Here is Portfolio page of Chiranjibi, with all his work

What is the meaning of “Impairment of Assets”?

An impaired asset is a company's asset that has a market price less than the value listed on the company's balance sheet. Accounts that are likely to be written down are the company's goodwill, accounts receivable and long-term assets because the carrying value has a longer span of time for impairment.
In other words, besides charging annual depreciation on assets by the reason of normal wear and tear, afflux ion of time and obsolescence to re-instate the correct value of the assets considering the future cash flows that the assets can generate, impairment loss needs to be provided. The difference between the carrying amount of an asset and recoverable amount is termed as impairment loss. The treatment of impairment loss is similar to depreciation except the fact that it can be re-instated in future, if the recoverable amount of the asset exceeds the carrying amount. The auditor must ensure that the provisions of AS 28 “Impairment of Assets” are followed.
What is the meaning of Best-cost provider strategy.

Best-cost provider strategy is one of three generic marketing strategies (see differentiation strategy and focus strategy for the other two) that can be adopted by any company, and is usually employed where the product has few or no competitive advantage or where economies of scale are achievable with higher production volumes.
Best-cost provider strategy involves providing customers more value for the money by emphasizing low cost and better quality difference. It can be done:
(a) through offering products at lower price than what is being offered by rivals for products with comparable quality and features or
(b) charging similar price as by the rivals for products with much higher quality and better features.
What does the "place of business" mean? Can any other place, other than a place where a person maintains his books, be a place of business?
“place of business”, as defined under GST includes the following places:
1. a place from where the business is ordinarily carried on, and includes a warehouse, a godown or any other place where a taxable person stores his goods, supplies or receives goods or services or both; or
2. a place where a taxable person maintains his books of account; or
3. a place where a taxable person is engaged in business through an agent, by whatever name called;
So, to answer your question, a place other than where the books are kept, can be the place of business if it meets the requirements mentioned in points 1 and 3
Notices for reversal of ITC under Section 16(4) of Central Goods and Service Ta…
Mar. 04, 2021
Assessee Appeal — Assessee filed application for reversal of input tax credit along with interest as per section 16(4) of Central Goods and Service Tax Act, 2017 — Held, notice had been issued to authority concern — Matter Listed.
How do I know whether a company is authentic or not? I am asking this because I have seen some people who said their company is not registered at all and they are still running the business.
Is there any way to know if a company is registered? If yes, what other information about the company can be availed?

jx kz jk
Please explain how Prosecution is done Under GST?
The prosecution is conducting legal proceedings against someone in respect of a criminal charge.
A person committing an offense with the deliberate intention of fraud, becomes liable to prosecution under GST, i.e., face criminal charges.
A few examples of these offenses are-
- Issue of an invoice without supplying any goods/services- thus taking input credit or refund by fraud
- Obtaining refund of any CGST/SGST by fraud
- Submitting fake financial records/documents or files, and fake returns to evade tax
- Helping another person to commit fraud under GST
How many e-way bills are required to be generated to ship a consignment to a customer involving multiple transporters (having different Transporter IDs) in between? How will the one invoice-one e-way bill validation be complied here since end customer is only one?

One e-Way bill needs to be generated against the Invoice. Above situation is known as “Transshipment”.

Transporter can also re-assign another transporter by updating transporter ID on the eway bill portal. Once transporter re-assigns another transporter, seller cannot make any changes to assigned transporter.

So, the user has to generate different delivery challans against the invoice based on the different Transporter ID, because different e-way bills against a single invoice is not possible and will also cause the problem in populating the data in the GSTR-1
Please enlist the functions of a Management Information System.
MIS basically has the following functions:
- Capturing of Data
- Storage of Data
- Processing, calculation and analysis of Data
- Distribution of Data
- Prediction/ Forecasting of Data based on Trends
My tenant paid me the rent of march - July on 2nd August, 2018. I will show the income from april to july in my ITR. What about the rent for last year (march)?

You will treat this income as the income of the current year.

For Clarification:
The amount received on account of arrears of rent (not charged to tax earlier) will be charged to tax after deducting a sum equal to 30% of such arrears.
It is charged to tax in the year in which it is received. Such amount is charged to tax whether or not the taxpayer owns the property in the year of receipt.
What are the implications of GST on rent paid by a registered person to an individual?

GST is applicable on renting of Immovable property for commercial purpose at the rate of 18%. If the person to whom you are paying rent is not registered under GST, then you are required to pay GST to the Government under Reverse Charge Mechanism. If the person to whom you are paying rent is registered, then they will charge GST on tax invoice issued by them.