Practice Test

Q1) What is the significance of Place of Supply under GST? Show Answer

Q2) Import of goods into the territory of India shall be deemed to be, Show Answer

Q3) The intra-State supply of goods shall not include Show Answer

Q4) Where the supply involves movement of goods, the movement can be initiated by, Show Answer

Q5) Where the goods are assembled or installed at site, the place of supply shall be, Show Answer

Q6) What is the place of supply in case of installation of generator? Show Answer

Q7) What is the place of supply where supply is made before or during the movement of goods by the transfer of documents? Show Answer

Q8) Supplier in Haryana delivers goods in Haryana itself. Such delivery was on direction of the recipient who is in Delhi. The supply will be, Show Answer

Q9) Mr. A in Haryana delivers goods in Haryana itself to B. Such delivery was on direction of Z situated at Delhi, which of the following is true, Show Answer

Q10) A in Haryana delivers goods in Haryana itself to B. Such delivery was on direction of Z situated at Delhi, which of the following is true, Show Answer

Q11) A in Haryana supplies goods in Delhi to B. Such delivery was on direction of Z situated out of India, which of the following is true, Show Answer

Q12) Normally, _____ is recipient of service, Show Answer

Q13) Normally, _____ is supplier of service Show Answer

Q14) What is the place of supply of goods in case of import in India? Show Answer

Q15) What is the place of supply of goods in case of export from India? Show Answer

Q16) What is the place of supply of services in case where services directly relate to the immovable property are provided by an Indian service provider to a person in USA & such property is situated in USA? Show Answer

Q17) What is the place of supply of services in case where services directly relate to the immovable property are provided by an Indian service provider to a person in USA & such property is situated in USA? Show Answer

Q18) What is the place of supply of services in cases of restaurants and catering services? Show Answer

Q19) What is the place of supply of services in cases of training and performance appraisal services where the recipient is registered? Show Answer

Q20) What is the place of supply of services in cases of training and performance appraisal services where the recipient is unregistered? Show Answer

Q21) What is the place of supply of services in case of service provided by way of admission to an event? Show Answer

Q22) Which of the following is correct for, place of supply in case of ancillary services by way of assigning of sponsorship to organisation of a cultural event? Show Answer

Q23) What is the place of supply of services by way of transportation of goods to a registered person? Show Answer

Q24) An unregistered person receives a service of transportation of goods by courier, the place of supply for such transaction is, Show Answer

Q25) What is the place of supply in case of passenger transportation service to a registered person? Show Answer

Q26) What is the place of supply by way of passenger transport service to an un-registered person? Show Answer

Q27) What is the place of supply in case of services provided on board of a conveyance? Show Answer

Q28) A company has installed an antenna to create a fixed telecommunication line for communication services to the customers. What will be the place of supply for such communication services? Show Answer

Q29) In case of mobile connection for telecommunication & internet services provided on post-paid basis, the place of supply shall be the location of _____. Show Answer

Q30) In case of mobile connection for telecommunication & internet services provided on pre-payment basis, the place of supply where the service provided through selling agent shall be the location of _____. Show Answer

Q31) In case of mobile connection for telecommunication & internet services provided on pre-payment basis, the place of supply where the service provided through selling agent shall be the location of _____. Show Answer

Q32) In case of mobile connection for telecommunication & internet services provided on pre-payment basis, the place of supply where the service provided by any person to the final subscriber shall be the location of _____. Show Answer

Q33) In case of online information database access & retrieval services (OIDAR), the place of supply shall be, Show Answer

Q34) The place of supply of banking and other financial services to any person shall be, Show Answer

Q35) A. The place of supply of banking and other financial services to any person shall be the location of the recipient of services on the records of the supplier of services.
B. In case where the location of the recipient of services is not on the records of the supplier of services, the place of supply shall be location of the supplier of services.
Comment on the above statements,
Show Answer

Q36) What is the place of supply in case of insurance services provided to a registered person? Show Answer

Q37) What is the place of supply in case of insurance services provided to a person other than a registered person? Show Answer

Q38) A tour operator provides services to an Indian tourist for tour and travelling outside of India will be liable to pay GST. Comment Show Answer

Q39) A. IGST is applicable in case of import of goods.
B. There are special circumstances in case of import where CGST & SGST are applicable
Comment on the above statements,
Show Answer

Q40) Kaushal, a person registered in Gurgaon travels by flight from Mumbai to Delhi and gets his travel insurance done in Mumbai. What will be the place of supply? Show Answer

Q41) In case of services supplied in respect of goods which are required to be made physically available from a remote location by way of electronic means, the place of supply shall be, Show Answer

Q42) In case of services supplied to an individual, which require the physical presence of the recipient or the person acting on his behalf, with the supplier for the supply of the service, the place of supply shall be, Show Answer

Q43) The place of supply of services supplied directly in relation to an immovable property including supply of accommodation by a hotel, guest house or club, shall be, Show Answer

Q44) The place of supply of export or import services supplied by way of admission to, or organization of, a cultural or entertainment events, or other similar events, and of services ancillary to such admission, shall be Show Answer

Q45) In case of services supplied by a banking company, or a financial institution, or a nonbanking financial company, to account holders in course of provision of services, the place of supply shall be Show Answer

Q46) A. In case of intermediary services like commission agents, the place of supply shall be the location of the supplier of service.
B. In case of foreign commission agents providing service to Indian Principal, the place of supply of service is outside India.
Comment on the above statements,
Show Answer

Q47) Money transfer service provided to foreign entity by Indian supplier of service is intermediary service and subject to _____. Show Answer

Q48) In case of services consisting of hiring of means of transport, including yachts but excluding aircrafts and vessels, upto a period of one month. The place of supply shall be, Show Answer

Q49) In case of services consisting of hiring of vessels or aircrafts, irrespective of whether short term (exceeding one month) or long term, the place of supply shall be, Show Answer

Q50) The place of supply of services of transportation of goods, other than by way of mail or courier, shall be _____.The location of the supplier of the service Show Answer

Q51) A. No GST shall be payable on transhipment of goods at customs station in India for further transport out of India.
B. In case of import of goods by vessel from out of India to first customs port in India, the importer in India is liable to pay GST under reverse charge.
Comment on the above statements,
Show Answer

Q52) What is the place of supply of services provided on boarding a conveyance during the course of a passenger transport operation? Show Answer

Q53) A. Residuary provision: Except in case of specified services, the place of supply of services shall be the location of the recipient of service.
B. However, in case the location of the recipient of service is not available in the ordinary course of business, the place of supply shall be the location of the supplier of service.
Comment on the above statements,
Show Answer

Q54) In order to prevent double taxation or non-taxation of the supply of an import or export service, or for the uniform application of rules, _____ the shall have the power to notify any description of service or circumstances in which the _____ shall be the place of effective use and enjoyment of a service. Show Answer

Q55) Uday in Haryana buys shares from a broker in Delhi on NSE (in Mumbai). What will be the place of supply? Show Answer

Q56) In case of services supplied in respect of goods which are required to be made physically available by the recipient of service to the supplier of service, the place of supply shall be Show Answer

