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Chap 1 - Quality Control
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1.What is excluded from the definition of "Firm"?
#ksanghavi_audit
#ksanghavi_audit
Anonymous Quiz
38%
a) Sole practitioner
6%
b) Partnership
45%
c) Corporation
12%
d) Other entity of professional accountants
2. Independence required by the Code is applicable to:
Anonymous Quiz
12%
a) Firm and Firm's personnel
4%
b) Experts contracted by the firm
2%
c) Network firm personnel
83%
d) All of the above
Forwarded from Eduveda - IDT With Mahesh Gour Sir (જય શ્રી રામ)
1. Aircool Ltd., a supplier of air conditioners, is registered under GST in the State of Maharashtra. It has a policy to
gift an air conditioner to its employees [residing in Gujarat] at the end of financial year in terms of the
employment contract. The company installs such air conditioners at the residence of the employees.
During the month of March, the company installed 150 air conditioners at the residence of these employees. The
total open market value of such air conditioners is ₹ 52.50 lakh (excluding GST).The tax rate on such air
conditioners is 28% (14%CGST,14%SGSTand28%IGST).
Compute the GST liability of Air cool Ltd., if any.
option (a) ₹7,35,000-CGST,₹7,35,000-SGST
(b) ₹14,70,000-IGST
(c) Nil
(d) ₹7,35,000–IGST
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Forwarded from Eduveda - IDT With Mahesh Gour Sir (જય શ્રી રામ)
Forwarded from Eduveda - IDT With Mahesh Gour Sir (જય શ્રી રામ)
Adv Level MCQ CA Final IDT Chap 1 - Supply under GST
2. Mr. James Stewart is a registered person under GST in the State of Maharashtra who sells footwear to his
customers locally within the same State. He has been appointed as an agent by Toto Shoes Ltd., a company
registered under GST in the State of Karnataka. During a financial year, Toto Shoes Ltd., sends taxable goods worth
₹ 5.00 crore from its Bengaluru store to Mr. James Stewart whose is such goods for ₹5.00 crore by raising invoice
using the GSTIN of Toto Shoes Ltd. Mr. James Stewart receives a commission of ₹ 60.00 lakh from Toto Shoes(P)
Ltd., during the said financial year.
Compute the value of supply of Toto Shoes (P) Ltd. and Mr. James Stewart for the financial year assuming that
amounts given above are exclusive of GST, wherever applicable.
option (a) Toto Shoes (P) Ltd.: Niland James Stewart: ₹5.6crore
(b) Toto Shoes (P) Ltd.: ₹5crore and James Stewart: ₹5.6crore
(c) Toto Shoes (P) Ltd.: ₹5 croreand James Stewart: ₹60lakh
(d) Toto Shoes (P) Ltd.: ₹5.6 crore and James Stewart: Nil
2. Mr. James Stewart is a registered person under GST in the State of Maharashtra who sells footwear to his
customers locally within the same State. He has been appointed as an agent by Toto Shoes Ltd., a company
registered under GST in the State of Karnataka. During a financial year, Toto Shoes Ltd., sends taxable goods worth
₹ 5.00 crore from its Bengaluru store to Mr. James Stewart whose is such goods for ₹5.00 crore by raising invoice
using the GSTIN of Toto Shoes Ltd. Mr. James Stewart receives a commission of ₹ 60.00 lakh from Toto Shoes(P)
Ltd., during the said financial year.
Compute the value of supply of Toto Shoes (P) Ltd. and Mr. James Stewart for the financial year assuming that
amounts given above are exclusive of GST, wherever applicable.
option (a) Toto Shoes (P) Ltd.: Niland James Stewart: ₹5.6crore
(b) Toto Shoes (P) Ltd.: ₹5crore and James Stewart: ₹5.6crore
(c) Toto Shoes (P) Ltd.: ₹5 croreand James Stewart: ₹60lakh
(d) Toto Shoes (P) Ltd.: ₹5.6 crore and James Stewart: Nil
Forwarded from Eduveda - IDT With Mahesh Gour Sir (જય શ્રી રામ)
Forwarded from Eduveda - IDT With Mahesh Gour Sir (જય શ્રી રામ)
4. Mr. Ram has received management consultancy services from XYZ Consultants, UK. The import of management
consultancy will not be liable to GST if-
(i) Mr. Ram pays some consideration for the services received (in course or furtherance of Business)
(ii) Mr. Ram pays some consideration for the services received and if Mr. Ram uses the said service for
business purposes
(iii) Mr. Ram uses the said service for business purposes even though he does not pay any consideration for
the same
(iv) Mr. Ram uses the said service for personal purposes and does not pay any consideration for the same
and is also a partner in XYZ Consultants
(v) Mr. Ram uses the said service for business purposes and does not pay any consideration for the same
and is also a partner in XYZ Consultants
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Forwarded from Eduveda - IDT With Mahesh Gour Sir (જય શ્રી રામ)
CA MCQs Quiz
Ans Q4 here
option
option
Anonymous Quiz
10%
(a) (i), (ii), (v)
6%
(b) (ii), (iii) and (v)
60%
(c) (iii), (iv)
24%
(d) (iii), (iv) and (v)
Forwarded from Eduveda - IDT With Mahesh Gour Sir (જય શ્રી રામ)
Check the following cases, import of services by Mr. Ganesh is taxable under GST?
(1) Import of service without consideration from a related person in course or furtherance of business.
(2) Import of service with consideration in course or furtherance of business.
(3) Import of service without consideration from a related person not in course or furtherance of business.
(4) Import of service with consideration not in course or furtherance of business.
option (a) (3) and (4)
(b) (2) and (4)
(c) (1), (2) and (4)
(d) (1) and (2)
(1) Import of service without consideration from a related person in course or furtherance of business.
(2) Import of service with consideration in course or furtherance of business.
(3) Import of service without consideration from a related person not in course or furtherance of business.
(4) Import of service with consideration not in course or furtherance of business.
option (a) (3) and (4)
(b) (2) and (4)
(c) (1), (2) and (4)
(d) (1) and (2)
Forwarded from Eduveda - IDT With Mahesh Gour Sir (જય શ્રી રામ)
CA MCQs Quiz
Check the following cases, import of services by Mr. Ganesh is taxable under GST? (1) Import of service without consideration from a related person in course or furtherance of business. (2) Import of service with consideration in course or furtherance…