QGST-1(I)GST – import of services; free of cost supply for business;
0 marks hard
Case: Mr. Mandeep, a registered dealer, is doing building material business in the State of Assam. He availed architect services for his business from his friend in London free of cost. He also availed designing services from his brother in London for ₹5 Lakhs for his personal purposes. He availed services which are liable to tax under reverse charge for which date of invoice was 01.09.20XX, payment date as per his books of account and as per his bank account was 15.11.20XX and 18.11.20XX respectively. His turnover for the current financial year is as follows: Taxable supply of goods – ₹55 Lakhs; Ex…
In respect of services imported by Mr. Mandeep, which of the following is a correct statement?
(i) Architect services for his business from his friend in London free of cost is considered as a supply
(ii) Designing services from his brother in London for ₹5 Lakh for his personal purposes is considered as a supply.
(iii) Architect services for his business from his friend in London free of cost is not considered as a supply
(iv) Designing services from his brother in London for ₹5 Lakh for his personal purposes is not considered as a supply.
(A) i & ii
(B) i & iv
(C) ii & iii
(D) iii & iv
QGST-1(II)GST – time of supply for services under reverse charge
0 marks hard
Case: Mr. Mandeep, a registered dealer, is doing building material business in the State of Assam. He availed architect services for his business from his friend in London free of cost. He also availed designing services from his brother in London for ₹5 Lakhs for his personal purposes. He availed services which are liable to tax under reverse charge for which date of invoice was 01.09.20XX, payment date as per his books of account and as per his bank account was 15.11.20XX and 18.11.20XX respectively. His turnover for the current financial year is as follows: Taxable supply of goods – ₹55 Lakhs; Ex…
The time of supply of services, received by him and taxable under reverse charge, is
(A) 01.09.20XX
(B) 01.11.20XX
(C) 15.11.20XX
(D) 18.11.20XX
QGST-1(III)GST – computation of aggregate turnover; inward RCM supplies
0 marks hard
Case: Mr. Mandeep, a registered dealer, is doing building material business in the State of Assam. He availed architect services for his business from his friend in London free of cost. He also availed designing services from his brother in London for ₹5 Lakhs for his personal purposes. He availed services which are liable to tax under reverse charge for which date of invoice was 01.09.20XX, payment date as per his books of account and as per his bank account was 15.11.20XX and 18.11.20XX respectively. His turnover for the current financial year is as follows: Taxable supply of goods – ₹55 Lakhs; Ex…
Aggregate turnover of Mr. Mandeep for the given financial year will be,
(A) ₹63 Lakhs
(B) ₹79 Lakhs
(C) ₹71 Lakhs
(D) ₹47 Lakhs
QGST-1(IV)GST – composition scheme service supply limit (10% of turnov
0 marks hard
Case: Mr. Mandeep, a registered dealer, is doing building material business in the State of Assam. He availed architect services for his business from his friend in London free of cost. He also availed designing services from his brother in London for ₹5 Lakhs for his personal purposes. He availed services which are liable to tax under reverse charge for which date of invoice was 01.09.20XX, payment date as per his books of account and as per his bank account was 15.11.20XX and 18.11.20XX respectively. His turnover for the current financial year is as follows: Taxable supply of goods – ₹55 Lakhs; Ex…
Mr. Mandeep will be eligible for composition scheme in the next financial year, but he can supply services only upto:
(A) ₹5.00 Lakhs
(B) ₹6.3 Lakhs
(C) ₹7.90 Lakhs
(D) ₹7.10 Lakhs
QGST-1(V)GST exemption – pure services and composite supply to govern
0 marks hard
Case: Mr. Mandeep, a registered dealer, is doing building material business in the State of Assam. He availed architect services for his business from his friend in London free of cost. He also availed designing services from his brother in London for ₹5 Lakhs for his personal purposes. He availed services which are liable to tax under reverse charge for which date of invoice was 01.09.20XX, payment date as per his books of account and as per his bank account was 15.11.20XX and 18.11.20XX respectively. His turnover for the current financial year is as follows: Taxable supply of goods – ₹55 Lakhs; Ex…
In case he supplies services to State Government by way of any activity in relation to any function entrusted to a Municipality under Article 243W of the Constitution, in the next financial year, which of the following will be exempt?
(i) Pure Services
(ii) Composite supply of goods and services in which value of supply of goods constitutes not more than 25% of value of said composite supply
(iii) Composite supply of goods and services in which value of supply of service constitutes not more than 25% of value of said composite supply
(A) i & iii
(B) ii & iii
(C) i, ii & iii
(D) i & ii
QGST-10GST – donation vs sponsorship; supply for consideration; cha
0 marks easy
The temple of ancestral deity of Mr. Aman Goel and his family is located at Beri, Haryana. The temple is run by a charitable organisation registered under section 12AA of the Income Tax Act, 1961. Upon the birth of their first child, he donated ₹10 lakh to the said temple for construction of a sitting hall in the temple. On the main door of the sitting hall, a name plate was placed stating 'Donated by Mr. Aman Goel upon birth of his first child'.
You are required to examine the leviability of GST on the donation received from Mr. Aman Goel.
QGST-11GST – accommodation services threshold ₹1,000 per day; exemp
0 marks easy
Answer the following questions:
QGST-12GST registration – bank account details not mandatory prior
0 marks easy
M/s Siya Ram is a trader of decorative items in Hauz Khas, Delhi. His aggregate turnover exceeded ₹20 lakh in the month of October, 20XX. He applied for registration on GST portal, but missed to submit the details of his bank account. His tax consultant advised him that prior submission of bank details is mandatory to obtain registration.
Examine whether the advice of Mr. Siya Ram's tax consultant is correct.
