Solutions

Q.1 (A) Select the correct Alternatives and rewrite the sentence (Any 8) (08 Marks)

1) Rate of tax in compositions scheme for retailer CGST and SGST together is 1%
(1%, 2%, 5%, 12%)

2) M/s Suraj of Gujarat supplies goods to M/s Viraj of Delhi, this will classify as Inter State Supply
(Intra State supply, Export supply, Inter State supply, Deemed supply)

3) IGST stands for Integrated Goods and Services

(Integrated Goods and Services Tax, Intra State goods and Services Tax, International Goods and Services
Tax, Internet Goods and Services Tax)

4) Every deposit made towards tax, interest, penalty fee or any other amount shall be credited to Electronic
Cash Ledger.
(Electronic Credit Ledger, Electronic Cash Ledger, Electronic Liability Register, Electronic Account Ledger)

5) The first 2 digits of GSTIN represent State code

(Entity code, Country code, State code, Checksum character)

6) For services of Beauty Treatment, the place of supply is the location where services are actually performed.
(of recipient, where services are actually performed, of Supplier, of registered Person)

7) To take input tax credit in time, the person should pay the supplier of goods and services within 180 days. (30
days, 60 days, 120 days,180 days)

8) An interstate supplier is Compulsorily required to get registered under GST.

(Compulsorily, Exempted, Exempted subject to certain conditions, Voluntary)

9) Mixed supply comprise of two or more supplies that attracts highest rate of tax
(Composite, Mixed, Mixed & Composite, Delivered)

10) GST is charged on Supply of goods or services.

(Manufacture, Consumption, Demand, Supply)

Q.1(B) State whether the following are True or False: (Any 7) (07 Marks)

1) First copy of invoice is marked for transporter. False

2) Tax Invoice for goods is prepared in duplicate. False
3) Discount is included in computing transaction value. False
4) Value of supply includes GST. False
5) Exports is Zero rated.True
6) Rate of Tax on Composition for traders is 10%.False
7) Consideration shall include any subsidy by government. False
8) GST applied to whole of India including the territorial water. True
9) ITC can be claimed on purchase of goods for personal use. False
10) Registered person can only claim input tax Credit. True
Q..2 (A) M/s Vijay works registered in state of Maharashtra, provides following details for the month of August.
Calculate its net Tax Liability for the month of August 2023 (15 Marks)

I Calculation of Net Tax Liabililty for the month

Particulars IGST (In Rs) CGST (In Rs) SGST (In Rs)
Sold Goods @ 5% GST to Nikita in Mumbai - 9,000.00 9,000.00
Sold Goods @ 28% GST to Diptti in Nanded - 33,600.00 33,600.00
Provided Services @ 18% GST to Dhiren in Solapur - 43,200.00 43,200.00
Provided Services @ 12% GST to Himesh in Bangalore - -
1,44,000.00
Total (A) 1,44,000.00 85,800.00 85,800.00

II Calculation of Input Tax Credit Avaliable for the month

Particulars IGST (In Rs) CGST (In Rs) SGST (In Rs)
Purchased goods @ 12% GST from Kolhapur - 51,600.00 51,600.00
Purchased goods @ 28% GST from Akola - 1,26,000.00 1,26,000.00
Availed Services @ 18% GST Seam Sangli - 6,300.00 6,300.00
Availed Services @ 5% GST from Jalgaon 1,375.00 1,375.00
Total (B) - 1,85,275.00 1,85,275.00

III Calculation of Net Tax Liabililty

Particulars IGST (In Rs) CGST (In Rs) SGST (In Rs)
Tax Payable (A) 1,44,000.00 85,800.00 85,800.00
Less: Input Tax Credit Avaliable - 1,85,275.00 1,85,275.00
Net Tax Payable/ Excess Credit Avaliable 1,44,000.00 (99,475.00) (99,475.00)

IV Adjustment of Excess Credit Avaliable in

IGST/CGST/SGST
Particulars IGST (In Rs) CGST (In Rs) SGST (In Rs)
Net Tax Payable/ Excess Credit Avaliable 1,44,000.00 (99,475.00) (99,475.00)
CGST Adjusted Against IGST (99,475.00) 99,475.00 -
SGST Adjusted Against IGST (44,525.00) 44,525.00
Net Tax Payable/ Excess Credit Avaliable - - (54,950.00)

Or
Q.2 (B) Mr. Kishan, registered in state of Uttarakhand provides following details for the month of October.
Calculate his net Tax Liability for the month of October 2023.Excess IGST ITC to be utilized in Ratio 50:50
(15 Marks)