Q57) What type of tax is levied on inter-State supply? Show Answer

Q58) True or false - “If the importer sells the customs bonded goods to another person before clearance of goods from warehouse, IGST will be leviable on such transaction at the time of sale which the importer will have to pay by 20th of next month” Show Answer

Q59) True or false - “Inter-state movement of various modes of conveyance, carrying goods or passengers or for repairs and maintenance is liable to IGST.” Show Answer

Q60) What is the ceiling limit prescribed on the rate under IGST Act? Show Answer

Q61) Does an e-commerce operator having no physical presence in the taxable territory liable to pay tax? If yes, then how? Show Answer

Q62) Comment- Goods deposited in warehouse by filing into-bond bill of entry do not attract liability to any customs duty until the date specified in section 15 is reached. Show Answer

Q63) Will a “not for profit entity (NPO)” be liable to tax in respect to any sales effected by it? Show Answer

Q64) Can an exemption be granted for interstate supplies when such an exemption is not granted for intra-State supplies? Show Answer

Q65) IGST shall be charged when _____ Show Answer

Q66) A. Location of supplier is a place from where a supply is made from a place of business for w hich registration has been obtained, the location of such place of business.
B. Location of supplier is a place from where a supply is made from more than one establishment, whether the place of business or fixed establishment, the location of the establishment most directly concerned with the provision of the supply.
Comment on the above statements,
Show Answer

Q67) Location of recipient also includes the place where a supply is received at more than one establishment, whether the place of business or hxed establishment, the location of the establishment _____ with the receipt of the supply Show Answer

Q68) Mr. A of UP provides services to a SEZ located in UP. What type of tax shall be charged? Show Answer

Q69) What is the location of supplier in case of supplier is located in territorial waters? Show Answer

Q70) What is the POS in case the supply is made in territorial waters? Show Answer

Q71) Which of the following is an inter-State supply? Show Answer

Q72) Which of the following is an intra-State supply? Show Answer

Q73) What shall be the place of supply in this case? Show Answer

Q74) What is the nature of supply? Show Answer

Q75) What tax shall be levied in this transaction? Show Answer

Q76) What shall be the place of supply of transaction between Mr. A & Mr. B? Show Answer

Q77) What is the nature of supply of transaction between Mr. A & Mr. B? Show Answer

Q78) What tax shall be levied in transaction specified in Ques 76? Show Answer

Q79) What shall be the place of supply of transaction between Mr. B & Mr. C? Show Answer

Q80) What is the nature of supply of transaction between Mr. C & Mr. B? Show Answer

Q81) What tax shall be levied in transaction specified in Ques 79? Show Answer

Q82) Mr. A of UP purchased the goods from the shop Mr. C in Delhi. What shall be the place of supply? Show Answer

Q83) If Mr. A of Jaipur, is constructing a house in Goa and appoints Mr C of Delhi to provide architectural services with regard to proposed construction of house located in Goa, then the place of supply shall be _____ Show Answer

Q84) Mr. X, a resident of Delhi, goes to a doctor Mr. B of Bangalore for plastic surgery who took him to a hospital in Mumbai & got his surgery done over there. The place of supply will be _____ Show Answer

Q85) What shall be the Place of supply if Mr. A is a registered person? Show Answer

Q86) What shall be the Place of supply if Mr. A is an unregistered person? Show Answer

Q87) Palace on wheels, a train running from Jaipur to Kanyakumari, provides on-board entertainment services to its passengers. Mr. A boarded the train from Madhya Pradesh & started watching a movie when the train was crossing Karnataka. What shall be the place of supply? Show Answer

Q88) Mr. A, a resident of Mumbai opens a bank account in Mumbai with ABC Bank Ltd., and submits his residence address in Mumbai, then the place of supply of banking services shall be _____ Show Answer

Q89) Mr. B of Delhi goes to bank in Bangalore not having an account with the bank to take a demand draft, the place of supply shall be _____ Show Answer

Q90) If XY Bank in USA charges loan processing charges to AB Co. located in Delhi, India, the place of supply of service will be _____ Show Answer

Q91) Which of the following are an example of online database access retrieval services? Show Answer

Q92) Real estate agent in Delhi charges brokerage fee to Company A located in Chandigarh for assistance in getting a commercial property in Kolkata. Which is the place of supply in this case? Show Answer

Q93) Mr. X a resident from Pune conducts training for employees of P Ltd. being a registered person under GST based out in Chennai at a resort in Darjeeling. The place of supply in this case is: Show Answer

Q94) If NM shipping Co. located in Chennai charges ocean freight charges for transport of goods to California for a customer located in Bangalore, the place of supply of service will be: Show Answer

Q95) The basic principle behind the provisions relating to place of supply is that GST is a _____ Show Answer

Q96) Which Constitutional article allows the Parliament to formulate principles in respect to place of supply & supply in course of interstate commerce? Show Answer

Q97) IGST in case of imports shall be levied on value determined under _____ Show Answer

Q98) M/s ABC is having 2 SEZ in State of UP. One of these SEZ sends goods to another SEZ on 1st April 2018. What tax shall be chargeable on such supply? Show Answer

Q99) Supply from warehouse for storage of duty free ship stores to Naval ships, ocean going merchant ships is _____ Show Answer

Q100) India” means the territory of India as ref erred to in _____ of the Indian Constitution Show Answer

Q101) Persons supplying goods or services or both from the territorial waters should register in _____ Show Answer

Q102) Where supply involves movement of goods, _____ place of supply of goods shall be the location of goods at the time at which the movement of goods terminates for delivery to the recipient. Show Answer

Q103) In case of Bill-to-ship-to transactions, direction to send goods from place of supplier must be given by Show Answer

Q104) Comment: In case of bill to ship to transactions, if the supplier & final recipient are in different states, then the supply shall be interstate supply even when the goods arc delivered in the state of the supplier Show Answer

Q105) Place of business includes _____ Show Answer

Q106) Fixed establishment means _____ Show Answer

Q107) Fixed establishment is characterised by:
A. Sufficient degree of permanence
B. Suitable structure in terms of human & technical resources
C. To supply services or receive & use services for its own needs
Which is the correct option.
Show Answer

Q108) _____ of supply of service cannot be location of supplier of service or recipient of service Show Answer

Q109) Customer’s customer _____ customer. Show Answer

Q110) Person making the payment is _____, while the person receiving the payment is _____. Show Answer

Q111) What shall be the place of supply? Show Answer

Q112) What tax shall be levied on this supply? Show Answer

Q113) Will XYZ Pvt. Ltd. get the credit of the taxes paid to the hotel? Show Answer

Q114) When both, the service recipient & provider are of India, then the place of supply shall be the location of _____ if immovable property is located outside India. Show Answer

Q115) Which of the following service is not directly linked to the immovable property? Show Answer

Q116) Which of the following is a service directly linked to immovable property? Show Answer

Q117) Comment: Ret urn journey will be treated as a separate journey, even if right of passage for onward & return journey is issued at the same time. Show Answer

Q118)
Tour operator providing service to Indian tourist outside India is _____ to pay GST. Show Answer

