1) Accounting treatment for loan received and repayment with interest. 2) Due Dates of various GST forms and reconciliation of Input 3) TDS sections

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Answering questions related to accounting treatment for loan, GST forms due dates and TDS sections.

Loan received is recorded as liability and repayment with interest is recorded as expense
GST forms due dates vary depending on the type of form and the turnover of the business
Input reconciliation involves matching the input tax credit claimed with the actual tax paid
TDS sections specify the rate at which tax is to be deducted and the type of payment to which it applies