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Composition scheme - other services

Indirect Taxation

answered on 12-Mar-22 18:07

FY 18-19:- Turnover from trading = 50L Turnover from other services = 30L Aggregate turnover = 50L or 80L?

latest answer

Aggregate turnover covers all taxable, exempt, inter state and exports on all India basis under same PAN. {Section 2(6)}.

Girinath A

Girinath A

CA Inter

★ 765

2

452

SRO number

Exams

answered on 12-Mar-22 15:49

Will my SRO number change if i have revalidated my ca intermediate registration?

latest answer

No

Ashwathi selvanathan

Ashwathi selvanathan

CA Inter

★ 2K+

1

636

AS - 2 "Valuation of Inventories"

Accountancy

answered on 12-Mar-22 16:23

As per AS -2 "Valuation of Inventories" , Inventory should be valued at lower of __________ whichever is lower. 1. Cost and NRV 2. Cost or NRV Which is correct ? I think option 1 is right , but in the ICAI CA Inter study material , in some areas it is written as "Cost or NRV". Kindly clarify and I hope it is not an irrelevant question. Thanks in advance.

latest answer

No option 2 is correct ..cost or nrv whichever is lower

Avasarala Vivek Aditya

Avasarala Vivek Aditya

CA Inter

★ 6K+

2

772

Minor

Indirect Taxation

answered on 12-Mar-22 18:12

Can a minor get its business registered under gst

latest answer

Yes if he has obtained PAN.

Gauri Shete

Gauri Shete

CA Final

★ 5K+

1

667

Preparation

Maths & Stats

answered on 12-Mar-22 21:13

How many days are needed for math to study

latest answer

I think he is trying to say about saving time while you solve sums...we have only 2hrs for 100 Marks so try to skip unwanted steps try to solve sums using short cuts and option test which results in saving time

Agilasri Agila

Agilasri Agila

CA Foundation

★ 890

11

509

Study Planner

Others

answered on 12-Mar-22 07:23

When will indigo learn upload a SFM & FR related Study planner ?

latest answer

SFM by month end. FR only after the course is fully launched

Chandu vadla

Chandu vadla

CA Final

★ 11K+

1

548

doubt

Others

answered on 13-Mar-22 10:53

who is the moderator who answers the questions sir .bcz sometimes the faculty answers and sometimes the moderator. so whose answers are the final answers

latest answer

Have you found a case where the answers inconsistent - usually that is not the case Whose ever answer is the last that is final.

Devi Kiran

Devi Kiran

CA Inter

★ 0

1

532

marginal costing

Costing

answered on 15-Mar-22 11:38

illust 50: 3 and 4th quz can we solve by adding desired profit + fixedcost and divide by p/v ratio.later divide the answer with sp. bt the units answer differs by 5 rs is it ok.

latest answer

You can do. Small rounding offs difference will be there

Devi Kiran

Devi Kiran

CA Inter

★ 0

2

462

Depreciation

Accountancy

answered on 12-Mar-22 14:08

So can you say me logic of this journal entry that is why machinery account is debited to machinery disposal account. So one assumption is that, asset is going out so in journal entry we credit machinery account but my doubt is that,Is machinery disposal account is asset account? In case If we debit it would likely be asset or expense right or is it liability that is decreased? Please justify me

latest answer

For better understanding see this

Sugam SM

Sugam SM

CA Final

★ 9K+

4

938

Articleship

Others

answered on 11-Mar-22 20:18

Sir now that all big 4 have declared vacancies for articles. will there still be vacancies after may 2022 attempt?

latest answer

ok thank you sir

AKSHITA SITA PRAVA

AKSHITA SITA PRAVA

CA Final

★ 590

2

551