QGST-13GST – GSTR-1 filing; B2B vs B2C large vs B2C small; invoice-
0 marks easy
Mr. Gauri Shiva, a registered person in Punjab, supplies goods taxable @ 12% [CGST @ 6%, SGST @ 6% & IGST @ 12%] in the States of Punjab and Haryana. He has furnished the following details in relation to independent supplies made by him in the quarter ending June, 20XX:
1. Mr. A, registered person, Inter-State: ₹2,20,000
2. Mr. B, registered person, Inter-State: ₹2,55,000
3. Mr. C, unregistered person, Intra-State: ₹1,80,000
4. Mr. D, unregistered person, Intra-State: ₹2,60,000
5. Mr. M, unregistered person, Inter-State: ₹3,00,000
6. Mr. N, unregistered person, Inter-State: ₹50,000
7. Mr. O, unregistered person, Inter-State: ₹2,50,000
8. Mr. P, unregistered person, Inter-State: ₹2,80,000
9. Mr. Q, registered person, Intra-State: ₹1,50,000
10. Mr. R, registered person, Intra-State: ₹4,10,000
The aggregate annual turnover of Mr. Gauri Shiva in the preceding financial year was ₹1.20 crore. With reference to rule 59 of the CGST Rules, 2017, discuss the manner in which the details of above supplies are required to be furnished in GSTR-1.
QGST-14GST – e-way bill cancellation rules and inter-state validity
0 marks easy
Discuss the correctness of the following statements:
QGST-15GST – order of discharge of tax liability; current period vs
0 marks easy
Mr. Ram Narayan, a registered supplier under GST, wants to first discharge his self-assessed tax liability for the current period before settling the dues for the previous tax period. Examine briefly whether he can do so?
QGST-2GST – free samples; Schedule I supply without consideration;
0 marks easy
ABC Ltd. is a registered pharmaceutical company. The company invented one drug for instant cure of cancer. They supplied free samples of this medicine to various doctors. What will be the tax treatment of these free samples under GST?
(A) ABC Ltd. is liable to pay tax on supply of free samples and eligible to claim input tax credit.
(B) ABC Ltd. is not liable to pay tax on supply of free samples but eligible to claim input tax credit.
(C) ABC Ltd. is neither liable to pay tax on supply of free samples nor eligible to claim input tax credit.
(D) ABC Ltd. is liable to pay tax on supply of free samples but not eligible to claim input tax credit.
QGST-3GST exemption – services to educational institution (pre-sch
0 marks easy
Kala Niketan School is an educational institution providing pre-school education and education up to higher secondary school. Which of the following services are exempt if provided to Kala Niketan School?
(i) Transportation of students, faculty and staff
(ii) Catering services
(iii) Cleaning services performed in such educational institution
(A) (i)
(B) (i) and (iii)
(C) (ii) and (iii)
(D) (i), (ii) and (iii)
QGST-4GST – ITC eligibility on motor vehicles; section 17(5) excep
0 marks easy
Calculate the amount of eligible input tax credit:
1. A Mini bus having seating capacity of 15 persons (including driver) used for running on hire: GST paid ₹15,00,000
2. Car having seating capacity of 8 people used for business purposes: GST paid ₹1,00,00,000
3. Car having seating capacity of 4 persons used for imparting training on driving such car: GST paid ₹50,00,000
4. Special purpose vehicle having seating capacity of 2 persons used for transportation of goods: GST paid ₹60,00,000
(A) ₹2,25,00,000/-
(B) ₹2,10,00,000/-
(C) ₹1,25,00,000/-
(D) ₹75,00,000/-
QGST-5GST – time of supply for goods sent on approval/exhibition b
0 marks easy
Mr. Avishkar is a painter registered under GST in Delhi. He sends his artwork for exhibition in Mumbai. At what point of time, supply is considered to have been made under GST?
(A) When painting is completed.
(B) When painting is sent for exhibition in Mumbai.
(C) When painting is displayed at the exhibition in Mumbai.
(D) When painting is purchased by one of the visitors in the exhibition.
QGST-6GST Schedule III – employer-employee relationship; services
0 marks easy
Which of the following is not covered under Schedule III of CGST Act, 2017?
(A) Director's monthly salary under employment agreement
(B) Sitting fees to independent directors for attending AGMs
(C) Payment to employee for providing broking services to the employer for purchase of commercial property. Such services do not form part of the employment contract entered into by the employer with the employee.
(D) Both (b) and (c)
QGST-7GST exemption – loading/unloading of agricultural produce; t
0 marks easy
Which of the following service is not exempt under GST?
(A) Loading and unloading of paddy
(B) Loading and unloading of sugarcane
(C) Loading and unloading of tea bags
(D) Loading and unloading of potato
QGST-8GST reverse charge – author's copyright services to publishe
0 marks easy
Mr. Vicky Frankyn, an unregistered famous author, received ₹3 crore of consideration from Shiv Bhawan Publications (SBP) located in Indore for supply of services by way of temporary transfer of a copyright covered under section 13(1)(a) of the Copyright Act, 1957 relating to original literary works of his new book. He finished his work & made available the book to the publisher, but has yet not raised the invoice.
Mr. Vicky Frankyn is of the view that SBP is liable to pay tax under reverse charge on services provided by him. SBP does not concur with his view and is not ready to deposit the tax under any circumstances.
Examine whether the view of Mr. Vicky Frankyn is correct. Further, if the view of Mr. Vicky Frankyn is correct, what is the recourse available with Mr. Vicky Frankyn to comply with the requirements of GST law as SBP has completely refused to deposit the tax.
QGST-9GST – Notification No. 2/2019 CT(R) reduced rate for small s
0 marks easy
Answer the following questions relating to Care & Care Beauty Centre: