR.A is the proprietor of Trade Name ABC Co.
Please suggest

As of now, should I wait for the New Scheme or else I get myself registered under the Old Direct Entry Scheme?

Dear Sir

Proprietor invest some amount in Crpto ( Purchase of Bit coin ) TDS deducted under 194S please suggest entry in books of account and treatment of TDS

Sir,
Sec 194jb transaction date 31-12-22 date of booking 13-02-23 amount credited rs:12,46,696/- tds deducted rs:124670/-
Question:
Assessess accounting entry record date transaction date or date of booking is correct procedure

Does AIF require to register undef GST?
As cat 1 AIFs are pass through and being final consumer of services, is it fine to not to registered under GST.
Request you to pls share supporting clause or notification to your answer
Thanks in advance!!

When Customer pays advance for procurement of Raw materials, the amount hits the company account and Purchase order is released by COmpany to vendor and the material is consumed equally in all months over period of 10 months. Whether the material to be accounted with value when received inside company. When the sale is done the material value is to be added to Sales and 10% of material advance to be adjusted in bill amount ? In this case is it essential to account the material with value upon receipt of same from vendor ?

For 2nd option, if Customer buys the materials and consigns the materials from vendor location, what should be accounting and billing practice.

In both options if the material to be valued in inventory and price adjustment to be done while invoicing ?

For 1st Option. can the customer advance ledger, Cash account and revenue account alone can be made use of without adjusting the inventory account ?
Which method is normal and correct ?

my dealer died in 2018. he received audit notice before 30 days of his death. the assessing officer passed audit order in dec-2021. is the order is sustainable. is any case laws or G.Os to over come this problem