Forums
Time of supply
Indirect Taxation
answered on 25-Oct-23 15:48
How to identify fcm or rcm in question
latest answer
Ok sir
OMKAR REDDY
CA Inter
★ 6K+
8
530
Pgbp
Direct Taxation
answered on 25-Oct-23 15:30
Is municipal taxes allowed as deduction
latest answer
Thank you sir
Ramya Telikicherla
CA Final
★ 6K+
4
402
variable lease payment
Financial Reporting
answered on 25-Oct-23 15:20
I am attaching mock test paper of CA institute. Here question number 6 b lease payment calculation I am not able to understand. Incremental borrowing rate 9.5% as on 1st April 20X1. In the year 20X3-X4 incremental borrowing rate is 8% p.a In the solution 9.5% is used to calculate revised fair value. What I am trying to understand is why 8% p.a is not used
latest answer
Because we are not modifying the lease.
swaminathan sundaram
CA Final
★ 110
1
527
Notes for case based questions
Indirect Taxation
answered on 25-Oct-23 15:36
Sir, Pl upload IDT - GST Case based questions Theory - MCQ
latest answer
It is already there as a part of course content.
Js Giri
CA Final
★ 40
1
343
Input tax credit
Indirect Taxation
answered on 25-Oct-23 15:37
If recipient buy goods on EMI of 12 months then does second proviso to sec 16(2) is applicable on it or not ?
latest answer
Strictly speaking Yes - Since payment is not made within 180 days. Proportionate credit to be reversed and then reclaimed when payment is made.
Anjali S
CA Inter
★ 0
2
334
Valuation
Indirect Taxation
answered on 25-Oct-23 15:39
What is common ITC how 9000 and 3000 came?
latest answer
CA Inter level - Rule 42 and 43 is not there in syllabus.
Shruthi Nachammai
CA Inter
★ 4K+
7
397
Composition and registration
Indirect Taxation
answered on 27-Oct-23 16:09
While caluclation aggregate turnover exempt supplies include non taxable good also right ,then if we provide exempt supplies whrther can we treat as supplier of non taxable goods ,if yes not eligible for composition whoever suppliing exempt goods?
latest answer
In simple terms, if he is dealing with non taxable he cannot opt for composition scheme
OMKAR REDDY
CA Inter
★ 6K+
6
327
departmental
Accountancy
answered on 23-Oct-23 17:02
can someone help me calculate inter-departmental sale along with working notes for the same
latest answer
i could solve it on my own, later, thankyou
disha sharma
CA Inter
★ 1K+
2
348
Ind AS 41 Journal entry when government grant received
Financial Reporting
answered on 25-Oct-23 15:21
When government grant is received (unconditional grant) journal entry given below Bank Account Debit Credit Profit & Loss Account If government gran is conditional grant journal entry is Bank Account Debit Credit Deferred Revenue account (is this journal entry correct)
latest answer
Yes.
swaminathan sundaram
CA Final
★ 110
1
426
Ind AS 41 Illustration 41
Financial Reporting
answered on 25-Oct-23 15:24
I saw video lecture on Ind AS 41 Here illustration 4 fair value on 31st March 20X1 is given in the question as Rs 26500 cost to sell is Rs 1100 but in the solution given in video lecture cost to sell is taken as Rs 1000. Request your feedback please.
latest answer
1,100 is as on 31st March 20X2
swaminathan sundaram
CA Final
★ 110
1
355