CA Final IDT MCQ

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A trader, opted for composition scheme. Calculate total tax liability for the month of Mar'19. Goods 'A' taxable @ 12% Rs. 5 Lacs, Goods 'B' taxable @ 5% Rs. 2,00,900, Goods 'C' exempt Rs. 1,00,100, Inward supply of services RCM @ 18% Rs. 25,000.

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Question has mentioned trader. Composition tax apply only on taxable supplies i.e. Rs. 5,00,000 (Goods 'A)+ Rs. 2,00,900 (Goods 'B') = 1% of Rs. 7,00,900= Rs. 7,009. On Inward supply reverse charge tax liability Rs. 4,500. Total Tax liability Rs. 11,509.

Orchid Hotel has 40 Deluxe rooms with a declared tariff of Rs. 1,200 per day. It offer 25% discount. It occupancy ratio is 60% in January 2019. Calculate tax if CGST & SGST rate is 9% each, IGST 18%.

No need to remember serial number of Notification No.
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Value of Supply is less than Rs. 1,000. Exempt under Notification No. 12/2017 CT-Rate.

ITC shall be availed by a registered person only if all the particulars as specified in the provisions of Chapter VI are contained in the said document. Is this statement true?

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Rule is amended to provide basic requirements.

The time –limit prescribed under section 48 of the Custom Act, 1962 for clearance of the goods within 30 days be read as time –limit for filing of bill of entry under section 46 of the Customs Act, 1962. Validate the statement.

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Mr. A US citizen came to India. His baggage includes Fire arm with 100 cartridges Rs. 1,00,000 (value includes the value of cartridges at @ Rs. 500 per cartridge). What is the Duty Payable if excess baggage is subject to 100% duty payable, SWS extra.

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General Free Allowance Rs. 15000. Rs. 75000 *110% (Annexure 1) + Rs. 10000 *38.5% (after general free allowance) = Rs. 86350

Grant of tenancy rights in a residential dwelling for use as residential dwelling against tenancy premium of Rs. 10,00,000. Is it taxable?

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If any warehoused goods had been damaged at any time before clearance for home consumption, the abatement is available only if such damaged is:

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Mr. A, having his registered office at Maharashtra, and his operating office at Rajasthan which is also registered, but providing advisory services to his client who is placed at Karnataka. What would be the location of supplier of services in this case?

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Supply of medicines and allied items to outpatients through pharmacy in hospital run by hospital is taxable under GST.

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It is for outpatients. Same like you are buying from medical shop.

What is the time period which will be allowed for importer/exporter to furnish the deficient infomration from the date of the provisional assessment order or as required under Custom Act 1962?

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ABC Ltd. is a logistic company. ABC Ltd. bills actual air freight charges charged by aircraft from a place outside India to custom station in India (exempt under Sr. No. no. 19) to it Indian client & also charge 10% margin. What will be tax treatment?

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A Ltd. & B Ltd. operate in same premise. They share some common staff i.e. security, receptionist etc. The common staff are on the payroll of A Ltd. It apportions and recover 50% of the salary of these common personnel from B Ltd. Suggest tax treatment.

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Schedule III covered employer-employee relationship and there is no employer employee relationship between B Ltd. & common staff.

Assessee is aggrieved & filed a writ petition against order passed under section 73(9) of CGST Act, 2017 by Deputy Commissioner. Is this approach of assessee correct?

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Remedy available U/s 107 of CGST Act, 2017 for appeal.

A manufacturer manufactures 100 units of a product [valued @ Rs. 20000 per piece]. CGST & SGST is 9% each. ITC available Rs. 100000 each of CGST & SGST. The manufacturer exported 70 pieces under LUT and sold 30 in India. Determine refund amount

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ITC available Rs. 100000 (-) Output Tax Liability Rs. 54000 = Rs. 46000

Determine the assessable value of imported goods: FOB value US $ 1000, Freight, loading, unloading and handling charges associated with the delivery of the imported goods to the place of importation – Not known, Insurance charges US $ 10.

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What is the prescribed monetary limit of Central Tax for Deputy or Assistant Commissioner of Central Tax for issuance of show cause notices and orders under Section 73 and 74?

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Does Donations received by a Charitable Trust considered to calculate the aggregate turnover of the Trust for registration purpose?

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Riturazz consultant in India is having agreement with US based Company. Consultant inspect and checks the work (Quality Check) of the foreign company’s vendor work in India. Consultant is getting the monthly fee in convertible foreign exchange from foreign company. Is taxable?

