Answers for questions in Worksheet on Concept of Supply

1. Answers for questions (a) to (x) are:

a. No, Securities are neither goods nor services
b. No, transfer of immovable property is not subject to GST
c. No GST, as flowers (goods as per GST) are taxable a NIL rate
d. No, Securities are neither goods nor services
e. No, transfer of agricultural land is not subject to GST
f. No, transfer of personal assets do not constitute furtherance of business
g. No, deposit of Rs.1 lakh money is neither goods nor services
h. No, derivatives are securities, which are neither goods nor services
i. Yes, Rs.10,000 documentation charges are services and subjected to GST
j. Yes, bank commission Rs.200 for DD is subjected to GST
k. Yes, brokerage of Rs.150 is charge for service, hence subject to GST
l. No, amount of loan and interest on loan are money, hence neither goods nor services
m. Yes, supply of non-stick cookware (goods) by registered person to unregistered person is
subjected to GST
n. No, transfer of personal assets do not constitute furtherance of business
o. Yes, import of service (legal advice) is subject to GST under RCM
p. No, transfer of personal assets do not constitute furtherance of business
q. No, there is no consideration for the legal advice imported
r. No, government subsidy is not part of consideration
s. Yes, renting of land (residential) for commercial purpose is subject to GST
t. No, renting of land for agricultural purpose is not subject to GST
u. Yes, supply of unsold stock of closed business is treated as supply in the course of
business and is subject to GST
v. Yes, renting of commercial property for commercial purpose is subject to GST
w. Yes, renting of building (residential) for commercial purpose is subject to GST
x. Yes, supply of flat before the date of completion certificate (or) date of first occupancy is
subject to GST
2. CGST Rs.76,271 & SGST Rs.76,271
3. CGST Rs.76,271 & SGST Rs.76,271
4. CGST Rs.588,960 & SGST Rs.588,960
5. Dubai to Nagpur, import of services, IGST Rs.720,000
6. CGST Rs.126,992 & SGST Rs.126,992 [Rs.1665,000 * 9 / 118 = Rs. 126,992]
7. CGST Rs.205,932 & SGST Rs.205,932 [Rs.2700,000 * 9 / 118 = Rs.205,932]
8. Winning of life-time achievement award does not constitute supply
9. No, supply of flat (20, July) after the date of completion certificate (20 Dec) (or) date of first
occupancy (1 June) is not subject to GST
10. Answers for 3 situations are:
a. Voluntary retirement scheme amount is not subject to GST
b. Pune branch providing consultancy service to Chennai branch is treated as supply
c. New York branch providing consultancy service to Jammu branch is import of supply and
subject to GST under RCM
d. Sydney branch providing consultancy service to New Delhi branch is import of supply
and subject to GST under RCM