Q119) Export of goods means taking goods _____ Show Answer

Q120) Supply of goods imported into the territory of India, till they cross the customs frontier of India shall be treated to be a _____ supply. Show Answer

Q121) Comment: One of the conditions to qualify as export of service is that the supplier of service & recipient of service are not merely establishments of a distinct person in accordance with Explanation 1 of section 8 of IGST Act. Show Answer

Q122) If the payment is received in INR, can it still qualify export of service? Show Answer

Q123) Principles in place of supply of service rules are broadly based on _____ Directives. Show Answer

Q124) Mr. Sunil from Delhi provides interior designing services to Mr. Sanjay (Mumbai). The property is located in Ooty (Tamil Nadu). What will be the place of supply? Show Answer

Q125) A service as a part of contract is provided in Delhi, Paris, Sweden & USA. What shall be the place of supply? Show Answer

Q126) In ques 125, will the entire amount be liable to GST? Show Answer

Q127) Goods imported into India for processing or repairs can be exported _____. Show Answer

Q128) Maintenance & repair service provided within territorial waters to marine vessels owned by foreign companies is _____ Show Answer

Q129) Who is the supplier of service? Show Answer

Q130) Who is the service recipient? Show Answer

Q131) What is the place of supply? Show Answer

Q132) What kind of supply is this? Show Answer

Q133) What tax shall be levied? Show Answer

Q134) Will XYZ be eligible to take the ITC on such transaction? Show Answer

Q135) Comment: An intermediary cannot alter the nature or value of the service, the supply of which he facilitates on behalf of his principal, although the principal may authorize the intermediary to negotiate a different price. Show Answer

Q136) Which of the following statements are true for an intermediary?A. An intermediary cannot alter the nature or value of the service, the supply of which he facilitates on behalf of his principal, although the principal may authorize the intermediary to negotiate a different price.
B. The value of an intermediary’s service is invariably identifiable from the main supply of service that he is arranging.
C. The service provided by the intermediary on behalf of the principal are clearly identifiable
Which is correct?
Show Answer

Q137) Promoting foreign university course in India is _____ Show Answer

Q138) Service on principal to principal basis is _____ Show Answer

Q139) Agency fees paid to foreign banks for arranging finance is Show Answer

Q140) is leviable on transhipment of goods at customs station in India for further transport out of India. Show Answer

Q141) Which section governs the provisions regarding determining time of supply of goods? Show Answer

Q142) The time of supply fixes the point when the _____ to/of GST arises. Show Answer

Q143) An agent is included in the definition of supplier? Show Answer

Q144) Who is the recipient in case, the consideration is payable for the supply of goods? Show Answer

Q145) Who is the recipient in case, the consideration is not payable for the supply of goods? Show Answer

Q146) Who is the recipient in case, the consideration is payable for the supply of service? Show Answer

Q147) Who is the recipient in case, the consideration is not payable for the supply of service? Show Answer

Q148) Reverse charge means the liability to pay tax by the _____ of goods or services or both instead of the _____ of such goods or services or both. Show Answer

Q149) Was the concept of arising of liability on receipt of advance applicable in pre GST Times i. e. in Service Tax Act? Show Answer

Q150) What is the time of supply of goods, in case of forward charge? Show Answer

Q151) What is the date of receipt of payment? Show Answer

Q152) What would be the time of supply in case of the balance payment? Show Answer

Q153) For amount received in excess of _____ in case of goods, time of supply at the option of supplier, be taken to be the date of invoice. Show Answer

Q154) Determine the amount of GST in case of supply of service of Rs. 15,00,000 on 04-09-2018 and invoice has been issued on 31-08-2018. The date of payment is 08-09-2018. The CGST ratehas been increased from 5% to 12% w.e.f. 01 -09-2018. Show Answer

Q155) What is the time of supply of goods liable to tax under reverse charge mechanism? Show Answer

Q156) On 04-09-2018, supplier invoices goods taxable on reverse charge basis to AB & Co. AB & Co. receives the goods on 12-09-2018 and makes payment on 30-09-2018. Determine the time of supply, Show Answer

Q157) _____ is an instrument where there is an obligation to accept it as a consideration for supply of goods or services.Voucher Show Answer

Q158) What is the time of supply of vouchers when the supply with respect to the voucher is identifiable? Show Answer

Q159) ABC Ltd. has purchased for its customers 50 vouchers dated 20-08-2018 worth Rs. 100 each from XYZ Ltd., a footwear manufacturing company. The vouchers were issued by XYZ Ltd. on 20-09-2018. The vouchers can be encashed at retail outlets of XYZ Ltd. The employees of ABC Ltd. encashed the same on 01-10-2018. Determine the time of supply of vouchers. Show Answer

Q160) What is the time of supply of vouchers when the supply with respect to the voucher is not identifiable? Show Answer

Q161) Ms. Reeta purchased a gift voucher (it can be redeemed against any product of the departmental store) from a departmental store worth Rs. 2000 on 30-07-2018 and gifted it to her friend on the occasion of her marriage on 05-08-2018. Her friend encashed the same on 01-09-2018 for purchase of a cosmetic product. Determine the time of supply. Show Answer

Q162) What is the time of supply of goods in residuary cases, in case where a periodical return has to be filed? Show Answer

Q163) What is the time of supply in residuary cases ie. in all the remaining cases where periodical return is not to be filed? Show Answer

Q164) What is the time of supply in case of addition in the value by way of interest, late fee or penalty or any delayed payment of consideration? Show Answer

Q165) What is the time of supply of service if the invoice is not issued within the period prescribed? Show Answer

Q166) Date of receipt of advance is the time of supply in case of advance received for supply for services especially when the invoice & provisioning of service is done post advance receipt. Comment. Show Answer

Q167) Continuous supply of services means a supply of services which is provided, or agreed to be provided, continuously or on recurrent basis, under a contract, for a period exceeding _____ with _____ payment obligations. Show Answer

Q168) What is the maximum time limit for issue of tax invoice in case of insurance service providers and banks? Show Answer

Q169) What is the time of supply of service in case of reverse charge mechanism? Show Answer

Q170) What is the time of supply of service in case of an associated enterprise receives services from the service provider located outside India? Show Answer

Q171) What is the time of supply of vouchers when the supply of services with respect to the voucher is identifiable? Show Answer

Q172) What is the time of supply of vouchers when the supply of services with respect to the voucher is not identifiable? Show Answer

Q173) What is the time of supply of service for the supply of taxable services up to Rs. 1000 in excess of the amount indicated in the taxable invoice? Show Answer

Q174) Mr. X has received the payment, but has not deposited the cheque in the bank account, what is the date of receipt of payment? Show Answer

Q175) Which section governs the provision for determining time of supply in case of change in rate of tax? Show Answer

Q176) In which of the following situations, 'New rate’ shall be applicable? Show Answer

Q177) In which of the following situations, 'Old rate’ shall be applicable? Show Answer

Q178) Determine the amount of GST in case of supply of service of Rs. 10, 00,000 on 04-09-2018 and invoice has also been issued on the same date. The date of payment is 30-08-2018. The CGST rate has been increased from 5% to 12% w.e.f. 01-09-2018. Show Answer

Q179) In case of continuous supply of goods, the invoice should be issued before or when the _____. Show Answer

Q180) Which notification removed the requirement of payment of tax on advance receipt in case of supply of goods? Show Answer

Q181) Is composition dealer required to pay tax on the advance received by it in respect to supply of goods? Show Answer

Q182) Benefit of non-payment of tax on advance receipts in case of supply of goods was extended to the small taxpayers having turnover upto Rs. 1.5 crore on _____ Show Answer

Q183) What shall be the due date to issue invoice in case of supply of goods? Show Answer

Q184) What will be the time of supply where multiple invoices are issued for a single consignment involving supply of goods? Show Answer

Q185) Mr. A being registered taxable person procures goods (waste & scrap) in auction from CTD of Govt, of Maharashtra. The chronology of events are as follows:
Date of receipt of goods by Mr. A: 24.09.2018
Date on which the payment is entered in the books of account of Mr. A: 21.09.2018
Date on which payment is debited in the bank account of Mr. A: 22.09.2018
What shall be the Time of supply?
Show Answer

Q186) Composite supply will attract the provisions pertaining to time of supply of goods or services. - Comment. Show Answer

Q187) In composite supply, the principal supply is supply of goods whereas the ancillary supply is supply of services. Which provision shall apply in respect of time of supply? Show Answer

Q188) Where goods are packed and transported with insurance, the supply of goods, packing materials, transport and insurance is a composite supply and supply of goods is the principal supply. Which section will govern the time of supply provisions in this case? Show Answer

Q189) _____ means a supply of goods which is provided, or agreed to be provided, continuously or on recurrent basis, under a contract, whether or not by means of a wire, cable, pipeline or other conduit, and for which the supplier invoices the recipient on a regular or periodic basis and includes supply of such goods as the Government may, subject to such conditions, as it may, by notihcation, specify. Show Answer

Q190) Comment: Time of supply in case of continuous supply of goods, in case of supplier under composition scheme, shall be the earliest of the following:
- Date of issue of invoice; or
- Due date of issue of invoice; or
- Date on which payment is entered in books of accounts of the supplier; or
- Date on which payment is credited to the bank account
Show Answer

Q191) What provisions would be applied in finding the time of supply in case of works contracts? Show Answer

Q192) What shall be the time of supply where services are supplied online? Show Answer

Q193) If 95% of the work is complete before the change in rate of tax but invoice can be raised only after completion of supply, then what is the rate of tax to be applied? Show Answer

Q194) I have raised the invoice with old rate of tax but now I am required to remit the taxes based on new rate of tax. Can I recover the additional tax payable from my customer? If yes, how? Show Answer

Q195) Will the customer be able to take credit of additional taxes referred in Q 79? Show Answer

Q196) The relaxation of non-payment of taxes on the advance receipt is only to the supplier of goods & not to the providers of service. Show Answer

Q197) _____ in relation to any goods or services or both, shall mean the person supplying the said goods or services or both and shall include an agent acting as such on behalf of such supplier in relation to the goods or services or both supplied; Show Answer

Q198) Any reference to a person to whom a supply is made shall be construed as a reference to the _____ of the supply and shall include an agent acting as such on behalf of the recipient in relation to the goods or services or both supplied. Show Answer

Q199) The time of supply to the extent it relates to an addition in the value of supply by way of interest, late fees or penalty for _____ shall be the date on which the supplier receives such additional amount, Show Answer

Q200) Mr. A entered into a contract with Mr. C & agreed to make the payment by 30th September 2018. If the payment is not made in time, then he shall pay late fees @ Rs. 100/day. No payment of late fees has been made so far. What shall be the time of supply in respect of the late fees due on Mr. A? Show Answer

Q201) Value of supply shall be the transaction value, if _____ Show Answer

Q202) What is transaction value under GST? Show Answer

Q203) ABC Enterprises, a holding company gave its car for business purposes to XYZ Enterprises, one of its subsidiaries having open market value of INR 2.5 lacs for free. What shall be the valuation of such supply for the purposes of calculation of taxes? Show Answer

Q204) Raghu purchased a new camera for INR 30,000, along with exchange of any old DSLR camera. If the exchange scheme is not present, the new camera could easily be purchased at a price of INR 42,000. What shall be the taxable value of such camera purchased? Show Answer

Q205) What shall be the applicable rate of exchange for the determination of the value of taxable goods or services or both in case of any valuation under foreign supply? Show Answer

Q206) Consideration under GST may include: Show Answer

Q207) Mr. A supplied goods worth of $50,000 for which he received payment in US dollars. Does the consideration as received falls within the ambit of money? Show Answer

Q208) Consideration excludes Show Answer

Q209) The definition of service includes the following: Show Answer

Q210) Supplier as per the Act means: Show Answer

Q211) Value of supply is considered to exclude: Show Answer

Q212) Value of supply shall be construed to include Show Answer

Q213) Dell incorporation in Delhi supplied a laptop for INR 35,000 along with an exchange of a printer from Edge Print Digital Private Limited. Value of such printer exchanged at the time of supply was found to be worth INR 5,000. However the open market value of Dell laptop was not found at the time of such supply. What shall be the value of supply of such laptop? Show Answer

Q214) What shall be the value of a supply, where the supply is made between related parties for no consideration? Show Answer

Q215) Mr. A makes a supply of 20 T-shirts to Mr.
C. Here both are related persons. Mr. C as such intends to further supply such T-shirts to his customers. Open market value of such T-shirts is Rs. 3000. In such case, what shall be the value of supply per T-shirt?
Show Answer

Q216) Mr. A enters into contract of selling the goods to Mr. B stating that all the expenses till the time goods reach Mr. B shall be borne by the supplier. The goods were sold at a price of INR 40,000. He charges packing charges of INR 1500 on such supply. Mr. A also pays freight of INR 4500 for transporting such goods from Mr. A’s premises to Mr. B’s premises. What shall be the value of such supply? Show Answer

Q217) Mr. Vijay purchased a laptop for INR 30,000 with exchange of old laptop. Open Market price of the old laptop is INR 10,000. Determine the value of supply for the purpose of levy of GST? Show Answer

Q218) Mr. A sold a mobile for INR. 28,000 with exchange of old mobile. Old mobile can be sold in the market for INR 12,000. Determine the value on which Mr. A is supposed to pay the GST? Show Answer

Q219) Mr. Dinesh sold goods worth of Rs. 57,000 to Mr. Swami. As per the terms of credit period extension specified by Mr. Dinesh, Mr. Swami was to make payment within 2 months for such supply, which he was unable to make within such prescribed time. The supplier henceforth charged interest of INR 1500 at the time of receipt of such amount. What shall be the value of supply herein? Show Answer

Q220) What shall be the value of a supply, where the supply is made between related parties for consideration of Rs. 50,000 which is half of the market value of such supply? [Assume that the person who has procured such goods is able to claim full ITC of the taxes paid.] Show Answer

Q221) What are the conditions to be satisfied for excluding any expenditure incurred by a supplier as a pure agent of the recipient of supply under valuation? Show Answer

Q222) What are the deductions allowed in case of transaction value consideration? Show Answer

