LLP- Body Corporate ?

answered 1 day ago

Whether as per GST - LLP is an body corporate? As per LLP act LLP is an body corporate.

latest answer

Yes.

HEMAVATHYSUBRAMANI SUBRAMANI

CA Final

★ 2K+

1

24

Regarding ECO and Composition scheme

answered 1 day ago

If a restaurant is registered under composition scheme, they should not collect tax from recipient of services. If the same restaurant is supplying through ECO whether the provisions of 9(5) be applicable, where ECO is liable to pay GST ?

latest answer

ECO will be liable to pay GST.

sudarsan ramanathan

CA Inter

★ 3K+

2

25

Classes

answered 1 day ago

I wanted buy IL Idt classes. Comparing classes other than Indigo Learn i saw it was almost 200 hours of classes for regular batch and 140 hours for exam oriented batch. But Indigo learn regular batch itself 140 hours. What maybe the reason?

latest answer

Our classes are recorded in studio. So the extra time spent in classroom for discussions breaks etc gets eliminated. The time which you would require to complete would be approx 1.5x

shamanth rm

CA Final

★ 2K+

1

46

Financial Liability

answered 1 day ago

FR > Financial Instrument. The answer is we need to carry the creditors in amortised cost. And it’s FV + Interest. But how to compute interest without knowing the period (when exactly the creditors will be paid)

latest answer

Initially the FV wil be transaction price. Subsequently we will provide interest if payment is delayed.

Chandan Subudhi

CA Final

★ 12K+

1

23

Ind AS 19 employee benefits

answered 1 day ago

Video N o 33 Illustration 21 RKA Ltd is old company. In this problem expected return is calculated on debited to Fair value of plan asset 1140 *8% . Actual return why no separate entry is passed and why expected return is not reversed after understanding what is my actual return

latest answer

The difference between expected and actual is recognised separately in OCI.

swaminathan sundaram

CA Final

★ 110

1

18

UNION TERRITORY

answered 1 day ago

Where i can see union territory list

latest answer

1. Andaman & Nicobar Islands 2. Lakshadweep 3. Dadra Nagar haveli & Daman and Diu 4. Delhi 5. Jammu and Kashmir 6. Chandigarh 7. Ladakh 8. Puducherry

MONIKAA RAMESHKUMAR

CA Inter

★ 710

2

36

tally

answered 1 day ago

what is the key to go "go to" option. to search report

latest answer

Alt + G

Saniya Balekai

CA Foundation

★ 5

1

27

Wcm

asked 1 day ago

Why discount is not deducted here?discount In old scheme is 160 lakhs*50%*2% right.why it is not comsidered

latest answer

No answers yet!!

Jaggu Achalla

CA Inter

★ 5

0

25

Release of working cap

answered 21 hrs ago

Usually we take release of working cap at end but wanted to understand why do we do that since it is a sunk cost deployed in business and would be utilized in operations right?

latest answer

understood, thanks a lot!

Priyanka Udeshi

CA Final

★ 14K+

4

27

inflation

answered 1 day ago

Sir in this question, ICAI has not adjusted the inflation in each yrs revenue and costs. I understand you'd done it similar to an Illustration solved earlier but how do we interpret whether inflation rates are to be adjusted in the CFs (where real/ nominal is not mentioned)

latest answer

Depends on question if icai does not provide clarity yuu have to make an assumption. In this question too one can assume no inflation and work like icai

Priyanka Udeshi

CA Final

★ 14K+

1

20