Anyone having Corporate & Allied Laws and IDT Solution, Plz Share.
Ca final may-june 2014 solution
CA Kanchan Jha (Finance & Accounts Executive) (493 Points)
23 June 2014
CA Kanchan Jha (Finance & Accounts Executive) (493 Points)
23 June 2014Anyone having Corporate & Allied Laws and IDT Solution, Plz Share.
CMA Thiru
(CA FINAL STUDENT)
(378 Points)
Replied 23 June 2014
Indirect Tax Purely My Answer (i dont know Whether Correct or Not)
Q-2 (a)
(i) 180days +185 days Totally extend to 365 days
(ii) Tendering(Physical Delivery), Registered Post, Speed Post, Courier Approved by CBEC.
Q-2 (b)
(i) Taxable,
(ii) Not Taxable,
(iii) Taxable
Q-2 (c)
(i) 2days Excluding Holidays, Earlier 5 days.
(ii) 90days,
(iii) Rs.100 under section - 27 of the Customs Act
CMA Thiru
(CA FINAL STUDENT)
(378 Points)
Replied 23 June 2014
First question 1(a) my answer Output - 11,53,600 Input goods - 7,00,400 Cap goods 100% - 1,03,000 Duty payable - 3,50,200
Q-1(d) Invoice value Product R- 4,21,875 Product T - 1,34,375 Vat payable Product R - 24,375 Product T - nill
Q-1(e) Assessable Value =>1,00,000*65.20=65,20,000 ( CBEC Rate-Bill of entry Taken) Basic Custom Duty => 65,20,000*15%=9,78,000 (14.12.2013 Rate Taken)
Due Date -> 14, March-2014, ( Warehousing 90 days only Allowed)
Cleared Goods -> 14 May-2014
Late->17+30+14=61days
Interest - 15% P.A Interest = 9,78,000*15%*61/365 = 24,517/-
sudheer
(student)
(32 Points)
Replied 23 June 2014
CMA Thiru
(CA FINAL STUDENT)
(378 Points)
Replied 25 June 2014
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
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CAclubindia
