DIKES | 3 Stily under GST . Meaning and scope of supply, Acti . ALevy and Collection of Tax Contents Page No. Svorview of GST 1-19 Two forms of taxes, What xes, What is VAT, Salient features of eet Taxon ure, doaar and some Historical Aspects a eee a en GST/HST Model, Australian id 5 pi F ‘oddar Model, Genesis of GST in » Provisions of G itution (One hundred and first Amendment) hee, 2018 Number of Legislations, Many Provisions of CGST, 2017 are also applicable to IGST and UTGST, Benefi/Advantages of GST, Demerit/Disadvantages of GST, Concept of GST, Need for GST. Other important points under GST, Exercise. ; Features jia, Components of 2, Kmportant Definitions ... Important definitions : Aggregate turnover, Business considera- tion, Meaning of Goods, Meaning of Services, Capital goods, Meaning of input, Meaning of input tax Services, Meaning of Inupt Tax, Inward supply, outward supply, Principal, Agent, Location of the supplier of services, Location ofthe recipient ofservices, Place of business, person, Exercise. ities or transactions which shall be treated neither as a supply of goods nor a supply of services, Meaning and taxability of composite and mixed supply, Questions and answers, Exercise, Practical questions with solutions. Levy and Collection of GST, Rates of GST, mechanism, Tax on Electronic Commeree operator (Co) (See. 9 (5) of GST -Act and Sec. 5 (5) of IGST Act], Remission of Tax/Duty, GST on reimbursement of expenses, Questions and Answer, Exercise, Practical Questions with Solutions. 5, Exemption from GST Exemption of GST on Goods, Exemption of GST on Services; Services by Central Government/State Government/Union. Territory/Local Authority, Renting of residential dwelling for use as residence, Religious services, Services by Hotel etc., Services byof GST Act, 2017], Special pro of Online Information and Dat (OIDAR), Goods. are shipped on board, Supply of Maintenance, x certificate and goods and services tax identification number (GSTIN) on the name board, Questions and answers, Exercise, Practical questions with solutions. (Gee. 12 2) of GST Att, 2017), Time of supply of services under forward charge (Se38{@) of CGST Ae, 2017), Time of supply of goods under reverse charge See. 12(3) of CGST Act, 2017), Time of es* DIETS INDY KOIKE @ Annual return, Final 208-31 rel in job work, Question: xercise. rac oenaaag 815818 og “Soa ages Accounts ss 880892 Manner of utilization of E-Ledges amount in cash ledger, Cor electronic credit ledger, Restrictions electronic credit ledger (Rule 86B) Refund of balance in E-Ledgers, Interest on late payment, ons and answers, Exercise, Practical qu it amount, Sn ee veaeias Cy) Return .... Needs tofile return in GST regime, Mé of returns under GST, Furnishing dé Furnishing detail of inward supy ath returns in GSTR-8, Furnishing of monthly returns by composition authority (Rule-187 of CGST Act, 28, Avoidance of Dual Control... sete 848348, avoidance of dual control, Principal of avoidance of dualChapter ‘od. Demand and Recovery ... ‘Introduction, Determinatio! refunded/ITC wrongly availed/utilised (Sec. 73 & 74), Non payment/short payment etc. on account of reasons other than fraud, wilfol misstatement or suppression of facts (Sec. 73), non- payment/short payment ete. on account of fraud wilful misstatement or suppression of facts (Sec. 74), Recovery of tax (Sec. 79), Modes of recovery of tax [Sec. 79 (1)]. Exercise. Miscellaneous Provisions of Transitional Provisi £ Government of make rules & Tax complaince rating, n of tax not paid/short paid/erroneously #2, ions .... Miscellaneous provisions, Power o! tions, Goods and Services entral Goods and Services Tax Act, ‘Transitional provisions, regulat Application of provisions of C Burden of proof, Taxability of E-commerce, Migrations of existing tax payers, Exercise. 26. Penalties ... Introduction, Section 12! enalties for certain offences, Section 125 : General penalty, Section 126 : General disciplines related to penalty, Section 129 : Detention, Seizure and release of: Goods and 0 : Confiscation of Goods and/or Conveyance in transit, Section 13! conveyance and levy of penalty, Section 132: Punishment for certain offences, Exercise, Practical Questions with Solutions. athe benefit of GST and also explain what is dual GST ‘the functions of GST Council ? ‘the causes for adoption of G.S.T. system. the Central GST and State GST? {pur Women College, 2019) (Jamshedpur Women Col Minister (Ranchi, 2019) 10. (), 11. @), 12. (©, the GST isnot implemented on National Gas. Allotted to states only f 6 slabs according to the nature and importance of goods. (AcporliiarWett aes cos ra anaciscotie TAns. 1. True, 2. True, 3. False, 4, True, 5. True, 6. True] 4. InGST, both Central and State Governments should have simultaneous power- Fill-in the blanks ‘to levy GST on: | 1, In India the process of implementing GST has been completed in the long. (©) Inter State Supply Only | ; : (d) Both Intra-State and Inter-State Supply jerament will implement and ad i oc: importantagr-goods are ; 4, Mainly luxury goods are kept in .. | 5, Through GST one tax, one nation‘Short Answer Type Questions (©) any activity or transaction in the nature © ‘The following are not includes in relation to the consideration of supply of goods or Important Di 7 warehouse, ‘supplies or i, whether incorporated or not, in ion for the month of September: the inducement of, the supply of goods or services or both, whether by the recipient (@ any subsidy given by the Central Government or a State Government. 3. ‘Goods’ means every kind of... property other than money and securities but includes actionable claim, growing crops, grass and things attached to or forming part ofthe land which are agreed tobe severed before supply or under a contract of sappy. ‘Capital goods means goods, the value of which is Pea ee tlt on wih ar dor ntended ob wen he foods and services tax charged on import of goods; ‘thereverse charge provisions of section 93) & 94) of Provisions of section 6(8) & (4) of GS (@ the tax paid under the composition le 3. Where 4. GST 5. Ionybod computer ote, then GST will not be imposed. », 4, True, 5. False.) 1, All old indirect taxes has been repla 2, The essential product like milk are . 3, ‘The sovereign activities of any authority, central government and state government is free from Fon taking loans from any bank. maidered as a person for Whom any... is serving for trading ofSupply under GST a _Supply uncer OUT sssneininsniansssinsame Multiple Choice Questions 1 | 1. Certain Free Supply of Goods and Services aré Taxable Supply in GST. Any : Example (a) Free Transfer of Business Assets to some one else or Assets retained after De- Registration j (b) Temporary Application of Business Asset fora non-business needs or self supply of goods or Services (©) Stock/Branch Transfer Out to another State (@) All of the Above 2. Which one of the following shall not be treated as supply ? (a) Rental (bydLease (©) Actionable claim (@) License 3. Which are the Examples of Supply of Services in the case of followings ? (a) Renting of Immovable Property and Temporary Transfer of Intellectual Property Right. (b) Works contract (©) Services of Aggregators (d) Alll of the Above 4, What will be a Taxable Event in GST ? (a) Manufacture (b) Taxable Supply of Goods and Services (©) Both (a) and (b) (d) None of these . Works contract is : (a) Supply of goods (b) Supply of services (c) Supply of both (d) Neither supply of goods nor supply of services In ‘composite supply’ the following shall be treated as the : (a) Supply with highest rate of tax (b) Supply which attracts reverse charge (c) Supply which is the he lie) supply= SBPD Publications GST DE itiicctionsGsT 10. Which of the following services received without consideration amount to supply ? (2) Import of services by a person in India from his son well-settled in USA (2) Import of services by a person in India from his brother well-settled in Germany (3) Import of services by a person in India from his brother (wholly dependent on such person in India) in France (4) Import of services by a Person in India from his daughter (whooly dependent on such person in India) in Russia (a) (0, (8) and (4) (b) (2), (3) and (4) (c) (2) and (3) (d) (1) and (2) (Ans. 1. (d), 2. (0), 3. (d), 4. (b), 5. (b), 6. (c), 7. (d), 8. (c), 9. (a), 10. (a).] True and False 1. Within the GST the taxable event will be the supply of both goods and services, which is considered to give on behalf of that within the business. 