Forums
Supply Under Section 9(5)
Indirect Taxation
answered on 07-Apr-25 16:22
Sir If Supplier (REGISTERED) - Transportation of Passengers - Restaurant Business Supplies through ECO Then ECO pays GST u/s 9(5) Whether That registered Supplier needs to raise tax Invoice to ECO? Or Supplier Shows as Nil or Non Taxable Supplies!
latest answer
Thank you Sir
Pradeep Ravikumar
CA Final
★ 1K+
2
197
Inventory valuation
Accountancy
answered on 07-Apr-25 10:01
How should this question be executed and what should be the answer?
latest answer
Solution available here https://www.youtube.com/live/saIqDiMKXqo?si=Yai7OpHGiQrfmSmb&t=2836
Asmita Kar
CA Foundation
★ 7K+
1
191
Auditor's assessment of risk of material misstatements
Auditing
answered on 11-Apr-25 09:17
Does auditor's assessment of risk of material misstatements includes test of control and substantive procedures?
latest answer
👍
Ganesh Selvakumar
CA Inter
★ 230
6
232
Sales related doubt
Costing
answered on 08-Apr-25 10:01
While solving this i.e que (b) why we find first pv ratio and all that, however we can just add all costs and add 20% on sales which is as per direction of que only
latest answer
Here we used desired sales formula = (Fixed cost + Desired profit) / P/v Ratio. We need to use the formula for finding desired sales.
Samarth Kshatriya
CA Inter
★ 1K+
2
195
B Inc
AFM
answered on 06-Apr-25 17:58
However, in the question they have written that B intends to borrow in yen then why are we borrowing in dollars
latest answer
You will initially borrow in usd and then change or swap it to yen Post he swap Economic effect would be of yen borrowing only
Hrishikesh Pradhan
CA Final
★ 18K+
1
187
IB JPY Fixed
AFM
answered on 06-Apr-25 17:58
Simple question that why IB will agree, IB is getting JPY Fixed at 2% then why will it agree to take at 2.25% , agreed that overall cost will come down but as a company i will not choose costlier option and i have to even pay 0.25% of commission so in net i am paying 2.5% instead of 2%
latest answer
Haan Haan, understood sir !
Hrishikesh Pradhan
CA Final
★ 18K+
2
230
As 41
Financial Reporting
answered on 07-Apr-25 10:06
Whether the milk here is agricultural produce
latest answer
Yes
Nawar Fathima AV
CA Final
★ 3K+
1
160
Logic
AFM
answered on 06-Apr-25 12:15
Here, wording is generic swap at 8% against 6 months LIBOR, what does this means, is it i am swapping 8% with 6 % so if yes i will be paying to the other 6% na ?, so what is the logic of paying the differential
latest answer
Logic
Hrishikesh Pradhan
CA Final
★ 18K+
1
187
As 41
Financial Reporting
answered on 07-Apr-25 10:07
What if the selling cost is incurred by buyer on behalf of the seller? Will it be considered as cost to sell
latest answer
THe question to ask is how much would seller incur to sell? If the seller does not incur costs, it is not considered
Nawar Fathima AV
CA Final
★ 3K+
1
152
Present value of FRA
AFM
answered on 06-Apr-25 10:50
In part a, while calculating FRA receipt settlement why didn't we considered present value as our formula has present value in denominator.
latest answer
Fra
Hrishikesh Pradhan
CA Final
★ 18K+
1
179