Hi to Everyone,
This is regarding to India GST,my question is • GS defines the country where the goods are coming from can be determined. This will address our concern IF our “main vendor” is global in nature and its subsidiaries/partners are located in different countries. My question here is can GS address scenario where subsidiaries/partners are located in the same country but different state (which may be prevalent in India)?,
Please explain on the above case.If yes .How is it possbile.

Thanks

Hi to Everyone,
This is regarding to India GST,my question is • GS defines the country where the goods are coming from can be determined. This will address our concern IF our “main vendor” is global in nature and its subsidiaries/partners are located in different countries. My question here is can GS address scenario where subsidiaries/partners are located in the same country but different state (which may be prevalent in India)?,
Please explain on the above case.If yes .How is it possbile.

Thanks

@disqus_BvcZBgmpds:disqus There are revenue recognition standards prescribed by Institute of Chartered Accountants of India which needs to be considered while booking income. We need to know details such as what is nature of entity (Priperitorship, Partnership fimr, Pvt. Ltd), what was the revenue recognition method followed last year, do you maintain your books on cash basis or accrual basis, what is the exact nature of receipt? etc.

Please revert with more details on support@profitbooks.net so that I can help you with same.

i need help. i want to know that whether any income pertaining to month April, 2016 be booked into the balance sheet as on 31-03-2016? what are the rules regarding booking an income after the closing date of 31 March, 2016?