6. To exchange one commodity for another without use of mon [Ans. 1. True, 2. True, 3. True, 4. True, 5. False, 6. False] Fill in the blanks ey is called exchange,a ~ 65 . Explain the provision in GST on electronic 01 z i 2. BeCSer AL Gn ‘onic commerce operator (ECO) under section 3, Explain the provision of levy short Answer Type Questions q vy and Collection of Tax and collection under GST Act ? 1. What will be the implications in 2, Is the reverse charge mechanisr 3, What are the six different rates 4, When supply of goods is said to t, 5. Mention the names (any four) wl case of receipt of supply from unregistered persons ? mn applicable only to servi which have been notified under GST Act? ake place out of state ? (Varanasi, 2019) hich are taxable under GST @ 12% (Jabalpur B.Com I, 2019) Multiple Choice Questions “7, OGST and SGST will be levied on ; (Ranchi, 2019) (a) Intra-state supply (b) Inter-state supply (©) Import (d) Export 2. The maximum rate aes be levied as CGST or SGST will be at - (a) 18% 20% (c) 28 % (d) 40% 3. On which one of the following items, GST e levied : (a) Aviation fuel ota iefied Petroleum Gas (©) Natural Gas (@) High Speed Diesel Oil 4, Who will notify the rate of tax to be levied under CGST ? pee Government. (b) State Government. ©) GST Council. (d) Central Government as per the recommendations of the GST Council. 5. What are the supplies on which reverse charge mechanism would apply ? ( i services-or-both | 5 -supply-of-goods.or services or both from an unregistered dealer , (© None of the above | (d) Both (a) and (b) of the above a 6. Import/Export is treated as ... in (a) Intra-state supply (b)_Inter-state supply (©) Non-taxable supply () Exempted supply | 7. Inter-state supplies means : : (a) Any-supply where the location ofthe supplier and the place of supply arein thesame state (®) Any supply where the location of supplier and the place ofsupply are in different states (© Any supply where location of the supplier and place of supply are outside the country (@ None of these : : 8, The Tax Liability of a person receiving the goods instead of the person supplying the goods will be knows as: (@) Purchase Tax (b) Reverse Tax (© Reverse Charge (@) None of the above 9. The time of supply of service in case of reverse charge mechanism is : (a) Date on which payment is made to the supplier a ‘pt (b) Date immediately following 60 days from the date of issue of invoice (©) Date of invoice ‘ ’ (d) Earlier of (a) and (b)66 SBPD Publications GST _—___—_——_. 10. Which of the following services does not fall under reverse charge provisions as contained under section 9(3) of the CGST Act ? (a) Services supplied by arbitral tribunal to business entity (b) Sponsorship provided to any partnership firm (c) Sponsorship provided to any body corporate (d) None of the above {Ans. 1. (a), 2. (b), 3. (b), 4. (d), 5. (a), 6. (b), 7. (b), 8. (c), 9. (d), 10. (d)] True and False 1. GST is a destination based tax on consumption of goods and services 2. To levy tax, taxation provision is must in any fiscal statute. : 3. Under GST, interstate supply attracts IGST, while i era ead ipply hile intrastate supply attra, eeucu 4. Supply of liquor is specifically included in GST. It is not subject to 5. RCM basically means that the GST is to be paid and deposited wan te CXtise duty. recipient of goods/services and not by the supplier of g00ds/s with the 80vt. by the [Ans. 1. True, 2. True, 3. True, 4, False, 5, True Srvicggas:ded by Government and Provided to a mi (Ranchi: Jabalpur UGC, 2 felated to transportation of Goods and Agriculture: (Wabalpur UGC, GST Actin relation to the following services tion to the following services ( Which of the (a) Speed posts mare exempt from (©) Tiger reserve 10. Transport of. hy ail are ex (a) Milk (©)Defence equipments 1, Which of the following services is exe (@) Bollywood dance performance bya film actorin a film and consideration charged is 145,000. (©) Carnaticmusic performance by ac garments and consideration charged . (©) Caratic music performance by a elassical singer in « music concert and consideration charged is ®1,55,000.* (@ Kathak dance performance by a classical dancer in « cultural programme and consideration charged is€ 145,000 singer to promote a brand of readymade 000.96 SBPD Publications GST 12.. The following is not included in Taxable Service : (Jabalpur UGC, 2019) (a) Lawyer (b) Doctor (c) Engineer (d) Chartered Accountant (Ans. 1. (b), 2. (b), 3. (b), 4. (d), 5. (b), 6. (b), 7. (d), 8. (d), 9. (d), 10. (d), 11. (d), 12. (b)J True and False 1. When a supply of goods or services or both falls within the purview of. charging section, such supply is chargeable to GST. 2. Mostly essential goods have been exempted such as milk, wheat flour ete, 3. Services of speed post of Post deptt. is free from GST. 4. Bares by way of renting of residential unit for use as residence are exempted f2 >. 5. Kailash Mansarovar and Haz yatra is not free from GST. 6. Service fee and processing charges related to money borrowe [Ans. 1. True, 2. True, 3. False, 4. True, 5. False, 6. Fill in the Blanks 1. A list of items have been notified under section 11 ( oe ....0f the IGST Act, 2017 are solely exempted 2. Services by an entity registered under .. of th of charitable activities are exempted. 3. Any registered trust of unit have got exemption, religious event, ji: SBPD Publications GST eee SBP Publications Orn Choice Questions Suppose One Dealer is not eligible for Composition of Tax. ee remitted Tax under Scheme. What will be the volume of the compulsory Penalty ? (a) No Penalty at all (b) Equal Amount of Tax leviable under Normal Scheme (c) Two Times of the tax leviable under Normal Scheme (d) Three Times of the tax leviable under Normal Scheme ‘ Which of the following persons can opt for composition scheme ? (a) Person effecting supply of goods through an e-commerce (b) Person making any supply of goods which are not leviable to tax under this Act; (©) Person making any inter-State outward supplies of goods; (d) None of the above 3. What is the rate applicable under CGST & SGST to a re manufacturer/traders and restauran: (a) 5%/10% (b) 1%/5% (©) 0% (d) No composition for manufacturer Can a registered person opt for composition scheme only for one out of his 3 business units having same Permanent Account Number ? (@) Yes, subject to prior approval of the Central Government (b) No (c) Yes, (d) Yes Composition levy is applicable to the taxable persons whose aggregate turnover : gistered person being a its opting to pay taxes under composition scheme ? Subject to prior approval of the concerned State Government : (Ranchi, 2019) (@) Did not exceed 50 lakh in the current year ‘one () Did not exceed 150 lakh in the precedin, (©) Did not exceed 60 lakh in the curren i it year (@) Did not exceed 60 lakh in the Preceding year The et rate of tax prescribed for manufactures in Composition levy is (CGST & year (@75 lakh in 9 Special category state). (©) 0.5% (@) 6% Ranchi; Jabalpur ut 19) 1% (4m for composition scheme : S fully complied by small plan has been p, oo Prepared, which is known asServices related to admission to a cultural, artistic, sporting, scientific, educational and others (o) Performance based services, ot Answer Type Questions ho Eitan fow to determine the nature of Intra-state and inter-state supply of goods or services ? ; at will be the place of supply of restaurant and catering services ? 3, What will be the place of supply of telecommunication services ? 4, What are the special provision for payment of tax by a supplier of online information * and database access or retrieval services ? What is the place of supply of goods involves movement of goods and Supply involving * movement of goods delivered to recipient the instructi ird person as per Section 10 of IGST Act, 2017 2 P on the instruction of third pers Pp Discuss place of supply for diamonds temporarily imported into India ? Discuss the provisions of Goods and Service Tax for determining place of goods and services supplied. (Varanasi, 2019) . Discuss the provision of GST returning to determination of grace of goods and services supplied. (JabalpurB.Com II, 2019) g, When a supply of Goods said to take palce in the course of Inter State Trade or commerce ? Discuss. Multiple Choice Questions eee aS - 4, Place of supply where the goods are assembled or installed : (a) Place of supplier (b) Place of recipient (c) Place of transporter (d) Place of the such assembly or installation Place of supply where the goods are supplied on board a conveyance such as vessel, an aircraft, a train or motor vehicle ? (a) Location of supplier (b) Location of recipient (c) Location at which such goods are taken on board (d) None of these . The default rule of place of supply of services made to a registered person shall be : (a) Location of such person (b) Location of service provider (c) Location where service is provided (d) Location where agreement for rendering of service is executed The default rule of place of supply of services made to any person other than a registered person if address on record exist shall be : (a) Location of service provider (b) Location where service is rendered (©) Location where agreement for rendering of service is executed (d) Location of the recipient pe Pry =143 tie ble under reverse (Varanasi, 2019) of tax? ax? Sac. __Time of Supply i time of supply of goods or ser is the ot nervicey pats ‘ ? eparee ‘ , gaat 8 tBE time ea where supply is completed prior to change in rate «WME sthe time of supply, where supply is completed after to change in rate of t 6 ye Choice Questions ahat isthe time of supply of service for the supply of taxable 4 Wezoss of the amount indicated in the taxable invoice? ip atthe option of the supplier ~ Invoice date or Date of receipt of consideration fp Date of iseue of invoice (@) Date of receipt of consideration. Date of entry in books of account. @ ne se one composition dealer received a Receipt of €5 Lakhs in respect of the supply ‘ssuing any invoice or not making any supply of goods for the time being. this receipt is taxable under GST ? in case of tax ps wi services up to % 1000 without i Whether (a) Yes (b) No (@)No Tax Liability up to the actual supply of the goods (@ No liability up to the issuance of the sales invoice 3, Incase of reverse charge mechanism what is the time of supply of service? (@) Date immediately following 60 days from the date of issue of invoice {b) Date on which payment is made to the supplier (o Earlier of (a) & (b) (@ Date of invoice. 4 When will be the liability to pay GST arise in case of supply of ‘goods by composition dealer ? (@ On raising of invoice (b) On receipt of payment (d) Earliest of (a) ,(b) or (©) (0 At the time of supply of services 5, What is date of receipt of payment? (@ Date of entry in the books | (b) Date of payment credited into pank account | (© Barlier of (a) and (b) | @ Date of filing of return | 6 Under reverse charge ‘mechanism what is time of supply of goods liable to tax ? ; (@) Date on which the payment is made ) Date immediately following 30 days from the date of issue of invoice by the supplier (©) Date of receipt of goods (@) Earlier of (a), (b) & (©) 7, Tn ease an associated enterprise receives services from the service provider located ply of service? ee ie what is the time of SUP] ) Date of entry in the books of account of associated enterprise (recipient), ‘ST lications G: Sit ik at is the time of supp} hen whi 8. Ifthe supply with respect to the voucher is identifiable the | “ fr san (b) Date of issue of voucher ) is lier i . ton . ~ of voucher (a) At the option of the sure — Hebe api with respect to the voucher is not identifiable then who | ss i voucher ‘ (@) Date of redemption of voucher _(b) Date of issue if ss. (©) Earlier of (a) & (b) (d) At the option of the 10. Ifthe invoice is issued within 30 days from the date of provision of service then what is the time of supply of service? {@) Date of issue of invoice (b) Date on which the supplier receives payment © Earlier of (a) & (b) @ Date of provision of service MG Rabu is receiving legal services from a lawyer Mr. Ketu. The infromation regarding ate of payment, invoice ete. is as follows: 1 Invoice issued by Mr. Ketu on 15 Apr. 20XX. 2. Payment received by Mr. Ketu on 5 May 20XX. 3. Date of payment entered in bo oks of accounts of Rahu ; 1 May 20XX. What is time of supply of goods ? (a) 1 May, 20xX (b) 5 May, 20xx (©) 14 June, 20xx (@) 15 April, 20xx lAns. 1 (a), 2. (@), 3. (0), 4. (@), 5. (, 6. (d), 7. (d), 8. (b), 9. (a), 10. (e), 11. (a).] False ‘1. Inorder to calculate and discharge tax liability, it is important t; ] Pheu ‘portant to know the date when 2; The time of supply fixes the point when the Lability to charge GST arises & In case of supply by associated enterprise, where the supplier of services Outside India, the time of supply shall be the 4 entry in be the recipient of supply or the date of Paymens-1 i i in located of account of ite of redempti, 2. True, 3. True, 4. True,]D1 agent Be ape mined under section it cannot be detern aluc in T tion V ad in “Transaction eA ged for de slayed payme fee/penalty char 1 payment re inclu yon interest/la or not ? clients be included in the tran® 6 ie Related Person under GST ‘Act ims are not included in te ed Accountant action rG ? «transaction Value = (Ranchi, 2019, of goods and services shall be the : (b) MRP (d) None of above alue ply should include : e fee or penalty for delayed pay’ GST taxes, duties, cesses, fees charged by 8' es directly linked to the price except subsidies ment of any consideration for any supply upplier separately provided by the Central ang of the above ductions are allowed from the transactit t charges incurred by the supplier, subj yunt paid by customer on behalf of the supplier, ounts offered to customers, subjected to conditions Packing charges, subjected to conditions e the supply of goods or services is for a co} value of the supply shall be the : (@) Open market value of such supply. @) If open market value is not available then value of supply shall be the sum total of consideration in money and any such further amount in money as 18 equivalent to the consideration not in money if such amount is known at the time of supply. © ee pape ae determinable as specified above in point no. (a) and (b), then value of su; i ike Peace a ly shall be the value of supply of goods or services or both of like kind (d@) All of the above. 