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Exemption- Government services to Businesses Entity
Indirect Taxation
answered on 14-Jul-25 12:38
Service to a limited (Jammu & Kashmir), whose turnover of financial year 2020-2021 is 20, lakhs (threshold limit 20 lakhs)
latest answer
Service to business entity whose turnover does not exceed threshold limit for registration then that service shall be exempt.
Pradeep Ravikumar
CA Final
★ 1K+
2
155
Sec 9(4)
Indirect Taxation
answered on 14-Jul-25 12:38
What is the meaning of 'inputs' and 'input services'? What types of expenses are included under them? & What are all should not include [Video Time Stamp: 06:56]
latest answer
Inputs mean any goods other than capital goods. Input services means services used in the course or furtherance of business.
Parthi ban.B
CMA Final
★ 2K+
1
144
Case Laws
Indirect Taxation
answered on 14-Jul-25 12:44
Are we required to remember all the case laws for exam ?
latest answer
Not all but the case laws highlighted as important during lectures should be remembered.
Hrishikesh Pradhan
CA Final
★ 18K+
1
154
Clarification regarding the calculation of large numbers in the exam
AFM
answered on 12-Jul-25 12:59
Sir, instead of writing out all the zeros, can we express large numbers using powers of 10? For example, writing a number as X × 10^5. Will marks be deducted if we follow this method? [Video Time Stamp: 05:54]
latest answer
use absolute numbers or lakhs
Abhijith K B
CA Final
★ 5
2
223
Units clarification as on year end.
AFM
answered on 12-Jul-25 14:25
Sir, How are you saying from the question that at the year end there are 10Lakhs units.
latest answer
Yes
K Vamshi
CA Final
★ 14K+
3
171
Pilfered Goods
Indirect Taxation
answered on 14-Jul-25 12:40
For example, i imported tesla from USA, and it was unloaded, however later on its tyre was pilfered, now will it be considered as pilfered goods, as third condition was the missing article shall be unit article and not a part. However, for tesla, if the tyre is missing then the car has no use [Video Time Stamp: 07:24]
latest answer
Unit must be pilfered not just a part of unit. It will not be regarded as pilfered.
Hrishikesh Pradhan
CA Final
★ 18K+
1
184
Derivative Contracts
Financial Reporting
answered on 14-Jul-25 10:13
Apr 21 MTP Qn: Short position - to hedge exchange rate risk. Contract Date future price = 76 Given, Future price on settlement date = 71 Spot rate on settlement date = 72 Settlement price considered for the answer = 71 (i.e gain = 5). Shouldn't the final settlement price be 72 here? resulting in gain of Rs. 4
latest answer
Thank you sir
Durai Murugan
CA Final
★ 470
3
135
questions
Indirect Taxation
answered on 11-Jul-25 21:17
sir there are no questions that include the concept of apportionment in the indigolearn material as well as the videos. is there any possibility that you can provide some?
latest answer
ok sir, thank you for clarifying sir
Poojasree Shakthiraam
CA Inter
★ 25
2
162
Derivative Contracts - Settlement
Financial Reporting
answered on 14-Jul-25 12:36
When Qn stays silent about settlement should we assume physical delivery or net cash settlement? Can we solve ILL 16 assuming it to be net cash settlement?
latest answer
Thankyou sir
Durai Murugan
CA Final
★ 470
2
138
How to give answer properly in CA exams as per ICAI expectations
Accountancy
answered on 13-Jul-25 12:12
Dear toppers / students and mentors Please tell how to answer icai expectations point of you for case study accounting Income Tax sums and also theoretical paper so could you please give me the guidance how to exposing answer sheet Because I attend four attmepts still not clear thars why Iam writing but marks not So please explain
latest answer
Thanks 👍 friend from tamilnadu
MPR Sanjay Kumar
CA Inter
★ 530
2
278