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
👍25❤12
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
👍24❤13😍3💯2
👍11❤7🔥3
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
👌15❤8🔥3🥰2💯2
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
👍9❤5🔥2
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! 💙
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! 💙
❤228👍19🙏8🤩1
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.
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.
❤17
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.
****
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.
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.
****
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.
❤68👍2
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
👍22❤12🔥4
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%
👍12❤8🔥8👏2
Q: Who is not a family from below under GST?
Anonymous Quiz
13%
Independent son
1%
Independent spouse
74%
Dependent Father of spouse
12%
Dependent brother
👍12❤10👌1
Q: Astra Pipes Ltd. has principal place of business in Pune, MH. And Additional Place of Business in Mumbai, MH. Stock transfer from Pune place of business to Mumbai without consideration is a supply.
Anonymous Quiz
38%
True
62%
False
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Q: A is a DCA (del credere agent) of P. A sold goods to C. Invoice issued in the name of P. C defaults. A pays to P on C's behalf and is treated as a loan by A to C. Interest is charged on the loan as well. Which is the incorrect statement?
Anonymous Quiz
27%
Loan by A to C is an independent supply on principal to principal basis
14%
Interest is not a part of the valuation of goods by P to C
23%
Interest is exempt from GST in this case
37%
None. All are correct.
❤23👍9🔥2
Q: Import of architectural services for a consideration for home renovation is a supply under GST?
Anonymous Quiz
60%
Yes
29%
No. It's not for business.
10%
Can't answer. Need to know from whom it's being imported.
1%
Can't answer. Need to know the amount of consideration.
❤20🔥1
Just a note. Detailed technical questions - don't skip. I see people attempting number drop in technical questions.
That's where you note the minute points. This is how you stay in touch with this subject over the long term.
Solve honestly. You will understand the benefit of these daily questions when you sit for exams.
Compounding effect aega. 💙
That's where you note the minute points. This is how you stay in touch with this subject over the long term.
Solve honestly. You will understand the benefit of these daily questions when you sit for exams.
Compounding effect aega. 💙
❤70🔥12💯1
I am recording a discussion with our Regular Batch Student - Who scored 85 in May 26 IDT Paper.
We will be focusing on small different things she practiced during her preparations for IDT.
It won't be a typical general discussion.
Anything you would want to ask her? Let me know. Will try to cover.
We will be focusing on small different things she practiced during her preparations for IDT.
It won't be a typical general discussion.
Anything you would want to ask her? Let me know. Will try to cover.
❤33
Q: Mr. Aman and Mr. Boman are employees of Yugam Infra. Aman is a permanent employee. Boman is a casual employee. Both draw salary. Whose transaction is a supply under GST?
Anonymous Quiz
2%
Aman's
10%
Boman's
13%
Both
75%
Neither
❤15