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Time of supply

Indirect Taxation

answered on 28-Aug-25 13:47

Sir, can you please explain the attached paragraph with example, that is related to 13(2)

latest answer

Generally for part payment invoice is not issued. If invoice is issued then GST needs to be paid.

siva chaitanya

siva chaitanya

CA Final

13K+

3

148

Time of supply

Indirect Taxation

answered on 21-Aug-25 19:43

Sir, can you please explain the intention of the government of keeping the separate rule of when the invoice to be issued if supplies are related to distinct persons for specified companies as we can also follow the general rule of 45 days

latest answer

Ok sir

siva chaitanya

siva chaitanya

CA Final

13K+

2

135

Bid Ask

AFM

answered on 18-Aug-25 19:48

Bid & Ask is all about focuses on Base currency If in case of USD INR (Direct Quote) If customer wants Quote currency(INR), Bank Buy Base currency(USD) which it become Bid and bank sell Quote currency If customer wants Base currency(USD), Bank Sell Base Currency(USD) which it become Ask and bank buy Quote currency If in case of INR USD (Indirect Quote) If customer wants Quote currency(USD), Bank Buy Base currency(INR) which it becomes Bid and bank sell Quote currency If customer wants Base currency(INR), Bank Sells Base Currency(USD) which it become Ask and bank buy Quote currency Bank Buys cheap and Sells costly In direct quote (USD INR), from point of view of base currency for 1$, it buys cheap @ 75.3510 In indirect quote (INR USD), from point of view of base currency for 1₹ it buys cheap @ 1/75.449 Whether my understanding from the concept is correct sir? [Video Time Stamp: 04:01] [Video Time Stamp: 04:01]

latest answer

Right

Banu Priya

Banu Priya

CA Final

6K+

1

135

Illustration 15

Costing

answered on 18-Aug-25 19:48

Sir in stores ledger receipt from M and co unit is 25 and amount is 6.10 but you calculated the amount as rate.

latest answer

6.10 is the rate per unit not the amount.

Royal Amirtha

Royal Amirtha

CMA Inter

8K+

1

126

Regarding planecrash-compensation

Corporate & Other Laws

answered on 19-Aug-25 22:25

Why was compensation awarded in the recent AI 171 crash, but not granted in the Mukul Dutta case? Are there specific legal principles or changes—such as the influence of the Montreal Convention or statutory evolutions—that explain why compensation was possible now but not in the earlier case? [Video Time Stamp: 17:10]

latest answer

Thank you mam😊

Bhavagna reddy Puli

Bhavagna reddy Puli

CA Foundation

730

2

135

AS 12

Accountancy

answered on 19-Aug-25 14:31

Sir, in this Illustration 2 it is nowhere specified that Govt demanded a refund after 2 years. So, are we assuming it or there is some calculation behind it? [Video Time Stamp: 04:42]

latest answer

Ok

Rahul Anand

Rahul Anand

CA Inter

6K+

2

137

Process & Operation Costing

Costing

answered on 25-Aug-25 14:33

In this question it has been mentioned that the no.of units scrapped were 200. But as per the suggested answer, while preparing statement of cost scrap worth 392 units(including the abnormal gain) has been deducted from materials. Why is that ?

latest answer

Normal loss is reduced as per expectation. Any abnormal gain is considered separately.

Parvathy Ajith

Parvathy Ajith

CA Inter

0

1

123

Exam

Accountancy

answered on 24-Aug-25 17:14

Sir is it better to attend the descriptive first and then the mcq or otherwise

latest answer

Thankyou sir

Dova Shaji

Dova Shaji

CA Inter

520

2

171

BSM

AFM

answered on 18-Aug-25 10:32

My answer varies with the one given in book sir

latest answer

In image titles ans 2 You changes N(d1) from N ( 0.2083) to N(0.2823) in line 1 itself

Banu Priya

Banu Priya

CA Final

6K+

1

129

AS 22 Interpretations

Accountancy

answered on 19-Aug-25 14:24

Sir, where to find this portion in textbook? [Video Time Stamp: 01:07]

latest answer

Not needed for exam purposes.

Rahul Anand

Rahul Anand

CA Inter

6K+

1

133