Please answer the above MCQ
Anonymous Poll
6%
New Delhi only
5%
Sikkim only
32%
Both New Delhi and Sikkim
57%
No registration required at all
The correct answer is (D) - No.need for registratiom
Many students opted for (c) just by reading the word ECO. But the thing was that assessee was providing 'services' through ECO and not goods. In case of services not covered by 9(5) we have an exemption under sec 23. So sec 24 read with that exemption makes registration requirement only if Aggregate turnover exceeds 20L/10L. Accordingly no registration required.
Many students opted for (c) just by reading the word ECO. But the thing was that assessee was providing 'services' through ECO and not goods. In case of services not covered by 9(5) we have an exemption under sec 23. So sec 24 read with that exemption makes registration requirement only if Aggregate turnover exceeds 20L/10L. Accordingly no registration required.
I knew many students would make the mistake and around 42% students actually made that mistake.
Thats the thing to take care of. Read the question carefully, think abt all possible.sections that can apply and then answer. If u jump to conclusions, examiner would trap u
Thats the thing to take care of. Read the question carefully, think abt all possible.sections that can apply and then answer. If u jump to conclusions, examiner would trap u
The answer for above MCQ is
Anonymous Poll
24%
90,00,000
16%
1,00,00,000
7%
1,18,00,000
53%
1,05,00,000
The answer to above MCQ is (D)...
This is a very nice question since it involves 2 different chapters. Firstly as per section 15, excise duty and freight would be added to value of goods. Secondly, the definition of aggregate turnover makes it clear that any inward supplies subject to RCM would not be covered under aggregate turnover.
This is a very nice question since it involves 2 different chapters. Firstly as per section 15, excise duty and freight would be added to value of goods. Secondly, the definition of aggregate turnover makes it clear that any inward supplies subject to RCM would not be covered under aggregate turnover.
The answer for above question is
Anonymous Poll
8%
2nd May 2019
73%
5th May 2019
14%
6th May 2019
5%
7th May 2019
Thr correct answer is B
As per updated provisions, time of supply in case of goods arises at earlier of following two dates:-
1) Date of issue of invoicre
2) Last date of issuing invoice as per sec 31
As per sec 31, in case of goods, Invoice has to be issued before the dispatch of goods.
Accordingly, in above case Time of supply will be 5th May 2019 i.e. the date when the goods are dispatched for delivery.
As per updated provisions, time of supply in case of goods arises at earlier of following two dates:-
1) Date of issue of invoicre
2) Last date of issuing invoice as per sec 31
As per sec 31, in case of goods, Invoice has to be issued before the dispatch of goods.
Accordingly, in above case Time of supply will be 5th May 2019 i.e. the date when the goods are dispatched for delivery.
Hey guys..many students are se ding me doubts abt these two questions that their answer is wrong
Yes, by mistake their answer sequence has been written wrong
Answer for 1 would be c
And for 2 would d
Yes, by mistake their answer sequence has been written wrong
Answer for 1 would be c
And for 2 would d
There were few doubta abt Gratuity limit and other amendments of Income tax given in RTP. Have clarified on all these points in this video. Pls spare few minutes and do watch this video
Hey Guys. Hope ur preparation going on well. All the very best for your 1st exam tomorrow. Stay relaxed, stay chilled. I know it feels ki taiyaari achi nahi hui, kaash 1 din aur mil jata...but its always the case with everyone..just give ur best with whatever u have learnt in all these months
Take care of 2-3 things
1) Spare 5 minutes and read instructions in admit card. I know u all have already appeared for Foundation exams and u people know stuff. But certain things are different in Inter so just read once
2) Make best use of ur 15 minutes that u get for reading the paper. Make ur strategy of which questions to attempt first based on reading of paper in those 15 min. I always suggest start with questions u know best so that after 1 hour u can b sure that u have attempted 30-35 marks paper in best way. That assurance will give u immense positive energy in rest of 2 hours
3) And finally dont discuss abt exam after it is over. Just dont talk to friends, no youtube abt analysis of that paper (if any faculty uploads any analysis video). Our only focus should be on next exam
Take care of 2-3 things
1) Spare 5 minutes and read instructions in admit card. I know u all have already appeared for Foundation exams and u people know stuff. But certain things are different in Inter so just read once
2) Make best use of ur 15 minutes that u get for reading the paper. Make ur strategy of which questions to attempt first based on reading of paper in those 15 min. I always suggest start with questions u know best so that after 1 hour u can b sure that u have attempted 30-35 marks paper in best way. That assurance will give u immense positive energy in rest of 2 hours
3) And finally dont discuss abt exam after it is over. Just dont talk to friends, no youtube abt analysis of that paper (if any faculty uploads any analysis video). Our only focus should be on next exam