QB-D1GST – value of supply (subsidy, recipient-paid amount, insta
8 marks hard
Prithviraj Pvt. Ltd., a registered supplier, is engaged in manufacturing heavy steel fabrication machine. The details pertaining to pricing of each such machine are as follows:
(i) Price of the machine (exclusive of taxes and discounts): ₹5,50,000
(ii) Part fitted in the machine at the premises of the recipient: ₹20,000 [Amount paid by recipient directly to the supplier; however, it was Prithviraj Pvt. Ltd.'s liability to pay the said amount.]
(iii) Installation and testing charges at the premises of the recipient: ₹25,000
(iv) Subsidy received from Shri Ram Trust: ₹50,000 [Subsidy is directly linked to the price of the machine]
Items in points (ii) to (iv) have been excluded while arriving at the price in point (i). The contract includes installation and testing of machine at the recipient's premises.
Prithviraj Pvt. Ltd. made supply of 10 such machines in July. Details of purchases/services availed during the month:
(1) Raw material (to be received in September): ₹10,00,000
(2) Membership of a club availed for employees working in the factory: ₹6,00,000
(3) Trucks used for transport of raw material: ₹3,50,000
(4) Capital goods (out of 3 items, invoice for 2 items is missing; GST paid on those two items is ₹18,000): ₹7,00,000
Compute the net GST payable in cash by Prithviraj Pvt. Ltd. for the given month assuming all inward and outward supplies are intra-State. Applicable rates: CGST 9%, SGST 9%, IGST 18%. All conditions for ITC have been fulfilled. Opening ITC balance is Nil.
QB-D2(a)GST exemptions – sports body services, metered cab through E
4 marks medium
State with reasons, whether GST is payable in the following independent cases:
QB-D2(b)GST composition scheme – manufacturer vs trader tax rates, t
6 marks medium
Swaminathan started the business of supplying shoes in the State of Kerala from 1st April. He makes only intra-State supplies. His turnover for April–June quarter was ₹20 lakh and for July–September quarter was ₹100 lakh. Further, one-fourth of his total turnover in each of the quarters was exempt from GST. Being eligible for composition scheme, Swaminathan got himself registered under the composition scheme with effect from 1st July. Compute the tax payable by Swaminathan under composition scheme assuming that he is a manufacturer. Will your answer be different if Swaminathan is a trader?
QB-D3(a)GST registration – threshold limits, special category states
6 marks medium
Examine whether the supplier of goods is liable to get registered in the following independent cases:
QB-D3(b)GST – job work provisions, delivery challan vs tax invoice f
4 marks medium
Manmohan Textiles has to send cloth for dyeing to its job-worker. It wishes to know whether it needs to issue a tax invoice at the time of sending the goods to job-worker. You are required to advise it with reference to the provisions of the CGST Act.
QB-D4(a)GST ITC – conditions under section 16 of CGST Act, 2017
5 marks medium
Enumerate the conditions necessary for availing ITC under GST law.
QB-D4(b)GST annual return – GSTR-9, who must file, due date, self-ce
5 marks medium
Elaborate the provisions relating to annual return contained under section 44 of the CGST Act, 2017.
QB3GST – composite vs mixed supply, highest rate applicable
2 marks hard
Case: Purvi, registered under GST in the State of Madhya Pradesh, is engaged in supplying a bouquet of taxable goods and services. She has undertaken following activities/transactions in the month of October in the current financial year: (i) Donated some money to Divyaprakash Charitable Trust, Madhya Pradesh, in the memory of her late father. The Divyaprakash Charitable Trust constructed a room in the school run by it from such donation and wrote 'Donated by Miss. Purvi in the memory of her father' on the door of the room so constructed. (ii) Organized a seminar in Indore which was sponsored by WE-…
Determine the nature of supply and the applicable rate of GST for the packages supplied by Purvi to Bindusar Public School.
(A) composite supply & applicable rate of GST is 12%
(B) mixed supply & applicable rate of GST is 18%
(C) composite supply & applicable rate of GST is 18%
(D) mixed supply & applicable rate of GST is 12%
QB4GST – identification of exempt supplies, farm labour, music
2 marks hard
Case: Purvi, registered under GST in the State of Madhya Pradesh, is engaged in supplying a bouquet of taxable goods and services. She has undertaken following activities/transactions in the month of October in the current financial year: (i) Donated some money to Divyaprakash Charitable Trust, Madhya Pradesh, in the memory of her late father. The Divyaprakash Charitable Trust constructed a room in the school run by it from such donation and wrote 'Donated by Miss. Purvi in the memory of her father' on the door of the room so constructed. (ii) Organized a seminar in Indore which was sponsored by WE-…
Out of all the payments received by Purvi in the month of October, value of exempt supply amounts to _____.
(A) ₹4,30,000
(B) ₹70,000
(C) ₹1,20,000
(D) ₹2,20,000
QB5GST – value of supply, inclusion of TCS under Income Tax Act
2 marks hard
Case: Purvi, registered under GST in the State of Madhya Pradesh, is engaged in supplying a bouquet of taxable goods and services. She has undertaken following activities/transactions in the month of October in the current financial year: (i) Donated some money to Divyaprakash Charitable Trust, Madhya Pradesh, in the memory of her late father. The Divyaprakash Charitable Trust constructed a room in the school run by it from such donation and wrote 'Donated by Miss. Purvi in the memory of her father' on the door of the room so constructed. (ii) Organized a seminar in Indore which was sponsored by WE-…
The value of supply of machinery supplied by Purvi is ________.
(A) ₹45,000
(B) ₹47,500
(C) ₹48,500
(D) ₹51,000
QB6GST ITC – blocked credits on motor vehicles and outdoor cate
2 marks easy
Medhavi Industries, engaged in manufacturing of taxable goods, purchased cars for official use of its employees. Amount of GST paid on purchase of the cars amounted to ₹2,80,000. It also availed outdoor catering services for a marketing event organised for its prospective customers. Amount of GST paid on said services was ₹18,000. Compute the total amount of ITC that can be claimed by Medhavi Industries.
(A) ₹2,98,000
(B) ₹18,000
(C) ₹2,80,000
(D) Nil