Q223) What shall be the value of supplies where supplies are made to related persons? Show Answer

Q224) What shall be considered as value of supply of goods and services if made with full monetary' consideration to unrelated person? Show Answer

Q225) Mr. Ramesh, a second hand car dealer purchased a second hand car for Rs. 2,50,000. Dealer has sold the same to Suresh Ltd. for Rs. 3,00,000. Determine Value of Supply? Show Answer

Q226) Mr. A sells the goods to Mr. B for Rs. 20,000 on 1st April 2018 & allows him a credit period of 15 days post that penalty of Rs. 10 per day shall be levied on the same. Mr. B makes a payment of Rs. 20,000 on 30th April 2018 & Mr. A agreed for the same. What shall be the value on which tax shall be levied? Show Answer

Q227) ABC consultancy firm is engaged to register a company for TRANS Ltd. Other than professional fees ABC consultancy also recovers fees paid to ROC on behalf of the TRANS Ltd. Determine Value of Supply? Show Answer

Q228) Mr. B is providing construction services to Mr. Z. In addition to the consideration, Mr. Z is also supplying construction material to Mr. B. Determine Value of Supply to levy of GST? Show Answer

Q229) Duplex Enterprises sold a bike for Rs. 40,000 to Sudesh Enterprises. Open Market price of the bike is Rs. 62,000. Both firms are registered under the same PAN. Determine the value of supply keeping in mind the fact that Sudesh enterprises cannot take the credit of the same. Show Answer

Q230) Aaron Ltd. sold a product for Rs. 42,000 to Mr. Shiv. Open Market price of the product is not available. Product of same like kind & quality is also not available in the market. Cost of purchase of product is Rs. 60,000. Mr. Shiv holds 30% share in Aaron Ltd. Determine the value of supply for the purpose of levy of GST considering the fact that Mr. Shiv cannot take the credit of the taxes paid. Show Answer

Q231) A Ltd. sold a product for Rs. 34,000 to Mr. X. Mr. X is selling the same like kind of product to his consumer for Rs. 60,000. Mr. X holds 30% share in A Ltd. Determine the value of supply for the purpose of levy of GST. Show Answer

Q232) Mr. Ajit being a principal, supplies groundnut to his agent Mr. Saurav and Mr. Saurav is supplying groundnuts of like kind and quality in subsequent supplies at a price of INR 5000 per quintal on the day of the supply. Another independent supplier Mr. James is supplying groundnuts of like kind and quality to Mr. Saurav at the price of INR 4,550 per quintal. What shall be the value of supply Show Answer

Q233) Mr. Z is selling a product for Rs. 1,050 inclusive of GST. Rate of CGST & SGST will be 2.5%. Determine the value of supply Show Answer

Q234) What are the conditions to be fulfilled for a price to be termed as ‘open market value’ under valuation rules? Show Answer

Q235) What does goods or services of like kind and quality means? Show Answer

Q236) What are the conditions to be complied with in order to ensure that the transaction value is the taxable value? Show Answer

Q237) What shall be the open market value of the goods and services in case where the supply is made within the related parties & the recipient is eligible to claim input tax credit? Show Answer

Q238) Mr. Anil is an Air travel agent. He collected INR 50,000 (Basic fare for domestic booking) and INR 100,000 (Basic fare for International Booking). What shall be the value of supply under this case? Show Answer

Q239) What does the term basic fare means in the concept of value of supply in case of Air travel agent? Show Answer

Q240) What shall be the value of supply between a principal and agent oriented transaction? Show Answer

Q241) What are the conditions prescribed for deduction of discount from the value of taxable supply, when made after supply? Show Answer

Q242) Money as a legal tender excludes: Show Answer

Q243) Which of the following does not comes within the definition of person? Show Answer

Q244) Mr. Abhinav purchased goods worth INR 20,000 from Mr. Shyam. However when the supply was about to be received, Mr. Abhinav sent his agent to receive such supply on his behalf. Does the agent herein this case qualify as recipient under GST? Show Answer

Q245) Who shall be the recipient in case where no consideration is payable for a supply? Show Answer

Q246) Ramesh took $5000 in bank and exchanged it with INR for which he got INR. 363,000. The Bank deducted commission on such transaction of exchange. Does the same qualify as services i from Bank? Show Answer

Q247) Mr. Peter entered into an agreement with Mr. John for supply of Shirts worth $ 1500. However due to some foreign obligations, he took a foreign visit and made his agent to supply such goods to Mr. John. Does the agent qualify as supplier in the aforementioned case? Show Answer

Q248) Varun purchased certain goods wrorth INR 17,000 from Dushyant Foods Pvt. Ltd. As a matter of security, Varun made a request to the supplier to provide for an additional packaging on the given item for safe transportation which cost around INR 1500. The supplier charged value of the additional packaging separately after the supply was made. What is the final value of such supply made? Show Answer

Q249) Jiffy Foods Pvt. Ltd gives discount of 30% on the list price to its distributors as per its contract. As per invoice raised on the items supplied per carton, the list price on the same amounts to INR 500. What shall be the taxable value of such supply, given that the discount is allowed at the time of supply and show'n in invoice? Show Answer

Q250) What are the notified supplies under Section 15(5)? Show Answer

Q251) What shall be the value of supply where parties to supply are related and the recipient to such supply intends for further supply of such goods? Show Answer

Q252) What shall be the value of supply in case of Life insurance Business services? Show Answer

Q253) True or false: There are separate valuation provisions for CGST, SGST and IGST and for Goods and services as per section 15. Show Answer

Q254) When are the provisions of Valuation Rules applicable? Show Answer

Q255) True or false: Reference to GST Valuation Rules is required only in cases where value cannot be determined under sub-section (1) of Section 15. Show Answer

Q256) Jason Forex Private Limited being a registered person under GST purchased 2000 USD from Arpit Enterprises at the rate of INR 70 per USD. RBI reference rate as on the date was INR 70.50. What shall be the value of such supply? Show Answer

Q257) Jason Forex Private Limited being a registered person under GST sold 2000 USD to Arpit Enterprises at the rate of INR 70 per USD. RBI reference rate as on the date was INR 70.50. What shall be the value of such supply? Show Answer

Q258) What shall be the valuation rules to be applied on import of goods? Show Answer

Q259) What shall be the valuation rule in case of import of services? Show Answer

Q260) When will the recipient and supplier be treated as related persons under GST? Show Answer

Q261) What shall be the valuation rule in case of Interest charged for payment after due date? Show Answer

Q262) What shall be the treatment of subsidies received from Central Government while deriving transaction value? Show Answer

Q263) What shall be the treatment of subsidies received from BAC Private Limited while deriving transaction value? Show Answer

Q264) Ram being a Chartered Accountant provided certain professional services to his client. However during such course of action, some out- of pocket expenses were incurred, which Ram claimed for reimbursement from his client. Does the same be included in the transaction value? Show Answer

Q265) Does the custom duty paid by Custom house agent forms part of transaction value for the purpose of calculation of IGST? Show Answer

Q266) What shall be the value of supply in case of purchase or sale of foreign currency? Show Answer

Q267) What shall be the value of supply in case of Air travel tickets booked by an Air travel Agent? Show Answer

