GST Mcq's

CS EXECUTIVE - GST & CUSTOM
MOST LIKELY
MCQ's
For Dec 2022
CMA VIPUL SHAH
YES
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CMA VIPUL SHAH CS EXECUTIVE GST MCQ MARATHON FOR DEC - 22
INDEX
CHAPTER NO. CHAPTER NAME No. of MCQ PAGE NO.
1 GST IN INDIA – A BRIEF INTRODUCTION 7 2
2 SUPPLY UNDER GST 13 3
3 CHARGE OF GST 3 6
4 COMPOSITION LEVY 12 7
5 PLACE OF SUPPLY 17 10
6 TIME OF SUPPLY 14 13
7 VALUE OF SUPPLY 22 16
8 INPUT TAX CREDIT 17 20
9 REGISTRATION 17 24
10 TAX INVOICE, CREDIT & DEBIT NOTES AND E- 10 27
WAY BILL
11 ACCOUNTS AND RECORDS 5 29
12 PAYMENT OF TAX, TDS & TCS 14 31
13 RETURNS 6 34
14 REFUNDS 5 35
15 ADMINISTRATION, ASSESSMENT AND AUDIT 9 36
16 UNION TERRITORY GOODS AND SERVICES TAX 2 38
17 GST (COMPANSATION TO STATES) 5 39
CUSTOME
1 OVERVIEW OF CUSTOMS ACT 17 40
YES ACADEMY FOR CS 8888 235 235 1

CHAPTER 1 GST IN INDIA – A BRIEF INTRODUCTION
MULTIPLE CHOICE QUESTIONS
1. GST Council is the……constituted under……for 2. Every decision of the Goods and Service Tax
making recommendations on various issues Council shall be taken at a meeting, by majority
relating Policy making, formulation of of not less than………weighted votes of the
principles and implementation of policies members present and voting. The vote of the
under Goods and Services Tax regime having Central Government shall have the weightage of
its Headquarters located at…… (Dec. 2020) ………of the total votes cast and the votes of all
the State Government taken together shall have
a weightage of………of the total votes cast in that
meeting. (Dec.2019)
a Apex Body; Article 279A; Delhi a 2/3,1/3,
b Board; Article 279A(i); NCR b 3/4,1/3,2/3
c Committee of Ministers; Article 279A; NOIDA c 2/3,2/3,1/3
d Apex Body; Article 286; Chennai d 3/4,1/2,2/3
3. When GST council constituted - 4. When President assent was obtained for Central
GST -
a 15-09-2016 a 18th April 2017
b 13-09-2016 b 22"d April 2017
c 12-09-2016 c 5th April 2017
d 20-09-2016 d 12th April 2017
5. GST is one of the biggest taxation reforms 6. Various taxes levied under different Acts were
of Independent India being implemented with sub-summed under CGST Act, 2017 on the
the aim of enhancing the overall growth of objective of one nation one tax. However, certain
the Nation. It is a comprehensive……………… items still continue to be taxed both under the
indirect tax levy on goods as well as services Central Excise law & GST law even after
……………… (Dec. 2021) implementation of CGST Act, 2017. Find such
items out of the following:(Dec. 2021)
a Supply based; National Level a Motor Spirit and Natural Gas
b Movement based; State Level b Alcoholic liquor for human consumption
c Destination based; National Level c Tobacco & Tobacco products
d Value based; State Level d All of the above
7. The GST is recommended by the ……………….

on implementation of the Fiscal Responsibility
and Budget Management (FRBM) Act, 2003.
a Kelkar task force
b Chidambaram Task force
c Jaitely task force
d None of the above

CHAPTER 2 SUPPLY UNDER GST
1 Few activities as specified in Schedule-Ill of 2. Construction of a complex, building, civil structure

. CGST Act, 2017 shall be neither treated as or the part thereof including a complex or building
supply of goods nor supply of services. Find intended for sale a buyer, wholly or partly except
out from the following activities which shall where the entire consideration has been received
be neither treated as supply of goods nor after issuance of completion certificate, where
supply of services as specified in this required, by a competent authority or after its
schedule: first occupation, whichever is earlier as per
(i) Actionable claims other than lottery, section 7 of the CGST Act, 2017 read with item
bating, gambling specified in schedule is known as……………….
(ii) Services from employee to employer (Dec.2019)
(iii) Transportation of the deceased
(iv) Renting of immovable property (Dec.
2020)
a (i), (ii) & (iii) a Goods
b (i), (ii) & (iv) b Both Goods and Services
c (ii) & (iii) c Services
d All above d Contract work
3. Schedule -II of the CGST Act, 2017 lists 4. The duties performed by any person as a
various activities or transactions which are Chairperson or a Member or a Director in a body
to be treated as supply of goods or supply of established by the Central Government or a State
services. Find and state which out of the Government or local authority and who is not
following activities, is a supply of services. deemed as an employee before the commencement
(Dec. 2021) of CGST Act, 2017 is ………………
a Transfer of rights in goods or undivided share a Supply of goods
in goods without transfer of title
b Transfer of title in goods b neither as a supply of goods nor a supply service.
c Transfer of title in goods under an agreement c Supply of services
where property in goods passes at a future
date on payment of full consideration
d Permanent transfer or disposal of goods d either as a supply of goods or as a supply service.
forming part of business assets by or under the
directions of the person carrying on the
business
5. Supply of goods by a principal to his agent 6. Example for a Supply of Goods in which possession
where the agent undertakes to supply such of the goods is transferred, but the Title of the
goods on behalf of the principal and supply Goods is not transferred at all and thereby
of goods by an agent to his principal where attains the character of a supply of Service
the agent undertakes to receive such goods
on behalf of the principal are even without
consideration but are construed as specified

is Schedule-I of the CGST Act, 2017 as.

(Dec. 2020)
a supply of goods a Normal Sale of goods
b supply of services b Sales on Approval Basis or Hire Purchases
c Supply c Rent a Car
d supply and known as deemed supply d None of the Above
7. Mr. A has received technical consultancy 8. Goods or Services or both together are often
services from IT Star Consultants, USA. supplied in combination and that's when it may not
The import of technical consultancy will not be simple enough to distinguish supplies and
be liable to GST if — identify separately, as each of them may attract
(i) Mr. A pays some consideration for the a different rate of tax but is being sold as one
services received; package". In this context examine the following
(ii) Mr. A pays some consideration for the statements and identify which are not correct
services received and if Mr. A uses the example of supply as defined in sections 2(30) and
said service for business purposes; 2(74) of the CGST Act, 2017:
(iii) Mr. A uses the said service for business (i) Atal buys a car and also purchases warranty and
purposes even though he does not pay maintenance package for the car by paying a
any consideration for the same; nominal amount. Car and package of warranty &
(iv) Mr. A uses the said service for personal maintenance are supply as per section 2(74) of
purposes and does not pay any the Act.
consideration for the same and is also a (ii) Atal buys a Car and purchases package for
partner in IT Star Consultants; warranty and maintenance of the car by paying
(v) Mr. A uses the said service for business a nominal amount. Car and package of warranty
purposes and does not pay any & maintenance are supply as per section 2(30)
consideration for the same and is also a of the Act
partner in IT Star Consultants. (iii) Rajni buys a microwave oven and some utensils
for use in microwave oven. Both microwave oven
& utensils are sold at a single price. Microwave
oven & utensils are a supply as per section 2(74)
of the Act.
(iv) Rajni buys chocolates, juices and butter from a
shop. All the items have different prices,
Chocolates, juices & butter are supply as per
section 2(74) of the Act. (Dec. 2021)
a (i), (ii), (v) a (i) and (iv)
b (iii), (iv) b (ii) and (iii)
c (ii), (iii) and (v) c (ii) and (iv)
d (iii), (iv) and (v) d (i), (iii) and (iv)
9. Goods and Services to be supplied chargeable 10. Soundarya & Co. sold product A, Product B and
under the CGST Act, 2017 have been Product C as mixed supply. If sold separately the
classified under different specified Code applicable GST rates are 5%, 12% and 28%
Number/s which are known as Harmonized respectively. What GST rate would apply when
System Nomenclature (HSN) Codes. These they are supplied together? (June 2021)

HSN codes have been evolved and developed

by: (June. 2019)
a GST Council a 5% i.e. least rate
b HSN/SAC Codes Committee Customs b 28% i.e. highest rate
c Cooperation Council of Belgium c 12% i.e. standard rate
d None of the above d 15% i.e. average rate
11. A supply made by a taxable person to a 12. Which of the following cases constitute as
recipient consisting of two or more taxable Composite Supply?
supply of goods or services or both or any (i) A Five-star hotel provides four days and three-
combination thereof which are naturally night package, with breakfast.
bundled and supplied in conjunction with each (ii) Combo packs of Tie, watch, wallet, pen bundled
other in the ordinarily course of business out as a kit and supplied for a single price.
of which one is a principal supply has been (iii) Repair Service of Computer along with requisite
defined under the CGST Act, 2017 to mean: parts.
(Dec. 2021) (iv) Supply of lectures at coaching centre with an
excursion trip.
a Mixed supply a (i), (ii) and (iv)
b Composite supply b (i) and (iii)
c Bundled supply c (i), (iii) and (iv)
d Both (A) & (B) d (ii), (iii) and (iv)
13. A combo pack of cosmetic products

comprising of items of —
(i) Hair Dryer of value of ₹ 1,500 taxable
under GST @ 28%,
(ii) Tooth-past of value of ₹ 500 taxable @ 12%
and
(iii) different types of Combs of value of ₹ 500
taxable @5%.
The total value of combo pack comprising of
all such items is of ₹ 2,400. Tax to be
charged on such combo pack under the CGST
Act, 2017 shall be of……………… (Dec. 2020)
a ₹ 540
b ₹ 485
c ₹ 672
d ₹ 700

CHAPTER 3 CHARGE OF GST
1. Supply of the following is not liable to CGST 2. In case of Goods Transport Agency (GTA)
………………. services, tax under CGST Act, 2017 is to be paid
under forward charge basis where: (Dec. 2021)
a Alcoholic liquor for industrial consumption a GST is payable @ 12%
b Alcoholic liquor for medicinal consumption b GST is payable @5% and a factory registered under
Factories Act, 1948 is the recipient of GTA services
c Alcoholic liquor for human consumption c GST is payable @5% and an unregistered individual
customer is the recipient of GTA service
d Lottery d None of the above
3. Generally, the supplier of goods or services

is liable to pay GST. However, in specified
case the liability may be cast on the recipient
under the reverse charge mechanism (RCM).
Find and state in which out of the following
cases the GST is payable by the recipient of
services under RCM:
(i) Services provided by way of sponsorship
to MNO Ltd
(ii) Services given by Y Ltd to Ram through its
director
(iii) Services by department of Posts by way
of speed post to ABC Ltd
(iv) Services provided by a recovery agent to
IGB Bank Ltd (Dec. 2021)
a (i) and (iii)
b (i) and (iv)
c (ii) and (iii)
d (ii) and (iv)

