🔰IT Act Section and Punishment
Important for MCQ

Trick:- 66E- Employees- Data privacy ka violation krte h...


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Don't miss this ☝️

Thanks to Mayank Parihar who noted all from Marathon Lecture.
Toddd LDR
*Chapter-1*
_*Automated Business Prcesses*_

_Which Process should be automated, Challenges Involved in BPA, Risk Management (Terms, Benefits of Enterprise Risk Management, Components of Enterprise Risk Management), Regulatory & Compliance Requirements_

*Chapter-2*
_*Financial & Accounting Systems*_

_Why Master & Non-Master Data, Voucher Number, Risk & Controls, Controlling Module, Objectives of Plant Maintenance Module, Data Analytics & Business Intelligence, Types of Data Analytics Applications, Inside the Data Analytics Process, Reasons for Business Intelligence, Benefits of Business Intelligence_

*Chapter-3*
_*Information Systems & It's Components*_

_Types of Network, Concepts of Network, Network Access Control, Operating System Access Control, Application & Monitoring System Access Control, Top Management & Information Systems Management Controls, Systems Development Management Controls, Programming Management Controls, Boundary Controls, Batch Controls, Processor Control, Database Controls, Communication Controls, Need for Control & Audit of Information Systems, CAT(Continuous Audit Techniques)_

*Chapter-4*
_*E-Commerce, M-Commerce, & Emerging Technologies*_

_Disadvantages of E-business, Trends in E-commerce, Cloud Computing(CC Model, Pertinent Issues), Green Computing, Virtualization, Grid Computing(Security Concerns)_

*Chapter-5*
_*Core Banking Systems*_

_Key Factors, Internal Control System in Banks, Components & Architecture of CBS(Key Modules or Components of CBS, Information Security(Process Description)_

Thank to Mayank Parihar who noted from SM Marathon.
Toddd LDR
*Chapter-1*
*_Introduction to Strategic Management_*

_Partly proactive and partly reactive, Importance of Sm, Limitations of Sm, Sm in govt. & Non-profit Organization_

*Chapter-2*
*_Dynamics of Competitive Strategy_*

_Methods OR Factors OR Issues to be Considered While Performing Industry & Competitive Analysis, Key Success Factors for Competitive Success, Core Competencies, Value Chain Analysis, Competitive Advantage, BCG Matrix, Ansoff's Matrix, ADL Matrix, GE Matrix,_

*Chapter-3*
*_Strategic Management Process_*

_Dimensions of Strategic Decisions, Elements of Strategic Vision, Essentials of Strategic Vision, Why an Organization should have a mission_

*Chapter-4*Todd
*_Corporate Level Strategies_*

_Types of Growth/Expansion Strategy, Reasons for Stability/Growth OR Expansion/Retrenchment/Combination, Characteristics can be read at once for understanding_

*Chapter-5*Toddd
*_Business Level Strategies_*

_Common Barriers to new entries, when will rivalry among competitors tends to cutthroat and industry profitability low, Cost leadership Strategy, Differentiation Strategy, Focus Strategy_

*Chapter-6*
*_Functional Level Strategies_*

_Marketing Mix, Price, Promotion, Logistic Strategy and Supply Chain Management Strategy, Additional question of HR(Naya h vaha)_

*Chapter-7*
*_Organisation & Strategic Leadership_*

_Organisation Structure( Any one out of 8 but emphasis on Matrix Structure)
Leadership

*Chapter-8*
*_Strategic Implementation & Control_*

_Types of Strategic Control, Strategy Audit need and criteria, where BPR can be performed, Steps in BPR_

EISSM LDR by Amit Tated Sir ☝️☝️

All the Best

🔰Crux of EFF Theory Discussion in Our Group

Compiled by:- Sahil

1. Illustrate with an example the redistribution effect of a tax and transfer
policy.

Tax ....
Tax is chargeable as per the Income basis ...
Higher the income higher the tax .....
With the help of tax as income government can function its redistribution function smoothly and can give free rashans etc. to low income people

