negcSrn tt J rere7 Tk, / Kegecto— 24/05/2015 06 Gein ih A: Advanced Accounting, Corporate Accounting and Financial Management: tditeet Tax Antradacion @ ISO Time: 2 Hours ‘Total Marks 60, should form part ofthe answer. 4. Use of simple ealeulator is allowed. a dealer from the state having his business in te the jaformati Qu. Me. Asin i business find the date on which hevwil be lable (o easter available below for transactions related under GST. Give reason for your answer S ns, [Dae “Taxable Purchases Tax Free Purchased = Taxable Sales: Tax Free Sale 1 1-04-2018 —2,00,000 70,000 77s 30,000" ¢ 2-08-2018 Nil Nil *4,90,000 04-2018 3,00,000 160,000 1542018 Nil $200,000. 2» 294-2018 5,00,000 SONS @ 252018 Ni 50,000 {05-2018 10,000 “130,000 1252018 2,00,000 25,000 205-2018 Ni 20,000, 305-2018 3,000 “24,000" Se So SOR: = 21. Mr. Rohit has his place of bss the state of the period areas follows advice him wbether He weeds us} Date Particulars Sac = = Ainouit Re 3-42018 —Tarablesupply of service win theialey == 2:0,000 54-2018 Supply of exempt goods to Deli 3,00,000 15-42018 Suppl of exerap goods wit hee” So ~ "4.50,000 2i-4-2018 Supply of texabe goods within tbe Sale 7,00,000, 15.2018 Purchase of foods from Orissa — 3,00,000 155-2018 Supply of goods 0 SS 1.35.00 (Cémpute the GST diabilty OEWheat Agro Lid°Fot.theonth of August 2018 if all the below D> eeaerons are exclusive of gods and service taxAppliable ate of GST tx is 18%. sy [e.No: Parieulars z ‘Amount Fi Charges forSvafebowsiig OPipricdlwral produce 2,50,000 [2m Cleaning ofwheat sais Sos 350,000 535°S Renting of vacdst apc land Yo rearing horses 9,50,000 a Leasing of agro machinery” 3.5 275,000 ~[5e5 Scare evi 1050,000 6,00,000 2.25,000 Page 1 of 3 1EI2BAOCFDFB87E02AEBC166D698D40C HEU WIL Laliaca06 / Group A: Advanced Accounting, Corporate Accounting and Finanelal Managements lrect Tax- lntrodueth.a oe ‘of non taxable and taxable value of goods and services and alsé the GST liability of. 3 ron of uy 2018 alte below enantio ae ete bal of yaad evi, Q.2.Compute the ‘Me Prakash Lid. tay. Applicable rate of gst tox is 18% . Sto. Particulars Amount Ra) = “Amount received for repayment of loan to SBI SES 5 1605000 “Amount received being an elected member of Parliament $,00,500 Transportation charges where freight collected per carriage was RS.J,000~ 144,000 “Amount received for performance of classical music. S “<= = 45,000" “Amount received for transportation of goods by inland waterways, 25,000, ‘Amount received on withdrawing money from bank T= 250,000 Fees received for investment consultancy service = 1,60,000 = Q.3.Tek Pvt Ltd. Is registered in Maharashtra, jodie lye Fait mono fanwary 2019. Cte th ox sity fo the month of Opening balance in Elecuone Ledger a on Jan SEST=Rs- 27640 COST =R59,370 and TGST = R86000" ‘Transocions daring te monk exlotc Dak « > "availed services @ 5% OST ftom Heed: Maharishi > Purchased, g00ds@ 28% GST froni Surat, Gujarat, = > Provided services @18% GST o Ram of Tamla > Sold goods @12%GST to ‘Maharashtra ~ us December 2018, Calculate the tx lab (Opening balance iE 05} So the wah Benet : onic Ledger as on December! 201 SGST =Rs. 30,000" .~ CGST =Rs.20,000 and - GST = Rs 80,000;> Transaction during the month exclusive of ix se > Inward supplies @5% GST from Bhopal” << 4,00;000 > Purchased goods@ 18% GST from ipur Rajasthas'< 2,00,000 > Provided services @12% GST to Kirin (08) > place of supply and recipient are in the same state. endeted by agent are treated as supply by the principal. . ‘an be granted only on permission by the Apex court. 5 The first 2 charactersof Goods tnd Services Tax Identification Number represents the state code. 5. TDS cerificates to be frished'in form GSTR-7. caIndirect Tax- lntroduction in. ist 5 Pol Heat he ‘account (@) Challan paid Ide ie c ess nd Both a (b) Electronic: (@ Electronic cas ication number (b)Challan 1 (¢) Either agent or a) Warehouse(byGodown ~(e) Any place where (©)\Common PAN Identification number (All ofthe above. 2) Common Portal lentil 8) Electronic lability register (CpBlectronic eredit register. CPIN stands for 2. All ibilities ofa taxable person are recorded and maintained i (B) Select the appropriate alternative and rewrite the statement 4, Services rendered by an agent on behalf of 3. Place of business includes a)Agent (b) Pri 2 a = g 2 i 5 é < z 2 6 rGtoup i js levied on interstate supa] Page 3 of 3 ‘DGS HSGST (C)IGST (AI 1) Destination base 7.GST is based on 5. 6 9 Go Q 3 J leu WIL DLdl 1EI2EAOCFDFBS7E02AEBCI65D698D40C