IDT Paper Review and MCQ answers | Nov 24 Exam
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17:10...institute in mcq key hasprovided 560500 as answer..please tell wy....is icai answer wrong
They missed subsidy and it’s a mistake in ICAI answer
@@THARUNSBRAINERYno sir....we were supposed to ignore 70000
where can i find the icai mcq key?
@@Aviinashhhh ..... Examination.... Examination Services
All faculties giving different answers 😂. Imagine the plight of students in the exam hall.
Wait for ICAI answers so you will get the clarity
@@THARUNSBRAINERYwhen will that be released sir
I am not understanding one thing that tds u/s 51 is on supplies amount of which exceeds 250000 but it is only 150000 then why u r saying 3000 is tds
250000 is applicable to the 'Contract price'
Here the contract price exceeds 250000
@@sandrasajeevan-p8d tds u/s 51 applies on payment basis so there should be no tds. once next payment is made then tds should be deducted. so ans should be no tds because contract eventhough more than 250000 payment for the same is yet to be made. So, sir shouldn't the TDS be deducted when the next payment is made on the entire amount so far that has been paid like when the payment exceeds 250000 in aggregate?
Bro you are correct
I asking sir in his group
He banned me for chat access
Totally unprofessional nature
Of tarun sir
@@mannpatel2233 bhai reply bhi nhi de rhe iss pr toh bki sbko toh samjha rhe h
I got 24/30 in mcqs
Thank u for ur in detailed explanation for every provision
This attempt i prepared idt from ur books.the books were exceptionally gud tqsm sir......for u r guidance
Sir it is No TDS because in question it mentioned contract of supplies not goods it can be services also you said that it is bill to ship
TDS is applicable in case of services also. Even if you take services the POS is LOR I.e T.N and TDS is applicable
@@THARUNSBRAINERY in case it is service place of supply Karnataka location of supplier Karnataka recepient different state tamilnadu hence no TDS required
@@bharathreddy8296indeed 😢
@@bharathreddy8296 same I told sir in his group
Sir banned me for chat access
Bad behavior of tarun sir
@@THARUNSBRAINERY Bill to ship applicable only on goods
sir tds wale mcq mai aesa kaha mention ke vo taxable supplies of goods hai jo aapne usne bill to ship to consider kr liya h
Plz provide descriptive as well
14 answer given by ICAI is B....I m not understanding why
They missed subsidy point and it’s a mistake in ICAI answer
@@THARUNSBRAINERYsir....this is 15 (2)(e)..... which says...add back subsidy if provided by anyone other than CG/SG....so here....we were not supposed to add back...but we were not supposed to deduct either.... because...it is assumed by default that....550000 do not contain 70000.....
where can i find the icai mcq key?
Hello sir, If the tax dues along with the interest paid by the taxable person before issuance of the showcause notice, then the proceedings shall end there itself. The penalty will not be levied since all the dues are paid before the issuance of show cause notice.
It is there in my books sir and clearly I mentioned that benefit of reduced penalty not applicable in case of self assessed tax. Dear students, please affirm if you have attended my classes whether it is there or not
This also I have given sir and please do check once again as this is core provision I have included this in all my books
Sir pls check penalty will not be levied ...
Penalty will be nill 100%
@@apurvashah5646 I also did penalty not applicable
Sir for Aasam registration limit is 20lakh so co. Should apply for registration till 30th june but company has applied on 25th july therefor effective date of registration will be 30th July and itc will be 40000
Assam 40lakh bro
sir do you think icai making schemes/ key Ans for evaluators and
suggested answers for students will be different? because they will prepare suggested answers after 20 Nov taking inputs from faculties and students, where the evaluation has already started. what are your views?
Yes ICAI key is different from suggested answers and I know many people in my close. Circles are preparing and submitting the key for each subject and many times they take references of various faculties answer explanation videos for preparation of key
Sir, interest should be calculated after deducted itc in itc ledger, not before
That is on account of delay in filing GSTR 3B and not for delay in payment of tax. Please refer Sec 50 properly
Due date of invoice should be the date when goods received by customer i.e 11th Jan, not the date when removed from supplier's place
So date of invoice 10th jan and due date of invoice 11th jan whichever is earlier i.e 10th jan
Other one, when assesse pay the the tax before show cause notice then there is no mandatory penalty, sec 73(11) invoked when show cause notice issued and tax not paid by the assessee so i think it should be Nil.
Please respond sir, is this correct?
First case, as per Sec 31(1) the due date of invoice is at the time of removal
Second case, SCN is not only for recovery of tax but also for levy of penalty for non payment of tax and once section 73 is invoked penalty will come and if the question is about can only 73 be invoked? Then your answer is correct because there are alternative ways also including general penalty under section 125 and notice under section 127
@THARUNSBRAINERY sir in relation to 1st question, there is 1 question in my question bank where goods received date is taken as a due date, so I applied same in exam. So regretting after knows the ans I attempt wrong, based on that question as in my question bank😭
Thanks for replying ☺️
Sir ,provide amendment for may 2025 exam
Sir case scenario 1
Suppose u have a business n u transfer goods to ur brother (who is not dependent)
So now u think u will not be charged any gst?
Yes without consideration why GST will be charged on me
@THARUNSBRAINERY sir its a general practice to take gst on every goods
And if a goods on which itc has been taken then it will be without consideration transfer so covered in schedule 1 para 1 so it will be a supply and as per rule 27 omv will be considered!
Just a thought 🙈
@@THARUNSBRAINERY sir tell
All are tricky mcqs😮
Pls upload descriptive questions also
Sir, incase of penalty where rhe the question asks what would be the penalty u/s 73, the question clearly mentions show cause notice was issued after they have made payment. So, answer should be no penalty
Please refer section 73(11) of CGST Act
@THARUNSBRAINERY yes sir that section says that it will only be invoked if show cause notice is issued which is generally not issued when self assessed tax is not paid even if there is non payment for more than 30 days. As per cubic clarification once notice is issued only then penalty gets imposed.
No penalty will be the answer
Please refer proper sir
@@jineshshah4588 bhai yr I also did no penalty. Ab dekho kya krte h
I also did no penalty dekho kya krte hai yeh log
Security and housekeeping service provide to school is exempted sir ? How it will be FCM
outside school campus.
Service should be provided IN PREMISES, then only exempt, Since service are provided outside school campus, it is taxable
Outside not exempt
Upload descriptive part pls
Sir in last mvq, interest should be calculated on net basis i guess!!
No ji, Interest is calculated on net gst liability only when the outward supply is shown in the same month return which it belongs to. but here Outward supply is shown in different month so interest needs to be calculated on Gross liability only.
Sir CMA inter custom act revision please provide 🙏
Pukhraj gupta only Telugu people will understand hahaha😂😂😂😂, sir nakku telusu mi smile loni marmam
😂😂😂avnu
@@NovahScott why
@@Gazaala-oj6cv Google it
Thanks guru ❤
Sir plz upload descriptive solution also...
🙏🙏