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question 17
AFM
answered on 03-Jul-25 10:29
Sir in this sum why is investment(25200) added back in Y1 inflow calculation?
latest answer
Margin whatever is invested in returned back after adjusting for losses if any here we got a profit so we get the profit and also the margin money we invested earlier
P AKSHAYA
CA Final
★ 260
1
168
Net ITC
Indirect Taxation
answered on 03-Jul-25 13:04
Don't we include Opening balance of ITC while calculating Net ITC [Video Time Stamp: 01:54]
latest answer
Okk !!
Hrishikesh Pradhan
CA Final
★ 18K+
3
203
Refund calculation
Indirect Taxation
answered on 25-Feb-26 11:51
Here, for calculation of refund for inverted duty structure why have we not multiplied Tax payable on such inverted rated supply with Net ITC and divided by ITC availed on inputs and input services as per the formula [Video Time Stamp: 09:54]
latest answer
Oh. Missed this. Will resolve ASAP
Hrishikesh Pradhan
CA Final
★ 18K+
4
1K+
Inventory valuation
Accountancy
answered on 03-Jul-25 11:56
In this question the answer is done in statement basis but if we do it in form of trading account basis is it as per icai and by working note How to derive profit margin on sales from profit margin on cost (33.33%)
latest answer
Pls share your working
Gurukanta Singh
CA Foundation
★ 19K+
23
247
Gross profit
Accountancy
answered on 03-Jul-25 10:09
In the question instead of cogs we take sales in cr side and gross profit in dr side to know the opening stock [video Time Stamp: 17:40]
latest answer
Yes
Gurukanta Singh
CA Foundation
★ 19K+
1
134
GST compensation cess
Indirect Taxation
answered on 03-Jul-25 12:48
Sir, since GST came into practice from 2017 does the compensation cess period of 5 years lapsed on 2022 or still existing.
latest answer
Its extended till 31.3.2026
PUVIA RAVINDRAN
CA Final
★ 9K+
1
208
Professional Ethics
Auditing
answered on 05-Jul-25 14:51
Ma'am, how will we understand this question is asking about Clause 5 and 6 of Part 1 of 2nd Sch?
latest answer
Clause 5- -When the CA is duty-bound to disclose something important, but does not do so, leading to potential misguidance. -May be unintentional (negligence) or intentional Example A CA issues a financial report but omits disclosing a known contingent liability The CA knows the fact and knows it’s important but fails to disclose it. Clause 6- When the CA is associated with a financial statement that contains a misstatement and the CA knows it, but does not report it. Generally intentional or reckless, as the misstatement is known and the CA doesn’t act on it In simple terms, clause 5 is omission , CA KNEW IT BUT DIESNT TELL reveal it. Clause 6 , he knows there is wrong but doesn’t disclose it.
R M
ACCA Professional
★ 4K+
1
146
Clarification on Dividend Treatment in Futures Pricing
AFM
answered on 02-Jul-25 20:44
Sir, I think I have missed some clarity regarding the treatment of dividends while calculating the futures price. Could you please explain how the futures price is affected by payment of dividend in different time ( end of the year , immediately entering to contract or beginning )
latest answer
ok sir
Muhammed Mubaris
CA Final
★ 190
2
164
Direct and Indirect quote
AFM
answered on 02-Jul-25 14:40
Sir, why those four countries currencies are quoted in indirect ? [Video Time Stamp: 14:33]
latest answer
Direct indirect
Sai Vema
CA Final
★ 108K+
1
157
Invoice ought to have been issued means what?
Indirect Taxation
answered on 02-Jul-25 16:50
Invoice ought to have been issued means what? [video Time Stamp: 00:21]
latest answer
It means when invoice is supposed to have been issued as per time limit under Section 31.
Venkat L
CA Inter
★ 2K+
1
175