5. The value of thi i r Jae Be : = supely of goods/services or both between distinct persons or related ie where the supply is made through an agent, shall be : a Open market value of such supply. s ) If the open market value is not avai vail: Bead aie, ailable, be the value of supply of goods or services ion value ? ‘ected to conditions subjected to conditions sideration not wholly in money, the caecum i@ All of the above The value of supply of goods betwee, . (@ Open market value of such inp Principal and his agent shall be (p) At the option of the supplier, (unrelated party) by he sotial ee of the amount charged from the customer (0) Ifthe value is not determinabk i shallbe the value as determined hy the aon @ Allof the above y the application of rule 3 if supply of i , _ Value of supply af Bet viceaith relation to Air travel agent for domestic booking shall be (@) at the rate of 5% of the basic fare (b) at th Foe er 5 at the rate of 10% of the basic fare (©) at the es apes the basic fare (d) at the rate of 8% of the basic fare eae y of services in relation to Air travel agent for international booking (a) at the rate of 10% of the basic fare (b) at i (©) at the rate of 15% of the basic fare @ 6 is wats if Pee 9. ee aa in relation to life insurance business for single premium (a) at the rate of 20% of single premium charged from policy holders. (b) at the rate of 10% of single premium charged from policy holders. (©) at the rate of 5% of single premium charged from policy holders. (@ at the rate of 12% of single premium charged from policy holders. 40, In case of supply of second hand goods, the value of goods shall be : (a) Value of purchase goods (b) Value of sale goods (©) Difference between the selling price and the purchase price (@ Either of (a) or (b) above 11, Zero Rated supply includes : (Jamshedpur Women College, 2019) (a) Export of goods/services (b) Supply of goods/services to SEZ developer unit (©) Supply of goods/services by SEZ developer unit, (4) Both (a) and (b) [Ans. 1. (©), 2. (@), 3. (©), 4. (A), 5. (@), 6. (), 7. (a), 8. (a), 9. (b), 10. (©), 11. (1 ‘True and False : 1. What can be the part of the value of supply or what does not form part of the value of supply is not important to levy GST. "2, Value of supply means consideration charged for the supply from recipient. - 3. Interest or late fee or penalty for delayed payment of any consideration for any supply _is not considered under the value of supply. 4, The amount of subsidy shall be included in the value of supply of the supplier who the subsidy. e supply of goods and services is for a consideration not wholly in money, the nall be equal to the value of open market. "2, True, 3. False, 4. True, 5. True.] and (b), value of supply 30 or rule 31, in that order.ie the procedure 17 Aer Gian Vey 2 eR £ 0 cain the provisions re "plain the pravisi Fr or services Hannon eet ase the amount is not pal i {ho days from the date of aye P&PY paid to the up ent Supe eae, her the registered pe whether ee 5 ee tax component of tiple a the By eaten oa? s benefits of ITC aa well hat the choice of taking nee Hee ne eo jnstitution ? redit in case of change in the constitu; JP eransfer uniutilized input tas cra Teistered taxable person what is the provision ¢. What isthe time Kit to claim Ino : pune Cotes Questions Per section 16(4) of COST Act 7” Fhe ITC on Capital Goods wilt be uh } (.) 3 Monthly Instalments bey in GST in : (0) 36 Monthly Instalments a eeteaihly, Instalments 2 Credit on inputs should be avaied at th eee (a) Receipt of goo. 16 of : (@ Either receipt of documents or Reashp st of Documents (@) Receipt of both of documents and goede tis the time limit to ‘ eile 2 Pay the value of supply along with taxes-to avail the imput (a) Three months ane o (@) Till the date of fling of Annual Return (d) One hundred and eighty days , TTC is allowed only on those goods and /or services (@) Taxable Supplies (b) Zero Rated Supplies (export) (©) Both (a) and (b) above (@) Even on Taxable Inward Supply and Non-Taxable Local or Interstate Supplies The unutilized ITC in the electronic ITC Ledger will be allowed to a new entity on business as a whole transfer, merger, demerger, amalgamation and on lease if the transfer deed provides for : (a) Transfer of all the Assets of the Existing Business Concern (b) Transfer of all the Liabilities of the Existing Business Concern (© Transfer of both Assets and Liabilities of the existing business concern including credit on Electronic Cash Ledger (@ Any of the Above case of Banking company and Financial ah FE (Ranchi, 2019) aha Ose which are intended for making : ae eee eeeSBPD Pul 6. Suppose, one dealer paying tax v Scheme. What will be the fate o balance on Electronic ITC Ledg (a) Reversal of ITC on Exi Electronic Cash Ledger (b) The balance ITC Ledger after Reversal of ITC on Stock will be lapsed (©) Both (a) and (b) above {@ No Reversal of ITC i " 7. Tha dealer paying Tax under Composition scheme in earlier law, switch over to iB Scheme in GST, the treatment of Tax element involved in the stock will be (a) No ITC Credit (b) ITC Credit subject to eligibility (c) Refund of Tax Element (d) None of the Above s 8. Whether credit on Input services or capital goods held in stock can be availed in of new Registration or Voluntary Registration : {a) Yes (b) No : 8. In case of Compulsory registration, input tax credit can be availed on : i (@) on stocks held on the day immediately preceding the date of grant of Tegistration under the provisions of this Act. 5 (©) on stocks held on the day immediately preceding the date of application of registration under the provisions of this Act. (©) on stocks held on the day immediately preceding the date from which he becomes liable to pay tax under the provisions of this Act, provided application for registration is filed within 30 days from the due date @ None of the above 10. Eligibility of credit on capital goods in case of change of scheme from Composition scheme to Regular scheme : (@) Yes Immediately before the date from which he becomes liable to pay tax under the Regular scheme (b) Eligible during application for Regular scheme © Not eligible Can the unutilized inp ‘of business ? _ (@) Not possible (b) No (©) It will be transferred only if it is shown in books of Accounts of transferor (@) Yes, It will be transferred provided there is provision fox transfer of liabi Js Input tax to be paid in case of Switchover from taxable to exempt supplies or from _ composition to regular scheme ? (a) No () Yes equivalent to the credit in respect of inputs and capital goods held in stock. © Yes full credit __,,, @ No should be debited to electronic credit ledger 13, Input tax credit is not available on ; _ (@) Goods used for personal use © Capital goods under Normal £ f his already ITC availed existing stock and er? posi lon, edit sting Stock by Debiting the Blectronic ITC Ledger ang al Case wut tax credit be transferred in case of change in constitution (b) Trading goods (d) Raw MaterialInput Tax Credit 219 ng ITC doesn't include the following of tax invoice b) He has received the goods/services (c) The tax charged has been actually paid to the Government (d) He must have inter-state supply ITC on pre-registration stock is allowed when registration is taken within days from the date on which he is liable for registration : (a) 15 (b) 30 (©) 90 (d) 6 Which one of the following are the time limit for taking input tax credit by a registered taxable person ? (Ranchi, 2019) {a) Due date of furnishing of the return under section 39 for the month of September following the end of financial year to which such invoice or invoice relating to such debit note pertains or furnishing of the relevant annual return, whichever is earlier (b) No time limit (©) Due date of furnishing of the return under section 39 for the month of September following the end of financial year to which such invoice or invoice relating to such debit note pertains (@ 1 year from the date of invoice . Banking company or Financial Institution have an option of claiming : (a) Only 50% Credit (b) Only Eligible credit (©) Eligible Credit or 50% credit (d) Eligible credit and 50% credit . A person becomes liable to pay tax on Ist August, 2017 and has obtained registration on 15th August, 2017. Such person is eligible for input tax credit on inputs held in stock as on : (@) 1st August, 2017 (b) 31st July, 2017 (c) 15th August, 2017 (d) He cannot take credit for the past period ). Whether ITC on tax component of Plant and Machinery is available when depreciation is already claimed on tax components of Plant & Machinery ? (a) Yes (b) No |. The following is applicable on interstate supply : (a) StateGST (b) Central GST —_(c) Intregrated GST (a) None of these .. The following is applicable on intrastate supply : (a) State GST (b) Central GST (©) (a) & (b) both. (d) Integrated GST . Asupplier takes deduction of depreciation on the GST component of the cost of capital goods as per Income-tax Act, 1961. The supplier can : (a) avail only 50% of the said tax component as ITC (b) not avail ITC on the said tax component: (©) avail 100% ITC of the said tax component (@) avail only 25% of the said tax component as ITC . Whether credit of Inputs should be availed based on receipt of documents or receipt of goods ? (Jamshedpur, 2019) (a) Receipt of goods (b) Receipt of documents (©) Both (a) and (b) (@ None of these {Ans. 1. (d), 2. (4), 3. (d), 4. (©), 5. (©), 6. (©), 7. (b), 8. (b), 9. (©), 10. (a), 11. (A), 12. 18. (a), 14. (d), 15. (b), 16. (a), 17. (©), 18. (b), 19. (b), 20. (c), 21. (c), 22. (b), 23. 7Ost 260 SBPD Publication: ‘Axi 5. What ia the validity period of the Registration certifi Person and non-resident taxable pers je Person and wy, h n and Nop Ca Tax ation for reg ration 7 conifiente: of regintrs 9 certifi Site ation 6, Is there in any requirement to pay adv renident at the time of submis 7. Whether registered taxable person © 8. Can cancellation of regixtration be re Multiple Choles Questions 1, The dealers lieble to me Registration are tj) ISD (b) Dealers having Business Vertical# (¢) Canual Dealers and Non-Resident Taxable Person (4) E-Commerce Operator and Aggregator of Branded Services 2, Which one of statements are not correct ? é (a)\A person may not get himself registered voluntarily. (b) A person may get himeelf registered voluntarily. (6) Voluntarily registered person are liable to comply the GST. (4) None of the above is correct. ' Within how many days person should apply for fresh registration? (Ranchi, 2019) (a) Within 30 days from the date he becomes liable for registration. (b) Within 60 days from the date he becomes liable for registration. (©) Within 90 days from the date he becomes liable for registration. (@ Within 120 days from the date he becomes liable for registration. 4. When a person is having multiple business verticals in a same state then whether he is required to obtain separate registration for each business vertical ? (a) Optional (b) Yes (d) Both (a) and (b) above (©) No 5. Suppose, a dealer who is a resident of Kerala has business places both at Tamil Nadu and Kerala, From where he has to take GST Registration ? (Ranchi, 2019) (a) From Kerala Only (b) From Tamil Nadu Only (©) He has to take separate GST Registration both at Tamil Nadu and Kerala with the same PAN Number (d) From either of the states. 6. Suppose one MNC has places of business all over India. Can such an MNC take a single Centralised GST Registration ? (a) Yes (b) No (He has to take Registration in all the states from where he makes supplies of goods or services) (c) Registration only from the state in which his Head Office in India is situated (d) Hither (a) or (c) red to display bi med ? ke estimated Advance Tax Remittance to obtain Gop with all the provisions o =Regist, ‘The ageregate turnover tion for the excludes " PURDON of dete a) Turnover related t5 "emiogy *egistrable minimum turna 6 wee Oil should hve toa he exe me eo it Sa Yes m of Liquor or Petrol, Diesel a as: revstration eerggerton and non-reat () oF (a) Period specified in the « (b) 90 days from the effective da ” Tegistration (9 180 days from the effective gaa.’ reisttation (@ Earliest of (a) or (b) above of registration, Which one of the following is y ot requit (a) any Person engaged exclusives; to both that are not 1 e ly in the busi r liable to ¢; usiness of supplyin, i Tax Act. “Sor wholly exempt from amen Series () an agriculturist, to the extent (© Both of above BY SUPE Of produce out @ None of these 11. Which one of the following is Not true ? () Heeistered persoutis Lami teestpey stil exceeds & 20 lakhs (€10 Lakhs ty specified eateyens FA raver does not b) An agriculturist, to the extent of Supply of produce out of cul liable to take registration (© Both (a) and (b) are not true. (@ A person can collect tax even if he is not registered. 22 Which one is correct reg, eee arding the mandatory of requirement of PAN/TAN for grant of registration. (a) Not required at all. 0) TAN is required for (© PAN is required for @ Both (b) and (c) 4, Whether an E-commerce operatoris mandatory to get registered under GST irrespective of his threshold limit? @ Yes (b) Not mandatory (©) At the option of the nee cee @ At the discretion of the GST department é ae e 4 InGST, the registration application approval is to be intimated by the respective SGST/CGST Officials within : ‘) 10 Common Working days in form gL REG ©) 7 Common Working days in he bed 05 ing days in Common Working days in form GST REG-06 PPlication for ed to get registration 2 tivation of land is not Persons who are required to deduct tax at source w/s 51, registration except in ease of non-resident taxable person. @ 3 Common Working16 GST REG-O3 fgg, ays from the eerng Jn working days ftom theres mon working days fromthe recip, Semi , nished Goods and Capita *TAX payable on. Such Goods whichever is Higher (@ No Tax Liability on Cancellation of Registration : 18 Jealer can apply for the Revocation ofthe Cancellation of Registration in 90 days from the date of the service of the GSTIN Cancellation Order service of the GSTIN Cancellation Order se of the service of the GSTIN Cancellation Order 19. Which one of the following statement is true ? ti (@) Cancellation of registration does not affect th tax and other dues under CGST/SGSTIIGST Act. () Revocation of cancellation of registration under CGST/SGST Act shall be to be a revocation of cancellation of registration under SGST/CGST ‘Year (©) One Year 21. Which one of the following statement is true (@) An Unique Identity Ni ‘any multilateral financial institution or consulate or embassy of foreign254 SBPD Publications GST 29. Liable person for submission of monthly return of : (JabalpurB.Com I, 2019) (a) Registered Dealer (b) Unregistered Dealer (c) Composition Dealer (d) All of above 30. Functions of GST Network Include : (Jamshedpur, 2019) (a) Facilitating Registration (b) Computation and settlement of IGST (c) Matching tax payment detail with banking network (d) Above all [Ans. 1. (c), (a), 3. (a), 4. (a), 5. (©), 6. (b), 7. (©), 8. (b), 9. (d), 10. (c), 11. (d), 12. (d), 13. (a), 14. (b), 15. (a), 16. (c), 17. (©), 18. (c), 19. (d), 20. (d), 21. (d), 22. (d), 23. (d), 24. (d), 25. (c), 26. (d), 27. (c), 28. (d), 29. (a), 30. (d).] True and False 1. By registration under GST regime a trader gets a legal recognition as supplier of goods and services. 2. A person without GST registration can neither collect GST from his customers nor can claim any input tax credit of GST paid by him. 3. Proper officer has to give an opportunity of being heard to a registered person before suspending his registration. [Ans. 1. True, 2. True, 3. False.] Fill in the blanks 1. Through............. every supplier, whose annual total turnover from supply exclusively of goods is more then % 20 Lac, is liable to registered under GST. 2. In a case of amalgamation, demerger of two or more companies, the ...... be liable for registration. [Ans. 1. GST Act, 2. Transferee.] PRACTICAL, QUESTION“ae Reba soOA pi eT ia pule-198A of COST Ryqgeta to o are the procedure for veel 179 08',38B of CGST Rules, 9917 ficatig ; oF movement of der Rule-138 of CGST SV Qctipac. Les “way bill un © Carn 9 ettled by bere °n-in-charge of a conveyance + gull f goods an f doo é gules ation of C0OdS undor Rite 72M algo gy UCUMents lie, oti Ae ill be the consequenece 1380 of oggnain the hea conveyances under Od, pa ig are not filed ? Son Beneratios i ules, 2017 > ‘ure of Inspection and Pie arse j 1 OF Bway bill | | ting ah ewer TYPE Questions Y bill if GSTR-3B and GSTR-1 A ray Hi try) af yothet an e-way bill is to be iseueg i »-way bill be ¢; 'Ssued, : W" the eway Dill be cancetieg ip’ VEN When ; ine can 12 if the there is no < Dep) ay pill B00ds are nett ‘8 no supply ? ‘ there any SPecial situationg Tansported after generation of re r : ‘ he: , consignment is less ¢} Te e-Way hi a han & 60,000 7 > ill needs to be issued even if the value eee ile tonal st es peed under which Eoway g 4 gistere' ‘son. en Sig pats B-Way bill? Whois responsi eration facility may be blocked for a © , seat Sponsil : § therein ? soda © for its generation with necessary information gripe Chore’ Svestions (Ranchi, 2019) ior When an e-way bill is not Tequired to be | (a) Where the goods being transported a, Benerated ? : cGsT als 4 Te specified in Annexure to Rule 138 of the the goods are by he ) oer eing transported , ss (g Where the goods are being transported Ee i i en conveyance | and land customs station to an inland Rs € port, airport, air cargo complex on for clearance by Customs, ntainer depot or a container freight station of (@ All of the above 3 t is the minimum consi b oo el Pani ‘gnment value for which e-way bill is mandatorily required? (5 oa ) &1,00,000/- od (@ €70,000/- . (d) None of the above 3 3, When the movement of goods is caused by an unregistered person the e-way bill shall } be generated by : (a) Unregistered person himself (b) The Transporter nD (c) Either of them (@) None of them = 4, What is a valid tenure for an e-way bill for a distance upto 100 kms ? E (a) One day in cases other than Over Dimensional Cargo y (b) Two days in cases other than Over Dimensional Cargo n (c) One week in cases other than Over Dimensional Cargo _ @) None of the above :a SBPD Publications GST 280 5. The person in charge of a conveyance shall carry : : (a) the invoice or bill of supply é delivery challan, as the case may be (b) acopy of the e-way bill or number of e-way bill (©) Both of them (d) None of them 6. The physical verification of conveyances shall be carried out by : (a) the proper officer as authorised by the Commissioner (b) an officer empowered by him in this behalf (c) either of the above (@) none of the above 7. E way bill generation facility will be blocked : (a) If GSTR-3B return is not filed for 2 months (b) If GSTR-1 return is not filed for 2 months (c) Either of GSTR-3B or GSRT-1 return is not filed for 2 months (d) If GSTR and GSTR-3B returns are not filed for 2 months. (Ans. 1. (d), 2. (a), 3. (c), 4. (a), 5. (c), 6. (c).] True and False 1. E-way bill is in electronic way bill for movement of goods, which can be generated on the GSTN (common Portal.) 2. Every registered Person who causes movement of. goods of consignment value exceed- ing f 1,00,000 has to fill GST. EWB-01 part a form. [Ans. 1. True, 2. False.] Fill in the blanks 1. The validity of E-way bill is consignment. 2. Where the consignment is transported throu, A is not required, eee oss according to the distance and time taken of -motorised conveyance, there thePayment of Tax 289 xr has @SGST Credit of 9 Lakhs in his ITC Ledger and at the ‘a CGST OUTPUT TAK liability of¢2 Lakhs, What amount should ler tohis Blectronic Cash Ledger maintained in GSTN Portal Ans. Following are the difference betw ledger. Electronic Credit Ledger | Credit to the ledger will be through ITC Credi (0 ermisible order of cross ulisation of IGST credit oer the tx ibis: 6 (yscsT, CGST and IGST (G) 1GST, OGST and SGSTAGST, SGST and CGST )CGST, IGST and SGST .GST, SGST and IGST ‘The permissible order of cro (@SGST, CGST and IGST (IGST, CGST and SGSTIGST, SGST and CCST (© CGST and IGST Oe Sea utilisation of SGST credit over the tax liabilities = 15 utilisation of CGST credit over the tax liabilities Long Answer Type Questions "1. Explain the provision oe \issible order of cross 1. Explain the provision ofEleetrnic cash ledger, Electronic credit ledger a ee piacere (@CGST, IGST and SGST_ (@CGST, SGST and IGST 9 lit Ledger is credited by (@ Advance Tax Remittance we Cash Lager ie eedited By & 3 in Hie cae towards Tex rita Fie Interest and Penalty 1 Wen amet ft oe made y he ue? (Tao ts erat on 1 n,Iteent ad Penalty Only at is the sequence of payment of tax where ane a : previous months also ? tea ds Seca Lal esta Remittance i sic ITC Ledger. That dealer 11, Suppose one dealer has Tual lene 4. What are the provisos in elation to nterent jo ta intern on lat pay? 4. Dicusnterhead adjustent of aot in ash laderoneomnon portal ? Multiple Choice Questions : 7 Payment made thoogh call wil be credited o whi : ed vo whch rogitrsdgers? eee lability register (b) Electronic Cash ledger ed lectronic Credit ledger @) All of them hhas an interest arrears fax of the Proper Oflicer/Tax Payer pe Tax under CGST head can be transformed to : liability register zi a. Nee ie B (@) CGST cess pees , (@) All of these Jedger balance can be utilized against (Jabalpur B.Com Hf, 2019) 2 Output tax payable M () Quarterly z All of them (@) Annually: as credited in ited in Blectronic Credit ledger can bo utilized for 4. (0, 5.) 6.0),7. (0), 8. (0), 8. (a), 10, (6), 1.2), 12. (@), (©) Payment of Interest< PX AAW EE t @ None of 1 8.18), 4 (0,5. (0,6. (8, 7.10, 8. tement of outward supply containing Export and Interstate Supplies tration till the last day of the registration till the date «919 i) Decide a supply’ oF whether Hut Of KOods by principal to job worker is treated 88 Gi) Decide whether mann. “hiible for credit on goods sent to job worker. GST oF not Process done by job worker ia taxable aa supply under Ans. (i) AS per GST Act of capital goods tics z 3 Sent tay Ptincipal shall be eligible for credit on tax paid on input input tax of 36,000.» Worker and accordingly, A Ltd. is eligible to take eredit Further, the raw tai year of transferred renal supplied by the principal is received back within one As pee Seb te on 20th January 2018, it shall not be deemed as supply another person’s oy = Z Act, 2017, where treatment or process applied to soods for the purpose of job saoDl of Services even if job worker are using his ‘Bis a supply of service and accordingly consideration of worker on supply by job worker is taxable under GST. eee g Answer Type Question wer =YPe Question 1. Explain these work procedure and what are the conditions to avail input tax credit. Thus job work done by £5,000 received by job E (Jabalpur UGC, 2019) Short Answer Type Questions ie 1. What is a job work ? (Jabalpur, 2019) What happens when the inputs or capital goods are