Forums
Composition and registration
Indirect Taxation
answered on 27-Oct-23 16:09
While caluclation aggregate turnover exempt supplies include non taxable good also right ,then if we provide exempt supplies whrther can we treat as supplier of non taxable goods ,if yes not eligible for composition whoever suppliing exempt goods?
latest answer
In simple terms, if he is dealing with non taxable he cannot opt for composition scheme
OMKAR REDDY
CA Inter
★ 6K+
6
328
departmental
Accountancy
answered on 23-Oct-23 17:02
can someone help me calculate inter-departmental sale along with working notes for the same
latest answer
i could solve it on my own, later, thankyou
disha sharma
CA Inter
★ 1K+
2
349
Ind AS 41 Journal entry when government grant received
Financial Reporting
answered on 25-Oct-23 15:21
When government grant is received (unconditional grant) journal entry given below Bank Account Debit Credit Profit & Loss Account If government gran is conditional grant journal entry is Bank Account Debit Credit Deferred Revenue account (is this journal entry correct)
latest answer
Yes.
swaminathan sundaram
CA Final
★ 110
1
428
Ind AS 41 Illustration 41
Financial Reporting
answered on 25-Oct-23 15:24
I saw video lecture on Ind AS 41 Here illustration 4 fair value on 31st March 20X1 is given in the question as Rs 26500 cost to sell is Rs 1100 but in the solution given in video lecture cost to sell is taken as Rs 1000. Request your feedback please.
latest answer
1,100 is as on 31st March 20X2
swaminathan sundaram
CA Final
★ 110
1
356
Payment of Tax
Indirect Taxation
answered on 25-Oct-23 15:41
Can we adjust minor head of IGST against minor head of SGST/CGST and viceversa
latest answer
If cash ledger then it can be transferred by filing GST PMT 09
Ramya Telikicherla
CA Final
★ 6K+
2
369
Value of supply
Indirect Taxation
answered on 27-Oct-23 16:08
If cash back given by supplier is fulfilling the condition laid down in section 15(3) then does it is allowed as deduction from the value of supply
latest answer
Any discount can be reduced only if it satisfies condition given under Section 15(3).
Atharv Sankliya
CA Final
★ 3K+
4
410
Risk Analysis in capital budgeting
Financial Management
answered on 24-Oct-23 06:47
In may 22 exam , Ques 1 d .ii Why annual cash inflow factor is considered as the most sensitive??? Why not initial project cost.. because it has the highest change in percentage.
latest answer
Correct
kowselyaa G
CA Final
★ 2K+
2
391
TIME OF SUPPLY
Direct Taxation
answered on 25-Oct-23 15:28
TIME OF SUPPLY for goods under FCM
latest answer
Date of invoice. Actual date of invoice or the date when invoice is ought to have been issued whichever is earlier.
SAI AKASH GORU
CA Final
★ 750
2
345
Risk analysis in capital budgeting
Financial Management
answered on 24-Oct-23 06:49
In may 21 rtp,ques 6 NPV is calculated using PAT ( ie., without adding back the depreciation) … is it correct?? How ?
latest answer
They have to add rtp solution not correct
kowselyaa G
CA Final
★ 2K+
6
371
ITC
Indirect Taxation
answered on 25-Oct-23 15:42
Is transfer of ITC balance in e-cr ledger from one head to other head allowed?
latest answer
No.
Suresh Avinash
CA Final
★ 3K+
2
441