CHAPTER 4 COMPOSITION LEVY
1. Sumit has opted for composition scheme in the 2. A registered person can opt under Composition
Financial Year 2019-20. His aggregate Levy only in respect of one out of his two or more
turnover in Financial Year 2018-19 is Rs. 90 business verticals having same Permanent Account
Lakhs. In Financial Year 2019-20, Mr. Sumit Number (PAN) as per provisions of the CGST Act,
can supply services (other than restaurant 2017. (Dec. 2021)
services) uo to a value……
a Rs. 5,00,000 a Yes
b Rs. 9,00,000 b No
c Rs. 50,00,000 c Yes, subject to prior approval of proper officer
d Nill d Yes, subject to prior approval of GST Council
3. For the purpose of eligibility for composition 4. The composition levy payable by a registered
scheme, the following particulars are given: person whose aggregate turnover in the preceding
i) Intra-State supply of 46,00,000 Financial Year did not exceed ₹ 150 lakh making
NIL rated goods supply by way of or as part of any services or in
ii) Intr-State supplies made 95,00,000 any other manner whatsoever of goods being food
under forward charge or any other article for human consumption or any
iii) Intra-State supplies of 9,00,000 drink (other than Alcoholic Liquor for human
exempted goods consumption)
iv) Inward supplies of goods 4,00,000 where such supply or service is for cash or defer
on which tax is payable payment or other valuable consideration shall be
under RCM at ………………. of turnover. (Dec.2019)
The aggregate turnover is……and composition
scheme is……
a Rs.1.5 crore; Available a 0.5%
b Rs. 1.5 crore; Not available b 1%
c Rs. 1.54 crore; Not available c 2.5%
d Rs. 1.54 crore; Available d 5%
5. What will happen if the turnover of a 6. Suppose, One Taxable Person with same PAN
registered person opting to pay taxes under having business Verticals at Alwar and Ajmer and
composition scheme during the year 2021-22 his Aggregate Turnover in a financial year does
crosses ₹ 150 lakhs? not exceed ₹ 150 lakhs. Can he opt composition
levy of tax at Alwar and Normal Levy at Ajmer?
a He can continue under composition scheme till a Yes
the end of the financial year
b He will be liable to pay tax at normal rates of b No
GST on the entire turnover for the FY 2021-22
c He will cease to remain under the composition c Up to an aggregate turnover of ₹ 150 lakhs at Alwar
scheme with immediate effect only
d He will cease to remain under the composition d Subject to the Discretionary power of the Proper
scheme from the month following the month in Officer
which the aggregate turnover exceeds ₹ 150

lakhs
7. Mr. X registered in Rajasthan has following 8. Sagar & Co. is engaged in supplying management
businesses - Intra-state supply of goods consultancy services in Rajasthan. In the
(turnover ₹ 150 lakhs) and Extending of loans preceding financial year, it has a turnover of ₹
and advances (interest earned ₹ 30 lakhs) in 45 lakh from the management consultancy service.
FY 2021-22. Can he opt for Composition Further, it has also earned a bank interest of ₹
scheme for FY 2022-23? 10 lakh from the fixed deposits. Sagar & Co.
wishes to opt for composition scheme for service
supplier’s u/s 10(2A) read with Notification No.
2/2019-CT (Rate) in the current year. You are
required to advise Sagar & Co. on the same.
a No, as he is engaged in supply of services being a No, as its aggregate turnover in the preceding
extending of loans and advances. financial year exceeds ₹ 50 lakhs.
b Yes, as his aggregate turnover does not exceed b No as Sagar and company is also providing exempt
₹ 150 lakhs as in determining the aggregate services hence it cannot opt for composition scheme
turnover, the value of supply of any exempt for service suppliers u/s 10(2A) read with
services by way of extending deposits and loans Notification No.2/2019-CT (R)
the consideration of which is earned by way of
interest is not taken into account.
c No as his aggregate turnover is ₹ 180 lakhs c Yes, as in computing the aggregate turnover in order
which exceeds the threshold limit of ₹ 150 to determine the eligibility of Sagar & Co. for
lakhs. composition scheme for service supplier’s u/s 10(2A)
read with Notification No. 2/2019- CT (R), value of
supply of exempt services being bank interest shall
not be taken into account. Thus, the aggregate
turnover of Sagar & Co. is ₹ 45 lakh.
d No, as his aggregate turnover exceeds ₹ 100 d No, as service suppliers cannot opt for composition
lakhs. scheme for service suppliers under Section 10(2A)
read with Notification No. 2/2019-CT (Rate)
9. Mr. X started profession of Architect w.ei. 10. Section 10 of the CGST Act, 2017 contains the
01-04-2021. His value of intra-state taxable provisions regarding composition levy. Section
th
supplies upto 30 September 2021 was ₹ 20 10(2A) has enhanced the scope of composition levy
st
lakh. He applied for registration on 1 primarily for small service providers. Find from
October 2021 and opted for composition the following, who cannot opt for composition levy
scheme for service supplier’s u/ s 10(2A) read despite enhancement of its scope:
with Notification No. 2/2019-CT (Rate) in (i) Supplier of services as Salon Stylist
registration application and was granted (ii) Supplier of goods which are not leviable to tax
registration as per provisions of GST law. He (iii) Manufacturer of furniture
made intra-state taxable supplies of T 35 (iv) Manufacturer of Ice-cream
lakhs for the quarter ending 31-12-2021. Casual taxable person (Dec. 2021)
You are required to determine his tax liability
under Notification No. 2/2019-CT (R) for the
period 01-04-2021 to 31-12-2021. The rate
of GST on architect services is 18%.
a ₹ 9,90,000 a (i), (iii) and (v)

b ₹ 6,30,000 b (ii), (iv) and (v)
c ₹ 2,70,000 c ii), (iii) and (iv)

d 2,10,000 d All of the above
11. Section 10 of the CGST Act, 2017 contains 12. A person opting to pay tax as per section 10 of
the provisions regarding composition levy the CGST Act, 2017 under composition levy shall
having objective to reduce compliance cost for as required in Chapter II of Central Goods and
the small tax payers who are having an annual Service Tax Rules, 2017 within 90 days of
turnover of less than? in the preceding exercise of option give the intimation of details
financial year. However, in the States of of stock and inward supplies from unregistered
Arunachal Pradesh and Uttarakhand the person in Form No. (Dec. 2020)
aggregate turnover limit shall be? (Dec. 2020)
a 1 Cr.; 50 lakh a GST CMP-1
b 1 Cr.; 75 lakh b GST CMP-2
c 1.5 Cr.; 50 lakh c GST CMP-3
d 1.5 Cr.; 75 1akh d GST CMP-4

CHAPTER 5 PLACE OF SUPPLY
1. Manish, a registered supplier under GST in 2. Credit of input tax……………… for making zero-rated
Mumbai, is directed by PRC Enterprises, supplies.
Andhra Pradesh to Deliver goods valued at Rs,
2,50,000 to Kumar of Pune in Maharashtra.
The goods were delivered by Manish to Kumar
locally in Maharashtra. The place of supply of
this transaction between Manish and PRC
Enterprises shall be……
a Mumbai, Maharashtra a may be availed
b Andhra Pradesh b cannot be availed
c Pune, Maharashtra c can be partially availed
d None of the above d will have to be reversed
3. Out of IGST paid to the Central Government, 4. The and registered person has paid IGST by
which of the following must be apportioned treating an intra-State supply as inter-State
based on tax rate equivalent to the CGST on supply. The officer has levied CGST SGST as the
similar intra-State supply? same is intra-State supply. What is the remedy?
a Interstate supply of goods or/and services to an a Pay CGST and SGST along with applicable interest
unregistered person.
b Interstate supply of goods or/and services to a b Pay CGST and SGST and Claim refund of IGST
taxable person paying tax under section 10 of
the CGST Act, 2017.
c Interstate supply of goods or/and services to c Forgo IGST paid
taxable person not eligible for input tax credit.
d All of the above. d None of the above
5. ATOZ Ltd. Supplied goods from its factory at 6. Madhu Sudan of Kota an unregistered person
Bikaner to PQRR Ltd under a contract for the engages Wedding Event Company registered at
goods to be delivered at the factory of PQR Delhi for a destination marriage of her daughter
Ltd located at Udaipur. The goods were Radhika to be solemnized in November, 2022 at
th
removed on 9 September, 2019 from the Royal Palace of Jam Nagar, Gujarat. State and
factory of ATOZ Ltd and were delivered to find out the place of services (POS) as per
the factory of PQR Ltd located at Udaipur on provisions of IGST Act, 2017 in this case. (Dec.
th
15 September, 2019. The invoice was issued 2021)
th
on 18 September, 2019 and the payment was
credited to the bank account of ATOZ Ltd on
20th October, 2019 for which the entry in the
books was made on 19th September. 2019
when the cheque was received. The time of
supply in this case will be -
a 18th September, 2019 a Kota
b 9th September, 2019 b Jam Nagar, Gujarat
th
c 15 September, 2019 c Delhi

d 20th October, 2019 d Both in (B) & (C)
7. Kamal Repair Centre of Mumbai has 8. Dhoni & Co., Delhi placed order with Rahul Trade
temporarily imported certain goods though LLP., Bengaluru for supply of 40 laptops to be
Kolkata port from its customer located in China delivered to its branch at Chennai. The supplier
for repairs. The said goods have been re- Rahul Trade LLP directed its branch in Coimbatore
exported to China after carrying out the to deliver the same. What is the place of supply
necessary repairs without being put to any use in this case? Note: Chennai and Coimbatore are in
in Mumbai. Determine place of supply of the same State of Tamil Nadu. (June 2021)
service.
a Mumbai a Delhi
b China b Bengaluru
c Kolkata c Chennai
d None of the above d Coimbatore
9. Kailash Traders, a dealer in furniture, located 10. Q Ltd. Kanpur supplied goods to R Ltd. Of Delhi.
in Maharashtra, receives an order from The goods were removed on 20-10-2020 and were
Ghanshyam Traders, also located in delivered on 23-10-2020. The invoice was issued
Maharashtra. The order is for the supply of on 2-11-2020 and the payment for supply was
250 Chairs, with an instruction to ship the received on 31-12-2020. What is the time of
Chairs to Prime Hardware’s, located in Tamil supply?
Nadu. Prime Hardware’s is a customer of
Ghanshyam Traders. What will be the place
of supply of goods as per Section 10(1)(b) of
CGST Act, 2017?
a Location of the supplier i.e., Maharashtra a 31-12-2020
b Location of the recipient i.e., Tamil Nadu b 23-10-2020
c Location of the third person (being Ghanshyam c 20-10-2020
traders) i.e., Maharashtra
d Location at which such goods are handed over d 2-11-2020
their transportation i.e. Maharashtra
11. Where the supplier of service and recipient of 12. Chennai Branch of BA Trainers Ltd rendered
service are in India, Service provided by way training to employees of CD Co. Ltd. of
of transportation of goods, including by mail or Hyderabad at Lonawala near Pune (Maharashtra).
courier to a person other than a registered The head office of BA Trainers is located in
person, place of supply shall be Kolkata. Where is the place of supply of services?
(June 2021)
a Location of the recipient. a Chennai
b Location of the supplier. b Kolkata
c Location at which such goods are handed over c Hyderabad
for their transportation.
d Location of the destination of such goods. d Lonawala (Maharashtra)

13. What is the place of supply of 14. XYZ Ltd. of Delhi (unregistered person) has
telecommunication service by way of mobile entered into a contract with ASL Training Ltd. of
connection for telecommunication and internet Mumbai for training and performance appraisal of
services and direct to home television service its employees. Training was provided at Dehradun
are provided on pre-paid basis through voucher Training Centre of ASL Training Ltd. Determine
or any other means, through a selling agent or the Place of supply of services. The payment in
a re-seller or a distributor of SIM card or respect of the said service is made from Chennai
re-charge voucher? -
a Location of billing address of the recipient of a Location of the recipient i.e. Delhi
services on the record of the supplier of
services.
b Address of the selling agent or re-seller or b Place where the training was provided i.e.
distributor as per the record of the supplier. Dehradun
c Location where such pre-payment is received or c Location of the supplier of service i.e. Mumbai
such vouchers are sold.
d Location of the recipient of service on the d Place from where the payment is made i.e. Chennai
record of supplier.
15. Mr. X residing in Delhi travelling with Indian 16. Mr. Ravi Raj a registered person based in
Airlines is provided with the movie-on-demand Ahmedabad solicits the services of an Event
service as on-board entertainment during the Management Company based in Mumbai for his
Kolkata - Delhi leg of a Bangkok - Kolkata - daughter's marriage planned as a destination
Delhi flight. Determine the place of supply of wedding at a Palace located in Udaipur. The place
service provided to Mr. X. of supply in this case shall be……………… and tax to
be charged under……………… (Dec.2019)
a Location of the first scheduled point of a Ahmedabad, IGST
departure of that conveyance for the journey
i.e. Bangkok.
b Location of destination of such passenger i.e. b Mumbai, IGST
Delhi.
c Location where movie is demanded i.e. Kolkata c Udaipur, IGST
d Location of recipient i.e. Delhi. d Ahmedabad, SGST
17. Which of the following supply involving

movement of goods is an intra-State supply?
a Location of supplier in Rajasthan and place of
supply in Delhi
b Location of supplier in Delhi and place of
supply in Delhi
c Location of supplier in Delhi and place of supply
in Canada
d Location of supplier in Canada and place of
supply in Delhi

CHAPTER 6 TIME OF SUPPLY
1. Determine the Time of supply in accordance 2. ABC Ltd., supplied goods to XYZ Ltd. under a
with provisions of Section 12 of the CGST Act, contract for the goods to be delivered to the
2017 in case recipient of goods is liable to pay factory of XYZ Ltd. The goods were removed
tax under reverse charge mechanism. from the factory of ABC Ltd. on 9th September,
Date of Date of Date of Date when 2022 and the goods were delivered to the factory
invoice receipt of payment payment debited of XYZ Ltd. on 15th September, 2022.
goods in books in bank account The invoice was issued on 18th September, 2022
01-10- 05-10- 10-10- 12-10-2022 and the payment was credited to ABC's account
2022 2022 2022 on 20th Oct., 2022 although the entry in the
books was made on 19th Sept., 2022 when the
cheque was received. The time of supply in this
case will be: (Dec.2019)
a 01-10-2022 a 18th September, 2022
b 05-10-2022 b 9th September, 2022
c 10-10-2022 c 15th September, 2022
d 12-10-2022 d 20“’October, 2022
3. What is the time of supply in the case of 4. The time of supply (TOS) as per CGST Act, 2017
reverse charge mechanism? (June 2021) under Reverse Charge Mechanism (RCM) shall be
(Dec. 2020)
a 30 days from the date of invoice a the date of receipt of goods
b Date of receipt of goods b the date of payment as entered in books of the
recipient or the date on which the payment is
debited in his bank account whichever is earlier
c Date of payment as reflected in the books of c the date immediately following 30 days from the
recipient date of issue of invoice or any other documents
d Of all the above, whichever is earlier d earliest of (a) or (b) or (c)
5. Mr. A supplies goods worth ₹ 23,600 to Mr. B 6. Determine the time of supply in accordance with
and issues an invoice dated 28-7-2022 for ₹ provisions of Section 12 of the CGST Act, 2017
23,600 and Mr. B pays ₹ 24,000 on 30-7-2022 in case recipient of goods is liable to pay tax
against such supply of goods. The excess ₹ 400 under reverse charge mechanism.
(being less than ₹ 1,000) is adjusted in the Date of Date of Date of Date when
next invoice for supply of goods issued on 15- invoice receipt of payment in payment
8-2022. Identify the time of supply and value goods books debited in
bank account
of supply:
01-10- 15-10- 10-10- 12-10-
2022 2022 2022 2022
a ₹ 24,000 - 30-7-2022 a 01-10-2022
b For ₹ 23,600 - 28-7-2022 and for ₹ 400 - 30- b 15-10-2022
7-2022
c ₹ 24,000 - 28-7-2022 c 10-10-2022
d For ₹ 23,600 - 28-7-2022 and for ₹ 400 -15-8- d 12-10-2022

2022
7. Apte & Apte Ltd. is located in India and holding 8. Ajay Chandra an agriculturist supplies raw cotton
51% of shares of Wilson Ltd., a USA based to Bhilwara Textiles, manufacturers of Cotton
company. Wilson Ltd. provides Business Shirts. Details of events with date taken place in
Auxiliary Services to Apte & Apte Ltd. From this transaction are:
the following details, determine the time of Event Date
supply of Apte & Apte Ltd.: 1 Placement of order for 2 Ton 02-04-2022
Agreed consideration US $ 1,00,000 of Cotton
2 Bhilwara Textiles received 12-05-2022
Date on which services are 16-12-2022
goods
supplied by Wilson Ltd.
3 Invoice issued by Ajay Chandra 15-05-2022
Date on which invoice is sent by 19-12-2022 4 Payment by cheque made by 20-05-2022
Wilson Ltd. buyer by recording in books of
accounts
Date of debit in the books of 30-12-2022
5 Amount credited in bank 24-05-2021
account of Apte & Apte Ltd.
account of Ajay Chandra and
Date on which payment is made 23-03-2023 debited in bank of buyer
by Apte & Apte Ltd. Time of supply (TOS) as per provisions of CGST
Act,2017 in this case would
be (Dec. 2021)
a 16-12-2022 a 12-05-2022
b 19-12-2022 b 15-05-2022
c 30-12-2022 c 20-05-2022
d 23-03-2023 d 24-05-2022
9. ABC Ltd. of Mumbai supplied goods to XYZ Ltd. 10. Value of services rendered is ₹ 1,18,000. Date
of Delhi under a contract for the goods to be of issue of invoice is 5th September 2022.
delivered at the factory of the buyers. Goods Advance Received is ₹ 20,000 on 20th August
removed from the factory of ABC Ltd. on 09- 2022. Balance amount received on 7th September
08-2022 and were delivered in the factory of 2022. What is the time of supply of service
XYZ Ltd. of Delhi on 16-08-2022. Invoice for
the supplies was raised by ABC Ltd. on 18-08-
2022. Payment of the bill was received on 20-
09-2022. The time of supply in this case under
GST be taken as: (June 2019)
a 09-08-2022 a 5th September 2022 for ₹ 1,18,000
b 16-08-2022 b 20th August 2022 for ₹ 1,18,000
c 18-08-2022 c 20th August 2022- ₹ 20,000 and 5th 2022 for ₹
98,000
d 20-09-2022 d 20th August 2022 - ₹ 20,000 and 7th September
2022 for ₹ 98,000
11. Surya Enterprises received advance amount of 12. A machine which is taxable under GST at the rate
₹ 2,00,000 on 12-09-2021 from Ravi Kant of 18% was supplied on 10-06-2021 for which
against which invoice for the value of goods of invoice was issued by the supplier on 03-08-2021

₹ 1,90,000 was issued on 16-09-2021. Balance and payment was received on 10-08-2021. The
amount of ₹ 10,000 on the request of Ravi Kant rate of tax on the machine meanwhile was changed
was to be adjusted in the next bill which was to 12% w.e.f. 01-08-2021. The supply of
issued by Surya Enterprises on 03-10-2021. machine shall be charged to tax under GST at the
The time of supply (TOS) for the amount of ₹ rate of. (Dec. 2020)
10,000 under GST shall be (Dec. 2021)
a 12-09-2021 a 12%
b 16-09-2021 b 15%
c 03-10-2021 c (18-12) = 6%
d 17-09-2021 d 18%
13. A machine which is taxable under GST at the 14. From the following information determine the time
rate of 18% was supplied on 10-06-2019 for of supply of services where services are taxed on
which invoice was issued by the supplier on 3- reverse charge basis.
08-2019. The rate of tax on the machine Date of Date of Date of Entry of
meanwhile was changed to 12% w.e.f. 01-08- invoice completion payment by receipt of
2019. The supply of machine shall be charged issued by of service recipient services in
supplier recipient's
to tax under GST at the rate of-
books
30-11-2022 30-11-2022 15-11-2022 30-11-2022
a 12% a 30-11-2022
b 15% b 15-11-2022
c (18-12) =6% c 30-01-2023
d 18% d 15-01-2023

CHAPTER 7 VALUE OF SUPPLY
1. Mishra Enterprises had made supplies of Rs. 2. Value of supply of goods or services where the
5,50,000 to Bee Kay Enterprises. Municipal consideration is not wholly in money shall be……………
Authorities of Jaipur on such supplies levied
the tax @ 10% of Rs. 55,000. CGST and
SGST chargeable on the supply was of Rs.
66,000. Packing charges not included in the
price of Rs. 5,50,000 amounted to Rs.
15,000. Subsidy of Rs. 25,000 was received
from an NGO on the sale of such goods and
the price of Rs. 5,50,000 is after taking in
to account the amount of subsidy so
received. Discount offered is @ 1% which
was mentioned on the invoice. The value of
supply in this case shall be……
a Rs. 6,45,000 a The open market value of such supply.
b Rs. 6,39,500 b The transaction value of such supply.
c Rs. 6,20,000 c The total value of Consideration in money.
d Rs. 6,38,550 d The total value of consideration not in money.
3. Compute the value of taxable supply and GST 4. Determine the value of taxable supply as per
payable from the following information: ABC Section 15 of the CGST Act, 2017:
Ltd. manufactured school bags. During the Contracted sale price of goods 10,56,000
month of August, XYZ Ltd. purchased 500 (including CGST and SGST @ 5%)
bags at the contracted price of ₹ 1,000 per
bag (excluding GST and discount) from ABC The contracted sale price includes the following
Ltd. XYZ Ltd. supplied chains used in the elements of cost:
manufacturing of the bags to ABC Ltd. (i) Cost of drawings and design 5,000
without consideration as per instruction of
ABC Ltd. The open market value of the (ii) Cost of primary packing 2,000
chains so supplied was ₹ 50 per chain. Also, (iii) Cost of packing at buyer's request 4,000
a discount of ₹ 20 per bag was given by the
(iv) Fright and insurance from 'place 43,000
supplier at the time of the supply and same
of removal' to buyer's premises
has been duly recorded in the invoice issued
in respect of such supply. GST rate is 18%. A discount of ₹ 6,000 was given by the supplier
at the time of supply of goods. CGST and SGST
is levied @ 5%.
a ₹ 5,00,000,190,000 a ₹ 10,56,000
b ₹ 5,15,000, ₹ 92,700 b ₹ 10,50,000
c ₹4,90,000, ₹ 88,200 c ₹ 10,00,000
d ₹ 5,25,000, ₹ 94,500 d ₹ 11,10,000
5. Sinex Meter Ltd. is a registered supplier of 6. XYZ sells its products through unrelated wholesale
solar equipment’s in Himachal Pradesh. dealers. The wholesale price is ₹ 1,00,000

Consignments of solar equipment’s were sent (exclusive of GST). Cash discount of ₹ 3,000 is
to Rohan Pvt. Ltd. - agent of Sinex Meters allowed if the payment is made within 7 days.
Ltd. in Punjab. Rohan Pvt. Ltd. supplied Charges for normal packing ₹ 1,000 which is not
identical meters to the Electrical Stores included in the price. The supplier has paid
located in their respective States for ₹ turnover tax ₹ 1,500 and but the same is not
30,00,000. The open market value of the recoverable from the recipient. What is the value
supply is ₹ 28,00,000. The manufacturing of supply?
cost of consignment transferred to Rohan
Pvt. Ltd. is ₹ 25,00,000. The taxable value
of supply will be
a Nil, as supply is affected between Principal and a ₹ 1,00,000
agent
b ₹ 28,00,000. b ₹ 98,000
c either open market value i.e. ₹ 28,00,000 or c ₹ 99,500
90% of the price charged by the recipient of
the intended supply to the customers, at the
option of the supplier i.e. 90% of ₹30,00,000
= ₹27,00,000
d ₹ 30,00,000. d ₹ 97,000
7. From the following information determine the 8. Mishra Enterprises had made supplies of ₹
value of taxable supply as per provisions of 5,50,000 to Bee Kay Enterprises. Municipal
Section 15 of the CGST Act, 2017? Authorities of Jaipur on such supplies levied the
tax @ 10% of ₹ 55,000. CGST and SGST
Contracted value of supply of goods 11,80,000
chargeable on the supply was of ₹ 66,000. Packing
(including GST @ 18%)
charges not included in the price of ₹ 5,50,000
The contracted value of supply includes the amounted to ₹ 15,000. Subsidy of ₹ 25,000 was
following: received from an NGO on the sale of such goods
and the price of ₹ 5,50,000 is after taking in to
(1) Cost of primary packing 25,000
account the amount of subsidy so received.
(2) Cost of protective packing at 15,000 Discount offered is & 1 % which was mentioned on
recipient's request for safe the invoice. The value of supply in this case shall
transportation be. (Dec.2019)
a ₹ 10,00,000 a ₹ 6,45,000
b ₹ 11,80,000 b ₹ 6,39,500
c ₹ 11,55,000 c ₹ 6,20,000
d ₹ 11,40,000 d ₹ 6,38,550
9. Value of supply of goods or services or both 10. Mankad & Co. Delhi made supplies of Rs. 4,15,000
between distinct or related persons, other to Gupta & Co. of Noida (UP). besides, it charged
than through an agent shall be ……………. Rs. 10,000 towards packing charges. Mankad &
Co. received Rs. 25,000 as subsidy from an NGO
for such supply. It allowed discount @ 2% which
is mentioned in the invoice. what is the value of
supply?
a the transaction value of such supply. a Rs. 4,06,700

b the value of supply of goods or services of b Rs. 4,41,000

like kind and quality.
c the market value of such supply. c Rs. 4,16,500
d All of the above d Rs. 4,31,200
11. Mr. X located in Jaipur purchases 2,000 12. GG Ltd. supplied printers from its establishment
drawing boxes for ₹ 2,00,000 from M/s. located in Maharashtra to its computer
Stationers Ltd. (wholesalers) located in manufacturing unit in Rajasthan @ ₹ 10,000 per
Delhi. Mr. X's son is an employee in M/s. unit. Rajasthan unit is not eligible to avail full
Stationers Ltd. The price of each drawing input tax credit. GG Ltd. supplied such printers
box in the open market is ₹ 120. The supplier during the same period to independent recipient
additionally charges ₹ 5,000 for delivering @ ₹ 14,160 in market (including CGST and SGST
the goods to the recipient's place of @ 18%). Determine the value of supply for GG
business. Determine value of taxable supply. Ltd. in accordance with the CGST Act, 2017 and
the rules made thereof.
a ₹ 2,00,000. a ₹ 10,000 being the transaction value.
b ₹ 1,95,000. b ₹ 12,000 being the open market value of the supply
of such goods i.e. ₹ 14160 less GST amount
included therein.
c ₹ 2,05,000. c ₹ 8,475 being the transaction value less the amount
of GST included therein.
d ₹ 2,40,000. d ₹ 14,160 being the price charged from independent
customer.
13. The US $ 3,000 are converted into UK £ 14. Value of supply of service in relation to purchase
2,200. The RBI reference rate at that time or sale of foreign currency, including Money
for US $ is Rs. 63 per US dollar and for UK Changing if neither of the currencies exchanged
£ is Rs. 85 per UK Pound. What will be the is Indian Rupees shall be …………….
Value of Supply?
a Rs. 1,870 a Foreign Currency sold x RBI Reference Rate of that
currency to Indian rupees
b Rs. 1,250 b Foreign Currency Bought x RBI Reference Rate of
that currency to Indian rupees
c Rs. 1,95,000 c 1 % of Lower of (a) or (b)
d None of the above d 1% of Higher of (a) or (b)
15. As per Rule 32(2)(b) of the CGST Rules, 16. What is the value of supply of services in case of
2017, the option to determine value in Single Premium Annuity Policies?
relation to supply of foreign currency,
including Money Changing shall be deemed to
be for an amount exceeding ₹ 10.00.000:
a ₹ 5,500 + 0.1% of the gross amount of a 25% of single premium charged from the policy
currency holder.
b ₹ 60,000 exchanged b 10% of single premium charged from the policy
holder.
c Lower of (a) or (b) c 12.5% of single premium charged from the policy

holder.
d Higher of (a) or (b) d 12% of single premium charged from the policy
holder.
17. Mr. Roshan is engaged in buying and selling of 18. JC & Co., Chartered Accountants operating at
second-hand cars in Jaipur. During the month Mumbai provided services to a client and issued
of December,2019 he supplied a used car the bill as under:
after some processing at ₹ 6,00,000 which i. Professional Fees ₹ 1,00,000
he had purchased from customer at ₹ ii. Out of pocket Expenses ₹ 10,000
5,40,000 and no input tax credit has been iii. MCA fees for e-filing of documents ₹ 5,000
availed on such purchase. Compute the value The value of service for the purpose of paying tax
of taxable Supply. under GST would be taken as (Dec. 2021)
a ₹ 5,40,000 a ₹ 1,15,000
b ₹6,00,000 b ₹ 1,10,000
c ₹ 60,000 c ₹ 1,05,000
d Nil d ₹ 1,00,000
19. Manked & Co. Delhi made supplies of ₹ 20. Babbur Automobiles of Jaipur has supplied the
4,15,000 to Gupta & Co. of Noida (UP). goods of ₹ 2,66,090 to Goel Automobiles of Ajmer
Besides, it charged ₹ 10,000 towards packing in the month of March, 2022. The supply so made
charges. Mankad & Co. received ₹ 25,000 as was inclusive of tax charged as CGST and SGST
subsidy from an NGO for such supply. It which on the products so sold as per rates
allowed discount @ 2% which is mentioned in prescribed under CGST Act, 2017 is @ 18%. The
the invoice. What is the value of supply? value of supply as per Rule 35 of the CGST Rule,
(June 2021) 2017 of such supply shall be. (Dec.2019)
a ₹ 4,06,700 a ₹ 2,66,090
b ₹ 4,41,000 b ₹ 2,25,000
c ₹ 4,16,500 c ₹ 3,13,986
d ₹ 4,31,200 d ₹ 2,25,500
21. An advance of ₹ 75,000 was received on 25th 22. Baba Automobiles had supplied the goods to Gogia
August, 2021 against the services rendered Automobiles in the month of March, 2022 of the
th
on 12 September, 2021 for the total value invoice value of ₹ 4,72,000. The supply so made
of ₹ 3,00,000. Invoice was also issued on the was inclusive of tax charged as CGST and SGST
th
same day being 12 September, 2021 and the which on the products so sold as per rates
balance payment of ₹ 2,25,000 was received prescribed under CGST Act, 2017 is of 18%. The
th
on 18 September, 2021. The time of supply value of supply as per rule 35 of the CGST Rules,
and the value of supply under CGST Act, 2017 2017 of such supply shall be ……………. (Dec. 2020)
shall be: (Dec. 2020)
a 12th September, 2021; ₹ 3,00,000 a ₹ 4,00,000
th
b 25 August, 2021; ₹ 3,00,000 b ₹ 4,72,000
c 25th August, 2021; ₹ 75,000 and 12th c ₹ 3,87,000
September, 2021; ₹ 2,25,000
d 18th September, 2021; ₹ 3,00,000 d ₹ 4,84,960

CHAPTER 8 INPUT TAX CREDIT
1. Balaram has made purchase of raw material vide 2. Input tax credit in respect of Motor vehicles
invoice dated 11-01-2022 which has IGST of ₹ for transportation of persons having approved
24,000 (18%). Up to which date, he is entitled seating capacity of not more than 13 persons
to take input tax credit? (June 2021) (including the driver) will be available when they
are used for making taxable supplies of
a 10-07-2022 a of such vehicles
b 10-01-2023 b transportation of passengers
c 10-01-2024 c imparting training on driving such vehicles
d 10-10-2022 d All of the above
3. XYZ Ltd., is engaged in manufacture of taxable 4. Inox Ltd. engaged in manufacture of electrical
goods. Compute the ITC available with XYZ Ltd. appliances provides the details of the GST paid
for the month of October from the following on various items during the month of January,
particulars: 2022 and asks you to find out the amount of
S.N. Inward GST (₹) Remarks input tax credit (ITC) available to them:
supplies Particulars Amount (T)
(i) Inputs 'X' 1,20,000 One invoice on which Transformers used in 3,00,000
GST payable was ₹ manufacturing process
10,000, is missing Mini Trucks used for 2,00,000
transportation in factory
(ii) Inputs 'Y' 1,00,000 Inputs are to be
Food, Pastries and articles 25,000
received in two
consumed in factory
instalments. First
Machine capitalized with tax to 2,50,000
instalment has been
claim depreciation (Dec. 2020)
received in October.
a ₹ 1,10,000 a ₹ 5,25,000
b ₹ 1,60,000 b ₹ 5,00,000
c ₹ 2,10,000 c ₹ 7,50,000
d ₹ 2,20,000 d ₹ 7,75,000
5. ABC Ltd. is engaged in manufacture of electrical 6. Chandra Prakash acquired a capital asset on 1st
appliances supply following details relating to April, 2020 which was used for manufacturing
GST paid on various items by them: and production of goods/supplies which are
Item GST Paid (₹) exempt under CGST Act, 2017. However, the
Government, by the notification issued in
Electrical Transformers utilized in 1,20,000 November, 2021 made the supplies so
the manufacturing process manufactured as taxable. Cost of the capital
Trucks used for transporting 80,000 asset was ₹ 5,00,000 on which GST @18% was
materials charged. Amount of input tax credit (ITC) on
such capital asset available for the reason of
Cakes and Pastries for consumption 12,500 asset now being used in the production of
within factory taxable supplies shall be (Dec. 2021)

The amount of Input Tax Credit (ITC) available

to ABC Ltd. shall be. (Dec.2019)
a ₹ 2,00,000 a ₹ 90,000
b ₹ 2,12,500 b ₹ 63,000
c ₹ 52,500 c ₹ 58,500
d ₹ 1,00,000 d ₹ 54,000
7. Mr. Kamal becomes liable to registration on 25th 8. The registered person, in case of supply of
October, 2018. Accordingly, he has applied for capital goods or of plant and machinery on which
th
GST registration on 7 November, 2018. As per ITC has been availed/ taken shall pay an amount
section 18(1)(a), Kamal shall be eligible for ITC equal to the Input Tax Credit on such capital
on Inputs held in stock as on: goods or plant and machinery which is being
arrived at by reducing the Input-tax at
percentage points for every quarter or part
thereof from the date of issue of invoice of
such goods or the tax on the transaction value
of such capital goods, whichever is higher.
(June. 2019)
th
a 24 October a 3
b 25th October b 5
th
c 26 October c 6
d 7th November d 2
9. Suppose, the IGST Credit of ₹ 5 lakhs is cross 10. Determine the amount of ITC admissible to XYZ
utilised to settle the IGST output of ₹ 5 lakhs Limited in respect of following:
of a Rajasthan Dealer. The fund transfer will be: (a) Inputs used for manufacture of 24,000
the final product
(b) Inputs used in trial runs 2,000
(c) Packing materials used in a 4,500
factory
(d) Goods destroyed due to fire 1,000
(e) Goods destroyed due to natural 2,400
calamities
(f) Goods used for providing 3,000
services in warranty period
a ₹ 5 lakhs from IGST Fund will be transferred by a Rs. 36,900
Central government to Rajasthan SGST Fund
b ₹ 5 lakhs from SGST Fund will be transferred by b Rs. 35,900
Rajasthan government in to Central IGST Fund
c ₹ 5 lakhs from CGST Fund will be transferred by c Rs. 33,500
Central government in to Rajasthan SGST Fund
d No Fund Transfer at all. d Rs. 30,500
11. Alpha Ltd dispatched on 10-09-2020 raw 12. Calculate the amount of ITC available from
material to Beta Ltd for conversion into finished the following information:

product. Beta Ltd manufactured and supplied Total ITC on Input 3,00,000
finished goods to Alpha Ltd on 10-01-2022. The Total ITC on Input services 1,80,000
input tax credit on raw materials @ 5% was ₹ 3 The above ITC includes ITC on Input and Input
lakhs. The finished goods were sold on 17-01- Services used:
2022 for ₹ 100 lakhs and output tax was @ 12%. a) Exclusively for Non-Business Purpose=Rs.
What would be the net output tax liability? (June 70,000
2021) b) Exclusively for exempt Supplies = Rs. 30,000
a ₹ 12 lakhs a Rs. 3,00,000
b ₹ 9 lakhs b Rs. 4,80,000
c ₹ 7 lakhs c Rs. 4,10,000
d NIL d Rs. 3,80,000
13. XYZ Ltd of Jaipur purchased on 1-8-2020 a 14. Zebra, a supplier of goods located at Jaipur
machine for ₹ 10 lakh and paid IGST @ 12%. paid GST under regular scheme both Inter-
The ITC of the capital goods used in business was state and Intra-state. The supplies are
claimed till the machine was sold on 5-12-2021 chargeable to GST @ 18%. The outward taxable
for ₹ 6,00,000 to Yadav Enterprises of Jaipur supply in the month of February, made by him
by charging tax under GST @ 12%. Find out the of Intra-state ₹ 12,00,000 and Inter-state ₹
amount of tax payable/ITC reversible. (Dec. 5,00,000. The total tax liability under GST Act
2021) on both these supplies shall be……………if he is
having the Opening Balance of ITC available of
₹ 45,000 each under CGST and SGST and of ₹
55,000 under IGST. (Dec.2019)
a ₹ 1,56,000 a ₹ 3,06,000
b ₹ 84,000 b ₹ 2,16,000
c ₹ 72,000 c ₹ 1,61,000
d ₹ 90,000 d ₹ 1,71,000
15. Chand & Co. bought a machine for ₹ 3 lakhs on 16. Rex Ltd. purchased a machine for ₹ 5 lakhs plus
01-04-2020 plus GST @ 18% was charged on it. GST 12% on 01-05-2020. Its availed input tax
The goods manufactured became chargeable credit and used the machine for manufacture of
w.e.f. 01-08-2021. How much of input tax goods. On 12-12-2021, the machine was sold
credit on such machinery purchase could be to its allied concern for ₹ 1,50,000 plus GST
availed after the goods manufactured by it @ 12%. How much is the GST payable on sale
became taxable under GST? (June 2021) of machine? (June 2021)
a ₹ 40,500 a ₹ 39,000
b ₹ 27,000 b ₹ 36,000
c ₹ 54,000 c ₹ 33,000
d ₹ 37,800 d ₹ 18,000
17. Radhey & Company registered supplier paying

GST under regular scheme had made Inter-State
Taxable Supply of Rs. 8,00,000 and Intra-State
Taxable Supply of Rs. 6,00,000 chargeable
under CGST, SGST, and IGST at the rates of
9%, 9% and 18% respectively. He is having

available amount of ITC under CGST of Rs.

30,000 and under SGST of Rs. 20,000. Supplies
made are exclusive of taxes. Amount of the total
tax payable as CGST, SGST and IGST after
availing the amount of ITC by Radhey & Company
on such supplies shall be of Rs……
a 2,30,000
b 2,00,000
c 2,02,000
d 2,26,000

CHAPTER 9 REGISTRATION
1. Bimal commenced proprietary business on 01- 2. The supply of goods after the completion of the
05-2021. His total value of supply exceeded Job Work from the registered business place of
the limit for mandatory registration on 05-09- a Job Worker by declaring it as an additional
2021. Within how many days, he is liable to place of business of the former to the place of
get registered under the CGST Act, 2017? the business of the recipient of supply will be a
(June 2021) Taxable supply of:
a 5 days a The Job Worker
b 15 days b The Principal or the Dealer who despatched the
goods for job work
c 30 days c Either of the party
d 60 days d Either of the party
3. Vikas Ltd provides following information and 4. Rohan Toys is a registered supplier of goods in
details for the month of November 2021: Delhi. It intends to attend a 7 days' Business
a. Intra-state outward supply ₹ 9 Lakhs Fair organised in Mumbai (next month) where it
b. Inter-state exempts outward supply ₹ 6 Lakhs does not have a fixed place of business. Examine
c. Turnover of exported goods ₹ 12 Lakhs which of the following statements are true for
d. Payment made for availing GTA services ₹ 1 Rohan Toys:
Lakh
The aggregate turnover of Vikas Ltd for the
month of November, 2021 shall be:(Dec. 2021)
a ₹ 9 Lakhs a Rohan Toys is not required to obtain registration in
Mumbai for attending a 7 days' Business Fair.
b ₹ 15 Lakhs b Rohan Toys has to obtain registration as a casual
taxable person for attending the Business Fair.
c ₹ 27 Lakhs c Rohan Toys has to obtain a Unique Identification
Number for attending the Business Fair.
d ₹ 21 Lakhs d None of the above
5. State which shall be taken as the effective 6. Where such person makes taxable supplies of
date of registration as per CGST of Madhur goods or services or both from any of the special
company engaged in supply of taxable services category States being Manipur, Mizoram,
in the state of Rajasthan exceeded ₹ 20 Lakhs Nagaland, and Tripura, he shall be liable to be
th
during the year on 25 September, 2017, the registered if his aggregate turnover in a financial
application for registration under GST was filed year exceeds ……………
th
on 19 October, 2017 and the registration
certificate was granted on 29th October, 2017
by the authority:
a 25-9-2017 a ₹ 10 lakhs
b 19-10-2017 b ₹ 1.5 crores
c 24-10-2017 c ₹ 15 lakhs
d 29-10-2017 d ₹ 20 lakhs

7. Every supplier as per section 22 of the CGST 8. Determine the effective date of registration in
Act, 2017 shall be liable to be registered under following case: The aggregate turnover of
this Act in the State where the taxable Dhampur Industries of Delhi has exceeded ₹ 20
supplies of goods or services or both, if his lakh on Is* September. It submits the application
aggregate turnover in the Financial Year for registration on 20th September. Registration
exceeds. (Dec.2019) certificate is granted to it on 25th September.
a ₹ 20,00,000 a 1st September
b ₹ 40,00,000 b 20th September
c ₹ 30,00,000 c 25th September
d ₹ 60,00,000 d 1st October
9. Section 24 of the CGST Act, 2017 lists 10. Section 24 of the CGST Act, 2017 specifies the
categories of persons who are required to take list of persons who are required for taking of
registration even if they are not covered under compulsory registration under the CGST Act,
section 22 of the Act. Find out from the 2017. Find out from the following list who are
following categories of persons who are being required to take compulsory registration as per
required to take registration as per section 24 section 24 of the CGST Act, 2017:
of the CGST Act, 2017: (i) Input Service Distributor
(i) Casual taxable person (ii) An Inter-state supplier of taxable goods
(ii) Non-resident taxable person (iii) A person required to pay tax under reverse
(iii) Recipient of service under Reverse Charge charge
(iv) Interstate supplier (iv) A person required to deduct tax u/s 51 (Dec.
(v) Input service distributor:(June. 2019) 2020)
a (i), (iii) and (v) a (ii) & (iv)
b (i), (ii), (iv) and (v) b (i), (iii) & (iv)
c (i), (ii) and (v) c (i) & (iv)
d All the 5 in (i) to (v) d (i), (ii), (iii) & (iv)
11. In GST, a Dealer can apply for the Revocation 12. Which of the following person is compulsorily
of the Cancellation of Registration within: required to get himself registered under GST law
irrespective of threshold limit?
a Within 90 days from the date of the service of a Persons making any inter-State taxable supply
the GSTIN Cancellation Order
b Within 60 days from the date of the service of b Casual taxable persons making taxable supply
c Within 30 days from the date of the service of c Persons who are required to pay tax under reverse
the GSTIN Cancellation Order charge
d Within 15 days from the date of the service of d All of the above
13. The registration under GST is………based with 14. The application for registration filed as per Rule
State specific number and is known as GST 8, prior to grant of registration be examined and
Identification Number (GSTIN) which is if found to be deficient, a notice to the applicant
a……………digit number under the CGST Act, in Form……be issued within a period of……days
2017. (Dec.2019) from the date of submission plication. (Dec.2019)

a TAN, 12 a GST REG-03, 7

b PAN, 15 b GST REG-03,3
c TAN, 15 c GST REG-05, 7
d PAN, 12 d GST REG-01,3
15. When the application seeking registration under 16. The proper officer, if has reasons to believe that
GST is deficient and the proper officer has the registration of a person is liable to be
sought some details, within how many days of cancelled under section 29 of CGST Act, then he
such intimation the applicant should furnish shall issue a notice to such person in Form……and
clarification, information or documents sought after considering the reply furnished by such
through electronic mode? (June 2021) person shall pass on order to drop proceedings in
Form……(Dec.2019)
a Within 7 days from the date of receipt of such a GST REG-16, GST REG-17
intimation
b Within 15 days from the original date of b GST REG-17, GST REG-18
application for registration
c Within 15 days from the date of receipt of such c GST REG-17, GST REG-19
information
d Within 30 days from the original date of d GST REG-17, GST REG-20
application for registration
17. Kuber, a registered person under GST as the

proprietor of M/s Natraj Restaurant died on
15-07-2021 and left behind his wife & son. His
son wants to continue the business of the
deceased father and therefore consulted the
tax consultant to complete the formalities
under the CGST Act, 2017. The consultant had
given which out of the following advices to the
son for carrying the business of Natraj
Restaurant after the death of his father.
(Dec. 2021)
a The son should get himself registered by filing
application in GST-REG - 01 under the name of
M/s Natraj Restaurant, in his own PAN and should
also file form GST-ITC - 02.
b The son can get the authorized signatory changed
by filing an application to the proper officer and
can continue the same business in the capacity of
legal heir.
c The son should close the old firm and start new
business under different name or in the same
name by filing application for registration.
d The son should do business in the capacity of a
Manager and by making the wife of deceased (his
mother) as the proprietor of M/s Natraj
Restaurant.

CHAPTER 10 TAX INVOICE, CREDIT & DEBIT NOTES AND E-WAY BILL
1. A registered person shall, on receipt of advance 2. Kirti Manufacturers, Delhi supplies goods to
payment with respect to any supply of goods or Pawan Electronics, Haryana. The goods were
services or both, issue evidencing receipt of removed from its factory in Delhi on 23 rd
such payment. September. Ritu Manufacturers needs to issue a
tax invoice……………
a Credit note a on or before 23rd September.
b Debit note b After 23rd September
c Receipt voucher c on 23th October
d Payment voucher d on 22nd November
3. Mundra Manufacturing Company of Jaipur on 4. Tax invoice referred to in Rule 46 of CGST Rules
the order placed by Dheeraj Enterprises of 2017, in case of taxable supply of services shall
Noida for supply of goods dispatched the goods be issued under Rule 47 of CGST Rules 2017,
from the factory located at Jaipur on l" March, within a period of……………from the date of supply
2022. The tax invoice for such supply by of service. (Dec.2019)
Mundra Manufacturing Company must be issued
on Dheeraj Enterprises on or before……
(Dec.2019)
a 30th March, 2022 a 7 days
st
b 1 March, 2022 b 15 days
c 15th March, 2022 c 30 days
th
d 7 March, 2022 d On the same day
5. If the e-way bill has been generated on 14th 6. Suppose, one dealer issued a tax invoice showing
March, 2020 at 23:58 Hours, the first-day more taxable value or charging more tax than the
would end on…… actual such values. What is the remedy?
a Midnight (14-15 March) a To issue a Credit Note for the excess taxable
value/tax on or before 30th September or the date
of the filing of the Annual Return whichever is
earlier
b Midnight (15-16 March) b To issue a Debit Note for the excess taxable
value/tax on or before 30th September or the
date of the filing of the Annual Return whichever
is earlier
th
c 15 March, 2020 at 23:58 Hrs. c To issue a Credit Note for the excess taxable
value/ tax within 30 days of such detection
d 15th March, 2020 at 23:57 Hrs. d To issue a Debit Note for the excess taxable value/
tax within 30 days of such detection
7. Priya Industries Ltd., Delhi, entered into a 8. Where a tax invoice has been issued for supply
contract with Virat Entrepreneurs, Delhi, for of any goods or services or both and the taxable
th
supply of spare parts of a machine on 7 value or tax charged in that tax invoice is found
September. The spare parts were to be to exceed the taxable value or tax payable in

delivered on 30th September. Priya Industries respect of such supply, the registered person, w
Ltd. removed the finished spare parts from its s supplied such goods or services or both, may
th
factory on 29 September. Determine the date issue to the recipient a…………… containing such
by which invoice must be issued by Priya particulars as may escribed.
Industries Ltd. under GST law.
a On or before 7th September a Credit note
th
b On or before 29 September b Debit note
c On or before 30th September c Receipt voucher
d On or before 29"'October d Payment voucher
9. Where a tax invoice has been issued for supply 10. Every registered person as per section 68 of
of any goods or services or both and the CGST Act, 2017 who causes movement of goods
taxable value or tax charged in that tax invoice of consignment value greater than………whether
is found to be less than the taxable value or for supply or otherwise or due to the inward
tax payable in respect of such supply, the supply from an unregistered person, shall before
registered person, who has supplied such goods commencement of such movement, furnish the
or services or both, shall issue to the recipient necessary information electronically on the portal
containing such particulars as may be in the prescribed form. (Dec.2019)
prescribed.
a Debit note a ₹ 50,000
b Credit note b ₹ 25,000
c Receipt voucher c ₹ 1,00,000
d Payment voucher d ₹ 5,000

CHAPTER 11 ACCOUNTS AND RECORDS
1. The time period prescribed for maintenance of 2. Mark & Co. LLP is a registered person under
accounts and records if the taxable person is a CGST Act. It has maintained books of FY 2021-
party to an appeal or revision shall be — 22 and the GST annual return was also filed
before the due date. Up to what period, the
books of account and ancillary records of the
financial year 2021-22 have to be retained by
it? (June 2021)
a 2 years after final disposal of such appeal or a 48 months from the due date of furnishing the
revision or proceeding, or until the expiry of 36 annual return the books of account and ancillary
months from the last date of filing of Annual records have to be retained by it
Return for the year pertaining to such accounts
and records, whichever is later
b 2 years after final disposal of such appeal or b 60 months from the due date of furnishing the
c 1 year after final disposal of such appeal or c 72 months from the due date of furnishing the
d 1 year after final disposal of such appeal or d 84 months from the due date of furnishing the
3. As per section 36 of the CGST Act, 2017 a 4. A registered person as per section 35 of the
registered person who is party to an appeal/ CGST Act, 2017 is required to maintain proper
any other proceeding before any authority/ accounts and records and keep at his registered,
tribunal shall have to maintain the accounts and principal place of business. Find out from the
books/ records pertaining to the matters of following list of records which records are being
such appeal for a minimum period of after specified under this section required to be
disposal of such appeal/ revision as the case maintained by the registered person:
may be. (Dec. 2020) (i) Production or manufacturing of goods
(ii) Inward and Outward supply of goods or
services or both.
(iii) Stock of goods
(iv) Input credit availed
(v) Output tax payable and paid
(vi) Such other particulars/ records as may be
prescribed (Dec. 2020)
a 9 Months a (i), (iii) & (iv)

b 18 Months b (i), (ii), (iii) & (v)

c 24 Months c (i), (ii), (iii), (iv), (v) & (vi)
d 1 Year d All the six as given in above
5. Every registered person as per section 35 of

the CGST Act, 2017 required to maintain the
necessary accounts and other records at the
……and all such records could be electronic or
manual. (Dec. 2021)
a place of an accountant address
b place of the proprietor/partner/director
address
c principal place of business
d address of any place as given

