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accounting for GST

Accountancy

answered on 22-Aug-25 19:23

Sir , for example I'm availing a service . I'm paying 1180@18% GST. So the service provider is collecting the tax of Rs. 180. He is liable to pay the Govt. 180 Rs. Can he avail input tax credit from the Govt. ? or input tax credit only applicable to goods if applicable to services then how? [Video Time Stamp: 02:36]

latest answer

Like we collect GST from you on course purchase.- say 1000 We pay GST to faculty when faculty sends us invoice - 400 Net we need to pay 600 to Govt

Pranav Anand

Pranav Anand

CA Inter

0

1

188

Writing off of Premium on Buy back

Accountancy

answered on 22-Aug-25 18:56

Sir, is there a sequence in which premium on buyback can be adjusted to General Reserve, SP or P/L. Or it is at the discretion of accountant if balance is available in all 3 reserves? [Video Time Stamp: 14:41]

latest answer

ok Sir

Rahul Anand

Rahul Anand

CA Inter

6K+

2

201

Interest Rate

AFM

answered on 22-Aug-25 19:19

Sir, I thought from the given interest table each given rate is for amount under limit. Incase of EURO Upto 100000 interest rate is 0.25% and from 1,00,000 to 5,00,000 interest rate is 1.5% and from 5,00,000 to 10,00,000 interest rate is 2%. So I calculated interest like that. Will they mention differently if this was the case? [Video Time Stamp: 05:19]

latest answer

In such case they will mention it specifically that even if deposit is for say 500,000, then for first 100K interst rate is x% and for balance 100-500 K int rate is y%

Banu Priya

Banu Priya

CA Final

6K+

1

142

prohibition sch1

Corporate & Other Laws

answered on 26-Aug-25 20:30

Here Remittance means inward or outward?

latest answer

👍

Mugesh Annadurai

Mugesh Annadurai

CA Inter

0

3

171

CFS

Accountancy

answered on 22-Aug-25 15:56

Sir, in this Question, everything regarding adjustments was given as analysis of selected accounts. If this is the case in the exam, do we have to prepare all of them ledgers or put values directly into the cfs? [Video Time Stamp: 07:19]

latest answer

Ok Sir.

Rahul Anand

Rahul Anand

CA Inter

6K+

2

179

Standard costing

Costing

answered on 25-Aug-25 14:32

Sir, can you show the answer to this question

latest answer

Okay.

Dova Shaji

Dova Shaji

CA Inter

520

2

144

Illustration 5 -part 2

Accountancy

answered on 22-Aug-25 12:55

when the statement : purchased goods from Amrit Rs. 10,000 . we should consider this as cash purchase or credit purchase? [Video Time Stamp: 03:20]

latest answer

If cash is not mentioned credut

Pranav Anand

Pranav Anand

CA Inter

0

1

158

Telegram Group

Others

answered on 22-Aug-25 10:15

I am unable to join telegram group, its showing link is expired

latest answer

The link is working for us Pls click link below to join . If facing issues, let us know https://t.me/+dWuMUYcDrnYwMmQ1

Anil Kumar.H

Anil Kumar.H

CA Inter

2K+

1

175

Query on Margin

AFM

answered on 22-Aug-25 10:16

Sir, small confusion as to whether we have to reduce the margin or add the margin in case of export and import by the customer or in case of Buy/Sell by the banker, when two rates for buy and sell margin rates are given. Kindly advice!

latest answer

It is not abt export import buy about buy and sell When bank is selling to you they will add margin when bank is buying from you they will deduct margin and pay you

Ranjith Belide

Ranjith Belide

CA Final

6K+

1

154

I wanted to know Differences

CFA

answered on 21-Aug-25 21:17

Pledge, security collateral,Financial Security.Could you please Explain These things with Example sir. [Video Time Stamp: 00:16]

latest answer

Oh ok thankyou sir

dhupam jayanth

dhupam jayanth

CFA L1

10

2

130