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Gst Assignment

The document consists of a test with questions related to GST applicability and calculations for various scenarios, including education services, transportation, legal services, medical consultancy, and rental services. It also includes a case study for a business entity's aggregate turnover and registration requirements under the CGST Act, along with a question on customs duty assessment for imported goods. Each question requires detailed analysis and computation based on the provided financial data and GST regulations.

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3 views2 pages

Gst Assignment

The document consists of a test with questions related to GST applicability and calculations for various scenarios, including education services, transportation, legal services, medical consultancy, and rental services. It also includes a case study for a business entity's aggregate turnover and registration requirements under the CGST Act, along with a question on customs duty assessment for imported goods. Each question requires detailed analysis and computation based on the provided financial data and GST regulations.

Uploaded by

aditi aditi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Time: 1 hr 30 min TEST 1 MAX MARKS: 40

Q.1 Determine whether the following are chargeable to GST? And if yes, the taxable amount
thereto.
a)​ An IAS coaching institute run by a private organization provides education for preparation of
UPSC, Government of India and charges ₹4,50,000 for the same.​
b)​ KLJ school hires ABC transporters for providing buses for school students and staff.
c)​ St. Mary's school bought 10 instruments and 10 apparatus for the science lab of the school to
conduct experiments. The cost of these operators and instruments is ₹52,000.
d)​ Kamani associates a law firm based in Hyderabad, provides legal services to Kamala
enterprises, having aggregate turnover of ₹19,80,000 and charges ₹48,000 for the same. They
also represent a local authority in the High Court and charge ₹3,00,000. They represent
Medhavi limited, having aggregate turnover of ₹45,00,000 and charges ₹4,00,000 for the
same.
e)​ Doctor Varma, a homeopathic Doctor gives medicine and consultancy for ₹3,000 per sitting.
His daughter-in-law, who is a gynecologist, gives medical consultancy services and charges
₹1,000 per visit.
f)​ Nanakpura gurudwara rents out premises, for conducting religious ceremony of wedding and
it charges ₹15,000 For the space given and if someone stays in their rooms they charge
₹2,000 per room for stay.
g)​ Sonu Nigam, a bollywood singer, performs at the cultural festival of IIT Mumbai. He charges
Rs. 3,00,000 for the performance.​ ​ ​ ​ ​ ​ ​ (14)

Q.2 Simar Ltd., a Gujarat based business entity, provides the following information for the financial
year 2024-25.

Particulars Amount (₹)

Outward supply of taxable goods 5,00,000

Outward supply of exempted goods 50,000

Outward supply of Nil rated goods ( Supplied from Tripura) 50,000

Outward supply of goods exported outside India 2,00,000

Outward supply of goods falling under reverse charge 3,00,000

Electronic items meant for business purposes are given on rent to specific 2,00,000
customers

A commercial building given on rent to Axis Bank 3,00,000


​ ​ ​
​
On the basis of the information given, answer the following questions.
(i) Compute aggregate turnover for the F.Y. 2024-25.
(ii) Is the entity liable for registration under section 22 of CGST Act, 2017. State reasons.
(iii) Is the entity liable for registration if it has an inward supply of services falling under reverse
charge worth Rs. 2,00,000.
(iv) Is the entity liable for registration if it makes supply of nil rated goods to a business entity based
in Jaipur, Rajasthan.​
(v) Is the entity liable for registration under section 22 if it is operating from the state of Tripura.
(vi) What will your answer be to pt no (ii) above if he further supplies goods as an agent worth
₹7,00,000 ​ ​ ​ ​ (12)

Q.3 Celica products ltd., a registered person under GST in the state of Odisha, imports goods by air
from Konica enterprises located in Berlin, Germany. Determine the assessable value and duty paid
from the information given below:

Particulars
Price of imported goods​ ​ ​ ​ ​ ​ ​ ​ € 1,00,000
Designing charges​ ​ ​ ​ ​ ​ ​ ​ ​ € 37,000
Transportation charges from warehouse to Berlin airport​ ​ ​ ​ € 1200
Loading charges ​ ​ ​ ​ ​ ​ ​ ​ ​ € 1000
Buying commission paid by Celica Products ltd.​ ​ ​ ​ ​ € 2900
Freight ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ € 25000
Date of Bill of entry​ ​ ​ ​ ​ ​ ​ ​ ​ 24.04.2024
Date of arrival of Air cargo​ ​ ​ ​ ​ ​ ​ ​ 23.04.2024
Insurance charges paid ​ ​ ​ ​ ​ ​ ​ ​ Not ascertainable
Exchange rate as per RBI on the date of bill of entry​​ ​ ​ ​ Rs. 86.99
Exchange rate as per RBI on the date of arrival of Air cargo​​ ​ ​ Rs. 86.56
Exchange rate as per CBIC on the date of bill of entry​ ​ ​ ​ Rs. 84.15
Exchange rate as per CBIC on the date of arrival of Air cargo​ ​ ​ Rs. 84.87
Rate of Basic Customs duty ​ ​ ​ ​ ​ ​ ​ ​ 10%
Rate of IGST​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 12%
Social welfare cess​ ​ ​ ​ ​ ​ ​ ​ ​ 10%
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (14)

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