Expiry of ITC

answered 1 day ago

Time period of 1yr is for availment or utilization

latest answer

Time period in CGST Act is given for Availment of ITC in E-Credit Ledger. Act has not put forth any restriction and time limit for utilisation. Once availed , can be carried forward for ♾️ tenure

Sugam SM

CA Inter

★ 7K+

2

30

Condition for ItC

answered 1 day ago

Upto 5% availment of ITC is removed right? If supplier hasn’t furnished details in GSTR-1.

latest answer

Sir is paid notes amended as per may 23? Or only upto nov 22?

Sugam SM

CA Inter

★ 7K+

2

37

Amendment in past rtp and mtp

answered 1 day ago

Does the MTP and RTP in the resources are updated as per the latest statutory updates

latest answer

Ok sir

Saravanan Murugan

CA Inter

★ 18K+

2

46

Investment Decisions

answered 1 day ago

While calculating Irr, many times my answer varies by 1%. Ex I got 23.2 instead of 24.1 means will I get marks in exams? Also in computing Npv due to decimal differences many times answer varies book answer by small margin. Is It acceptable?

latest answer

It has to be right till at least 1 decimal without that marks may not be awarded

Vijay Ramesh

CA Inter

★ 655

2

34

FS item - Current Maturity of LTB

answered 1 day ago

Current Maturity of Long Term Borrowings shall be shown under which head of the Balance Sheet? Short Term Borrowings or Other Current Liabilities

latest answer

Thanks a lot for the swift response, Sir!!!

Krishna Sankar

CA Inter

★ 370

2

41

Cost of capital

answered 1 day ago

Eq sh cap = rs40lac RnS = rs60lac EPS = 7.50 Ke = 15%, Kre = 12.5% Why we do consider ke = kre = 15% ?

latest answer

As per the information provided Ke = EPS/MPS x 100 = 7.5/50 x 100 = 15% As there No floatation costs Kre = Ke = 15%

Sushmita Chowdhury

CA Inter

★ 5

11

82

Amalgamation

answered 1 day ago

In these question , it's mentioned as amalgamation in nature of merger , but Liquidation expenses are debited to Goodwill A/c, it should be debited to P&L or General reserve in case of merger , only if it's in the nature of purchase it should be debited to Goodwill/Capital reserve , is the above points correct ?

latest answer

Thanks Sir

Prethivi Rajan

CA Inter

★ 8K+

3

42

Forex

answered 1 day ago

Video 22. In video sir says margin will be added to bank's selling rate, where as in notes it is given margin will ne subtracted from bank's selling rate Please clarify

latest answer

Exactly it will always be adjusted in a way that the bank benefits. Will check the Notes and correct them if required immediately - thanks for highlighting them.

nazriya nasar

CA Final

★ 6K+

3

41

Dividend Decisions - ICAI - Practical Problem No.8

answered 1 day ago

Can anyone please help me with the (iii) part of this question? The book answer is 1,950 but I am getting 1,772. I used this formula: Vf (or) nPo = [(n+m)P1 - I + E] / (1+Ke) Kindly help.

latest answer

Thank you so much

Varshaa M

CA Inter

★ 8K+

3

55

Cost of capital

answered 1 day ago

Why we don’t minus flotation cost from Kre, but from Ke ?

latest answer

Thank u

Sushmita Chowdhury

CA Inter

★ 5

3

37