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Assignment GST

The document is an assignment for a course on Goods and Service Tax and Custom Law, with a submission deadline of April 23, 2025. It contains a series of questions covering various aspects of GST, including its principles, types of supplies, time of supply, input tax credit, and registration requirements. The assignment also includes practical scenarios and calculations related to GST applications.

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91 views3 pages

Assignment GST

The document is an assignment for a course on Goods and Service Tax and Custom Law, with a submission deadline of April 23, 2025. It contains a series of questions covering various aspects of GST, including its principles, types of supplies, time of supply, input tax credit, and registration requirements. The assignment also includes practical scenarios and calculations related to GST applications.

Uploaded by

d7042888
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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ATMA RAM SANATAN DHARMA COLLEGE

ASSIGNMENT

(last date of submission 23/04/2025)

SUBJECT: GOODS & SERVICE TAX AND CUSTOM LAW

Question 1: What were the major deficiencies of VAT? What were the taxes which GST subsumed?
What were the highlights of Constitutional (101stAmendment) Act,2016 with respect to Goods
and Service?

Question 2: What is Goods and Services Tax (GST) and what are the principles of GST? Which
commodities have been kept outside the purview of Goods and Services Tax (GST)?

Question 3: What is CGST, SGST, UTGST and IGST? Discuss in brief the ‘taxable event’ and the
scope of the term ‘supply’ under Goods and Services Tax (GST) law.

Question 4: Distinguish between composite supply and mixed supply? State which of the following
is composite supply or mixed supply under the GST law :

1.Sale of car with warranty coverage

2.Gift pack with chocolates and books.

3.Sale of Refrigerator with power stabilizer.

4. Hotel providing accommodation with complimentary breakfast.

Question 5: V Ltd. supplied goods to S Ltd. The terms of the contract stipulated that goods are
delivered to the factory of S Ltd. Goods were removed from the factory of V Ltd. on September
9th2019 and were delivered to the factory of S Ltd. on September 15th2019. Now, the invoice was
issued on September 18th2019 and payment was credited to V Ltd.’s account on October
20th2019. However, the entry was made in the books when the cheque was received, that is on
September 19th2019. Determine the Time of Supply?

Question 6: Automobiles of Jaipur has supplied the goods of Rs.2,66,090 to G Automobiles of


Ajmer in the month of March, 2019. The supply so made was inclusive of tax charged as CGST and
SGST which on the products so sold asper rates prescribed under CGST Act, 2017 is @ 18%.
Determine the value of supply asper Rule 35 of the CGST Rule, 2017 ?

Question 7: M Enterprises had made supplies of Rs. 5,50,000 to B 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. 25,000was received from an NGO on the sale of
such goods and the price of Rs. 5,50,000is after taking in to account the amount of subsidy so
received. Discount offered is @ 1% which was mentioned on the invoice.
Question 8: Discuss whether the following transactions will be considered as supply or not under
GST laws:

a) Mrs. V buys a car for personal use and after a year sells it to a car dealer.

b) Provision of service or goods by a club or association or society to its members.

Question 9: What is Input Tax Credit (ITC)? What are the conditions which are required to be
fulfilled for claiming ITC? What are the cases in which ITC is not available?

Question 10: What are the various types of Electronic Ledgers under GST?

Question 11: What is (Goods & Services Tax) GST Registration? What are the documents required
for GST registration? What is effective date of registration under GST?

Question 12: What is the Time limit for issue of tax invoice for supply of goods?Describe Time limit
for issue of tax invoice for supply of goods under

1. Normal case

2. Continuous supply of services

Question 13: Find the time of issue of invoice?

1.Lion enterprises, Kolkata makes a supply of goods to Tiger enterprises, Ghaziabad. The goods
were removed from the factory at Kolkata on 3rdMay. When should the Tax Invoice be issued?

2. M Ltd. an event management company has provided its services for an event at Photo Film
Agencies at Kolkata, on 1st June. When should the Tax invoice be issued?

Question 14: How will the IGST be paid? Discuss with the help of an example.

Question 15:A registered dealer, based in Chandigarh, makes supply to another registered dealer
located in Chandigarh, valuing rupees 1,20,000. Applicable rate of GST is 12%. Calculate the
amount of tax payable under GST.

Question 16: What is Transaction Value? When will be the value of supply be the
transaction value? Explain the provisions as to determination of value of supply of goods
made or received through an agent under Rule 29 and supply of goods/services based on
cost under Rule 30.
Question 17: Chandan Ltd. Exported some goods to Wilson Ltd. Of USA. It received US $
10,000 as consideration for the same and sold the foreign currency @ INR 72 per US
dollar. Compute the value of taxable supply of service under rule 32(2)(a) of the CGST
rules, 2017, if RBI reference rate for US dollar is INR 73 per dollar
Question 18: State any four instances of the following?
1: Persons who are not liable for registration?
2: Services exempted under GST?

Question 19: Discuss whether the following are chargeable to GST :


(a) A charitable trust ( not registered under 12AA of Income Tax Act) performs wildlife
conservation drive for children.
(b) Dr. Sudhansu is a homeopathic doctor. He charges consultation fee of Rs 3500 per sitting
(c) Services by way of collection of contribution under Atal Pension Yojna.
(d) West Bengal State government Industrial development corporation gave 10000hectares of
plot on lease for 40 years to Tata Ltd. for construction of Manufacturing unit of Nano car and
charges Rs.6000000 as one time price
(e) Services of general insurance provided under Jan Arogya Bima Policy.

Question 20: What is composition Levy? Who can opt for composition Levy? What is rate of tax
under composition levy?

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