I Calculation of Net Tax Liabililty for the month

Particulars IGST (In Rs) CGST (In Rs) SGST (In Rs)
Sold Goods @ 18% GST to Vinil in Ranchi, Jharkhand 1,37,700.00 - -
Sold Goods @ 5% GST to Aman in Ajmer, Rajasthan 48,500.00 - -
Provided Services @ 28% GST to Dishant in Haridwar, - 3,92,000.00 3,92,000.00
Uttarakhand
Provided Services @ 12% GST to Shekhar in Koliam, Kerala 79,200.00 - -
Total (A) 2,65,400.00 3,92,000.00 3,92,000.00

II Calculation of Input Tax Credit Avaliable for the month

Particulars IGST (In Rs) CGST (In Rs) SGST (In Rs)
Inward Supplies @ 28% GST from Ratlam, MP 3,36,000.00 - -
Inward Supplies @ 12 % GST from Guwahati, Assam 2,23,200.00 - -
Inward Supplies @ 18% GST from Raichur, Karnataka 2,43,000.00 - -
Total (B) 8,02,200.00 - -

III Calculation of Net Tax Liabililty

Particulars IGST (In Rs) CGST (In Rs) SGST (In Rs)
Tax Payable (A) 2,65,400.00 3,92,000.00 3,92,000.00
Less: Input Tax Credit Avaliable 8,02,200.00 - -
Net Tax Payable/ Excess Credit Avaliable (5,36,800.00) 3,92,000.00 3,92,000.00

IV Adjustment of Excess Credit Avaliable in IGST/CGST/SGST

Particulars IGST (In Rs) CGST (In Rs) SGST (In Rs)
Net Tax Payable/ Excess Credit Avaliable (5,36,800.00) 3,92,000.00 3,92,000.00
IGST to be adjusted against SGST & CGST in Ratio 50:50 5,36,800.00 (2,68,400.00) (2,68,400.00)
Net Tax Payable/ Excess Credit Avaliable - 1,23,600.00 1,23,600.00

Q.3 (A) Find the time of supply in the following cases : (08 Marks)
Sr. No Date of Removal Date of Invoice Date of Receipt Time of Supply
of Payment
1 01-01-2022 09-01-2022 25-01-2022 01-01-2022
2 23-01-2022 01-01-2022 05-01-2022 01-01-2022
3 14-01-2022 14-01-2022 11-01-2022 11-01-2022
4 15-02-2022 17-02-2022 23-02-2022 15-02-2022
5 20-02-2022 19-02-2022 25-02-2022 19-02-2022
6 15-03-2022 16-03-2022 05-03-2022 05-03-2022
7 17-08-2022 15-08-2022 20-08-2022 15-08-2022
8 19-10-2022 18-10-2022 10-10-2022 10-10-2022
Q.3 (B) Find out place of supply in the following cases (07 Marks)
1) “Rachit”, an architect firm of Mumbai, receives a contract to design shopping mall at Dubai. They courier
papers to M/s Shaikh Mall, Dubai.Dubai
2) Mr.Vimal of Pune got mobile connection from Jio Mobile on post-paid basis.Pune
3) Mr. Virat of Nashik purchase mobile card on prepaid basis from M/s Kartik Mobile Ltd Nashik for
Rs.500.Nashik
4) Harshit having registered office in meerut, imported goods into india from singapore.Meerut
5) Mr. Rajesh imports Tourist Bags from China for her Shop (Registered in Mumbai).Mumbai
6) Rakesh Bhansali from Delhi purchase laptop from electronic stores in Maharashtra.Rakesh bhansali takes
delivery for laptop in Maharashtra. Maharashtra
7) Dr. Rishi of Mumbai performed cosmetic surgery in mumbai on Shreedhar of Delhi for Rs 1,00,000.Mumbai

Or
Q.3 (A) Determine Place of Supply and give Reasons. (8 Marks)
1. Ms. Veena of Maharashtra sells 30 TV set to Mr. Vinom of Karnataka. Goods are delivered by
Gati transport to Karnataka. Delivery terminates at karnataka. Karnataka – As per section
10(1)(a) of IGST Act, where supply involves movement of goods, the place is where goods
delivery terminates.
2. Metro Ltd of Delhi gives order to Tata Construction for supply and installed electric panel for
metro at Pune, Maharashtra. Pune, Maharashtra - As per section 10(1)(d) of IGST Act, where
goods are assembled or installed at site, the place of supply od such installation.
3. GoAir India has its corporate office in Delhi. Food is supplied on board at Mumbai by Sharan
caterers on its Mumbai-Bangalore Flight. Mumbai - As per section 10(1)(e) of IGST Act, where
goods are supplied on board a conveyance, the place of supply shall be location where such
goods are taken on board.
4. Sahid motors of Pune exported motor car to China. China – As per section 11 of IGST act, the
place of supply of goods exported from India shall be the location of the importer.
5. Mr. Sashikumar of Mumbai goes to Delhi for plastic surgery. Delhi – Place of supply for this
service shall be the place where this services are actually performed)
6. Mr. Rishi of Thane, Maharashtra purchase a ticket in Gujarat for watching a movie in Gujarat
Cinema Hall. Gujarat – Place of supply be the place where the event is happening
7. Ms. Priyank of Punjab gets a DTH Installed at her home from Sunstar Ltd. Punjab – Place of
supply in case of DTH installed be the place of installation.
8. Couple Goals Ltd of Jaipur is hired by Mr. Richard to plan and organize his wedding at
Amritsar. Amritsar - Place of supply be the place where the event is happening like in above
case the wedding is taking place in Amritsar, so place of supply is Amritsar.

