Level 1
1. Mr. Aakash, a Chartered Accountant, provides audit service to a trust. He has not charged GST but the
department finds out the same during audit. What will be GST liability if the audit fees charged was Rs. 75,000?
a) Rs. 9000
b) Rs. 13500
c) Rs. 11440
d) Rs. 8035
2. Mr. D, a manufacturer of certain items, procures input goods and services within State Rs. 75,000. SGST and
CGST rate on receipts is 9% each. He manufactured two products out of inputs. One product of value Rs.
60,000 was subject to SGST and CGST @ 9% each. Other product of value Rs. 60,000 was exempt from
SGST and CGST. Calculate the tax payable
a) SGST – 5400, CGST – 5400
b) SGST – 3375, CGST – 3375
c) SGST – 2025, CGST – 2025
d) SGST – 6750, CGST – 6750
3. Mr. L, a manufacturer of certain products, is engaged in supply of goods and services. Value of supply of
goods and services in inter-State is Rs. 48,000. Value of supply of goods and services within Sate is Rs.
48,000. IGST rate on supply of goods and services is 12%. CGST and SGST rate is 6% each. Value of
receipt of goods and services within State is Rs. 80,000. SGST and CGST rate on receipt is 6% each.
Calculate tax liability.
a) CGST Rs. 1920
b) SGST Rs. 1920
c) IGST Rs. 1920
d) SGST Rs. 960, CGST Rs. 960
4. Form GST – EWB04 is used for
a) Report of Detention
b) Verification report
c) E-way bill consolidation
d) E-way bill preparation
5. Mr. A from Ajmer has recently taken registration under GST and has prepared an invoice with consignment
value of Rs. 60,000/-. He is sending the goods to transporter (5 kms away from Mr. A) for further movement
to his dealer in Ahmedabad. He needs your advice on what details can be filled later in Part B of e-way bill?
i) Freight amount charged by transporter
ii) Place of delivery
iii) Value of goods
iv) Vehicle number
a) (i)
b) (i) and (iv)
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c) (iv)
d) (ii), (iii) and (iv)
6. Mr. R has issued a tax invoice for moving goods from his office to Mr. A’s shop situated at a distance of 8 kms.
Mr. A will further send the said goods to Mr. Z. The invoice value is Rs. 49,200 + Rs. 8,856 (18% GST) = Rs.
58,056. Is e-way bill required to be prepared by Mr. R, if yes why?
a) Yes, E-way bill shall be issued since the consignment value is Rs. 58,056 (more than Rs. 50,000). Even if
it is 8 kms distance, e-way bill will be required.
b) No, E-way bill need not be issued since consignment value is Rs. 49,200(i.e., less than Rs. 50,000).
c) No, E-way bill shall not be required to be prepared by Mr. R since the goods are in transit only and Mr. A
will further send same goods to Mr. Z. In this case Mr. A will be required to prepare E-way bill.
d) No, E-way bill shall not be issued by Mr. R as the distance is less than 10kms.
7. Mr. Ankit has recently started a retail trade of daily use cosmetic items. Different products have different
prices. He seeks clarification from you with regard to value of goods. At what value the supply of goods is
charged to GST?
a) MRP
b) Market Value
c) Net Realisable Value
d) Transaction Value
8. Mr. S was liable to pay tax of Rs. 20,000 on 20th July, but he failed to pay the same, later he decided to pay
tax on 25th September. Section 50(1) of the CGST Act says that every person who is liable to pay tax but fails
to pay tax or any part thereof within time shall pay interest at 18% for the period for which tax or any part
thereof remains unpaid. What would be the interest amount (rounded off) under section 50 of the CGST Act,
2017 and how would it be calculated?
a) Rs. 900/- Interest amount @ 18 for 3 months
b) Rs. 671/- Interest amount @ 18% on daily basis for 68days
c) Rs. 661/- Interest amount @ 18% on daily basis for 67days
d) Rs. 651/- Interest amount @ 18% on daily basis for 66days
9. Mr. Y is registered under the composition scheme of GST whose aggregate turnover in the preceding financial
year is Rs. 120 lakh. He is doing the following:
i) He is preparing tax invoice and charging 1% tax and showing on the face of invoice
ii) He has total 40 customers out of which 39 customers are in the same State where he is registered and 1
customer is from another State
iii) He is engaged in making supply of goods through e-commerce operator who is required to collect tax at
source u/s 52.
iv) He is filing GSTR-4 return annually.
Which of the above are not permissible for suppliers registered under composition scheme?
a) i,ii
b) i,ii,iii
c) i,ii,iii,iv
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d) i,iii
10. M/s Laxmi, a trader, has returned goods worth Rs. 4,000/- to the supplier and has received the goods returned
by his customer worth Rs. 6,000/-. Is it necessary to account such returns by using the debit / credit note or
he has other options as well? Which of the following option is correct accounting under GST?
a) Credit note issued by M/s Laxmi for goods returned by his customer Rs. 6000/-. Credit note issued by M/s
Laxmi’s supplier for goods returned by M/s Laxmi Rs. 4,000/-
b) Debit note issued by M/s Laxmi for goods returned by his customer Rs. 6000/-. Debit note issued by M/s
Laxmi’s supplier for goods returned by M/s Laxmi Rs. 4,000/-
c) Sales Return tax invoice issued by M/s Laxmi for goods returned from Customer Rs. 6000/-. Purchase
return tax invoice issued by M/s Laxmi for goods returned to supplier Rs. 4,000/-
d) Sales Return voucher issued by M/s Laxmi for goods returned from Customer Rs. 6000/-. Purchase return
voucher issued by M/s Laxmi for goods returned to supplier Rs. 4,000/-
Answers
Question No. Correct option
1. (c)
2. (c)
3. (c)
4. (a)
5. (c)
6. (a)
7. (d)
8. (c)
9. (b)
10. (a)
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