not received back or supplied from the place of business of job worker within prescribed time period ? F What are the provisions concerning taking of ITC in respect of inputs/eapital goods sent to a job worker ? : ea ene . What would be treatment of the waste and scrap generated during the job work ? tiple Choice Questions - Is the principal entitled for credit of goods though he has not received the goods and has been sent to job worker directly by vendor ? (a) No (b) Yes (© Yes, vendor should be located in same place (@) None of the above - Input are sent to job worker by : (a) Supplier (b) Producer (©) Principal (d) Recipients Job work is a: (a) Supply of goods (b) Supply of service (c) Supply of goods and services @ None of thes . Principal entitled for input tax credit on capital goods : (a) If goods sent are returned within one year (b) If goods sent are returned within six months (©) If goods sent are returned within three years @ If goods sent are returned within nine months314 -D Publications GST y 5. The time limit beyond which if goods are not returned, the inputs sent for job Work shall be treated as supply : VA (a) Six months (b) One year (c) Five years (d) Seven years : y 6. The time limit beyond which if goods are not returned, the capital goods sent for jg work shall be treated as supply : J (a) Three years (b) One year (c) Five years (d) Seven years 7. Principal entitled for input tax credit on inputs sent for job work : (a) If goods sent are returned within three years (b) If goods sent are returned within six months (c) If goods sent are returned within one year (d) If goods sent are returned within nine months [Ans. 1. (b), 2. (c), 3. (b), 4. (c), 5. (b), 6. (a), 7. (c).] True or False 1. A significant group of MSME business in India are involved in the job-work sector, providing outsourced manufacturing services. 2. Any treatment or process under taken by a person on goods belonging to another — registered person. 8. As per Schedule-II where treatment or process applied to another person’s goods is not a supply of services. [Ans. 1. True, 2. True, 3. False.] the blank ipal shall bring back, capital ithin ....., of business.317 ch are actually ing to other sera busy auch i roduct/service, the consideration n to j Tas Deduction Those operators display on their portal products 9 or services belong pplied by some other person to the consumer. The go euppliers are displayed on the portals of the operators orvives through these portals. On placing the order f actual eopplier supplies the selected product/service to the con. for the product/ service ix collected by the Operator from the consumer a! the actual supplier after the deduction of commission by the Operator. (@) Who will collect Tax : The e-commerce operator is required to collect tax (2) Rate of TCS ; E-commerce Operator shall collect the ‘tax’ at a rate of 0.5% under OGST Act & @ 0.5% under SGST/UTGST @ 1% under IGST Act, as the case may be, from the supplier Suppose a certain product is so or would collect tax @ 1% (0. 5% CG and cot a particular p The price nd passed 0 Jd at € 1000 through an operator by a seller. ‘The ST & 0.5% SCST/UTGST) of the net value of : on : The e-Commerce Operator as well as the supplier supplying goods fives through an Operator need to compulsorily register under GST. The threshold iz 20 lakhs (< 10 lakhs for special category states) is not applicable to them. ) Due Date of Deposit of TCS : The amount of tax collected by the Operator is aeons cited by the 10th of the following month, during which such collection (G) Furnishing of Monthly Return : The Operator is also required to furnish a bly statement in Form GSTR-8 by the 10th of the following month. ) Furnishing of Annual Return : The Operator is required to file an Annual vat in prescribed form by the 31st of December following the end of every financial year ‘Claim of Credit : The tax collected by the Operator shall be credited to the cash “of the supplier who has supplied the goods/services through the Operator. The ‘can claim credit of the tax collected and reflected in the return by the Operator in ‘electronic cash ledger. ong Answer Type Questions 1. Explain the provision of TDS and TCS under GST. " Short Answer Type Questions 1, What is TDS? (Jabalpur, 2019) 2, What is Tax Collection at Source (TCS) ? 3, Whats the time within which such TCS is to be remitted by the e-commerce operator to Government account ? 4, How can actual suppliers claim credit of this TCS ? 5, Whether a supplier of goods or services supplying through e-commerce operator would be entitled to threshold exemption for the purpose of registration ? le Choice Questions 1. At what rate should the tax be collected at source ? 2 (b) 2% and 0.5% under SGST)_ an )$ Amount by the Deduictors DP Publications GST 2. What will be the time limit for making payment of the TL (a) Within 20 days after the end of the month () Within 15 days after the end of the month (c) Within 10 days after the end of the month (@) Next Working Day after the TDS Collection ae 3. What will be BP ese tint for Issuing a Certificate of oS o a Deductee ? (a) Within 5 Days of the TDS Remittance to the Appropria ‘ aut (b) Within 10 Days of the TDS Remittance to the Appropria a a (©) Within 15 Days of the TDS Remittance to the Appropria' is {d) As and Whe: Deductee asks for the-same: : 4 wa is the on late fee for delay in issuing the Certificate of TDS to the Deductee ? (a) = 100 Per Day with a Maximum of % 5000 (b) = 100 Per Day with a Maximum of % 10,000 (©) % 100 Per Day with a Maximum of % 25000 (d) No Late fee at all. 5. The TDS Remittance of the Deductor will be shown in the : (a) Electronic ITC Ledger of the Deductor . (b) Electronic ITC Ledger of the Deductee (c) Electronic Cash Ledger of the Deductor (d) Electronic Cash Ledger of the Deductee Is there any threshold limit for applying the provisions of Section 52 for collecting tax at source ? (a) TCS applies if net value of taxable supplies exceeds ¢ 10,00,000/- (b) TCS applies if net value of taxable supplies exceeds ¥ 15,00,000/- (c) TCS applies if net value of taxable supplies exceeds % 20,00,000/- (d) No such limit prescribed, tax should always be collected at source if the conditions envisaged u/s 52 are met. E (Ans. 1. (0), 2. (c), 3. (a), 4. (a), 5. (d), 6. (d).] a True or False 1. TDS stands for tax deducted at source and TCS stands for tax collected at source, 2. Deduction shall be made if the location of the supplier and the place of supph State /U.T. which is different from the registration of the recipient) [Ans. 1. True, 2. False,] ‘= Account, Assessment and Audit = ‘he tax authoiion may condut ai ul 66 a place of business ofthe registered person ofthe registered person is authorised to conduct the s le special audit wis 66 ? fered Accountant as may be nominated by the Commissioner. ont Accountant a8 may be nominated by the Commissioner. 2. (@), 3. (A), 4, (0), 5 (0), 6. (b), 7. (b), 8. (a), 9. (2), 10. (€) 11. (0) 1. Every registered person whose turnover during a financial year exceeds the prescribed limit shall gethis ale audited by a CA or cost accountant. 2, Every registered person i fee to give the books of accounts maintained, as per any Jaw as and when required by eompetent authority. §, Assessment in GST is mainly focussed on sel-assesament by the tax payers themselves. [Ans, 1. False, 2: False, 3, True] Fill in the blanks 1. Accounts maintained related to all transactions, of the related the date of filing annual return are to be kept in records upto 2. The record may be maintained electronically and the record authenticated by a .... [Ans. 1. 