In the context of recent developments, what is the convergence of Ind-AS with? MCQ with Answer and Explanation

S1: Under GST, the time of supply for goods under the Reverse Charge Mechanism (RCM) is the earliest of the date of receipt of goods, date of payment, or date of invoice. S2: For services under RCM, the time of supply is the date of payment or the date immediately following 60 days from the date of invoice, whichever is earlier. Which statement(s) is/are correct?

The 'Journal Proper' is used to record:

The maximum rate of IGST under GST Act can be: