Paper / Subject Code: 83015 / Direct & Indireet Taxation Paper - If ‘Time: 3 Hours 3 ‘Total Marks: 100 N.B. (1) All questions are compulsory. (2) Figures to the right indicate fill marks allotted to the question. (3) Working Notes should fonn part of yoiir answer. (4) Calculate figures up to two decimal points, wherever reqilired. (6) Provisions of GST Act is on 1-4-2022 have to be considered. Amignidments ‘made to the Act thereafler are to.be Igno aw Q.1 a}: Select the most appropri 1. SGST is applicable when $ (2) Goods are sold within the sate J (©) Goods aire sold from one GST dealer a custome? (©) Goods are sold om one.GST dealerto anotherGST dealer (@) Intestate supply ‘year for opting *(b) 10,00,000 © 75300,000 (@,50,00,900 > 3. is exempted from GS: {(@) Any Business exhibition _~ © (b) A business exhibition in India © © A business exhibition otitside India > a (d)'None of the Above 5 4, Tax invoice must be issived by SG) Bvegeruplir o (0) Every person. oo (©) Bvery registered persoitnot pay tax under compositio (@All the above" $ : © 5. Ahe liability to pay tax on goods shall svngal the = <(@) Dispatch of goods () Removal of goods (©) Titte of supply & @Delivery.6f goods = ‘ S° 6. Mr. Kamalesh purchaséd goods for which tx invoice was Rs.1,00,800 including IGST of 12% on suppliés made bythim. 3 © The Input tax credit under IGST shall be s (@) Rs.J0,800 (©) R5.12,096 © Rs. 6,048" S (@ Rs.5,400 24541, : Page 1 of 18 a3 ‘603344AE376I9ESC2DS7IEDAOTECAASI Duarmieu wiul LamScaPaper / Subject Code: 83015 / Direct & Indirect Taxation Paper - 11 . refers to receipt of goo or servieésor both whether by’ purchase, ‘equisition or any other means with or without consideration. (2) Outward supply (b) Inwards Supply (©) Taxable Supply (@) None of these (@) Common Supply (b) Principal Supply (©) Mixed Supply (@ Continucus Supply 9. Tax rate on Goods is! ‘aetermined by (@) Union Budget., z (©) State Budget (©GST couneil £2) Central Goveramen'in conslton witStategoyeinment 10¢Every person shall have inorder toe el < @ Aadhar card 3 io < @) TAN Number” 2 @PAN Number > (@) VATIService Tax Number 2 ‘ ‘Taansfer of ke tle ia goods ie supply oS () Services. 2 Both gS (@None ofthese 12:GSTIN refers to (@) GST Information Number (©) GST Information and Network {@ OST ide ification Number, Ub State iether th ellowing Statements re ‘True 6r False: (Any Ten) (10) iar set-off CST carbe used towards the payment of IGST. A. The balance of CGST er 2 Value of supply'is the amount upon {which tax, slevied and collected. . Actegistered erson supplying tagable sont issue a tax invoice within 30 days from the date _ofupply of goods.” Page 2 of 18 (683344AB37619ESC2D8716DA07ECAASI Dualmieu wiul LainSca 4,Paper / Subject Cove: 83018 / Direct & Indirect Ta n Paper 6. Unidet forward charge, the recipient af goods oF services is Hable to pay tax 7, Services to the Reserve Dank of India are exempt 8. Place of supply of goods exported from India shall be the location of an exporter, 9. Services by any court or tribunal established under any law is the supply of services, 10, The rate of composition for trading fires 5%. 11. Under GST taw, the Value of supply shall not inelude incidental experites 12. Input Tax Crest shall be allowed only on thé support of Tax Invoige. Q.28) Mr. Vijay is an Engineer, provides you with the following information 9) Particulars |1) Received fees for advice in relation to setting up an Institute [2,50 2) Received fees for professional advice to his friend 1,75,06 [ 3) Fees received for technical assistance in software . | 1,25,000 | 4) Professional advice to his friend free of charge [85,000 | 5) Received fees for consultancy services in Networking 7,530,000 6) Salary received from employer for part-time job 1,00,000 7)-Purchase of stationary for office work 1,60,000 | Compute the value of Taxable Services andthe Goods and Seviees Tax payable, All amounts given ‘exclude Goods and Services Tax, Rate: ofcast QM and SOST @%,- Q2b) Determine the Time of supply in each ofthe following cases as per the provisions of GST Act. = < (10) Sr.No, [Date on which goods | Date of Invoice] Date of receipt of are made available [payment T 17-04-2022 | 20-0483022 [18-04-3022 2 15-05-2022 14-05-2022 _| 31-05-2022 3 18-06-2022 01-06-2022 10-06-2022 4 (07-07-2022 14-07-2022 21-07-2022 5 24-08-2022 30-08-2022 18-08-2022 6 21-09-2022 17-09-2022 25-09-2022 7 14-10-2022 11-10-2022 25-10-2022 8 (02-12-2022 28-11-2022 (02-12-2022 9 (05-01-2023 10-02-2023 25-01-2023 10 16-02-2023 16-02-2023 06-02-2023 OR 24541 Page 3 of 18 SUSSAAABSIGISESCIDITIODATTECAASL 6 a reaty WILL UaTIISCAPaper / Subject Code: 83015 / Direct & Indirect Taxation Paper 11 Q2e) Classify the following activites Taxable Supply and Non-Taxable Supply (ao) Particulars Re. 1. Remuneration received as a Member of Parliament (MP) 975,000, 2. Royalty received from the petmanent (ransfer of trademarks 2,00,000 3. Coaching in recreational activities inYélation toatts =” [375,000 4, Speed post services 7 = . i[1,50,000|° 5. Rent received for residential house z =| 2,50,000 6. Receipts from supply of farm labour S 2,55,000 7. Courier services * y S 4,175,000 8. Toll receipts from highway-of Mumbai to Pung z 235,000 9. Sold goods to Mr. Nagesh of Nasik : = 1,80,000. 10. Renting of immovable property to commercial coaching centve~ 224) Determine the Time of suppfy in each ofthe folling cases as per the provisions/of GST Act, 2,10,000 $ ‘ “ (10) Date of Supply Date of Invoice < «of Services = = payitient S a 2 12-10-2022 1-1-2022 Jf 10-11-2022 £ ~ 208-1202 05-12-2022 | 25-12-2022" $ 3 10-11-2022 20212-2022: =22-12-2022 a= 17211-2022 =2 7-11-2022" 03-11-2022, 5 0-11-2022 1 05-12-2022 15-12:2022_S 6 15-11-2022 [18-12-2022 _\|* 2519-2092 7 23-11-2022 28-12-2022 > 20-11-2022 8 25-11-2022 29511-2022 02-11-2022 os (06-12-2022. 0-12-2022 17-12-2022 10 (09-11-2022 = 15-12-2022 (04-12-2022 fered. in state of Maharashtra; provides your following details for the month April, 2022, Calculate Net Tax Liability of GST. (10) Opening Balance it Electroni¢.credit ledger as on 1°"April,2022. ¢ S IGSTRs. 2,00,000 ; °° CGST Rs. 50,0005: SGST Rs. 1,00,000 < [Particulars = = z Rs, «| Sold Goods @ 18% GST To Vaibhav, in Karad 12,00,000 & [Bold Goods @28% GST-To Apamain Pune 8,00,000 & | Provided services @ 5% GST to Sunil in Tamilnadu 30,00,000 : Provided services @ 12% GST to Prakash in Uttaranchal 40,00,000 Purchased goods @ 12% GST from Jabalpur 28,00,000 Purchased goods @ 28% GST From Nagpur 30,00,000 Availed services @ 28% GST from 7,50,000 ‘Availed services @ 5% GST from Sangli 90,000 Page 4 of 18 “ © 6B3344AE37619ESC2D8716DA07ECAASI . . Dcammeu wiul LariScaPaper / Subject Code: 83015 / Direct & Indirect Taxation Paper = 1 Cases with Feasons: 1) Q.3 (0) Determine the place of Supply in follov 1. Mr. Arbaz is an engineer of Delhi who gives services for the consteuction of plant in Mexico, 2- Mr. Shrimant, registered perso of Sharan sends goods through courier to one oF his fiends in Dharsshiv. 3.Mr. Kashinath, resident of Kundival, takes landtine telephoite connection from a company based in Delhi. A ray ‘ . 4.TISS company of Pune has contd with Taning ntti Mima tofain thei employees: The training was given to employees in Bangalore. 5. Ms. Sadhana of Jaipur not having bank. ‘account in Cochin takes a demand draft from Central Bank of Cochin for the purpose of education, =~ $ 2 SOR il atculate Net ost & (10) Mrs: Seema a registred déaerin theiate of Maharashtra provides YoU With the Following details fort the month of April 2022, * © [Sold'goods @5% GST jo Abhijeet in Mysore Sold goods @ 12% GST to Rajuin Pune == - | Purchased Goods @ 12% GST from Kalva Provided services @ 18% GST to Mano in Valsad Provided servioes @ 18% GST toDilip ia Kavad 150,000 -Availed services / Inward supplies @ 5% GST from Bangalore | 3,00,000 Q 3 (6) Determine te place of Sippy i following cases es with reasons: (10) 1..Ms, Aditi of Mumbai visits a hotel located in Satara and stays for 15 days, 2-Mt Krisha of Panjh purchases ticket for watching a movi in Delhi. 3. A caterer Provides services. on board i fae. 454]. + Page 5 of 18 r : (6B3344AE37619E5C2D8716DAOTECAASL Dcaimieu wiul LariScaPaper 1 Subject Couet RIOIS/ Direct & Inlceet Taxation Papert 4M Raniah of Rajapur purchased. a mobile fom a shop in avo, Gj & Mi Nayak residing in Kolhata, tavels by Jet Aitines from Mumbai to Banyatore and arets ave Insurance done in Chennai. Q.h0 Mf Raja Enterprises ha provided the following particulars relating tot ood wold by it to Mis Rani Enterprises (10) ae c 450,000 (Exclusive of Expenses, Taxes and Discouni E | F88 !vied by Municipal Corporation on ale of goods Sf, Packing Charges E ST and SGST chargeable on the goods Charges for designing the machine Commission paid by M/s Rani Enterprises on behalf of Ms Raja Enterprises | _ ‘Subsidy received from NGO = he list price of Rs.4,50,000 is after cdasidring the subs M/s Raja Enterprises offers 10% trade: discount on the list price of the ‘goods, Determine the value of Taxable supply made ‘by M/s Raja Enterprises. Also, éalculate SGST @ 9% ‘and CGST @ 9%, Q4.b) Abhinay Lid. is a ‘manufacturing concem in Maharashtra, It wants to ‘opt for a composition ‘scheme. It furnishes you with the following information for the year 2022-23, Kindly advise: s > F (10) 4) Are they eligible to opt for the composition scheme? b) If yes, then calculate their: ‘composition tax liability (SGST @05%and CGST @ 0.5 ‘The break-up of supplies is as follows: Particulars : Rs, Intra-state supplies which are wholly ‘exempt r 50,00,000 Value of inward supplies, which tax is payable under Reverse charge 15,00,000 Intrastate supplies of goods to Mr. Ramesh (Tax rate @ 12%) 4,75,000 AIntra-state supply of goods to Mr. Rajesh charged at Nilate of tax 22,50,000 Intrastate supply of taxable goods to Mr. Suresh (Tax rate 18%) 18,75,000 Allamounts are exclusive of GST 24541 Page 6 of 18 SeaIeU Wit GalisCcaepee’ Suiyect Code: 83015 / Direct & Indirect Taxation Paper = Tt oR Qc) Mis Ajay Enterprises, a registered-Supplier, provides you the following details with respect to the contract entered with M/s Vijay Enterprises for supply of goods. we (10) [Particutars S 3 Rs. Value of goods (inclusive of SGST @ 9% and CGST@9%)_= 5,90,000 Taxes other than CGST/SGST- * w s 29,500 Following expenses were incurred by Mis Ajay EftGrprises: ay g a) Insurance charges L ST s 2 11,800" b) Packing charges. = = S 3 12,200 ¢) Transport che \. < a 20,000 [44,000 ‘esting charges incurred by Ms-Vijay Enterprises on behalf of Mis Ajay ‘5,000 Enterprises = + S a Designing charges incurred by Mis Vijay Enterprises, nol of behalf of “7,500 Mis Ajay Enterprises > ee g 3 S z x ‘Subsidy Tece ved from:the Association of Traders 10,000 t prices after considering the subsidy)” << S I * Calculate the value of supply and the tax.of SOST @9% and CGST @ 9%. < 7 - KS & x ES Q.4:i) M/S Anatid and company is catrying buiiness in Mimbai of Selling staited business on 06/02/2023. ‘HiS tumover is as follows: . s S*_Arthey liable to obtain cegistratiga under GST? If xyes;fiom wei? (10) Date ‘Taxable Supply-within the Export supply | Exempt supplies s | state of Maharashtra (Rs:) (Rs: Rs.) 2870272023 3,14,000 3,12,400 21,000 06/03/2023 7 3;04,000 > = 32,000 07/03/2023 | ~ 2,85,000>- : 18,000 [- 0870372023 3,72,000 = 16,000 09/03/2023 5,92;000 s 1,12,000_ [1070372023 3,12,000__= E St10372023 180,000 1,15,000 ~ Q5@) Explain tie Benefilé of Goods ind Services Tax (10) (b) Distinguish betiveen: BS Direct Tax lind Indirect Tax 6) ii) Casual Taxable Person and Non-Resident Taxable Person 6) 3 OR : Page 7 of 18 (6B3344AE37619ESC2D8716DATECAASI 7 “ Sede Wilt LaliaCcaPaper / Subject Code: 83015 / Direct & Indirect Taxation Paper = It Q5 Write a short note on nny four of the following: a) Aggregate tumover by Time of supply of Goods - * ©) Blectronic Cash Ledger , 4d) Intra-state Supply and liter-State Stipply ) Mixed Supply . ) Composition Scheie - sSancau ‘ Pare 8 of 18S. arieu WI our (20) Uallldud