Q268) Value for GST _____ IGST, CGST, SGST, UTGST & GST Compensation Cess. Show Answer

Q269) Comment: If the amount is the contractual liability of the supplier but paid by the recipient on his behalf, that amount will be includible in ‘value’ for purpose of payment of GST. Show Answer

Q270) Which of the following are the examples of incidental expenses incurred before supply? Show Answer

Q271) Comment: Interest or late fees or penalty for delayed payment of any consideration for any supply is includible in the value when the time of supply on it arises. Show Answer

Q272) GST _____ leviable on the normal interest payable by the recipient as per the agreed terms of contract. Show Answer

Q273) Mr. A supplied services of Rs. 12,000 to Mr. ? & such services are covered in reverse charge mechanism. What shall be the taxable value in this case? Show Answer

Q274) If goods are cleared without payment of duty and later demand is raised, the invoice value should be taken as _____. Show Answer

Q275) Subsidies directly linked to the price _____ subsidies provided by the Central and State Governments are includible in ‘value’ for charge of GST. Show Answer

Q276) Subsidies not directly linked to the price _____ subsidies provided by the Central and State Governments are includible in ‘value’ for charge of GST Show Answer

Q277) Ad-hoc discounts given after supply is _____ for deduction from value. Show Answer

Q278) A deposit, _____, givenin respect of the supply of goods or services or both shall not be considered as payment made for the supply unless the supplier applies the deposit as _____. Show Answer

Q279) Mr. A supplied to his related party Mr. B goods for a value of Rs. 200,000. The open market value of such goods is Rs. 150,000. Is the transaction value acceptable for the valuation provisions in GST? Show Answer

Q280) Mr. A, B, C & D entered into a partnership & started their own firm. Will these four be considered as related parties? Show Answer

Q281) “Family” for the purposes of finding the related person shall be: Show Answer

Q282) _____ has been provided for dealers in second hand goods. Show Answer

Q283) What shall be the value of a token, voucher, coupon or stamp which is redeemable against a supply of goods and services? Show Answer

Q284) Where a new phone is supplied for twenty thousand rupees along with the exchange of an old phone and if the price of the new phone without exchange is twenty four thousand rupees. What shall be the value for the purposes of GST of the new phone? Show Answer

Q285) Where a laptop is supplied for forty thousand rupees along with the barter of a printer that is manufactured by the recipient and the value of the printer known at the time of supply is four thousand rupees but the open market value of the laptop is not known. What shall be the value of laptop for GST purposes? Show Answer

Q286) Corporate services firm A is engaged to handle the legal work pertaining to the incorporation of Company B. Other than its service fees, A also recovers from B, registration fee and approval fee for the name of the company paid to the Registrar of Companies. The fees charged by the Registrar of Companies for the registration and approval of the name are compulsorily levied on B. Will the GST be levied on the registration fee so paid by Firm A? Show Answer

Q287) Is there any specific valuation mechanism provided for composite supplies and mixed supplies? Show Answer

Q288) Will the Customs Valuation apply to IGST payable on import of services? Show Answer

Q289) Will the out-of-pocket expenses charged by professionals to claim reimbursement of expenses incurred by them for rendering services to their clients be included in the transaction value? Show Answer

Q290) The value of supply of goods and services shall be the Show Answer

Q291) Section 7 of the CGST Act, 2017 defines the term 'supply' which are further being enumerated in the various schedules as specified in that section. The section includes certain transactions which are even without consideration but being construed as supply and also known as deemed supply. Such transactions are being specified in ............ Show Answer

Q292) Permanent transfer or disposal of goods forming part of business asset by or under the directions of the person carrying on the business whether or not for consideration as well as transfer of title in goods under an agreement where property in goods passes at a future date on payment of full consideration as per Schedule - II of the CGST Act, 2017 to be treated as ........ Show Answer

Q293) Construction of a complex, building, civil structure or the part thereof including a complex or building intended for sale to a buyer, wholly or partly except where the entire consideration has been received after issuance of completion certificate, where required, by a competent authority or after its first occupation, whichever is earlier as per section - 7 of the CGST Act, 2017 read with item specified in schedule is known as.. Show Answer

Q294) Ram & Company of Delhi has taken a contract to supply of food in New Delhi-Mumbai Rajdhani Express and the supplies of food in the train are being taken on board of Kota in Rajasthan from Agarwal Food & Caterers. The place of supply in such case shall be
Show Answer

Q295) Mr. Ravi Raj a registered person based in Ahmedabad solicits the services of an Event Management Company based in Mumbai for his daughter's marriage planned as a destination wedding at a Palace located in Udaipur. The place of supply in this case shall be _____ and tax to be charged under _____ .
Show Answer

Q296) ABC Ltd., supplied goods to XYZ Ltd. under a contract for the goods to be delivered to the factory of XYZ Ltd. The goods were removed from the factory of ABC Ltd. on 9th September, 2022 and the goods were delivered to the factory of XYZ Ltd. on 15th September, 2022.
The invoice was issued on 18th September, 2022 and the payment was credited to ABC's account on 20th Oct., 2022 although the entry in the books was made on 19th Sept., 2022 when the cheque was received. The time of supply in this case will be: Show Answer

Q297) What will the value of supply of the mobile phone sold by Micromax to Anil Kumar for Rs.35,000 in exchange with of his old mobile phone. The sale price of the new mobile phone without exchange is Rs.40,000. The value of old mobile phone so exchanged was of Rs 7,000. Show Answer

Q298) Mishra Enterprises had made supplies of Rs 5,50,000 to Bee Kay Enterprises. Municipal Authorities of Jaipur on such supplies levied the tax @ 10% of Rs 55,000. CGST and SGST chargeable on the supply was of Rs 66,000. Packing charges not included in the price of Rs 5,50,000 amounted to Rs 15,000. Subsidy of Rs 25,000 was received from an NGO on the sale of such goods and the price of Rs 5,50,000 is after taking in to account the amount of subsidy so received. Discount offered is @ 1% which was mentioned on the invoice. The value of supply in this case shall be...... Show Answer

Q299) Babbur Automobiles of Jaipur has supplied the goods of Rs 2,66,090 to Goel Automobiles of Ajmer in the month of March, 2023. The supply so made was inclusive of tax charged as CGST and SGST which on the products so sold as per rates prescribed under CGST Act, 2017 is @ 18%. The value of supply as per Rule 35 of the CGST Rule, 2017 of such supply shall be Show Answer

Q300) A machine which is taxable under GST at the rate of 18% was supplied on 10-06-2022 for which invoice was issued by the supplier on 03-08-2022 and payment was received on 10-08-2022. The rate of tax on the machine meanwhile was changed to 12% wef 01-08-2022. The supply of machine shall be charged to tax under GST at the rate of Show Answer

Q301) Section 15 of the CGST Act read with CGST Rules states that the value of taxable supply under GST is the transaction value. Further section 15(3) of the CGST Act defines items not to be included in the transaction value. Find from the following which shall not to be included in determination of the value of taxable supply Show Answer