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POS is India

In case of sale of imported goods from warehouse before clearance or export, the value of such imported article under Section 3 (7) of shall be:

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Department want to do audit U/s 65. Notice issued on 1st April'17. Assessee made available all documents on 20th April'17 & audit commenced on 5th May'17. What will be last date to complete audit U/s 65 including extension granted by Commissioner.

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Will omission on the part of the taxable person to provide correct information constitute “suppression of facts” for the purpose of Section 74 of CGST Act, 2017?

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Calculate value of taxable supply of Mr. A. a) Organizing of business exhibition outside India Rs. 1 Lakh, b) Organizing of business exhibition in India Rs. 2 Lakh, c) Commission from mutual fund Rs. 1 Lakh, d) Sale of running business to Mr. B for 5 Lakh.

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Sale of running business is basically 'going concern'.

The assessable value of imported goods is Rs. 20 Lakh. BCD is 10%, IGST is 12%, Cess Nil, SWS @ 10%. The goods were deposited in warehouse. The goods were sold in warehouse for Rs. 30,00,000 before clearance from warehouse. Compute total customs duty.

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BCD & SWS = Rs. 220000 but IGST & Cess shall be levied on Rs. 3000000 so it is Rs. 360000. Total Rs. 580000.

Would GST be payable on goods not intended to be sold, taken out for participation in overseas exhibitions and trade fairs and brought back into India as these goods are meant for exhibition only ?

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Container Freight Station (CFS) is a place where only a part of the customs process mainly with the examination of goods is carried out, is set up with the main objective of:

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In an order issued to ABC Ltd., the Joint Commissioner of Central Tax (GST) has confirmed a tax demand of Rs. 5000000. ABC Ltd. has admitted Rs. 500000 as tax liability and intends to file an appeal against tax demand of Rs. 4500000. Calculate the tax deposit.

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Tax liability under GST is for tour packages, which are providing to guests by way of separate services like accommodation, serving food and beverages, service of authorized guides, trekking accessories etc., against separate invoices. In case where a supply involves supply of both goods and services and value of such goods and services supplies are shown separately, goods and services would be liable to tax at rates as applicable to such goods and services separately. Is this Statement Correct?

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Supplier is able to identify different supply

Mr. A imported some goods from US which were shipped by vessel on 01-12-18. The vessel crosses the territorial water on 07-01-19 and the expected arrival of such vessel at the customs port will be 10-01-19. Suggest the date for filing prior bill of entry

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Time limit for making rectification purely in the nature of correction of a clerical or arithmetical error U/s 161:-

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Mr. A deposits Rs. 100000 as pre deposit on 30.9.17 and files an appeal before the CESTAT. The said appeal is decided in favour of Mr. A on 30.11.17. Mr. A submit a letter seeking refund on 7.12.17 & the same was refunded on 15.12.17. Calculate interest.

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What is the minimum monetary limit prescribed in the Customs law below which no refund shall be granted?

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ABC Ltd. have exported some goods outside India. FOB value of 1000 kg of goods exported is Rs. 230000. Rate of duty drawback on such export is Rs. 100 per kg. Market price of goods is Rs. 75,000 (in wholesale market).

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Remember in custom, market price is wholesale price in India.

Period of limitation for claiming customs duty refund is :-

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In case of new vehicles, often the vehicle itself is driven by driver to destination. In such cases, the E-way Bill is required.

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Until permanent number is granted by RTO, temporary number is main number.

If someone trades only 0% GST items (grains, pulses) then is it necessary to register for GST, if the turnover exceeds Rs. 20 lakhs. Whether this statement is true?

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Can one State CGST be used to pay another state CGST?

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I am a supplier of exempted goods based out of Delhi and procure raw material from Maharashtra. My supplier from Maharashtra insists that I have to be registered in Delhi for procurement of inter-State goods. Is he right?

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A Ltd imported goods from UK for Rs. 50000. After damage these goods valued by customs officer is Rs. 10000. Total Customs duty on the value of imported goods levied Rs. 6180. What is abatement amount of custom duty?

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Question is asking abatement amount.

________________ means where goods are cast into sea to reduce weight of ship to prevent it from sinking and the thrown goods sink.

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Value of supply of goods and services of a trader within State is Rs 1200. SGST and CGST rate on supply of goods and services is 9% each. Value of receipt of goods and services inter-State is Rs 1000. IGST rate on receipts is 18%. Calculate tax payable.

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According to Rule 30 of CGST Rules 2017, Interest and financial charges being a financial charge shall not be considered to be part of cost of production. Is this statement correct?

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If Homestay or guest house service provided through e-commerce operator, the supplier of service can claim exemption from tax if his annual turnover is below Rs. 20 lakhs (Rs 10 lakhs in special category States). In that case, liability to pay tax will be on e-commerce operator. Is this statement correct?

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What will be the impact on the customs duty if the goods are deteriorated inside the warehouse before clearance for home consumption?

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The assessable value of imported goods is Rs. 20 Lakhs. The BCD is 10%. Integrated tax leviable U/s 3 (7) of the Customs Tariff Act, 1975 is 12%. GST Compensation Cess is leviable @ 15%. Social Welfare Surcharge @ 10%. Calculate Total Custom duty payable.

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A shop sells taxable & exempt products to the same person {B2C}, is it required to issue tax invoice and bill of supply separately?

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Whether TCS need to be collected on suppies on which the recipient is required to pay tax on reverse charge basis?

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Is 'mens rea' or culpable mental state necessary for prosecution under CGST/SGST Act?

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What is the time limit to issue notice in cases U/s 76 of CGST Act, 2017 i.e. taxes collected but not paid to Government?

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Can the "revision authority" order for staying of operation of any order passed by his sub-ordinates pending such revision?

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How many times can Part B number be updated for an e-way bill?

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ABC Ltd. took services of Elephant/Camel Ride whether they have to pay reverse charge on this?

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Whether the smuggled goods can be re-exported from the customs area without formally getting them released from confiscation {U/s 80 of Custom Act 1962 if declaration is not done properly U/s 77 of Custom Act 1962}?

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If SEZ supplies goods to DTA unit then:-

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I had not availed ITC though eligible, then such transfer or disposal of business assets made without consideration, whether it will be treated as supply?

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Mr. A purchased tiles for getting renovation of its registered office in Mumbai. The supplier charged GST on invoice raised to Mr. A. Value of tiles was shown as revenue expense in books of accounts of Mr. A. Whether Mr. A can avail ITC ?

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Supplier ABC is a composition dealer in Karnataka who makes taxable supply of Rs. 10000 to local authority where the total value of taxable supply under the contract is Rs. 251000. Calculate TDS liability.

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Health Department of West Bengal Department executed a contract with a local supplier to supply "medical grade oxygen" of Rs. 2.6 Lakhs (including GST @ 12%) and is making full payment. Whether TDS is applicable on this?

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M/s. ABC purchased cement for constructing foundation of pillars supporting the machinery and paid GST charged thereupon. Whether ITC is available?

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XYZ sold 50 boxes of chocolates on which GST was payable Rs. 100000. XYZ did not show this transaction in his books of accounts and raised bogus invoices. Revenue authority issued SCN on 01.04.2019 and XYZ pays on 15.04.2019. Calculate Penalty amount.

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Whether commission received in foreign exchange by a buying agent in India for helping procuring goods from an exporter in India is exempted from GST?

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Date of filing of appeal in Form GST Apl 05 is on 24.05.18 and issuance of provisional acknowledgement is on 24.05.18. Mr. A submitted certfied copies of decision or order appealed against on 04.06.2018. What shall be date of filing of appeal?

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Mr. A (owner), a registered taxable person is getting its goods (taxable @ 18%) amounting to Rs. 10000 (without GST), transported, without invoice & e-way bill. If vehicle is seized & he comes forward for the payment, calculate total amount of tax & penalty

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What is the time within which TCS under GST, is to be remitted by the e-commerce operator to the Government Account?

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Mr. A resigned from ABC Ltd. At the time of Full & Final Settlement, Mr. A bought car from ABC Ltd., which he used to drive for official purpose during employment for Rs. 45000. Whether this will be taxable?

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Mr A was served with a notice of demand of Rs. 20 Lakhs on 31.05.2019. He filed a reply within 7 days stating that he was unable to deposit tax dues as he doesn't have money. He sold property on 01.05.2019 to Mr. B for Rs. 5 Lakhs. Is the sale void or valid?

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Mr. Cool in Kolkata, placed an order of mobile phone through amazon worth Rs. 30000 (including GST 12%). Amazon commission with actual supplier is 10%. What will be the TCS (CGST+SGST/IGST) amount needs to be collected by Amazon?

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Mr. A is a major shareholder of XYZ Ltd. and Mr. B is major shareholder of ABC Ltd. If Mr. A is appointed as an Director of ABC Ltd., & Mr. B is appointed as Director in XYZ Ltd. then whether XYZ Ltd. & ABC Ltd. will be treated as related persons in GST?

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Mr. A is running a toy shop in Hyderabad. His turnover in a FY is Rs. 19 Lacs which includes a exempt supply of goods to Kochi worth Rs. 1 Lac. You need to determine whether Mr. A needs to take registration & if yes, under which Section?

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Hyderabad is in Telangana.

Mr. A (unregistered under GST) running a supermarket in Goa. His turnover in FY is Rs. 15 Lacs (Subject to 12% GST). He takes services of an advocate worth Rs. 1 Lacs (subject to 18% GST) to litigate a department's notice. Calculate tax liaiblity.

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Mr. A is facilitating agent. His CA advised him that he need to compulsory take registration U/s 24 of CGST Act 2017 and he cannot enjoy threshold limit prescribed U/s 22 of CGST Act, 2017. Whether this opinion given by CA is correct?

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He is facilitating agent. Keep this in mind.

ABC Ltd. is well known listed company. It is it policy to provide uniform to labour who work in factory. It is seeking your advise whether it can avail ITC on such uniform given to labour who work in factory. What is your opinion?

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Can I register as a normal taxable person today i.e. 21st April 2019 and avail the composition Scheme later in current financial year?

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If you are already registered then you can't avail composition scheme in between the financial year.

In case the supplier has issued invoice on 21.09.2018 whereas he was suppose to issue invoice on 15.09.2019 U/s 31 of CGST Act, 2017, recipient need to pay consideration according to second proviso to Section 16 (2) of CGST Act by:-

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XYZ supplied pollution control equipment to AB for Rs. 10 Lacs. A subsidy is provided by a NGO to AB of Rs. 1 Lac for such device. Apart from this, XYZ got subsidy from Central Government Rs. 1.50 Lacs. Both subsidy not considered in Rs 10 Lacs. What is Value of supply?

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NGO had given subsidy directly to recipient and it is not directly linked to price. Let me take example, in rural area there is factory and one NGO working for welfare of villager. For social cause, they agreed to provide subsidy in case that factory install pollution equipment so that villager doesn't suffer from diseases. Factory guy go to City and buy pollution equipment. In practical world, AB won't even communicate this and even if communicated it is not linked to price. Please read the provision which clear mention subsidy link to price.

Corporate office of AB Ltd. is in Pune. It has units at Agra, Patna, Vizag. Corporate office purchased 6 laptops for units. Now it want to distribute ITC. Tax manager opined, it need to take ISD registration to distribute ITC on laptop. Is this correct?

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ISD is for service....

FOB price of goods $ 1000, Shipping bill presented on 26.04.20XX, proper officer passed order permitting clearance and loading of goods for export : 04.05.20XX. On 26.04.20XX, exchange rate 70 & duty 10%. On 04.05.20XX , exchange rate 72 & duty 8%. Export duty?

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Advance received for Goods on 13.04.19, Rs. 100000. Goods supplied on 21.5.19. In between on 25.05.19, tax rate changed. New rate is 12% (previous rate was 5%). Invoice was issued on 30.5.19. Calculate tax liablity & month of deposit (normal taxpayer).

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The correct answer is "Rs. 5000 & this need to be deposited along with May Return". The tax rate will be of date 13.04.19 when advance received for such goods according to Section 14 and TOS will be 21.05.19 when goods removed (invoice might have been issued according to Section 31). Advance amount not relevant becasue of Notification 66/2017.

A CA firm, has HO in Pune & branches in Agra & Leh. HO entered into contract with ABC (HO in Pune & registered under GST) for conducting GST audit in Agra & Leh. Bill is to be raised on ABC, Pune. Assuming local CA branches is going to provide service, What is POS?

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What if supplier & recipient become related person after contract between them has been entered into: A) Supply before related person B) Supply after related person

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An interior designer from Delhi is engaged by Samsung Phone Ltd., Delhi to design a common decor for all its stores in India (existing or new one which will come in future). Which Section needs to be applied for determining POS?

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Let me take example, let say if as a CA you provide capital gain for selling branches, it is related to immovable property but it is general consultancy. Same here the interior designer is engaged for common decor for present stores and even future which is not even came. It may come after 10 years also but interior designer has given standard design without looking into it stores. Please always connect any tax law provision with practical life scenario.

Mr. A would like to compound the offences under GST Law. Let say the amount of tax involved is Rs. 90000 (CGST+SGST). Please calculate minimum and maximum amount to be paid for compounding for offence (CGST+SGST).

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Exploration site is at 150 nautical miles from base line. Some minerals explored (not petroleum etc.) and sent to refinery in Maharashtra, the nearest State. Whether this will attract IGST or CGST and SGST or CGST and UTGST?

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The correct answer is "IGST". Exploration site is location of supplier. Location of site in 150 NM is beyond territorial waters but still within Indian territory (as for purposes of GST law, definition of India covers area upto exclusive economic zone). Such site shall be treated as located in ‘other territory’ which is also ‘a union territory’ as defined under Sec 2(114) of CGST Act. Exploration Site is supplying goods to refinery in Maharashtra. Thus, place of supply of goods is falling into Maharashtra State. Since location of supplier is union territory and place of supply is Maharashtra, it is inter-state supply in terms of Sec 7 (1) of IGST Act. Thus, aforesaid supply shall attract charge of IGST under section 5 of IGST Act.

Mr. A came from USA to India on 24.04.19. He was having excess baggage of Rs. 100000 (subject to duty). Calculate total tax/duty liability considering Baggate tax rate @ 38.5%, IGST @ 28%, Compensation Cess @ 15%.

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An exporter gets an order from a selling agent to whom he pays commission. Will it be taxable under GST: Situation I - Selling agent is located in India, Situation II - Selling agent is located outside India.

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The correct answer is "Situation I - Taxable, Situation II - Non Taxable". In Situation II, since it is selling agent, so intermediary, accordingly POS shall be determined. Place of supplier of such agent which is outside India.

Mr. Zandu, due to interpretation issue involved & under bonafide belief, had short paid tax liability amounting to Rs. 90000 (IGST). In this case, the amount of penalty that can be imposed upon Mr. Zandu is as under:-

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Services Supplied by an establishment of a person in India to any establishment of that person outside India, which are treated as establishments of distinct persons in accordance with Explanation I in Section 8 of the IGST Act, is taxable. Is this Correct ?

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Please refer notification no. 15/2018 IGST DATED 26/07/2018.

Goods are cleared from JNPT, Mumbai custom port and sent to job worker in Ahmedabad. What documents needs to be sent along with this consignment?

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Examine the validity of the following statements with reference to the Customs Act, 1962 giving brief reasons:- Goods exempt from basic customs duty would automatically be exempt from additional duty of customs.

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Mr. Smarty has 3 branches in UP at Agra, Aligarh & Kanpur. Agra and Aligarh branches are in supply of food products & Kanpur branch is in supply of garments. How many registration may be opted by Mr. Smarty in UP under CGST Act, 2017.

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ABC constructions received a big order for construction of mall in Pune. They sub-contracted a part of work to XYZ Contractors who charged GST on its invoice. Whether ABC can avail ITC for such work contract supplied by XYZ contractors?

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Can a E-way Bill Part A & Part B be modified?

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What is the minimum monetary limit prescribed in the Customs law below which no refund shall be granted?

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IBM Ltd. purchased car. This car was purchased for to and fro travel of it employees, on becoming obsolete, this car is donated free of cost. Whether such donation shall be treated as Supply?

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The correct answer is "No". IBM can't avail ITC since this is blocked U/s 17 (5) so when it is donated free so it won't be considered as supply. Schedule I say if ITC availed and remember my logic no output tax no itc

Government has relaxed LUT in case of export but still Bond provision is there. In which scenario still bond need to be furnished (or can opt for IGST payment with refund) and taxpayer can't have LUT facility?

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There are 2 options for export i.e. furnishing LUT/Bond or IGST payment & claiming refund. ABC Ltd has ITC on Inputs,Inputs services & Capital goods. If ABC Ltd has sufficient domestic supply to claim 100% ITC. They seek advise that which option is better :-

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In refund model i.e. LUT/Bond if you see formula then you cant avail capital goods but in IGST payment, just make payment and claim refund. against output tax liability any ITC can be taken.

Now a days, to retain customer loyalty points are given which is credited in digital wallet and can be utilized against future transaction as a discount. Let say when you booked the ticket with PVR Cinemas, you got Rs. 50 coupon. What will be TOS?

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Actually loyalty points, is actionable claim so it is not supply. You are not even paying consideration for such loyalty points.

Mr. A filed a claim for payment of duty drawback amounting to Rs. 50000 on 30.07.20XX. However, the amount was received on 28.10.20XX. You are required to calculate the amount of interest payable to Mr. A on the amount of duty drawback claimed.

