IDT by CA Siddhesh Valimbe
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509 photos
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This channel is exclusively for the subject of IDT (Indirect Taxes)! We will be covering MCQs, Audio Notes and much more to help you cover IDT Like Never Before! A lot of other support required for your study journey shall also be provided!
Download Telegram
72 in IDT: Practice Batch Student
It's the entire effort of the student. My role would be hardly 10%.

But that part can help you structure your preparation, have that conceptual clarity to deal with New Questions and ace the IDT paper with Exemption! 🙌

Pre Class Zoom Call: 26 June Friday

Planner Targets would be shared.

Main LIVE QA lectures start: 1 August

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All details discussed: https://youtu.be/f5fLwgK-2U8?si=AG6pphtbOHLvCm7X

Registration Link:
https://www.bbvirtuals.com/product/ca-final-indirect-tax-practice-batch-nov-26-exams-by-ca-siddhesh-valimbe
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1) All those who have taken the Practice Batch: You will get a mail tomorrow with the Telegram Class link. The first zoom session (pre class) would be on Friday night.

2) One of the most common used resources amongst many Rankers and Top Scorers was our Telegram MCQs.

We are starting Definitions and Supply MCQs tomorrow!

Be ready..! These won't be easy. So mistakes will help you learn things. Take it positively!
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Can't express this feeling in words.

I am so proud of all our students! 💙

Many many of them I was connected to personally throughout the journey!

IDT like Never Before 🙌
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On to our next target: Nov 26! 🎯🤞
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Q: Which of the following is not a non-taxable item under GST?
Anonymous Quiz
13%
Diesel
6%
Aviation Turbine Fuel
51%
Denatured ENA (industrial use)
30%
Alcohol for human consumption
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Q: Ballu's turnover of intra state exclusive goods has crossed 40 Lacs. Ballu is a taxable person. True or false?
Anonymous Quiz
88%
True
12%
False
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Q: A rare collectible coin (not used to settle obligation to pay in transactions) is a "good" under GST.
Anonymous Quiz
72%
True
28%
False
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Q: Insurance Claim is a "good" as per the GST Law.
Anonymous Quiz
46%
True
54%
False
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Q: For any supply to be a composite supply under GST, there is a condition that there should be a "single price" for it.
Anonymous Quiz
47%
True
53%
False
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Q: I brought a AC, TV and a microwave from Reliance Digital. One invoice was made. I paid the total. Which type of supply is this?
Anonymous Quiz
2%
Composite. Principal element rate shall apply
27%
Mix. Highest tax rate shall apply
71%
Neither. It's a case of single invoicing. Individual tax rates shall apply
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So we are planning approx 3 MCQs per day. We have time.. so 3 is enough.

Solve these properly. Mostly, these won't be straightforward simple questions.

Mark your mistakes in your IDT Register.

Over the period - your concepts will feel strong, Question reading and interpretation shall improve!

Happy Learning! 💙
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If any of you have got IDT answer sheet and you expected 60+ but got 40s or lower, send it to me.

I will be making a learning video for this issue as we had many people feel they didn't get the marks they thought of.
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Will be sharing a IDT Planner today evening!

Also things to take care of for targeting 24/26 at least in MCQs because that has been a major reason for low scores in IDT.

Also, the mindset and prep required for handling New Questions.

Because let's face it. New Questions are going to be a part of our papers going forward.

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Will share the Planner PDF by 4 pm. Take a print. And then watch the discount as you might need to note certain things down.
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Discussion*
Q: Aman's car met with an accident. He got it repaired from Astha Garage Co. Invoice was issued and amount paid. Since Aman had an insurance policy taken from Tata General Insurance, his amount was re-imbursed. Who is the recipient of repairs service?
Anonymous Quiz
32%
Aman
28%
Tata General Insurance
40%
Will depend upon in whose name invoice is issued
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Q: A Ltd. Holds 26% equity in B Ltd. Are they related persons under GST? Note that A Ltd doesn't have any other decision making power in B Ltd business.
Anonymous Quiz
44%
No
56%
Yes since it's at least 25%
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