Q302) Dhanvarsha is a lottery, authorized on 21 March, 2023 by the Rajasthan Government having face value of the ticket of Rs 500 each. The draw of the lottery is scheduled to be held on the occasion of Diwali festival in November, 2023. The value of supply of one lottery ticket under Rule 31A of the CGST Rules, 2017 shall be taken at Rs _____ when the price of each of the ticket as notified in the Official Gazette by the Rajasthan Government is of Rs 385. Show Answer

Q303) Mishra Enterprises of Ahemdabad had made supplies of Rs.3,50,000 to Beeta Enterprises of Ahemdabad. Municipal Authorities of Ahemdabad on such supplies levied the tax @ 10% of Rs.35,000. CGST and SGST chargeable on the supply was Rs.42,000. Packing charges not included in the price of Rs.3,50,000 amounted to Rs.5,000. Subsidy of Rs.20,000 was received from an NGO on the sale of such goods and the price charged of Rs.3,50,000 is after taking in to account the amount of subsidy so received. Discount offered is @ 2% which was mentioned on the invoice. The value of supply in this case shall be Show Answer

Q304) Baba Automobiles had supplied the goods to Gogia Automobiles in the month of March, 2023 of the invoice value of Rs.4,72,000. The supply so made was inclusive of tax charged as CGST and SGST which on the products so sold as per rates prescribed under CGST Act, 2017 is of 18%. The value of supply as per rule 35 of the CGST Rules, 2017 of such supply shall be ---- Show Answer

Q305) Supply of goods by a principal to his agent where the agent undertakes to supply such goods on behalf of the principal and supply of goods by an agent to his principal where the agent undertakes to receive such goods on behalf of the principal are even without consideration but are construed as specified in Schedule - I of the CGST Act, 2017 as Show Answer

Q306) Two or more taxable supplies of goods/services/both, being supplied in conjunction with each other, are deliberately bundled, a single price is charged for the supply and none of the supplies within the package is identifiable as principal supply is known under GST as Show Answer

Q307) Few activities as specified in Schedule-III of CGST Act, 2017 shall be neither treated as supply of goods nor supply of services. Find out from the following activities which shall be neither treated as supply of goods nor supply of services as specified in this schedule:
(i) Actionable claims other than lottery, bating, gambling (ii) Services from employee to employer
(iii) Transportation of the deceased
(iv) Renting of immovable property Show Answer

Q308) Section 2(30) of CGST Act, 2017 defines Composite Supply made by a taxable person to a recipient and the tax under GST on such composite supply is to be charged at the rate which is applicable to the Show Answer

Q309) The exempt supply has been defined as supply of any goods/services/both, which attract a Nil rate of tax, or which may be wholly exempt from tax, and therefore, also includes non-taxable supplies. Find which out of the following is covered as an exempt supply under GST. Show Answer

Q310) The supply of Goods/Services / both under the CGST Act, 2017 and the UTGST Act, 2017, where location of supplier and the place of supply are in the different State or in different Union Territory is known as a Show Answer

Q311) Ramiz Ahmed, unregistered person based in Lucknow engages the services of an Event Management Company based in Delhi for his son marriage planned as a destination wedding at a Palace located in Jaipur. The place of supply in this case shall be ____ and tax to be charged under ____ Show Answer

Q312) The place of supply (POS), in the case of passenger transportation services as defined in section 12(9) of the IGST Act, 2017 provided to a registered person shall be the
Show Answer

Q313) ATOZ Ltd. supplied goods from its factory at Bikaner to PQR Ltd. under a contract for the goods to be delivered at the factory of PQR Ltd. located at Udaipur. The goods were removed on 9th September, 2022 from the factory of ATOZ Ltd and were delivered to the factory of PQR Ltd located at Udaipur on 15th September, 2022.
The invoice was issued on 18th September, 2022 and the payment was credited to the bank account of ATOZ Ltd. on 20th October, 2022 for which the entry in the books was made on 19th Sept. 2022 when the cheque was received. The time of supply in this case will be Show Answer

Q314) The time of supply (TOS) as per CGST Act, 2017 under Reverse Charge Mechanism (RCM) shall be Show Answer

Q315) An advance of Rs 75,000 was received on 25th August, 2022 against the services rendered on 12th September, 2022 for the total value of Rs 3,00,000. Invoice was also issued on the same day being 12th September, 2022 and the balance payment of Rs 2,25,000 was received on 18th September, 2022. The time of supply and the value of supply under CGST Act, 2017 shall be:
Show Answer

Q316) Nandita buys a voucher from Shoppers Stop on 14 February, 2023 for a value of 11,000 for giving as a gift to her brother having validity of the voucher for encashment till 03 March, 2023. The gift voucher so given by Nandita to her brother was redeemed by him on 1st March, 2023. The time of supply in this case shall be Show Answer

Q317) Which of the following shall not be treated as deemed supply under GST ? Show Answer

Q318) Which of the following will not fall in the category of 'supply
of service'? Show Answer

Q319) Which of the following would be treated as deemed supply
of goods or services? Show Answer

Q320) Soundarya & Co. sold product A, Product B and Product C as mixed supply. If sold separately the applicable GST rates are 5%,12% and 28% respectively. What GST rate would apply when they are supplied together?
Show Answer

Q321) For a trader in the State of Uttarakhand, what is the turnover limit for supply of goods in order to opt for Composition Scheme?
Show Answer

Q322) Which of the following will not fall in the category of 'supply
of service'? Show Answer

Q323) Which of the following would be treated as deemed supply
of goods or services?
Show Answer

Q324) Soundarya & Co. sold product A, Product B and Product C as mixed supply. If sold separately the applicable GST rates are 5%,12% and 28% respectively. What GST rate would apply when they are supplied together?
Show Answer

Q325) For a trader in the State of Uttarakhand, what is the turnover limit for supply of goods in order to opt for Composition Scheme?

Show Answer

Q326) Dhoni & Co., Delhi placed order with Rahul Trade LLP., Bengaluru for supply of 40 laptops to be delivered to its branch at Chennai. The supplier Rahul Trade LLP directed its branch in Coimbatore to deliver the same. What is the place of supply in this case?
Note: Chennai and Coimbatore are in the same State of Tamil Nadu. Show Answer

Q327) Chennai Branch of BA Trainers Ltd rendered training to employees of CD Co. Ltd. of Hyderabad at Lonawala near Pune (Maharashtra). The head office of BA Trainers is located in Kolkata. Where is the place of supply of services?
Show Answer

Q328) Q Ltd, Kanpur supplied goods to R Ltd. of Delhi. The goods were removed on 20.10.2022 and were delivered on 23.10.2022. The invoice was issued on 02.11.2022 and the payment for supply was received on 31.12.2022. What is the time of supply?
Show Answer

Q329) What is the time of supply in the case of reverse charge mechanism?
Show Answer

Q330) What is the time of supply of service under reverse charge mechanism?
Show Answer

Q331) Which of the following will not be included in the value of taxable supply?
Show Answer

Q332) When the value of supply is not determinable, the value as per Rule 30 of CGST Rules, 2017 shall be:
Show Answer

