Forums
Financial statements of companies
Accountancy
answered on 31-Jul-23 10:54
Can anyone please explain why it is not a violation to schedule III
latest answer
Changes are to be disclosed. Also change is not material.
HariPriya C
CA Final
★ 3K+
1
739
New syllabus books
Others
answered on 30-Jul-23 12:52
When will new syllabus book be available for purchase ?
latest answer
October / November
Mohana Pandian R
CA Final
★ 4K+
1
588
Registration threshold
Indirect Taxation
answered on 30-Jul-23 18:27
Greetings, kindly explain what will be the threshold limit for registration in following cases, 1) store exclusively engaged in selling of goods but offers door delivery services only by collecting delivery charges. 2) store selling all kinds of groceries and eatable items where a fraction of turnover comes from pan masala/ice cream. Thanks.
latest answer
RELEVANT LAW - AS PER THE PROVISIONS OF GST LAW Threshold limit of turnover for registration in case of TAMIL NADU IS Rs. 40 Lakhs in CASE OF SUPPLY OF GOODS Rs.20LAKHS IN CASE OF SUPPLY OF SERVICES Rs.20 Lakhs in CASE OF SUPPLY OF GOODS AND SERVICES BUT IN CASE OF SEVEN ITEMS - ICE CREAM AND OTHER EDIBLE ICE (WHETHER OR NOT CONTAINING COCOA) ,PAN MASALA , TOBACCO AND OTHER MANUFACTURED TOBACCO SUBSTITUTES ,FLY ASH BRICKS , FLY ASH AGGREGATES OR FLY ASH BLOCKS , BRICKS OF FOSSIL MEALS OR SIMILAR SILICEOUS EARTHS;BUILDING BRICKS;EARTHEN OR ROOFING TILES . THE LIMIT OF 20 LAKHS SHALL BE APPLICABLE INSTEAD OF 40 LAKHS . CURRENT CASE - (i)IN THIS CASE STORE IS EXCLUSIVELY ENGAGED IN SUPPLYING GOODS BUT IS ALSO PROVIDING DOOR TO DOOR DELIVERY SERVICES ONLY BY CHARGING CONSIDERATION IT WILL BE CONSIDERED AS A CASE OF MIXED SUPPLY OF GOODS AND SERVICES BECAUSE HE IS CHARGING CONSIDERATION FOR PERFORMING DELIEVERY. AND SUPPLY OF GOODS AND SERVICES INCLUDES ALL FORMS OF SUPPLY OF GOODS OR SERVICES OR BOTH SUCH AS SALE , TRANSFER,BARTER ,EXCHANGE,LICENSE,RENTAL, e.t.c. MADE OR AGREED TO BE MADE IN COURSE OR FURTHERHANCE OF BUSINESS . THEREFORE SINCE IT IS A CASE OF MIXED SUPPLY OF GOODS AND SERVICES , APPLICABLE THRESHOLD LIMIT FOR REGISTRATION SHALL BE RUPEES 20 LAKHS (ii)IN SECOND CASE SINCE PAN MASALA AND ICE CREAM FORMS PART OF HIS TURNOVER THRESHOLD LIMIT FOR REGISTRATION IN THIS CASE WILL BE RS.20LAKHS AS PAN MASALA AND ICE CREAM ARE PART OF SPECIFIED ITEMS WHERE. LIMIT OF 20 LAKHS IS APPLICABLE INSTEAD OF RS.40 LAKHS.
Aswin Chandar
CA Final
★ 40K+
3
1K+
Doubt
Information Systems
answered on 30-Jul-23 22:13
I want to start EIS In what order (chapter wise ) it is easy to learn ?
latest answer
Then you can buy 3rd chapter
Sneha Kasturi
CA Inter
★ 4K+
6
715
Time of supply
Indirect Taxation
answered on 10-Aug-23 17:53
Here, (as marked in image)..the date of removal of goods should come...right as it's the case of 12(2) FCM when there is movement of goods
latest answer
Okay... thanks 👍🏻
Rifhat Khan
CA Inter
★ 28K+
3
626
CA Study Group
Others
answered on 31-Jul-23 21:30
I have written my CA foundation exams and waiting for my results. I am planning to form a study group for further preparations as it will be helpful and easier as more people with goal can work hard together, support and encourage each other. Please let me know if anyone interested to join.
latest answer
Could u send the WhatsApp link
Diya Kandoi
CA Inter
★ 0
4
845
circulation of members resolution
Corporate & Other Laws
answered on 30-Jul-23 15:13
c) when will 6week n 2week provision apply n when will it won't apply as per proviso given below d) if this ws not a requisition n AGM is held with normal 21days notice then members don't hv to pay for notice circulation then why sh hrs hv to pay Co exp if requisition send before 21days ie 6weeks, then those matters are anyway included in the 21days before notice thts circulated 3,4) if Co didn't circulate notice then cost incurred mean which cost wrt pt 3,4
latest answer
Point c Shareholders can suggest Resolution to be passed in upcoming AGM.they need to made Requisition. 1.If Such Requisition required notice of resolution ( such resolution need to be mentioned in notice) then it should be given 6weeks before the meeting. 2.In case such Requisition (is like statement to company) it should be given 2 weeks before the meeting. 3.After Requisition given ,If AGM is called with 6 weeks.then Such Requisition given shall be deemed to have been given properly #AGM should be held within 6 months from closing of FY# AGM meeting last date -30th September . For example, If Requisition given at Aug 15(before 6weeks) or given in Sep 15(before 2 weeks) but AGM held at 20th sep then the above given Requisition will be considered as they have been given before 6 weeks or 2 weeks.
Sushmita Chowdhury
CA Inter
★ 2K+
1
576
Residential Status
Direct Taxation
answered on 29-Jul-23 21:24
Is this provision right? Just confused kindly clarify
latest answer
Thanks 👍😇
Soon to be CA
CA Inter
★ 4K+
6
540
Money multiplier
Economics
answered on 30-Jul-23 00:13
Can money multiplier be zero?
latest answer
In this case money supply is taken as money supply to the general public by commercial banks( that is 0), so the formula Money supplied/monitory base , irrespective of denominator the answer will be 0.
VIGNESH KUMAR
CA Final
★ 18K+
4
894
Sequence
Direct Taxation
answered on 01-Aug-23 11:55
Can i complete as per these below mention sequences or do you add some of the classes in between these sequence
latest answer
You can go ahead in this sequence. You will get complete clarity 👍👍
Santhosh S
CA Inter
★ 355
2
500