May 27 - Regular Batch
Starts today @ 6 PM
Pre booking price till 2 more days only.
Registration at: www.bbvirtuals.com
Starts today @ 6 PM
Pre booking price till 2 more days only.
Registration at: www.bbvirtuals.com
❤10
Q: If I am registered under composition scheme, I don't need to comply with the RCM provisions.
Anonymous Quiz
24%
True
76%
False
❤22👍4🎉1
Q: I supply goods and services.
If I am eligible to opt for 10(1) i.e. goods composition scheme, but I have not opted for it - I can opt for 10(2A) composition scheme of services.
If I am eligible to opt for 10(1) i.e. goods composition scheme, but I have not opted for it - I can opt for 10(2A) composition scheme of services.
Anonymous Quiz
39%
Valid
61%
Invalid
❤21🔥8🥰1😁1🎉1
Q: GST charged on input supplies is a cost for a composition scheme registered person.
Anonymous Quiz
89%
True
11%
False
❤20🎉1
Q: Khanna Ji is a trader of aerated waters. Can he register under composition scheme?
Anonymous Quiz
42%
Yes
58%
No
❤18🔥12😁4🎉3
Q: I am a registered person. I wish to go under composition scheme today. From when Can I enter the composition scheme ?
Anonymous Quiz
67%
1 April 2027
3%
1 Jan 2027
12%
1 Aug 2026
18%
17 July 2026
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❤28🔥11🎉1😍1💯1
Q: Plastic Surgery performed by Mr. Vikalp Gupta (based in Pune) in a Delhi Hospital on Mr. Kabir Khan (Actor based in Mumbai). Mr. Khan is registered under GST. POS?
Anonymous Quiz
10%
Pune - MH
19%
Mumbai - MH
71%
Delhi
❤13🔥7👍6🎉1
Q: Air Asia (Airlines, reg in HR) gave a golden ticket which entitles me (registered in Pune) to avail any 5 domestic tickets in next 5 years. POS?
Anonymous Quiz
46%
Apply 12(2) since embarkation point is unknown
38%
Apply 12(9) - POS is Pune, MH
10%
Apply 12(9) - POS is HR
6%
None of above
🔥54❤11💯5🎉2
Q: A circuit (telecom) is laid from State A to State B, with an intermediate point in State C - from where there is no benefit available. POS of this Supply shall be which state? What Ratio? (Contract agreement is silent)
Anonymous Quiz
50%
A and B: Ratio 1:1
38%
A, B and C: in ratio 1:1:1
11%
Only A: that is the starting point
1%
Whatever the supplier seems fit
❤12👍10
Q: Mr. Anil (Pune) gave interior designer services to Mr. Mehta (Dubai) w.r.t his property in Portugal. POS ?
Anonymous Quiz
15%
Dubai
16%
Pune
59%
Portugal
10%
Non taxable
❤16👍5😁1🎉1
Rule 3: IGST Rules w.r.t services to the government [sec 12(14)]- pls do it properly.
Is one of the overlooked aspects.
Once a question came a few years back.
Can be repeated.
Is one of the overlooked aspects.
Once a question came a few years back.
Can be repeated.
👍69❤23
Many have asked for amendments compilation.
I am waiting for the ICAI publication.
I don't want to issue and then write "subject to ICAI notification".
Let it come. Will cover it thoroughly with impact on Questions as well.
****
✅ Revisions start sooon! :)
✅ IDT practice batch starts on 1 August - the main QA lectures. Do check if interested! :)
I am waiting for the ICAI publication.
I don't want to issue and then write "subject to ICAI notification".
Let it come. Will cover it thoroughly with impact on Questions as well.
****
✅ Revisions start sooon! :)
✅ IDT practice batch starts on 1 August - the main QA lectures. Do check if interested! :)
❤80👍27💯2
Q: Karavs Trades (Germany) sent goods for repair to PRA Repairs (Pune). Goods were repairs. Used for the purpose required for repairs, and then sent back. Legally, this shall be which type of a supply?
Anonymous Quiz
30%
Intra (POS is Pune)
70%
Inter
❤10🎉1
Q: Online Gaming provided by a supplier abroad to a recipient in India. RCM or FCM?
Anonymous Quiz
23%
RCM
43%
FCM
27%
FCM if Rec is unregistered
7%
FCM if Rec is registered
❤17👍2
IDT Paper Presentation Guide
- Bad Handwriting costs marks?
- Some issues I observed in "notes" of answers which resulted in Marks Deduction
Don't miss. Can genuinely help you increase the score! :)
- Bad Handwriting costs marks?
- Some issues I observed in "notes" of answers which resulted in Marks Deduction
Don't miss. Can genuinely help you increase the score! :)
❤8
Q: Service of testing of samples by ESDM Company (Electronic Semi Conductor Design Mfr) to foreign clients - which are as per their developed software and design: Won't be taxed separately.
Anonymous Quiz
81%
True, part of composite supply
19%
False
❤9🎉2
Amendment of 13(8), IGST
Clause (b) dealing with Intermediary has been omitted
✅ Effect: Intermediary service POS shall be determined as per 13(2)
✅ Exam Impact:
- If intermediary abroad and Rec in India: RCM applicable for the Rec as pos may be loc of R (if address available for S)
- If intermediary in India and Rec abroad: Can fall under "export of services" - provided other conditions are fulfilled
Note: Most probably, this shall be notified by the ICAI. But still we will check it once the publication is out.
Clause (b) dealing with Intermediary has been omitted
✅ Effect: Intermediary service POS shall be determined as per 13(2)
✅ Exam Impact:
- If intermediary abroad and Rec in India: RCM applicable for the Rec as pos may be loc of R (if address available for S)
- If intermediary in India and Rec abroad: Can fall under "export of services" - provided other conditions are fulfilled
Note: Most probably, this shall be notified by the ICAI. But still we will check it once the publication is out.
❤49👍13