Forums
Input Tax Credit
Indirect Taxation
answered on 16-Mar-21 10:25
Can we gain ITC on services? If yes, where we can apply that ITC amount assuming that services are received under FCM basis? Can you please explain this one with an example.
latest answer
ITC can be availed on goods and services, both u/s 16(1) only if used for business purpose. Such ITC can be utilised outward gst liability in the manner given u/s 17. Please go through the videos for examples
MURALIDAR 05 M
CA Final
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BCK
Economics
answered on 16-Mar-21 10:11
Which of the following statements does not comprise business activity? (a) Sale of old furniture by a household for a profit (b) A carpenter made furniture for its domestic use (c) Steel furniture industry (d) Domestic appliances industry
latest answer
(b) A carpenter made furniture for its domestic use is business as making furniture is his regular activity done for profit, but the furniture made this time is consumed for his personal use - that doesnt make it non-business activity.
Cyril Paulson
CA Final
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Advanced accounting
Accountancy
answered on 16-Mar-21 19:47
Eg. P Ltd V ltd (Rs.In lakhs) (Rs.In lakhs) Whether we can write like this or we should write the full amount like Rs. 900,00,000 in the B/S or journal entry while presenting in exam
latest answer
K sir..tq
Divya R
CA Final
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Amalgamation
Accountancy
answered on 15-Mar-21 21:41
What is the journal entry for settlement of liquidator in net asset method
latest answer
Hope this helps
venkatesh sundharamoorthy
CA Final
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Bills of exchange
Accountancy
answered on 16-Mar-21 12:00
Can you please explain this entry. How amounts are divided as 6,740 and 1,260.
latest answer
Thanks sir
siva chaitanya
CA Final
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Ch 4 preparation of FS
Accountancy
answered on 15-Mar-21 20:25
Could u explain which AS is that....since in video, Sir includes the final dividend ...but in book they doesn't...so kindly explain the logic behind that
latest answer
Thankyou sir
GOKULA LAKSHMI
CA Final
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standard costing
Costing
answered on 16-Mar-21 11:08
here the calendar variance is negative... then how is it favourable?
latest answer
thank you mam
Kumar Sarthak
CMA Final
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Action by affected persons
Corporate & Other Laws
answered on 15-Mar-21 17:25
I have attached a example question below, my question is that it's well known that N cannot bring an action for rescission of the contract for buying shares from M on the grounds of mis-statement made in the prospectus but, can N file a suit on M for the act done by him.
latest answer
No, N can't sue even M.
lithish kumar
CA Final
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Income from house property
Direct Taxation
answered on 16-Mar-21 10:34
Treatment of interest
latest answer
Please go through the modules for detailed explanation
G. @95148
CA Final
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607
Regarding ammendments
Auditing
answered on 15-Mar-21 13:02
Sir in audit did ammendments came in chapter 5 and chapter 10 . ??? In videos did they coverd or not ???
latest answer
They will be added by month end
Enuguru Sai Nithin
CA Final
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