CAclubindia

Queries Replied : 26053

Hi.I am Ramesh Krishnan, Associate Memeber of ICWAI & Certified Management Accountant (CMA) by IMA(USA) Working in Bangalore

Award Winner as " Most effective Expert in Caclubindia-2011" My working style always like,

Take life always as challenge,Think positive,

Give involvement on taken task,Donot divert your concentration from the taken task,

Always target your goals and commitment,Your future always better. Jai hind. Thank you for visiting my profile

To reach me : cma.rameshkrishnan @ gmail.com or send PM for queries & professional help

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shailesh says : Answers to cc test papers icwai final syll-2012
Sir-Require answers to cc test papers icwai final syllabus 2012 if available pls provide. Rgds-shailesh goyal goyalshailesh88@gmail.com

RUSHI GSTM says : Reverse Charge Mechanism Payment
R/Sir, Service Provider: Proprietor Service Receiver: Pvt Ltd.Co. We are a pvt Ltd company receiving service from proprietor firm for Rent a cab scheme operator service. Service Provider is not charging service tax in bill. How much service tax is payable by company under Reverse Charge Mechanism Payment.is 100% or 60%(40%abatement)

Mani says : Closing stock
How to arrive at closing stock??? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and i did sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?

phani ram says : SAP Software capitalization
sir, one of my client implemented sap software in business but it is completed only in few businesses so how can i capitalize them based on number of users or on any other basis

ak mangal says : ST applicable on what amount?
Sir, I have to submit a quotation for a big cooling tower system on LSTK basis. The tender documents term it as 'indivisible contract' but price is to be quoted separately for Materials (Supplies) and Services (erection cost). My question: Is ST lapplicable on total lump sum cost of work or just on the cost of services (i.e., erection price). Please advise urgently. Thanks in advance. akmangal@yahoo.com