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Direct Taxation

answered on 24-Nov-22 16:00

In exam ... In notes ... Are the Provisions nd sec num need to be written in exam Will the marks need to be alloted if the provisions are writen

latest answer

Not required

Nivetharaman Raman

Nivetharaman Raman

CA Foundation

11K+

1

387

BRS

Accountancy

answered on 24-Nov-22 19:01

Should we prepare adjusted cash book for this ? Or just BRS will be enough ? What if I get same answer in both cases?

latest answer

The question has clearly asked only for BRS

sradha krishna sunil

sradha krishna sunil

CA Final

5K+

5

497

Place of Supply

Indirect Taxation

answered on 25-Nov-22 14:37

In place of supply section-12 If suppliers are unregistered, will that create any impact in deciding the place of supply?

latest answer

If suppliers are unregistered that means their turnover could be less than threshold limit. In such case, they are not liable to pay GST. If they are not liable to pay GST then there is no question of determination of place of supply.

Udaya Kumar

Udaya Kumar

CMA Inter

920

5

475

Charge, gst

Indirect Taxation

answered on 25-Nov-22 15:36

in reverse charge it's 5%, in forward charge it's 12% ain't it be same ? because it's the same tax paid by different person

latest answer

If recipient is unregistered Individual then it is exempt under GST.

Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

2K+

14

869

New scheme articeship

Others

answered on 24-Nov-22 14:56

If i cleared inter both groups in existing scheme , Am I eligible for applying articleship of 2 years under new scheme ?

latest answer

After clearing you can join for articleship

Pooja .

Pooja .

CA Final

210

1

382

Material costing - return of material

Costing

answered on 25-Nov-22 15:14

Sir explained about --> store return the goods when it is found defective in the quality checking stage before taking into the shop Then --> store return the goods when it is found defective in 2 nd quality checking stage after taking into the shop Then --> return from production department to the store when the goods is excess and no use for future production . What entry we should write when production department return the goods to the store bcoz pd found it defective ??? Same as store return to the supplier entry ??

latest answer

Please post the entry as per your understanding, we will correct if required

akhil shihab

akhil shihab

CMA Inter

25

1

431

Supply

Indirect Taxation

answered on 24-Nov-22 10:40

Whether giving advance is considered as supply?

latest answer

Yes sorry it was due to some typing mistake

Kamal Kumar

Kamal Kumar

CA Inter

7K+

5

527

Sale of stolen goods - sales of goods act

Corporate & Other Laws

answered on 24-Nov-22 19:02

A Sold a laptop to B which was stolen means A doesn't have right to sell the laptop in this which provision we have to apply - implied condition as to title or - warranty as to undisturbed possession???

latest answer

Condition to Title

Atharv Sankliya

Atharv Sankliya

CA Final

3K+

4

440

Place of Supply

Indirect Taxation

answered on 25-Nov-22 14:39

The receiver takes the goods from the ex-factory. Mr. Raj of Mumbai, Maharashtra gets an order of 100 TV sets from Sales Heaven Ltd. of Chennai, Tamil Nadu. Sales Heaven mention that it will arranged its own transportation and take TV sets from Mr. Raj's ex-factory what is the Place of Supply?

latest answer

POS in these kind of cases depends upon the place where movement of goods terminates for delivery to recipient. Practically we decide based on where risk and reward is transferred.

Udaya Kumar

Udaya Kumar

CMA Inter

920

2

426

Shiva Teja Sir

Indirect Taxation

answered on 23-Nov-22 20:46

How to connect with Shiva Teja sir to ask doubts regarding Indirect Tax?

latest answer

Ask in forums.

Udaya Kumar

Udaya Kumar

CMA Inter

920

1

433