Q333) Manked & Co. Delhi made supplies of Rs.4,15,000 to Gupta & Co. of Noida (UP). Besides, it charged Rs.10,000 towards packing charges. Mankad & Co. received Rs.25,000 as subsidy from an NGO for such supply. It allowed discount @ 2% which is mentioned in the invoice. What is the value of suplly? Show Answer

Q334) JCC Professional Services is a firm constituted by Company Secretaries having office at Jaipur has been engaged by PQR International Ltd. Mumbai for providing training to its employees working in Nagpur office. The place of supply (POS) in this case shall be.....and tax would be charged by JCC Professional Services under..... (Assuming that the client was unregistered) Show Answer

Q335) Supplies made under the CGST Act, 2017 to SEZ be treated as ____ and the supplies which are taxable but do not attract GST and for which ITC cannot be claimed be treated as ------- Show Answer

Q336) Surya Enterprises received advance amount of Rs.2,00,000 on 12-09-2022 from Ravi Kant against which invoice for the value of goods of Rs.1,90,000 was issued on 16-09-2022. Balance amount of 10,000 on the request of Ravi Kant was to be adjusted in the next bill which was issued by Surya Enterprises on 03-10-2022. The time of supply (TOS) for the amount of Rs.10,000 under GST shall be -----

Show Answer

Q337) Vikas Ltd. provides following information and details for the month of November 2021:
1. Intra-state outward supply Rs 9 Lakhs
2. Ingter-state exempt outward supply Rs 6 Lakhs
3. Turnover of exported goods Rs 12 Lakhs
4. Payment made for availing GTA services Rs 1 Lakh
The aggregate turnover of Vikas limited for the month of November, 2021 shall be: Show Answer

Q338) Madhu Sudan of Kota an unregistered person engages Wedding Event Company registered at Delhi for a destination marriage of her daughter Radhika to be solemnized in November, 2023 at Royal Palace of Jam Nagar, Gujarat. State and find out the place of services (POS) as per provisions of IGST Act, 2017 in this case. Show Answer

Q339) Ashok supplies goods to Bhanu who further supplies such goods to Chetan on behalf of Ashok. The consideration for such supply was guaranteed by Bhanu if not paid by Chetan. State the relationship as per provisions of CGST Act, 2017 between Ashok and Bhanu. Show Answer

Q340) Rajasthan State Government runs a Lottery "Dhan Varsha" draw of which to be made on Diwali, 2023. The tickets having face value of Rs.100 each were supplied to agents for 95 each whereas the price as notified in the official Gazette of Rajasthan Government was Rs.92 of each ticket. State the value of the ticket as per Rule 31 A of the CGST Rules, 2017. Show Answer

Q341) JC & Co., Chartered Accountants operating at Mumbai provided services to a client and issued the bill as under:
(i) Professional Fees Rs.1,00,000
(ii) Out of pocket Expenses Rs.10,000
(iii) MCA fees for e-filling of documents Rs.5,000 The value of service for the purpose of paying tax under GST would be taken as.......... Show Answer

Q342) Services provided by way of warehousing of certain specified goods are exempt under CGST Act, 2017. Find out from the following which in this context are exempt:
(i) Processed Tea
(ii) Jaggery
(iii) Processed Coffee
(iv) Unbranded Besan Show Answer

Q343) Ascertain and find out as per provisions of CGST Act, 2017 and the notification issued thereunder which of the following is a correct statement?
(i) Services provided by government ITI's to individual trainees are exempt from GST.
(ii) Services provided by State Government and private sector service providers by way of transportation of patients in ambulance are exempt from GST.
(ii) Service of renting shops in a hospital are exempt from GST being health care services.
(iv) Service provided by police to PSU's are taxable. Show Answer

Q344) Unless and until notified by the Central Government on the recommendation of the Council, CGST or IGST or UTGST shall not be levied on the following supplies:
(i) Petroleum Crude and High Speed Diesel (ii) Motor Spirit
(iii) Natural Gas and Aviation Turbine Fuel Show Answer

Q345) As per Section 17 of CGST Act, 2017, for banking companies using inputs and input services partly for taxable supplies and partly for exempt supplies, which of the following statement is true? Show Answer

Q346) A is an Air Travel agent. He collected 50,000 (Basic fare domestic booking) and 1,00,000 (Basic fare for International Booking). As per Rule 32 of CGST Rules, 2017, the value of supply under this case will be:
Show Answer

Q347) What is the time of supply of goods, in case of supplier opting for composition levy under section 10 of the CGST Act, 2017 ?
Show Answer

Q348) As per section 25 of CGST Act, 2017, when employer gifts goods or services to his employees, it will not be considered as taxable supply for the purpose of GST; if the value of supply to an employee does not exceed : Show Answer

Q349) Srikar of Hyderabad, purchased goods for Rs.12,00,000 from Arnav of Mumbai and hold the goods at the location of supplier at Delhi. Which shall be the place of supply in such a case: Show Answer

Q350) Which of the following is not considered as deemed supply under CGST Act, 2017 ?
Show Answer

Q351) As per Rule 31A of CGST Rules, 2017, what shall be the value of supply in case of lottery run by the state government:
Show Answer

Q352) Tanishqa of Delhi provides repair and maintenance services of machinery to Harika in Goa. Harika was registered in Orissa. What shall be the place of supply in respect of repair and maintenance services:
Show Answer

Q353) DSR Ltd. is a manufacturer of food products supplied in a package consisting of chocolates (GST Rate 12%), cakes (GST rate 18%) and sweets (GST Rate 28%). The price per package is ₹1,250 (exclusive of taxes). In a month, 1,200 of such packages were supplied by the company. What is the nature of supply and the amount of GST ?
Show Answer

Q354) Rule 30 of the CGST Rules, 2017, inter alia provides value of supply of goods or services or both based on cost shall be..... % of cost of production or manufacture or the cost of acquisition of such goods or the cost of provision of such services. Show Answer

Q355) The time limit beyond which if inputs sent for job work is not returned will be treated as supply in CGST Act, 2017: Show Answer

Q356) As per Schedule II of the CGST Act, 2017, Renting of immovable property, for residential purpose is: Show Answer

Q357) Gst is payable in respect of services rendered to an employer by an employee on Show Answer

Q358) The relief of not paying GST at the time of receipt of advance under forward charges is available in case of: Show Answer

Q359) Deemed exports mentioned in which section: Show Answer

Q360) Appointed day means
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Q361) Taxable levy in case of manufacture under composite scheme is: Show Answer

Q362) Participation of ITC value chain in composition scheme
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Q363) What sort supply is a pack of Belt and Wallet?
Show Answer

Q364) What is time of supply of goods under CGST Act, 2017? Show Answer

Q365) What is the time of supply of vouchers when the supply with respect to the voucher is not identifiable? Show Answer

Q366) What is the time of supply of service if the invoice is issued within 30 days from the date of provision of service?
Show Answer

Q367) What is the time of supply of vouchers when the supply with respect to the voucher is not identifiable?
Show Answer

Q368) The value of supply should include
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Q369) If the goods are supplied to related persons then how should the taxable person ascertain the value of supplies?
Show Answer

Q370) Which of the following will be excluded from the consumption of 'aggregate turnover'? Show Answer