Forums
Itc
Indirect Taxation
answered on 14-Oct-21 11:27
Itc recognized in books = rs 4500 GRTR - 2B = 3000 Therefore, itc availed in GSTR-3B =3000+5%=3150 150 is provisional itc .it should be match in future In future , -5% is greater than the actual itc = we should reverse with interest @18 %p.a -5% is less than the actual itc = what sir? Can u explain briefly??
latest answer
Any ITC missed can be claimed in next month. Not to worry. ð???
joes naveen
CA Final
★ 0
1
503
What are the provisions for violating section 40
Corporate & Other Laws
answered on 17-Oct-21 22:34
Violation of sec 40
latest answer
No, there is no refund in such cases. It is only in case minimum amount has not been subscribed, then refund has to be made as per Sec 39 and Rule 11
Pramod Rajpurohit
CA Inter
★ 0
3
454
Company
Corporate & Other Laws
answered on 13-Oct-21 15:59
What it mean 'pass such orders, as it may think t, for regulation of the management of the company including changes, if any, in its memorandum and articles, in public interest or in the interest of the company and its members and creditors;'
latest answer
The regulator may change MOA in public interest - Eg a company has clause in AOA / MOA on directors but say all directors resign - GOI can appoint fresh directors - happened in satyam - similar such cases can be thought of
Rakesh Shah
CA Final
★ 5K+
1
433
Comapny
Corporate & Other Laws
answered on 13-Oct-21 16:00
What it mean 'the Tribunal may, on an application made to it, on being satisfied that the situation so warrants,'
latest answer
What is there in this line to not understand? a tribunal is passing an order based on situation - it is passing order based on application made by someone
Rakesh Shah
CA Final
★ 5K+
1
466
SOGA please help me
Corporate & Other Laws
answered on 14-Oct-21 11:53
X sold his Bike to Y for 5L now after the sale..Y found that the Engine of the bike is in very bad condition result of that the bike can not be used...now what can Y do ?? My doubt is can Y climb this as Breach of Condition and cancel the contract+damages....And Can X say this is Doctrine of privity of contract please help me
latest answer
This can be treated as breach of condition only in case where Y completely depends on X's skill and judgment for purchase of the bike and X is a dealer in bike in ordinary course. In such a situation implied condition as to quality and fitness will apply.
Dhakshana Dhakshana
CFA L2
★ 18K+
2
513
Exception to blocked credit
Indirect Taxation
answered on 13-Oct-21 09:52
I can't understand this term.....pls give me examples for this...
latest answer
Which term didnt you understand
Sri Yoga Vishwa. P
CA Final
★ 2K+
1
587
2nd proviso to Section 16(2) read with rule 37
Indirect Taxation
answered on 13-Oct-21 09:51
18% Interest amount is calculated on which amt?
latest answer
ITC
Sri Yoga Vishwa. P
CA Final
★ 2K+
1
552
Probability
Maths & Stats
answered on 13-Oct-21 21:13
Can I start study Probability if I have no idea about Calculas (Integral Calculus) ?
latest answer
Yes bro
Aditya Birla
CBSE XI
★ 4K+
12
544
Acc consignment chapter
Accountancy
answered on 15-Oct-21 11:31
Y are putting insurance co..admitted in cr side I did not understand bec....... As per I learned insurance company given money for goods lost means as pee consignment chapter we will post the entry by INSURANCE Company admitted. In congniee account only .... But here y are you putting on consignment ??????
latest answer
Ok sir got it
Balachandar S
CA Inter
★ 59K+
8
643
Doubt
Accountancy
answered on 12-Oct-21 20:30
Why in this sum in closing stock rs 22000 is added with 189000
latest answer
While valuing the stock ,some of the stock may written off , if it is done in any case the cost of the amount written off will added to closing stock to arrive at orginal cost of closing stock
Chandramouli A
CA Inter
★ 720
1
534