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GST Problems

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ABDUL FAHAD ABDUL FAHAD
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42 views

GST Problems

Uploaded by

ABDUL FAHAD ABDUL FAHAD
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 PDF, TXT or read online on Scribd
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8) Why limited is the business of manufacturer of kitchen appliances for

domestic market it is located in Hyderabad during Jan 2022 it has acquired


the following:-

a) Steels from Mumbai supplier to be used as raw material in factory GST ₹54,000
b) Steel Rods from Hyderabad supplier to be used in factory GST ₹12,600
c) 50 LED lamps from Hyderabad supplier to be used in office GST ₹6000
d) Machinery for gym purchased from Vijayawada supplier, gym is used by
employees of Y Limited GST ₹78,000
e) Group Mediclaim Insurance policy taken for employees and their family
members GST ₹54,000

Calculate the amount of net GST payable for Jan 2022 taking into consideration
the following additional information:-
a) On Jan 1st 2022 electronic credit ledger as opening balance of ₹2000 CGST,
₹7000 SGST and ₹3000 IGST
b) Invoice issued pertaining to outward supplies during January 2022 CGST
₹80,000 ,SGST ₹80,000, IGST rupees ₹600.
c) Y limited also provided technical consultancy services pertaining to
manufacture of kitchen appliances it has received an advance of ₹50,000 from Z
limited Hyderabad No GST is charged separately for advance GST rate is 18%
explain
d) out of 50 led lamps 10 lamps are stolen by an unknown person before
installation.
9) Mr Paul a registered dealer in Maharashtra submitted the following information
for the month of December 2022 details of transaction are given below:-
Particular Amount GST rate
Raw materials purchased 5,00,000 5%
from Bangalore
Local raw material M 8,00,000 12%
purchased
Raw material purchased 10,00,000 18%
from USA costing
₹8,00,000(Including BCD
at 10%, & ₹80,000
Excluding IGST)
Local purchase of raw 4,00,000 5%
material Z within the state
from a dealer who
obtained for composition
scheme
Raw material he 4,00,000 0%
purchased from SEZ in
Mumbai
Details of sales
Sale Of goods purchase 10,00,000 5%
from Interstate purchase
and imported raw
materials to a person in
behalf who obtained for
composition scheme
Good sold to an 14,00,000 18%
unregistered dealer of
Pune
Sale of goods to an union 14,00,000 18%
territory of Pondicherry
produced from raw
material M
Sale of goods purchased 15,00,000 18%
from raw material Z to a
registered dealer in Nagpur
(Maharashtra)
Sale of goods purchased 5,00,000 28%
from raw material a to SEZ
at Mumbai

Calculate the Net GST payable by the dealer,

The above purchases or sales are exclusive of GST.


10) Mr. Gopal Rao is a registered dealer in Karnataka. Calculate NET GST payable
from the information given below:-
a) Raw material purchase from foreign market including custom duty paid on
imports at 10% and exclusive of IGST at 12% is ₹5,50,000
b) Raw material purchase from local market (including GST charged on the material
at 5%) ₹2,30,000
c) Raw material purchase from Odisha (including IGST at 12%) ₹45,000
d) Transportation and insurance cost ₹25,000
e) Manufacturing expenses ₹3,50,000
f) Material purchase from a registered dealer who obtained for composition
scheme under GST ₹4,00,000 (Rate of GST on this material is 1%)
Profit margin of a manufacturer is 10% on the selling price
Mr Gopal Rao sold 25% of the finished goods to a SEZ in Bangalore and balance to a
dealer in Bangalore. GST rate on sales of such goods is 12%.
11) Compute net GST payable by Mr Reddy Kumar for the month of August 2022 by
using the following information:-
a) Raw material a purchased within the state inclusive of GST 5% ₹1,57,500
b) Raw material we purchase from local market inclusive of GST 12% ₹56,000
c) raw materials see purchase from registered dealer at 5% GST ₹30,000
d) Raw material deep purchase within the state from unregistered dealer the rate
notified to this product is 18% amount ₹1,04,000
e) Raw material Eve purchase within the state from a registered dealer who
obtained for composition scheme the rate notified by the GST at 12% ₹84,024
f) Raw material imported from Neighbouring state excluding IGST at 28% ₹25,000
g) Raw material G purchase from other state inclusive of IGST at 5% ₹31,500
h) Raw material H imported from other country including BCD and excluding IGST
at 12% ₹15,000
i) Raw material I imported from other country inclusive of BCD and GST at 18%
₹59,000
j) Other direct and indirect expenses ₹61,975
Mr Reddy Kumar sold entire goods to Ram Gopal at a profit of 15% on the cost of
production. 50% of the finished goods sold to a dealer within the state and the
balance sold to a dealer in other state GST on sales is 28%.
12) “K” limited provides services pertaining to retail packing of goods this
services is provided in Punjab to manufacturing units and plantation units. It
gives the following information pertaining to Jan 2022 :-

a) Service by way of waxin, retail packing, labelling of office provided to A


plantation private limited Ludhiyana (invoice ₹17,10,000).
b) Service by way of packing and labelling of chemical goods provided to B limited
(invoice value ₹28,00,000).
c) Service by way of packing of leather goods provided to C Limited (Invoice Value
₹3,00,000) market value of similar service to ambulated persons ₹6,50,000
d) Service by way of vaccine by packing wooden cost provided to D limited (invoice
value ₹5,00,000).
Above figures are exclusive of GST, GST rate is 18%, on January 31st 2022 K Limited
receives an advanced payment of ₹50,000 from E limited for packing of goods
manufacture during 2022 -2023 GST rate is 18% amount is inclusive of GST.

Calculate the amount of net GST payable by K Limited for the month of January
2022. K Limited wants to avail input tax credit on the following:-
a) Balance available in electronic credit ledger Jan 1st 2022 ₹61,000 .
b) Fees paid to an interior decorated for canteen of K Limited (taxable value 10,000
rupees GST ₹1800).
c) Membership of Health Club for employees amount of GST 17,000 rupees.

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