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Mandatory deposit
Indirect Taxation
answered on 02-Dec-25 09:37
Hello sir I have a query regarding mandatory deposit made u/s 107 and 112 It has been said in 107 that max amount for CGST/SGST/IGST in lecture is 25 crs whereas act says its 20 / 40 crs Same in 112 , it has mentioned in lecture that the % is 20 whereas its 10% in act and max amount is 50/100 crs whereas max amount is same as above u/s 107 Clarify regarding it sir [Video Time Stamp: 17:18]
latest answer
It is 10% of disputed tax subject to maximum of 20 crore under CGST and 20 Crore under SGST. We have sorted the same. Thank you.
Manish Kumar
CA Final
★ 4K+
1
92
reverse uncertainity
Auditing
answered on 07-Dec-25 20:54
In this case whether there is any reversal of income while CG guaranteed because we will stop income recognition and asset classification deemed to be std assets [Video Time Stamp: 10:37]
latest answer
No reversal of income as asset classification changes not income wil be recognised only on cash basis. If previously recorded income has not realised, reversal wil be done
21SCO08 mahalakshmi
CA Inter
★ 1K+
1
88
Doubt in zero rated supply of goods
Indirect Taxation
answered on 02-Dec-25 09:39
Sir, in question they gave zero rated supply of goods under bond/LUT as 12L but we only considered 6L in computation, can you please explain sir
latest answer
Agreed.
siva chaitanya
CA Final
★ 13K+
1
91
Doubt in issue of invoice
Indirect Taxation
answered on 02-Dec-25 10:38
Sir in the second case when goods are returned after 6 months in August we need to issue an invoice but goods are not actually sold and brought back then on whose name we should issue an invoice and whether ITC can be claimed on tax paid on that invoice and how to record in the books. Can you please explain sir
latest answer
Understood sir
siva chaitanya
CA Final
★ 13K+
2
92
Inflation
AFM
answered on 30-Nov-25 15:12
Sir, can I take the assumption that, after considering the Inflation to the Price per bottle, I will add 1Ruppee. [Video Time Stamp: 12:42]
latest answer
You can do in fact question is very vague but ICAI solved it in this manner and pls follow their method to get marks
Murali Thripuraboina
CA Final
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1
83
regarding the example
AFM
answered on 30-Nov-25 19:15
sir why we take 1000 in the formula [Video Time Stamp: 02:18]
latest answer
Usually bonds have face value of 1000 or 100
Abhay Goyal
CA Foundation
★ 180
1
155
Unable to Download PDF Notes
Direct Taxation
answered on 30-Nov-25 10:26
I have purchased the taxation course, but I am unable to download the PDF notes available in it. I have attached a screenshot showing the issue. Kindly assist me in resolving this.
latest answer
Try on website
K Sridharraja
CA Inter
★ 4K+
1
91
Clarification needed regarding service provider wrt sec 12(6)
Indirect Taxation
answered on 02-Dec-25 10:17
Sir, in the given case, Musicera PVT LTD hired Supriya pvt ltd to organize the event. This implies that Supriya PVT ltd in also the service provider wrt collecting admission amounts; then why are we considering Musicera pvt ltd as the srvice provider for admission services u/s 12(6)? [Video Time Stamp: 05:20]
latest answer
Ok Sir
Rahul Anand
CA Inter
★ 6K+
2
91
Sept 2025
Financial Reporting
answered on 09-Dec-25 17:10
In this question itself, i had another doubt about dividend. They have credited dividend in retained earnings means it would have come through p and l right ? So treatment done by them is correct na !
latest answer
okay!
Hrishikesh Pradhan
CA Final
★ 18K+
4
82
Sept 2025
Financial Reporting
answered on 29-Nov-25 19:49
In this question, why have we deducted goodwill from net assets although nothing has been specifically mentioned in the question
latest answer
https://youtu.be/5AK6BX11QyE Goodwill is not identifiable asset. Have explained in this video.
Hrishikesh Pradhan
CA Final
★ 18K+
1
81