LALA LAJPATRAI COLLEGE OF COMMERCE AND ECONOMICS – MAHALAXMI – MUMBAI – 400034

SYBFM – SEMESTER III – TERM END EXAMINATION – October 2023

SUBJECT: INDIRECT TAX
Date: 16/10/2023 Maximum Marks: 75
Day: Monday Duration: 2.5 Hours

Q.1 A] Multiple Choice Questions ( Any 8) [8 Marks]

1. Gifts not exceeding _________ in value in a financial year by and employer to an employee shall not be
treated as supply of goods or services or both.
a. 50,000 b. 1,00,000 c. 2,00,000 d. 2,50,000
2. Whether definition of inputs includes capital goods
a. Yes b. No c. a or b d. None
3. In which of the following cases, input tax credit is not allowed?
a. Packing material used in a factory
b. Good used for providing services during warranty period.
c. Inputs used for quality control check
d. Confectionery items for consumption of employees working in the factory

4. Who can submit application for registration in Form GST REG-09?

a. Non-Resident taxable person b. Input service distributor
c. Person deducting tax at source. d. Person collecting tax at source.

5. The supply of goods to SEZ unit is treated as ________ in the hands of supplier for eligibility of ITC.
a. Exempt Supply b. Deemed Taxable Supply Exports of Supplies
c. Non-Taxable supply d. Exports of Supplies

6. Shall a dealer making the exclusive supply of Alcohol for human consumption or Petrol , Diesel and Crude
Oil have to take registration under the GST Act ?
a. Yes b. No c. Optional d. Either (1) or (3)

7. UQC detail to be furnished for ____________

a. supply of goods b. supply of services c. both for a and b d. none

8. Transaction value of supply excludes ____________

a. GST b. Packing charges c. Subsidy received from an NGO d. Transit Charges

9. IGST is used to set off __________ first.

a. IGST b. CGST c. SGST d. UTGST

10. Input Tax Credit is not available if goods are __________________

a. distributed as free samples. b. sold c. purchased d. kept in stock

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Q.1 B] State whether the following statements are true or false (Attempt any 7 out of 10) [7 Marks]
1. A company and its sole agents are related parties.
2. GST is included in the taxable value of supply.
3. The value of supply shall exclude the subsidies directly linked to the price.
4. Aggregate supplies exclude inward supply taxed under RCM
5. If a person makes even a single inter- state taxable supply of goods, he will be liable to obtain
registration and pay GST.
6. A casual taxable person making taxable supply in India has to compulsory take registration.
7. GST Returns are to be filled manually.
8. Supply of OIDAR services is required to file return monthly within 20 days after the end of such
month.
9. Annual Return has to be filled under section 44 of CGST Act
10. CIN means Challan Identification number it’s a 17-digit number.

Q.2 State whether the following transaction are Composite or Mixed Supply as per GST Act, 2017. [15 marks]
a. Supply of Laptop and carry case.
b. Supply of toothbrush along with toothpaste.
c. A five star hotel providing a package of 3night and 4 days, along with breakfast.
d. Hamper of canned foods, chocolate and cold drink.
e. Speakers installed in car.
f. Sale of two wheeler with warranty.
g. Sale of goods including freight and insurance in transit.
h. Single rent deed of house which has two floors one is for residential purpose and
another is for commercial purpose.
i. Activity of bus body building.
j. Supply of food to in patient as advised by the doctor.
k. Re treading of tyres.
l. Train ticket of Mumbai to Delhi along with free lunch

OR
Q2. Decide with reasons whether the following are supply as per GST Act 2017 [ 15 marks]

1. Sale of goods to Mr. X for Rs.50,000.

2. Transfer of title of goods to Mr. C but consideration has not been received yet.
3. Service of Health consultancy taken from a doctor in USA received in India.
4. Free service of a software developer is taken from Japan without any consideration from a unrelated
party to be used in business.
5. Gift of personal effect to relative for Rs.60,000.
6. Gift to employee of Rs.80,000.
7. Suit filling fees taken by tribunal.

Q3. A. Determine the time of supply in the following case assuming that GST is payable under Forward
charge [ 8 marks]

Date of record Date of issue of

Date of removal of Date of payment in
of receipt of invoice by supplier
goods bank account
goods in books of goods
7th July,2017 4th July,2017 5th July,2017 3rd July,2017
4th August,2017 7th August,2017 7th August,2017 18th August,2017
6th Jan, 2018 4th Jan,2018 5th Jan,2018 4th Jan,2018
15th March,2018 12th March,2018 25th March,2018 11th March,2018

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 18th June, 2019 19th June,2019 6th June,2019 29th June,2019
19th Dec,2019 19th Dec,2019 25th Dec,2019 19th Dec,2019
5th Jan,2019 15th Jan,2019 3rd Jan,2019 15th Dec,2018

Q3. B. Determine the time of supply in the following case assuming that GST is payable under reserve
charge [7 marks]

Date of issue of
Date of payment of receipt of 31st Day from Date
Date of receipt of goods invoice by supplier
goods of Issue of Inovice
of goods
July 1, 2018 August 10, 2018 June 29, 2018 July 29,2018
July 1,2018 June 25, 2018 June 1, 2018 July1,2018
June 1,2018 June 1, 2018 June 1, 2018 July1,2018
August 1,2018 September 5, 2018 June 5, 2018 July5,2018
January 5,2018 December 1, 2018 February 7, 2018 March 10,2018
April 1,2018 May 7, 2018 April 6, 2018 May 6,2018
August 12, 2017 August 8,2017 August 15,2017 September 15,2017

OR

Q3. A How will you determine TOS for Supply of services on forward charge basis? [8 marks]
Q3. B How will you determine TOS for Supply of services on reverse charge basis? [7 marks]

Q4. M/s Jigar and Co. is having registration in the state of Maharashtra and Gujarat. The details of the
transactions entered by him in the month of March, 2022 are as follows [15 marks]

Particulars Maharashtra Gujarat

Sales in Pune
43,000 85,000
Sales in Solapur
67,000 34,000
Sales in Baroda
97,000 23,000
Sales in Ahmedabad
65,000 43,000
Sales in Bangalore
83,000 95,000
Sales in Kerala
25,000 65,000
Sales in Chennai
53,000 21,000
Sales in Silvassa
63,000 18,000

Inter State Purchases

87,000 44,000
Intra State Purchases
98,000 56,000
Opening balance of IGST Rs.5,000, CGST Rs. 3,000 and SGST Rs.3,000
IGST @ 12%, CGST @ 6%, SGST @ 6%. Note: All the amounts are exclusive of GST
Compute the amount of GST payable for the period.

OR

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Q4. Calculate the Amount of GST payable by Mr. D for the month of January,2022. [15 marks]

Particulars CGST SGST IGST Amount

Sale of goods 1.5% 1.5%
78,000
Sale of services 12%
45,000
Service Charges received 9% 9%
234,000
Commission received for acting as agent 12%
65,800
Sale of goods 5%
347,000
Sale of goods 3% 3%
28,700
Sale of goods 14% 14%
95,600
Sale of Services 18%
72,300

Purchases of goods - - 28%

94,000
Services received 3% 3% -
54,000
Commission paid - - 18%
8,650
Job work charges paid 2% 2%
7,630

Q5. A] Distinguish between Direct Tax and Indirect Tax [8 marks]

B] Why is Dual GST required [ 7 marks]
OR
Q.5 C] Write short notes: (Attempt any 3 out of 5) [15 Marks]
i. Features of GST.
ii. Define India.
iii. Taxable Supply
iv. Rates of GST
v. Aggregate Turnover

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