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Bird’s Eye Professionals
CA Ravi Dhoot
9+ Years of Teaching Experience
‘Ravi Sir Hai Naa’

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CA FINAL IDT MAY 23 SUGGESTED ANSWER:

Alternative Presentation to Q3(b): Answer will remain same as in suggested Ans.

CA FINAL IDT PAPER MAY 23:

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[pavansp]

Thanks a lot for this early suggest answer video with the pdf sir. Its indeed a great help for all of us to assess our performance and plan the next 45 days before results.

[irajatsolanki]

Sir I think your answer For 3b is wrong as in normal case gst liability paid by three recipient of goods thus here we have to calculate profit by taking supply and purchase exclusive of GST and reduce the expenses
Under composition we have to calculate supply other than gst and then purchase would be inclusive of GST then reduce 1% composition tax then remaining expenses thus arriving at profit under composition

[honeyvijay]

OnlyShip demurrage charges paid for chartered vessel should be included ..in the question 2 b it should not be included

[dheerajgupta]

you explained so well sir, it seems May'23 was a below avg.😄😃

[CARaviDhoot]

Q3(b): Since question is not clear about turnover under composition scheme...the given solution in the suggested has been worked out on the basis of assunption that gross turnover i.e. total amount recovered/charged from customers is same under both the schemes i.e. Rs. 90 lacs.

I have also attached an alternative solution based on other assumption...refer the pdf link in the description box.

[sunilprabhu]

Hi in question no 3(b) under composition scheme why haven’t you included gst and thn charged 1% ?

[haseebmaqbool]

3b tax on composition scheme would be on 81 lakhs and not 90 lakhs since it was inclusive of gst.
Please clarify. Turnover amount would be same in both cases. Otherwise it would be 1% on gst component as well.

[chandankedia]

Q1 (g) as per clarification premature termination hai in employer employee relationship, therefore covered in schedule III and not taxable

[athithiyaan]

In Q5(c), it is mentioned in question that he has gone for a solo trip & it means infant is not travelling with him. It is also given that such personal effects are for donation. Still duty free allowed?

[pradipsigdel]

will there be step marking in baggage rule question? since i have given duty free allowance for used personal effects of infant child

[AmarnathKudva-kdwn]

Sir ship demmurage charges of only chartered vessel is includable

[amangupta]

Sir in Q no. 3(b) Since ITC is not available of gst on input, so that will be included in the cost while making decisions?....and hence normal scheme is beneficial

[kunalgupta]

Sir, in question 2(b) it was not given that insurance cost is inadmissible hence adding it may be wrong

[RahulGupta-jn]

Sir thanks but question 3b ur answer is incorrect only for point 1 outward supply in case of trader also it will be 1%of 8035714 ie excluding gst

[varishali]

Sir in Q-1 sr advocate is providing professional services and not legal services on which there is forward charge not RCM

[ranjit]

Used personal effect of infant is not duty free?? Qn 5(c)

[kundanverma]

Sir 2 (a) m Maine sab kuchh thik liya but last Wale point m 50000 ki jagah 25000 liya h jisse 2250 Kam aaya Mera tax liability ( kitne Marks katenge )

[ShubhamAggarwal-hlif]

Q 5(a) no penalty be sir there?
Bcoz👇
Where any person chargeable with tax under sub-section (1) or sub-section (3)
pays the said tax along with interest payable under section 50 within thirty days of
issue of show cause notice, no penalty shall be payable and all proceedings in
respect of the said notice shall be deemed to be concluded.

[azeemmohammed]

I have not taken infant clothes amount and calculated inverted duty structure as a whole😢😢 is my both question is wrong, will i get 0??

[kundanverma]

Sir 5( C ) Maine 15000 minus nahi Kiya but baki sab thik h ( Kitne Marks ) Katenge