72 months, 2. Digital signature.) Eee. Electronie form wual and electronic form ting year, from : ‘shall be vonths from the due date of fling of Annual Return for the year raths from the due date of fling of Annual Return for the year | 3 Section 45 within 15 days from service the assessment order. be filed by registered person who has failed to submit return 39 or Section 45 within 45 days from service the assessment order.VCs -.%aVaVa +20 Va, AVA +. VAVAVAM 1 AAA VAM, INSPECTION, SEARCH, SEIZURE AND ARRES?p | ngs may be seized, however, if is not 1 sech goods then the same may be detained and the person ed te take Suh Boods. The person from whom these are veined © copieslextracts of seized records. are rere gartmentafsoksfthings shall be retained only tl the ttle the same x Mh canunationlenquiry/proceedings and if these are not relied on fOr cra maha the Same shall be returned within 0 days from the ietance efor | cause notice 2 sionally released on execution ofbond and furnishing security oF on payment of applicable tax, interest and penalty, however goods tized during transportation shall be released on payment of penalty as presribed se of seizure of goods, a notice has tobe issued within six months, ino notice thin a period of six months then all such goods shall be returned. However, | period of six months can be extended by Commissioner for another six months | on sufficient cause, (® Am Inventory ofthe seized goods/documents/records is required to be made by the officer and the person, from whom the same are seized, shall be given a copy of the same, ) ‘To ensure thatthe provisions for search and seizure are implemented ina proper © Zane ae eee ne a ee | a record of entire proceedings is made and forwarded to the Commissioner. 2 19-4 Arrest ‘consignment of goods being transported in a Motor Vel ‘transit for verification of the documents/ prescribed technology to crack down various eaucus and nexus of fraudsters under GST Law and arrest vuch as Invoice, delivery chellan, E-wa Mae played very important role in checking frauds and acted sx deterrent ce at verified offenders j ae j STR ae ccna + one el of the or pean transit, itis found thatthe goods were arrest. person, where he has reasons to believe that such person has gnmmitte, the: removed or is being transported without prescribed documents or the samme are being | specified offences. i | Specified offences for which arrest ean be made. elaine iIf a person Supplies any goods or of the provisions of thi evade tax —rt n violat services or both without issue of ar ion is Act or the rules made thereunder, with the intention ty tb) Issttes any invoice ces or bot viola or bill without supply of goods or services th in violation of the provisions o f this Act, or the rules made thereunder leading to wrongfy} availment or utilisation of Input tax credit or refund of ta Avails input tax credit using the invoice or bill ree toin cla avails input tax credit without any invoice or bi : Collects any amount as tax but fails to pay the same to the Government beyong @ period of three months from the date on which such payment becomes due; Offences specified above are punishable under GST Act as follows ; In cases where the amount of tax evaded or the amount of input tax credit wrongly availed or utilised or the amount of refund wrongly taken Exceeds : ¢ 500 Lakhs: Punishable with imprisonment for a term which may extend to 5 years and with fine; or 3 Exceeds ¢ 200 Lakhs but does not exceed ¢ 500 Lakhs: Punishable with imprisonment for a term which may extend to 3 years and with fine. 5 A second and every subsequent conviction on account of any of the offences specified above shall be punishable with imprisonment for a term which may extend to 5 years and with fine. 3) e (b) or fraudulently (d) Long Answer Type Questions Long Answer Type Questions 1. Discuss the provisions related to Inspection of business place. 2. Discuss the provisions related to Inspection of goods in movement. 8. Elaborate the provisions related to search and seizure under GST. (Jabalpur, 2019) 4. Explain the circumstances which may lead to arrest under GST. Short Answer Type Questions Short Answer Type Questions 1. Discuss the monetary limit and period of imprisonment in GST. 2. Discuss the provisions of arrest for repeated offenders. Multiple Choice Questions 1, Tax evaded which may lead to imprisonment up to 5 years is : (a) 100 Lacs (b) 200 Lacs (©) 400 Lacs (d) 500 Lacs 2. Inspection of a business place can be authorised by an officer not less than : (a) Inspector (c) Assistant Commissioner [Ans. 1. (d), 2. (d)] (b) Superintendent () Joint Commissionerprocess ? roportionate refund of tax p : an 3. Refund includes ofanybalancesmountislectrnic...-whichhas een cained & credit ledger. Give suitable le. e: {for return in the return, Ans. 1. 60 days, 2 Tourist, 3, Cash Ledger) 5. 6. Explain consumer welfare fund ? 7. Mention the time limit for sanctioning refund of tax. (Waranasi, 2019) ‘Multiple Choice Questions (@)z201 rate of interest to be payable in case of delay in sanctioning there fundq | VAVAVAVA VAAN 7 TAA . YAVAVAM, Soren ANTL-PROFITEERING } MEASURE % y fo services or both supplied by him. 1. Duties of the Authority (Rule-127 of CGST Act, 2017) 1. Pass Benefit to Recipient: Whether any eduction inthe rat of taxon any supply cof goods or services ar the benefit of te input tax credit has been passed on to the recipient by way of reduction in prices 2 Tdentify the Person who does not Pass the Benefit : Identify the registered person whoa not pecsed on the benefit of reduction inthe rat of tax on supply of ‘goods or services or the benefit of input tax credit to the recipient by way of reduction in prices, 3. Order : Authority can pass the following order = (@) reduction in prices; (b) return to the recipient, an amount equivalent to the amount not passed on by way of reduction in prices slong with interest at the rate of eighteen per cent from the date of collection of the higher amount tll the date of the return of such amount or recovery of the amount not returned; % Tenure of Authority (Rule-137 of CGST Act, 2017) © Authority shall ease to exit after the expiry of two years from: 4 ‘Se hsimanexters op his ofceunen ha Conse eee te ca 0 cording to CGST Act, 2017 1 ~~» the deduction done in taxation should be reached ,, ymaccordance to CGST Act, 2017._____ the resistration of traderean also be 2 Mording to the situation, fans. 1 Section 171,2- Rue 1273st Penalities 367 10 Ce the option to pay fine in lieu of confiscation be exercised anytime ? 11. Under what circumstances a conveyance can be detained ? 12. What is the quantum of penalties in case of detention/ seizure of goods and/ or conveyance ? Multiple Choice 1. For minor breaches of tax regulations or procedural requirements, the tax authority shall : (a) not impose substantial penalties (b) impose nominal penalty (d) none of the above 2. Ifthe assessee discovers any default on his own he must pay penalty along section ? (a) Yes (b) No 3. The detained goods shall be released only after payment of: : < (a) Applicable tax and penalty (b) Furnishing a security (c) Tax and Interest (d) Bither (a) or (6) é , 4, Number of days within which the amount of tax and penalty on seized — be paid : ee a3 (b) 14 (c)7 bea A {Ans. 1. (c), 2. (b). 3. ), 4 (b).] True and False ‘ : eee 1, Issuing an incorrect invoice appears in the list of ae oe 2. Under Section 126, the omission or ms documents shall! f pe easily correctable, if the error is evi 3. Penalty will be imposed without giving: ‘ ‘iat iesvl invoice with the eos of goods or services without, isind any invoice with ie ee js an offense under section *" vee, 3 False, 4 True] [Ans. 4, True, 2-