CHAPTER 12 PAYMENT OF TAX, TDS & TCS
1. Deposits towards tax, penalty, interest, fee 2. Balance in electronic credit ledger under SGST
or any other amount are credited into the can be used against which liability?
……………of a taxable person.
a Electronic liability register a SGST Liability only
b Electronic credit ledger b SGST and IGST liability
c Electronic cash ledger c SGST, IGST and CGST liability
d All of the above d None of the above
3. Interest is calculated: - 4. The permissible order of cross utilisation of IGST

credit over the tax liabilities.
a From the day following the day on which tax a SGST, CGST and IGST
b From the last day such tax was due to be pa b IGST, CGST and SGST
comes due to be paid
c No period is specified c CGST, IGST and SGST
d After 30 days following the day on which t d CGST, SGST and IGST
comes due to be paid
5. Suppose one dealer has an IGST Credit of ₹ 6. Suppose one dealer has a SGST Credit of ₹ 4
4 lakhs in his ITC Ledger and the same time lakhs in his ITC Ledger and at the same time, he
he has an IGST Liability of ₹ 2 lakhs, CGST has a CGST output liability of ₹ 3 lakhs. What an
Liability of ₹ 3 lakhs and SGST Liability of ₹ amount should be deposited by that dealer to his
5 lakhs. What an amount that dealer should Electronic Cash Ledger maintained in GSTN Portal
have to deposit to his Electronic Cash Ledger to file a Valid return.
to discharge his tax liability and to file a
Valid return.
a ₹ 6 lakhs (₹l lakh to CGST and ₹5 lakh to a No Deposit is Required
SGST)
b Nil b ₹ 2 lakh
c ₹ 6 lakhs (₹ 2 lakh to IGST and ₹5 lakhs to c ₹ 3 lakh
SGST)
d ₹ 6 lakhs (₹2 lakhs to IGST and ₹ 4 lakhs to d ₹ 7 lakh
SGST)
7. Suppose one dealer has a credit of ₹ 5 lakhs 8. Electronic Liability Register (ELR) specified in
in his Electronic ITC Ledger. That dealer has section 49(7) shall be maintained as per Rule 85
an interest arrears due of ₹ 6 lakhs and in form for person liable to pay tax, interest,
penalty dues of ₹ 2 lakhs. If so, how much, penalty, late fee or any other amount on the and
he has to deposit to settle the above interest all amounts payable by shall be debited to the
and penalty dues? said register. (Dec. 2021)
a ₹ 3 lakhs a GST PMT - 01; Common Portal
b ₹ 6 lakhs b GST PMT - 06; GST Portal

c ₹2 lakhs c GST PMT - 01; GST Portal

d ₹ 8 lakhs d GST PMT - 05; Common Portal
9. Any amount paid by the taxpayer will be 10. What is the threshold limit for TCS under GST?
reflected in the electronic cash ledger. To
initiate a payment, taxpayers should
generate a challan online using form which
will be valid for a period of (Dec. 2021)
a GST PMT-06; 15 days a Total value of supply under contract value > ₹ 0.5 lacs
b GST PMT-07; 30 days b Total value of supply under contract value > ₹ 1.5 lacs
c GST PMT-08; 45 days c Total value of supply under contract value > ₹ 2.5 lacs
d GST PMT-09; 60 days d No threshold limit
11. When should the e-commerce operator be 12. A & Co. has output tax of IGST of ₹50,000;
liable to collect tax at source? CGST ₹60,000 and SGST ₹90,000. It has input
tax credit by way of 1GST ₹90,000, CGST
₹30,000; SGST ₹38,000. How much is the net
tax liability/ITC after set off? (June 2021)
a E-commerce operator shall collect tax at a IGST = Ni 1/CGST=Ni 1 /SGST = ' 42,000
source in respect of all supplies made through
it.
b E-commerce operator should collect tax at b IGST = Nil/CGST = ₹ 30,000/SGST = ₹ 12,000
source only if the supplier of the goods and is
registered
c E-commerce operator shall collect tax at c IGST = ₹ (40,000)/CGST = ₹ 30,000/SGST =
source on the net taxable value of supplies ₹52,000
made through it by other supplier where the
consideration with respect to such supply is to
be collected by the E-commerce operator.
d E-commerce operator shall collect tax at source d IGST input = ₹ 11,000/CGST= Nil/SGST = ₹ 52,000
only if the net value of taxable supplies exceeds
the prescribed threshold limit.
13. Radhey & Company registered supplier paying 14. The Electronic Liability Register specified under
GST under regular scheme had made section 49(7) of the CGST Act, 2017 as per Rule
Interstate Taxable Supply of ₹8,00,000 and 85 of the CGST Rules 2017 shall be maintained in
Intrastate Taxable Supply of ₹6,00,000 Form……………for each person liable to pay tax,
chargeable under CGST, SGST, and IGST at penalty, late fees or any other amount payable by
the rates of 9%, 9% and 18% respectively. him on the common portal which shall be debited
He is having available amount of ITC under to the said register. (Dec.2019)
CGST of ₹30,000 and under SGST of
₹20,000. Supplies made are exclusive of
taxes. Amount of the total tax payable as
CGST, SGST and IGST after availing the
amount of ITC by Radhey & Company on such
supplies shall be of ₹. dune. 2019)

a 2,30,000 a GST PMT-10

b 2,00,000 b GST PMT-01
c 2,02,000 c GST PMT-05
d 2,26,000 d GSTPMT-02

CHAPTER 13 RETURNS
1. Atul & Co. is a partnership firm engaged in 2. Furnishing of details of outward supplies and of
manufacturing activity. For the outward inward suppliers as per section 37 and 38 of CGST
supplies made in the month of January, Act, 2017 are applicable on a person paying tax
2022, what is the due date for filing GSTR- under composition scheme. However, a person who
1? (June 2021) has opted for composition scheme is still liable to
file a return by 30th April, following the end of
financial year in Form No……… (Dec. 2021)
a 05-02-2022 a GSTR 6
b 11-02-2022 b GSTR 3
c 10-02-2022 c GSTR 5
d 20-02-2022 d GSTR 4
3. Ramji Medicals is a retail trader of medicines 4. Composition tax payer is required to file return in
covered by composition levy of GST. For the Form No. ……………
financial year 2021-22, what is the 'due
date' for filing annual return GSTR-4? (June
2021)
a 31-05-2022 a GSTR-2
b 30-04-2022 b GSTR-3
c 30-09-2022 c GSTR-4
d 31-07-2022 d GSTR-5
5. Any registered person who fails to furnish 6. A goods and service tax practitioner can
the return required under section 44 by the undertake the following activities if authorized by
due date shall be liable to pay? the taxable person—
a a late fee of ₹ 100 for every day during which a Furnish details inward and outward supplies
such failure continues subject to a maximum of
an amount calculated at 0.25% of his turnover
in the State or Union territory.
b a late fee of ₹ 200 for every day during which b Furnish monthly/quarterly return
an amount calculated at 0.25% of his turnover
in the State or Union territory.
c a late fee of ₹ 100 for every day during which c Furnish Annual and Final return
an amount calculated at 0.5% of his turnover in
the State or Union territory.
d a late fee of ₹ 200 for every day during which d All of the above
an amount calculated at 0.5% of his turnover in
the State or Union territory.

CHAPTER 14 REFUNDS
1. The time period for applying for Refund will 2. Refund application is to be filed before the expiry
be: of from the relevant date.
a Before the expiry of 3 months from the a Two years
relevant date
b Before the expiry of 6 months from the b One year
relevant date
c Before the expiry of 1 year from the relevant c 180 days
date
d Before the expiry of 2 years from the relevant d 260 days
date
3. Refunds would be allowed on a provisional 4. What is the monetary limit beyond which a
basis in case of refund claims on account of certificate in GST-RFD-1 by a Chartered
zero-rated supplies of goods and/or services Accountant or a Cost Accountant must be
made by registered persons. At what submitted along with the refund application? (June
percentage would such provisional refunds be 2021)
granted?
a 80% a ₹ 1,00,000
b 65% b ₹ 2,00,000
c 50% c ₹ 5,00,000
d 90% d ₹ 10,00,000
5. Interest on refund amount is required to be

paid after expiry of…………from the date of
receipt of the application—
a 60 days
b 90 days
c 30 days
d 180 days

CHAPTER 15 ADMINISTRATION, ASSESSMENT AND AUDIT
1. If the registered person furnishes a valid 2. The proper officer shall pass an order, within a
return within of the service of the period not later than from the date of receipt of
assessment order u/s 62 111 i.e. best such request, allowing payment of tax on
judgment assessment, the said assessment provisional basis at such rate or on such value as
order shall be deemed to have been may be specified by him.
withdrawn.
a 30 days a 90 days
b 60 days b 60 days
c 1 month c 120 days
d 2 months. d 180 days
3. If final order is not passed within six months, 4. The provisional assessment sought by a taxable
time period specified in 60(1) may, on person can be used by:
sufficient cause being shown and for reasons
to be recorded in writing, be extended:
a by the Joint/Additional Commissioner for a a The taxable person who has sought the provisional
further period of 6 months and by the assessment.
Commissioner for such further period not
exceeding 4 years.
b by the Commissioner for a further period of b Any person whose similar case arises
6 months.
c by the Joint/Additional Commissioner for a c The relative of the taxable person who has sought
further period as he may think’s fit. the provisional assessment.
d by the Joint/Additional Commissioner for a d during self-assessment None of the above.
further period of 1 year and by the
Commissioner for a further period of 4 years.
5. The best judgment assessment order shall be 6. Who is authorised to undertake the audit of a
issued within a period of from the date registered person?
specified under section 44 for furnishing of
the annual return for the financial year to
which the tax not paid relates.
a 5 years a Commissioner or any officer authorised by him
b 60 days b Assistant Commissioner of his own motion
c 1 month c Joint Commissioner of his own motion
d 2 months. d Deputy Commissioner of his own motion
7. On conclusion of audit, the proper officer 8. Where the Commissioner is satisfied that special
shall, within inform the registered person, audit in respect of such registered person cannot
whose records are audited, about the be completed within three months from the date
findings, his rights and obligations and the of commencement of audit the time limit can be
reasons for such findings. extended:

a 30 days a by a further period not exceeding 6 months.

b 45 days b by a further period not exceeding 3 months.
c 15 days c by a further period not exceeding 9 months.
d 60 days d No extension of time limit is permissible.
9. The tax authorities may conduct special audit

under section 65 at:
a the place of business of the registered person
b the office of the tax authorities
c the place of residence of the registered
person.
d (a) or (b)

CHAPTER 16 UNION TERRITORY GOODS AND SERVICES TAX
1. UTGST Act extends to the Union territories 2. The amount of input tax credit available in the
of….…. electronic credit ledger of the registered person
on account of the Union territory tax shall first
be utilised towards payment of…………….
a Andaman and Nicobar Islands a Union territory tax and the amount remaining, if any,
may be utilised towards payment of integrated tax
b Lakshadweep, Dadra and Nagar Haveli and b Union territory tax and the amount remaining, if any,
Daman and Diu may be utilised towards payment of Central tax
c Ladakh, Chandigarh and other territory c Union territory tax and the amount remaining, if any,
may be utilised towards payment of State tax
d All of the above d Integrated tax and the amount remaining, if any,
may be utilised towards payment of Union territory
tax.

