GST main book corrigendum
Page No. Particulars
Q10. Wrongly typed Delhi instead of
Silvassa. Provisions and explanation is
correct. This
86 Question & Answer has been taken
from ICAI IDT Committee BGM. But
partly it is typo error from ICAI although
provision is written correctly.
Example 4. "Change of opinion" for
Section 23 of CGST Act, 2017.
From exam point of view, better to
159 follow ICAI approach. Athough ICAI
had used "re-seller of agriculture
produce" in second series of MCQ (1st
Question).
223 Q2. Correction in answer.
In Headline "Import of Services", first
229 bullet point, shift to "Import of Goods"
Headline.
Q4. Who is non-taxable online
233 recipient? Question is replica of Q3.,
so question is wrong.
239 Example inverted duty structure
A9. Not included Restaurent supply in
36
value of taxable supply.
Custom main book corrigendum (these corrections are in Chapter 15 FTP, due to additional
amendments issued by ICAI)
Page No. Particulars
MEIS (ICAI had ignored amendments
161 in module so in book also it was
ignored)
SEIS (ICAI had ignored amendments
161 in module so in book also it was
ignored)
ICAI example (please correct in
162 question and answer in all places "in
the preceding financial year"
Q1. correction in phrase "preceding
financial year". Also remove
170
"preceding financial year in answer 1st
and 2nd line"
Q4 above amendment correction from
171
Rs. 25,000 to 5,00,000
Note:- As advised earlier, please do statutory amendments issued by ICAI (only for custom/FTP) which they left out few in their Study Module (Majority of
amendments in Custom/FTP are taken care by myself & ICAI also). As I said earlier, to sync my book with ICAI Module, I also left out. They issued this in
March. It is only few and will just take half an hour. In custom book, where ever CBEC is written, please correct to "CBIC".
Printed (mistake in red colour) Correction (in green colour)
If Cars Limited is not a registered person, then the If Cars Limited is not a registered person, then the
place of supply of transportation services shall be place of supply of transportation services shall be
Delhi (location at which such goods are handed Silvassa (location at which such goods are handed
over). over).
Mr. A Nasik, has Intra State supply of agricultural
produce (own effort) Rs. 15 Lacs, Intra State supply
Mr. A Nasik, has Intra State supply of agricultural
of exempt goods Rs. 10 Lacs & taxable supplies Rs.
produce (own effort) Rs. 15 Lacs, Intra State
5 Lacs. He is not supposed to take registration since
supply of exempt goods Rs. 10 Lacs & taxable
his aggregate turnover is Rs. 10 Lacs + Rs. 5 Lacs
supplies Rs. 5 Lacs. He is suppose to take
= Rs. 15 Lacs. In computing aggregate turnover,
registration since his aggregate turnover is Rs. 15
Intra-State supply of goods agricultural produce
Lacs + 10 Lacs + Rs. 5 Lacs = Rs. 30 Lacs.
grown out of cultivation of land by family members
shall not be included.
Yes, an assessee under the composition scheme
is required to furnish inward supplies including
No. An assessee under the composition scheme is
supplies on which tax is to paid on reverse charge.
not required to furnish details of inward and outward
In case of outward supplies made, composition
supplies. Such assessees are required to file
dealer need to furnish turnover so that CGST &
quarterly returns in Form GSTR-4 within 18 days
SGST Composition tax liability shall be calculated.
from the end of quarter.
Such assessees are required to file quarterly
returns in Form GSTR-4 within 18 days from the
end of quarter.
Supply from SEZ is ‘import’ and import duty will be Supply from SEZ is ‘import’ and import duty will be
payable. (no changes, just shift in "Import of Goods" payable. (no changes, just shift in "Import of
headline) Goods" headline)
Would a supplier of OIDAR required to take
Who is non-taxable online recipient? registration in all states in India in GST Act?
A. Bengaluru West and all the officers subordinate A. No. The CBIC has notified the Principal
to him as the officers empowered to grant Commissioner of Central Tax, Bengaluru West
registration in case of online information and and all the officers subordinate to him as the
database access or retrieval services provided or officers empowered to grant registration in case
agreed to be provided by a person located in non- of online information and database access or
taxable territory and received by a non-taxable retrieval services provided or agreed to be
online recipient. provided by a person located in non-taxable
territory and received by a non-taxable online
recipient.
Ignore the answer since amendment effect is not Please refer Question 12 of GST Scanner issued
taken in the month of March 2019, page no. 155
GST Scanner corrigendum
Answer Rs. 21,16,000 {Rs. 11,16,000+ Rs.
Answer Rs. 11,16,000
10,00,000 (Restaurent Supply)}
Printed (mistake in red colour) Correction (in green colour)
Rs. 25,000 per consignment shall be entitled for Rs. 5,00,000 per consignment shall be entitled for
rewards under MEIS. rewards under MEIS.
Minimum NFE earnings – US $ 15,000 (US $ Minimum NFE earnings – US $ 15,000 (US $
10,000 for individual service providers) in preceding 10,000 for individual service providers) in year of
FY. rendering service .
in the preceding financial year in the year of rendering service
ABC Ltd. A service exporter of specified service is
having net free foreign earnings of US $ 20,000 ABC Ltd., requires you to compute its duty credit
during preceding financial year, requires you to scrip entitlement for the current financial year
compute its duty credit scrip entitlement for the under the SEIS.
current financial year under the SEIS.
Refer page no. 105 of Custom scanner released in
March 2019