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List price into taken into account subsidiy amount?
Indirect Taxation
answered on 08-May-24 16:45
In this problem it is given list price taken into account the subsidy amount then why subsidy is again added to list price in case of subsidy from non gov and why gov subsidy not reduced from list price? Please confirm if what is done is correct in this video?
latest answer
Welcome.
Liz James
CA Inter
★ 2K+
7
328
Interest rate is per month not per annum.
AFM
answered on 03-May-25 20:47
Hi sir, while computing the cost of carrying we have to multiply the spot with interest rate for 3 months. In the question they have given interest rate as 15% PER MONTH. SO the formula for cost of carrying should be [ Spot*15% per month* 3 months]. But what you have taken is [spot*15%per month*3 months/12 months]. Why we have to divide it by 12, even though they have given the interest rate PER MONTH ?
latest answer
Yes
B. Dinesh
CA Final
★ 3K+
6
360
Ind AS 12
Financial Reporting
answered on 09-May-24 16:26
Hi sir , Is this topic of computation of DTA/DTL in case of compound financial instrument covered in the class videos
latest answer
IT will be added in Ind AS 109
k santosh reddy
CA Final
★ 0
1
323
Time of supply, date of payment in general case (not RCM) in case of services
Indirect Taxation
answered on 08-May-24 16:47
in this question date of the payment is date of credit in the bank a/c right as they have mentioned payment was made on the same day i.e 12/1? Then the ans also will be 12/1 right?
latest answer
Understood. Thank you
Liz James
CA Inter
★ 2K+
11
221
engagement letter drafting
Auditing
answered on 08-May-24 13:42
madam, but shouldnt the engagement letter be drafted by the auditor? and if there is some discrepancy isnt that the fault of the auditor??here in this question it is said that the engagement letter has been issued by mea limited .
latest answer
Appointment letter is issued by management, n engagement by auditor. In practicality it’s management who drafts. But before acceptance auditor should be sure about the content there in. Otherwise he will be guilty of professional misconduct
aravind lalji
CA Inter
★ 0
1
301
FA / FL - Loan - Amortised method
Financial Reporting
answered on 10-May-24 20:24
Please share an illustration relating to Loan(NOT INTEREST FREE) where solution has given for both the parties I.e. lender and borrower. So that we can understand from a broader perspective that how one instrument is recognised as FA for one party and FL for another party.
latest answer
FV is PV discounted at effective rate which is equal to TP.
Chandan Subudhi
CA Final
★ 12K+
9
390
LLP- Body Corporate ?
Indirect Taxation
answered on 12-May-24 11:02
Whether as per GST - LLP is an body corporate? As per LLP act LLP is an body corporate.
latest answer
Done.
HEMAVATHYSUBRAMANI SUBRAMANI
CA Final
★ 3K+
3
321
Regarding ECO and Composition scheme
Indirect Taxation
answered on 08-May-24 16:16
If a restaurant is registered under composition scheme, they should not collect tax from recipient of services. If the same restaurant is supplying through ECO whether the provisions of 9(5) be applicable, where ECO is liable to pay GST ?
latest answer
ECO will be liable to pay GST.
sudarsan ramanathan
CA Inter
★ 3K+
2
406
Password to unprotect the excel sheet
AFM
answered on 10-May-24 20:28
Hi sir, the excel sheet you have provided is having a password. there are many rows and columns where we are not able to see the data in a cell due to the size limitation of a cell. In order to see that data, we need to adjust the cell length. But because it is protected we are unable to adjust the cell length. SO please provide the password to unprotect the excel sheet. Not just for this chapter, for all the chapters this is the case. so kindly provide the password for all the chapter's excel sheets.
latest answer
here
B. Dinesh
CA Final
★ 3K+
3
277
Classes
Indirect Taxation
answered on 08-May-24 09:02
I wanted buy IL Idt classes. Comparing classes other than Indigo Learn i saw it was almost 200 hours of classes for regular batch and 140 hours for exam oriented batch. But Indigo learn regular batch itself 140 hours. What maybe the reason?
latest answer
Our classes are recorded in studio. So the extra time spent in classroom for discussions breaks etc gets eliminated. The time which you would require to complete would be approx 1.5x
shamanth rm
CA Final
★ 2K+
1
342