Q.3 (B) Ms.Kamlesh entered into a contract with Ms. Kanika for supply of Machine. (7 Marks)

Particulars Amount in Rs
Value of Machine including GST @ 28% 13,00,000.00
Taxes (other than CGST/ SGST/ IGST) charged separately by Ms.Kamlesh 75,000.00
Expenses incurred by Ms. Kanika on behalf of Ms.Kamlesh :
a) Pre. Installation Consultancy 15,000.00
b) Commission 27,000.00
c) Designing Charges 12,000.00
Other information:
a) Subsidy received from Central government -
b) Subsidy received from third party 70,000.00
c) Customized Packing charges paid by Ms. Kamlesh on request of Ms.Kanika 13,000.00

Total Value of Supply 15,12,000.00

Q.4 (A) Mr. Amish is new dealer dealing only in goods. From the following information find out on which day he
will be liable to register under GST. Give reasons for your answer ( 8 Marks)
Sales
Date Taxable Tax Free Cumulative
02-04-2023 0 0 0
09-04-2023 15,50,000 1,90,000 17,40,000
15-04-2023 4,50,000 1,05,000 22,95,000
27-04-2023 50,000 4,50,000 27,95,000
01-05-2023 0 0 27,95,000
10-05-2023 4,90,000 1,60,000 34,45,000
15-05-2023 90,000 3,10,000 38,45,000
20-05-2023 45,000 20,000 39,10,000
29-05-2023 9,00,000 7,10,000 55,20,000
Mr.Amish is liable to get registered under gst from 29-05-2023, as the aggregate turnover limit is exceeding Rs
40,00,000/-.

Q.4 (B) Calculate Aggregate Turnover of Mr. Hemant based on the following details given by him:
(7 Marks)
Sr. No. Particulars Amount
1 Exempt supplies 1,93,000
2 Inter — state supplies excluding GST @ 5% 8,40,000
3 Taxable supplies including GST @ 28% (896000*100/128) 7,00,000
4 Export of goods 1,06,000
5 Inward supplies on which tax is payable under reverse charge -
6 Export of services 4,27,000
7 Purchase Goods -
Total Aggregate Turnover 22,66,000
 Or

Q.4 (A) Following are the activities/transactions decide whether goods and services tax shall be levied on them.
(8 Marks)

Computation of Taxable Service & goods and services tax Liability

Particulars Non- Taxable
Taxable
Job work of Agriculture Rs 1 lakhs. -
1,00,000.00
Charges for printing work undertaken for the client Rs 2 lakhs. -
2,00,000.00
Charges for textile processing work for the client Rs 3 lakhs. -
3,00,000.00
Charges for cutting polishing work of diamond and gemstones for the client Rs 4 lakhs. -
4,00,000.00
Charges for manufacture of alcoholic drinks Rs 5 lakhs. -
5,00,000.00
Transfer of a Partnership firm, which is a going concern Rs 6 lakhs
6,00,000.00
Sale of goods which is liable to nil rate of duty Rs 7 lakhs. -
7,00,000.00
Sale of goods which is liable to @ 12% Rs 8 lakhs. -
8,00,000.00
Value of Taxable and non-taxable Services
7,00,000.00 29,00,000.00

Q.4 (B) M/s IKAIASAI and Company from Prabhadevi gives the following information regarding supply of goods.
You are required to find out the date from which the company is liable for registration under GST.
Date Supply of Taxable Supply of Exempt Cumulative
Goods (Rs.) Goods (Rs.)
10-03-2023 4,80,000 40,000 5,20,000
20-03-2023 6,80,000 1,16,000 13,16,000
30-03-2023 10,80,000 1,44,000 25,40,000
10-04-2023 8,92,000 1,76,000 36,08,000
20-04-2023 1,04,400 1,24,000 38,36,400
30-04-2023 86,000 84,000 40,06,400
M/s IKAIASAI and company is required to get registered under GST from 30-04-2022, as the aggregate
turnover is exceeding 40,00,000/-.