CHAPTER 17 GST (COMPANSATION TO STATES)
1. GST (Compensation to States) Act, 2017 has 2. ITC under GST (Compensation to States) Act,
been enacted to provide compensation to the 2017 includes GST Compensation Cess charged on
states for loss of revenue arising on account any supply of -
of implementation of the GST for a period
of…………years.
a 8 a goods and/or services,
b 5 b Goods imported
c 3 c GST Compensation Cess payable on reverse charge
basis;
d 7 d All of the above
3. Input tax credit on Compensation cess paid 4. GST Compensation Cess chargeable on supply of
under GST (Compensation to States) Act, goods or services or both shall be levied on value
2017 is available for payment of - to be determined-
a goods and/ or services, a As per Section 15 of CGST Act, 2017
b Goods imported b As per Industry rates
c GST Compensation Cess payable on reverse c On the basis of prevailing Market Rates
charge basis;
d All of the above d None of the above
5. What is the base year for the purpose of

calculating the compensation under GST
(Compensation to State) Act, 2017? (June
2021)
a F.Y. 2017-18
b F.Y. 2016-17
c F.Y. 2015-16
d F.Y. 2019-20

CHAPTER 1 OVERVIEW OF CUSTOMS ACT
1. The date for determination of rate of duty 2. Duty Drawback under section 74 of the Customs
and tariff valuation of imported goods in the Act, 1962 is admissible where the imported goods
case of goods entered for home consumption are not put to u ter its import at the rate
under section 46. is the of…………. (Dec. 2020)
a Date of presentation of bill of entry. a 85%
b Date of entry inwards to the vessel. b 90%
c Date of presentation of bill of entry or date c 95%
d Date of presentation of bill of entry or date d 98%
3. Any article which is imported into India shall, 4. No safeguard duty shall be imposed on an article
in addition, be liable to integrated tax at originating from a developing country so long as
such rate, not exceeding…………as is leviable the share of import that article from that country
under section 5 of the IGST Act, 2017 on a does not exceed…………of the total imports of that
like article on its supply in India, on the value article into India.
of t ported article as determined under
Section 3(8) of the Customs Tariff Act,
1975.
a 40% a 2%
b 12% b 3%
c 18% c 6%
d 20% d 9%
5. The total period of imposition of safeguard 6. FOB Value of Goods - US $ 10,000. Air freight
duty (including extension) cannot be US $ 2,500. Cost of insurance US $ -100.
beyond…………from the date of i position. Assessable Value will be US $
a 200 days a 12,100.00
b 60 days b 12,600.00
c 4 years c 12,101.25
d 10 years d 12,221.00
7. FOB Value of Goods - US $ 10,000. Sea 8. In determination of FOB value of import what is
freight US $ 2,500. Cost of insurance US $ the presumptive rate of cost of transport, if the
-100. Assessable Value will be US $ actual cost is not ascertainable? (June 2021)
a 12,100.00 a 10% of CIF Value
b 12,600.00 b 20% of FOB Value
c 12,101.25 c 20% of CIF Value
d 12,221.00 d 5% of FOB Value
9. Where the FOB value of the goods is not 10. Customs duty under the Customs Act, 1962 on the
ascertainable but the sum of FOB value of imported goods is to be paid on transaction value
the goods and the cost of transport adjusted in accordance with provision of Rule 10
associated with the delivery of the imported which is known as CIF value. Calculate the CIF
goods to the place of importation is

ascertainable, the cost of insurance to the value of the imported goods from the following
place of importation shall be details and information:
> FOB Value ₹ 6,35,000
> Air Freight ₹ 1,40,000
> Insurance ₹ 3,000 (Dec. 2020)
a 20% of [FOB Value of Goods and Cost of a ₹ 7,78,000
transport]
b 1.125% of CIF Value of goods b ₹ 7,65,000
c 1.125% of [FOB Value of Goods and Cost of c ₹ 7,82,144
transport]
d Nil d ₹ 7,83,719
11. Ascertain the total value including the import 12. An importer, imported consignment of goods,
duty and other chargeable taxes paid on the chargeable to duty @ 15% ad valorem. The vessel
consignment of Pan Masala imported into arrived on 31st May, 2021. W.e.f. 01-06-2021
India by ABC Imports Limited. CIF value of the rate of custom duty was increased to 20%. A
the consignment is of ₹ 1,00,000 on which bill of entry for warehousing the goods was
chargeable rate of Basic Custom Duty is completed on 2nd June, 2021 and the goods were
37.5%, IGST is 28% and Compensation Cess duly warehoused. In the meantime, an exemption
is 60%. (Dec. 2020) notification was issued on 15th October, 2021
reducing the effective customs duty to 10% ad
valorem. Thereafter, the importer filed a bill of
entry for home consumption on 20lh October,
2021. The applicable rate of custom duty is:
a ₹ 2,65,550 a 15%
b ₹ 2,65,756 b 20%
c ₹ 2,81,500 c 10%
d ₹ 2,89,280 d 10% or 20% whichever is more.
13. XYZ Ltd. imported capital goods on 01-07- 14. XYZ Ltd. imported capital goods on 01-04-2021
2021 on which import duty of ₹ 10,00,000 on which import duty of ₹ 10,00,000 is paid on
is paid on importation. The said goods are importation. The said goods are exported after
exported without being put to use on 10-12- being put to use on 10-12-2021. The amount of
2021. The amount of import duty to be import duty to be allowed as drawback is;
allowed as drawback is:
a ₹ 10,00,000 a ₹ 10,00,000
b ₹ 9,50,000 b ₹ 9,50,000
c ₹ 9,80,000 c ₹ 7,50,000
d ₹ 8,50,000 d ₹ 8,50,000
15. Geo Ltd, Ahmedabad exported its machinery 16. The FOB Value of the goods is not ascertainable.
to EXE Co. Inc. of UK. It paid export duty The sum of FOB Value and Cost of Insurance is
of ₹ 21 lakhs. After using them for 12 US $ 11,000. Cost of transportation, loading,
months it was returned by Exe Inc. UK to unloading and handling charges associated with the
Geo Ltd. How much Geo Ltd. is eligible for delivery of the imported goods to the place of
importation is not ascertainable. It shall be

refund of export duty paid earlier? (June ……………

2021)
a ₹ 5,25,000 (25%) a US $ 2,000
b ₹ 10,50,000 (50%) b US $ 2,200
c ₹ 21,00,000 (100%) c US$123.75
d NIL d US$110
17. XYZ Ltd. imported capital goods on 01-04-

2019 on which import duty of ₹ 10,00,000
is paid on importation. The said goods are
exported after being put to use on 01-01-
2022. The amount of import duty to be
allowed as drawback is:
a NIL
b ₹ 9,50,000
c ₹ 7,50,000
d ₹ 8,50,000

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CS EXECUTIVE - GST & CUSTOM

For Dec 2022

CMA VIPUL SHAH

YES ACADEMY FOR CS 8888 235 235 1

CHAPTER 1 GST IN INDIA – A BRIEF INTRODUCTION

MULTIPLE CHOICE QUESTIONS

7. The GST is recommended by the ……………….

YES ACADEMY FOR CS 8888 235 235 2

CHAPTER 2 SUPPLY UNDER GST

1 Few activities as specified in Schedule-Ill of 2. Construction of a complex, building, civil structure

YES ACADEMY FOR CS 8888 235 235 3

is Schedule-I of the CGST Act, 2017 as.

YES ACADEMY FOR CS 8888 235 235 4

HSN codes have been evolved and developed

13. A combo pack of cosmetic products

YES ACADEMY FOR CS 8888 235 235 5

CHAPTER 3 CHARGE OF GST

3. Generally, the supplier of goods or services

YES ACADEMY FOR CS 8888 235 235 6

CHAPTER 4 COMPOSITION LEVY

YES ACADEMY FOR CS 8888 235 235 7

YES ACADEMY FOR CS 8888 235 235 8

b ₹ 6,30,000 b (ii), (iv) and (v)

c ₹ 2,70,000 c ii), (iii) and (iv)

YES ACADEMY FOR CS 8888 235 235 9

CHAPTER 5 PLACE OF SUPPLY

YES ACADEMY FOR CS 8888 235 235 10

d 20th October, 2019 d Both in (B) & (C)

YES ACADEMY FOR CS 8888 235 235 11

17. Which of the following supply involving

YES ACADEMY FOR CS 8888 235 235 12

CHAPTER 6 TIME OF SUPPLY

YES ACADEMY FOR CS 8888 235 235 13

YES ACADEMY FOR CS 8888 235 235 14

YES ACADEMY FOR CS 8888 235 235 15

CHAPTER 7 VALUE OF SUPPLY

Ltd. XYZ Ltd. supplied chains used in the elements of cost:

YES ACADEMY FOR CS 8888 235 235 16

YES ACADEMY FOR CS 8888 235 235 17

b the value of supply of goods or services of b Rs. 4,41,000

YES ACADEMY FOR CS 8888 235 235 18

YES ACADEMY FOR CS 8888 235 235 19

CHAPTER 8 INPUT TAX CREDIT

supplies Particulars Amount (T)

YES ACADEMY FOR CS 8888 235 235 20

The amount of Input Tax Credit (ITC) available

YES ACADEMY FOR CS 8888 235 235 21

17. Radhey & Company registered supplier paying

YES ACADEMY FOR CS 8888 235 235 22

available amount of ITC under CGST of Rs.

YES ACADEMY FOR CS 8888 235 235 23

YES ACADEMY FOR CS 8888 235 235 24

YES ACADEMY FOR CS 8888 235 235 25

a TAN, 12 a GST REG-03, 7

17. Kuber, a registered person under GST as the

YES ACADEMY FOR CS 8888 235 235 26

YES ACADEMY FOR CS 8888 235 235 27

YES ACADEMY FOR CS 8888 235 235 28

CHAPTER 11 ACCOUNTS AND RECORDS

YES ACADEMY FOR CS 8888 235 235 29

b 18 Months b (i), (ii), (iii) & (v)

5. Every registered person as per section 35 of

YES ACADEMY FOR CS 8888 235 235 30

CHAPTER 12 PAYMENT OF TAX, TDS & TCS

GST Mcq's

GST Mcq's