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Guys, it is drawback so it is after expiry of 1 month. Please differentiate between drawback and refund.

Mr. A & Mr. B are related person. Mr. A appoint Mr. B as an agent and supply goods to Mr. B for further supply. Mr. A doesn't charge any considertaion. Like kind and quality value is Rs. 100000 supplied by agent on same day. Determine value of supply.

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Remember if Principal agent relationship is there even though they are relative apply Rule 29.

Is it mandatory that 'reason to believe' must be recorded in writing by proper officer, before issuing authorization for inspection or search or seizure?

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The corrent answer is "officer is not require to state the reason of belief but advisable to record". This reason to believe is primarily taken from Direct Tax including Best Judgement Assessment. It is one of the most litigated matter and completely open ended. Government has given sufficient liberty to Tax officer.

Who can notify a transaction to be supply of ‘goods’ or ‘services’?

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Which of the following can be issued by Central Government/ State Government to exempt goods and/or services on which tax is leviable in exceptional cases?

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E-commerce operator received notice which sought information as per Section 52 of the CGST Act but the failed to duly respond to the same. The penalty :-

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If on purchase of machinery Rs. 10 Lakhs, GST @ 18% i.e. Rs. 1.8 Lakhs paid & depreciation as per the Income Tax Act 1961, claimed on Rs. 11.80 Lakhs then how much ITC can be claimed U/s 16 of CGST Act 2017?

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The correct answer is "No ITC availalble" since depreciation benefit is claimed on GST amount.

ABC is an e-commerce operator. In the month Jan'19:- i) Total taxable supply is Rs. 50 Lacs ii) Supplies returned Rs. 10 Lacs out of i) above iii) Services notifed U/s 9 (5), but provided by registered supplier Rs. 15 Lacs. Calculate total TCS liablity.

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The correct answer is "Rs. 55000" i.e. 40 lacs + you also need to services notified U/s 9 (5) where registered supplier is liable to pay GST.

Toyota Ltd send moulds & dies to Brembo Brakes which makes brakes for Toyota cars. Toyota provided free of cost since according to contract between both of them, it is Toyota obligation to provide. The value of this is Rs 10 Lacs. Tax rate is 18%. Calculate tax amount.

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Exim scrips MEIS & SEIS can be used for payment of :-

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The corrent answer is "BCD, additional duties of customs on items not covered under GST". Previous regime these MEIS & SEIS were very lucrative since it was used for excise duty payment now it is not so much lucrative since GST payment can't be done.

Drawback Under Section 74 will refund custom duties as well as IGST and Compensation Cess paid on imported goods which are re-exported. Is this statement true?

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Tax manager of ABC Ltd. (registered in Delhi), came to Agra office of XYZ & Co., for meeting in respect of discussion in taxation matter of the company. XYZ & Co. supplied their professional services to ABC Ltd. in their Agra Office. Determine POS?

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The correct answer is "Delhi". this will be determined according to default provision Section 12 (2).

Mr. A of Goa books a room in registered hotel in Delhi through OYO which is registered in Goa {specified U/s 9 (5)}. Room rate per night is Rs 1500 & hotel offered Rs 500 discount per night. Mr. A stayed in hotel for 3 nights. Calculate Tax payable @ 18%.

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It is hotel so place of such property.

Mr. A (registered in Goa) imported goods from US. He cleared this from Kochi, Kerala & supplied to Mr. B in Munnar, Kerala. The CIF value is Rs. 1 Lac and he paid Rs. 20000 duty. He added 20% on Rs 1.20 Lacs. Calculate tax liability if tax rate is 5%.

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From goa to Kerala.

Initiation of action under section 67 of CGST Act 2017 is by proper officer not below the rank of ____________________

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The officer can issue the order under Sec 73 with a maximum demand up to?

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The following amounts due cannot be paid through instalments:-

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There is change in tax rate w.e.f. 1st Jun'19 from 5% to 18%. Supply is effected on 3rd June. Invoice issued on 29th May'19 & payment is entered in accounts on 31st May'19. Payment is credited in the bank account on 7th Jun'19. Supply Value Rs. 1 Lac. Calculate Tax.

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The correct answer is "Total tax amount Rs. 18000". amount is credited in bank account after 4 working days. 7th June 2019 will be consdered and then remember my logic whatever is after.

