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RCM

Indirect Taxation

answered on 28-Mar-23 18:00

If a person paying tax under RCM, then whether can he take credit? and if any RCM apply means recipient will pay gst from his own packet or collecting from supplier and then pay?

latest answer

RCM paid through own pocket is again allowed as ITC right so there is no revenue loss as such.

Kamal Kumar

Kamal Kumar

CA Inter

7K+

5

439

How to buy books from indigo learn by using i cash ? 🤔

Exams

answered on 22-Mar-23 19:32

I was not able to appy i cash in the transaction

latest answer

ICash cannot be used for books mocks and mentorship

DHARSHAN MS

DHARSHAN MS

CA Inter

7K+

2

587

Insurance claim

Accountancy

answered on 22-Mar-23 15:37

I didn’t get this alternative assumption. Can anyone explain

latest answer

Turnover before fire is already at actuals for major period and hence the second assumption is also valid. HOwever, better to follow the normal method for exams.

Sugam SM

Sugam SM

CA Final

9K+

3

453

Ratios

Maths & Stats

answered on 22-Mar-23 13:16

Here in this question factor multiplying ratio would be 7/6 or 6/7

latest answer

56.7kg/x = 7/6 Do cross multiplication you will get the answer. Question is correct.

Arshleen Kaur

Arshleen Kaur

CA Inter

2K+

1

537

for (b) ITC allowed or not?

Indirect Taxation

answered on 23-Mar-23 22:08

explain anyone

latest answer

ITC is allowed in case of aircraft used for imparting training on flying such aircraft

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

18K+

1

527

BCK

Others

answered on 22-Mar-23 19:01

What is difference between divestment and disinvestment

latest answer

Thank you sir

Lathika

Lathika

CA Inter

6K+

4

634

CRR SLR

Economics

answered on 22-Mar-23 13:23

Is CRR and SLR applicable for May23 4.5 and 18 respectively?

latest answer

Yes.

Angel Maria Varghese

Angel Maria Varghese

CA Final

9K+

1

449

Insurance claim

Accountancy

answered on 22-Mar-23 13:24

Anyone explain the text within boxes. Insurable standing charges

latest answer

Other charges which are not specified can be 5% of specified charges. Not relevant for exams.

Sugam SM

Sugam SM

CA Final

9K+

1

411

Insurance claim

Accountancy

answered on 22-Mar-23 15:12

So we can either assume right risk and reward is transferred, consideration is received?

latest answer

The objective of preparing Memorandum Trading Account is to arrive at Physical Stock in warehouse/Godown. Even if risk and rewards are passed, we need to ascertain whether goods were there in warehouse or not. Hence the adjustment.

Sugam SM

Sugam SM

CA Final

9K+

5

429

Paper weightage

Auditing

answered on 22-Mar-23 13:27

Nov22 mai Ch 3 mai se kitne marks k questions the?

latest answer

Will check and get it updated/

CA Inter

CA Inter

CA Inter

290

3

597