2. Describe the rationale for the stabilization function of government policy.

Amplified business cycles
Left to itself market do not results in full employment and price stability

3. What do you understand by externalities.

Also called spill over or 3rd party effect
Cost of actions of an individual is borne by someone else

Externalities can be positive and negative..
Negative = action of one party imposes cost on another party..
Positive= action of one party confers benifit of another party

4. Market failure
It is a situation where the free market forces fails to allocate resources effectively and efficiently and results into either overproduction or underproduction of goods or service . 😂😂Leading to less than optimal market outcome

5. How do public goods cause market failure

Imperfect information
Seller knows more
Buyer knows more

Lead to adverse selection nd moral hazard

6.Objectives of fiscal policy

Price stability
Economic development
Full employment
Equitable distribution of income and wealth

7. What is reverse repo and repo rate right now?
3.35% & 4%

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Exam over 😁👍

Hello All 🙋‍♂
Here is some Important Update for All of You...

For May22 CA Inter Students- You will get all updates here as usual ( @CaInterRocks )

For CA Final Students:- @CaRocksFinal

For Stock Market Discussion you can Join here:- https://t.me/TradingRockerz

❤️❤️❤️

*Important changes in GST Law effective from January 1st 2022*


1. *New GST Compliance obligation for providing restaurant Services on E-Commerce Operators*

All the E-Commerce Operators providing “Restaurant Services” will be liable to pay GST on such services instead of the hotel suppliers. The GST @ 5% will be paid by such e-Commerce Operators like Zomato, Swiggy, etc.

2. *Blocking of GSTR-1 for non filing of GSTR 3B:-*

GSTR-1 return filing facility will be blocked if a registered Taxpayer have not submitted the return in FORM GSTR-3B for the previous two return periods. For example, if a taxpayer has not filed GSTR-3B for October 2021 and November 2021, the GSTR-1 filing facility will be blocked from the 1st January 2022.

3. *GST Provision related to communication of Details of invoice or debit note to the recipient:-*
The provisions of Section 16 of the CGST Act has been amended wherein sub-section (2), after clause (a), the clause has been inserted, namely “(aa) the details of the invoice or debit note referred to in clause (a) has been furnished by the supplier in the statement of outward supplies and such details have been communicated to the recipient of such invoice or debit note in the manner specified under section 37. This will ensure validated credit by the recipient before availing the same.

4. *Correction in Inverted Duty structure in Footwear and Textiles sector:-*
The GST Council recommended to introduce GST rate changes from January 2022 in order to correct the inverted duty structure in the Footwear and Textile Sector. All footwear, irrespective of prices will attract GST at 12 percent, while barring cotton, all textile products including readymade garments will have GST at the rate of 12 percent.

5. *Self-assessed tax shall include the tax payable in respect of details of outward supplies*

In the Provisions of section 75, in sub-section (12), a new Explanation has been inserted, namely “For the purposes of this subsection, the expression “self-assessed tax” shall include the tax payable in respect of details of outward supplies furnished under section 37, but not included in the return furnished under section 39.” *So whatever is declared in the Statement of Outward supply i.e., GSTR-1 shall also be treated as a Self-Assessed liability.*

6. No appeal to be filed against section 129(3) order, unless a sum equal to 25% of the penalty is paid:-

Under Section 107, sub-section (6), has been amended with an insertion of new proviso, namely “Provided that no appeal shall be filed against an order under sub-section (3) of section 129, unless a sum equal to twenty-five percent of the penalty has been paid by the appellant.” This will add additional compliance burden in respect of penalties imposed in the Adjudicating Orders while filing appeals.

7. *Rules related to Mandatory Aadhaar authentication for GST Refund & Revocation application:-*

Aadhaar authentication with the GSTIN for claiming GST Refunds (all types of refunds and irrespective of the amount of claim involved) and Revocation application has been made Mandatory and are to be effective from 1 January 2022.

📚CA INTER ACCOUNTS DEC 21 SUGGESTED ANSWERS
By CA IQTIDAR MALIK Sir

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