ABC traders sought advance ruling for applicability of GST rate on induction furnances and filed application online on 01.10.2018. Application filed by ABC traders is complete in all the aspects. Advance ruling authority pronounce ruling on or before

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XY has aggregate turnover of Rs. 10 lakhs (intra-State) in Maharashtra. He has a property located in Agra, which is currently in dispute and has engaged lawyer for representing his case in dispute. Will XY be required to register himself U/s 24 of CGST Act

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ABC sent Rs 10000 + GST 18% = Rs 11800 (ABC availed ITC Rs 1500) medicines to XYZ. Out of this 30% expired and XYZ sent it back to ABC and raised fresh invoice (at cost) and charged GST. ABC availed ITC and destroyed medicines. Advise ITC reversal amount.

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It is fresh supply and if it is credit note then actual credit availed. There is circular for this.

ABC textile traders has a weak financial condition. So, requested transporter to store at his place. ABC & transporter is at 25 KM distance in MP. After 10 days, ABC requested transporter to deliver at his Place of business. Whether E-way bill required?

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Proper Officer inspected the goods in transit. i) What is the time period to finalize the report in Part B of Form GST EWB 03? ii) Can Commissioner extend this period, if yes then by how many days?

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Total Credit Available to ISD is Rs. 1500000 & the credit distributed to all the units is Rs. 1650000 (i.e. Delhi Rs. 1000000, Jaipur Rs. 400000 & Gujarat Rs. 250000). What will be the consequences? A) ISD has to pay excess credit distributed along with interest B) Proper officer can also levy penalty on ISD U/s 73 or 74 C) Recipient has to pay excess credit distributed along with interest D) Proper officer can also levy penalty on recipient U/s 73 or 74 E) ISD would be liable to a general penalty under section 122

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Recipient has to pay reverse charge U/s 9 (3) & U/s 9 (4) of CGST Act 2017. GST is introduced self invoicing for such reverse charge. Self invoice need to be raised by recipient:-

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The deduction of tax by the Deductor under Section 51 of CGST Act is at the rate of:

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ABC Ltd. has various warehouses through which they supply goods to their customers, but such warehouses have not been declared as additional place of business in their registration. Under which section penalty is leviable:-

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ABC Ltd. is merchant exporter and want to avail zero rated benefits under GST. It seek your advise that under which scheme it can do export?

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Mr. A was erroneously refunded a sum of Rs. 40000 in excess of actual drawback on 15-04-18. The same was demanded by the department on 22-06-18 and the same was returned to the department on 16-08-18. Calculate the amount of interest payable by Mr. A.

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Delays in days 122. So 40000*15%*122/365

Importer after importing goods opted for warehousing. Goods deteriorated inside the warehouse before clearance for home consumption. You need to determine whether abatement is possible. If yes, then under which section of Custom Act.

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Ms. Isha, registered at Delhi provide photography services and maintain each detail of recipient address in her record. POS if : (a) ABC Ltd (Registered - Agra), services at Agra (b) Ms. Suchi (Unregistered - Pune), services at Delhi. Determined POS .

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ABC Ltd. imported goods 'X' which is not notified by Government and deposited in warehouse. This deteriorated while lying in warehouse. ABC Ltd. want abatement or remission of Duty. Under which section it can claim abatement or remission of duty?

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Hindalco imported machinery from Siemens, Germany. Hindalco paid fee for know-how used in manufacturing goods using such imported machinery. Under which section it will be includible in value?

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Product 'A' exported to USA of FOB value of Rs. 1 Lakh. All Industry Rate declared @ 5% of FOB. Actual amount of duty suffered Rs. 6500. You are advisor to exporter and he want opinion from you that what can he do with respect to drawback.

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Rakesh is expert in GST law. He had written a book on GST. He applied for copyright & after that publish e-book on Kindle. Later on demand came for hard copy so he gave it to taxmann for printing. Whether taxmann's job will be supply of goods or services?

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ABC is engaged exclusively in exempt supply. It has not registered due to U/s 23 of CGST Act. It got software from it parent company ABC holding, USA worth Rs. 1 crore (taxable @ 18%). It has not paid any consideration for this. What is tax liability?

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In Schedule I para 4, now "taxable" is omitted so this will become taxable. Previously it was not taxable.

Ship arrives on 10th July 20XX (Saturday), Bill of entry filed on 16th July 20XX. If late fee payable then calculate late fee payable?

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Date to file 12th July 20XX. So delay of 4 days.

Vessel carrying consignment arrived on 1-7-19. Importer self assessed and filed Bill of entry 1-7-19. It is taken for re-assessment (12-7-19) & differntial duty Rs. 130000 which was paid on 20-7-19. Public holiday on 13-7-19 & 14-7-19. Interest payable?

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It was supposed to pay by 15-7-19 (after holiday).

Tally solutions sell pre-developed software for Rs. 5000. They received advance on 10th May 2019 and they despatched the software on 16th May 2019. When invoice shall be issued?

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This will be considered as goods.

Amrapali developers construct property at Noida. They are known because of their excessive marketing. One of such property constructed but CC was not issued by local authority. Mr A occupied property without paying consideration. What is taxability?

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Social welfare surcharge is leviable on- (i) Basic Customs Duty; (ii) IGST; (iii) Anti-Dumping Duty; (iv) GST Compensation Cess

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What all modes of transfers are covered under section 81?

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Discuss the includability, to the assessable value of goods imported:- (i) Process licence fee and technology transfer fees (ii) Dismantling charges for removing the machine (before shipment to India) at the foreign supplier’s site.

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Mr. Rich, has the following properties, which of the below would be treated as attracting first charge.

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When two or more companies are amalgamated, the liability to pay tax on supplies between them during the period of effective date of amalgamation order and date of issue of amalgamation order would be on :-

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When a private company is converted into public company, the liability of director of private company before conversion is……

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A modelling agency registered at Chennai contracts with a beauty parlour from USA for beauty treatment of 20 models at Mumbai for Miss India contest. What will be POS?

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A company in Singapore contracts with a Delhi based tax professional to provide his general opinion with respect to capital gains tax liability arising from the commercial property in Mumbai & Kolkata. What is POS?

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It will come in default provision. why? It is consultancy related to immovable property. This will not be treated as aa service in respect of immovable property. It will also be export of service if all 5 conditions of section 2 (6) of IGST are satisfied.

ABC limited, a GTA based out of Chennai, provides transportation services. Cars Limited, Pune, for movement of their cars from the warehouse of Cars Limited at Agra to XYZ Ltd., Dealer at Delhi, hire ABC Ltd. The contract is on 'To Pay' basis. What is POS?

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It is "to pay".

Which Statement is True:- (i) Normally, place of registration is origin based. (ii) Local Bodies can levy entertainment tax. (iii) Associated enterprise’ is referred to only in the context of time of supply of services.

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The correct answer is "(i) True (ii) True (ii) True... first one is obviously GST is destination based tax but you are going to take registrace on the basis of place from where you are supply so it become origin based. like if your destination is Delhi but you are supplying from Mumbai then what is this, obviously place of origin. (ii) so according to constitution yes local body can levy and immediately after GST introduction Chennai local authority this and there was too much cry and finally it was taken back. (iii) yes associate enterprise is only used in time of supply. other places it is related party

Whether any reason to believe or evidence is required for initiation of audit U/s 65?

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Who can direct the registered person to get its records specially audited u/s 66?

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What is the prescribed monetary limit of Integrated Tax for Superintendent of Central Tax for issuance of show cause notices and orders under Section 73 and 74 read with Section 20 of the IGST Act?

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The member or group of members of HUF or AOP is/are liable to pay tax on taxable supplies :-

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CSD under the MOD, are entitled to claim a refund of .......…%. of IGST paid by it on all inward supplies of goods received by it for the purposes of subsequent supply of such goods to the Unit Run Canteens of the CSD or to the authorized customers of the CSD.

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Which statement is true or false:- (i) No refund shall be granted or paid to an applicant, if the amount is less than Rs 1000. The limit of Rs 1000 shall apply for each tax head separately & not cumulatively (ii) LUT not required in case of export of exempted or non GST goods.

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Mr. A wants to import by air a laptop from USA. Such laptop has been used by Mr. B - the seller for few months there. Mr. A contends that he can freely import such laptop without any restriction authorization. Please analyze according to FTP 2015-20.

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ABC Ltd., supplier of goods, supply through Amazon & XYZ Ltd., supplier of services, supply through flipkart. Their advisor Smart said that they need to compulsory registered under Section 24. Please give your opinion about registration.

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Electric shaving machine is classifiable under following: 8510: Shavers and hair clippers with self-contained electric motors; 8509: Electro mechanical domestic appliances with self-contained electric motor As per rules of classification, classify under:-

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Out of IGST paid to the Central Government, which of the following must be apportioned based on tax rate equivalent to the CGST on similar intra-state supply?

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