Forwarded from Mission CA Final MCQs π
10) Which activity is supply of services?
i)Transfer of right without transfer of title in goods
ii)Transfer of title in goods iii)Transfer of title in goods under an agreement that property shall pass at a future date upon full payment [MCQ Booklet]
i)Transfer of right without transfer of title in goods
ii)Transfer of title in goods iii)Transfer of title in goods under an agreement that property shall pass at a future date upon full payment [MCQ Booklet]
Anonymous Quiz
55%
(A) (i)
9%
(B) (iii)
19%
(C) (i) and (iii)
17%
(D) (i), (ii) and (iii)
π1
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11) Which of the following is not considered as βgoodsβ under the CGST Act, 2017? [MCQ Booklet]
(i) Ten-paisa coin having sale value of βΉ100
(ii) Shares of unlisted company (iii) Lottery tickets
(i) Ten-paisa coin having sale value of βΉ100
(ii) Shares of unlisted company (iii) Lottery tickets
Anonymous Quiz
17%
(a) (i)
39%
(b) (ii)
17%
(c) (ii) and (iii)
26%
(d) (i), (ii) and (iii)
π1
Forwarded from Mission CA Final MCQs π
12) Goods as per section 2(52) of the CGST Act, 2017 includes: [MCQ Booklet]
(i) Actionable claims
(ii) Growing crops attached to the land agreed to be severed before supply (iii) Money (iv) Securities
(i) Actionable claims
(ii) Growing crops attached to the land agreed to be severed before supply (iii) Money (iv) Securities
Anonymous Quiz
12%
(a) (i) and (iii)
12%
(b) (iii) and (iv)
70%
(c) (i) and (ii)
6%
(d) (ii) and (iii)
Forwarded from Mission CA Final MCQs π
13) Determine which of the following independent cases will be deemed as supply even if made without consideration in terms of Schedule I of the CGST Act, 2017?
(i) AB & Associates transfers stock of goods from its Mumbai
branch to Kolkata depot for sale of such goods at the depot.
(ii) Mr. Raghuveer, a dealer of air-conditioners permanently
transfers the motor vehicle free of cost. ITC on said motor
vehicle was blocked and therefore, was not availed.
(iii) Mrs. Riddhi, an employee of Sun Ltd., received gift from her
employer on the occasion of Diwali worth βΉ21,000.
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(i) AB & Associates transfers stock of goods from its Mumbai
branch to Kolkata depot for sale of such goods at the depot.
(ii) Mr. Raghuveer, a dealer of air-conditioners permanently
transfers the motor vehicle free of cost. ITC on said motor
vehicle was blocked and therefore, was not availed.
(iii) Mrs. Riddhi, an employee of Sun Ltd., received gift from her
employer on the occasion of Diwali worth βΉ21,000.
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Choose correct option.
Anonymous Quiz
62%
(A) (i)
9%
(B) (ii)
8%
(C) (iii)
22%
(D) Both (i) and (ii)
β€1
Forwarded from Mission CA Final MCQs π
14) Gift of βΉ 50,000 in value provided by Triambak & Co to each of its employee will be?
[MCQ Booklet]
[MCQ Booklet]
Anonymous Quiz
10%
(a) Supply of goods
6%
(b) Supply of services
5%
(c) Both supply of goods and services
79%
(d) Neither supply of goods nor supply of services
Forwarded from Mission CA Final MCQs π
Which of the following services received without consideration amount to supply?
(1) Import of services by a person in India from his son well -settled in USA
(2) Import of services by a person in India from his brother well -settled in Germany
(3) Import of services by a person in India from his brother (wholly dependent on such person in
India) in France
(4) Import of services by a person in India from his daughter (wholly dependent on such person in
India) in Russia
MCQ Options
https://t.me/Mission_CA_Final_MCQs/668
Answer Explanation :
(Click it only after attempting mcq Options)
Related person covers -
Spouse + Children (Not requirement of dependent)
Parents, Grand Parents, Brother/Sister (All 3 has to be dependent)
So Option 2 will not be amount to supply as brother is not given dependent
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οΈ
(1) Import of services by a person in India from his son well -settled in USA
(2) Import of services by a person in India from his brother well -settled in Germany
(3) Import of services by a person in India from his brother (wholly dependent on such person in
India) in France
(4) Import of services by a person in India from his daughter (wholly dependent on such person in
India) in Russia
MCQ Options
https://t.me/Mission_CA_Final_MCQs/668
Answer Explanation :
(Click it only after attempting mcq Options)
Parents, Grand Parents, Brother/Sister (All 3 has to be dependent)
So Option 2 will not be amount to supply as brother is not given dependent
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Answer?
(a) 1), 3) and 4) / (b) 2), 3) and 4) / (c) 2) and 3) / (d) 1) and 2)
(a) 1), 3) and 4) / (b) 2), 3) and 4) / (c) 2) and 3) / (d) 1) and 2)
π2
Forwarded from Mission CA Final MCQs π
Answer?
Anonymous Quiz
56%
(a) 1), 3) and 4)
16%
(b) 2), 3) and 4)
9%
(c) 2) and 3)
18%
(d) 1) and 2)
Forwarded from Mission CA Final MCQs π
ABC Ltd. is a registered pharmaceutical company. The company invented one drug for instant cure
of cancer. They supplied free samples of this medicine to various doctors. What will be the tax
treatment of these free samples under GST?
of cancer. They supplied free samples of this medicine to various doctors. What will be the tax
treatment of these free samples under GST?
Anonymous Quiz
15%
ABC Ltd. is liable to pay tax on supply of free samples and eligible to claim input tax credit.
9%
ABC Ltd. is not liable to pay tax on supply of free samples but eligible to claim input tax credit.
51%
ABC Ltd. is neither liable to pay tax on supply of free samples nor eligible to claim ITC
25%
ABC Ltd. is liable to pay tax on supply of free samples but not eligible to claim input tax credit.
Forwarded from Mission CA Final MCQs π
Which of the following services is exempt from GST?
(a) Bollywood dance performance by a film actor in a film and consideration charged is Rs 1,45,000.
(b) Carnatic music performance by a classical singer to promote a brand of readymade garments and consideration
charged is Rs 1,30,000.
(c) Carnatic music performance by a classical singer in a music concert and consideration charged is Rs 1,55,000.
(d) Kathak dance performance by a classical dancer in a cultural programme and consideration charged is Rs
1,45,000.
π© For All Subjects Notes
π΅πππ β¨ @Divyesh_Vaghelaβ
οΈ
(a) Bollywood dance performance by a film actor in a film and consideration charged is Rs 1,45,000.
(b) Carnatic music performance by a classical singer to promote a brand of readymade garments and consideration
charged is Rs 1,30,000.
(c) Carnatic music performance by a classical singer in a music concert and consideration charged is Rs 1,55,000.
(d) Kathak dance performance by a classical dancer in a cultural programme and consideration charged is Rs
1,45,000.
π΅πππ β¨ @Divyesh_Vaghela
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Which of the following services is exempt from GST? (a) Bollywood dance performance by a film actor in a film and consideration charged is Rs 1,45,000. (b) Carnatic music performance by a classical singer to promote a brand of readymade garments and considerationβ¦
π2
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Which of the following service is not exempt under GST?
(a) Loading and unloading of paddy
(b) Loading and unloading of sugarcane (c) Loading and unloading of tea bags (d) Loading and unloading of potato
(a) Loading and unloading of paddy
(b) Loading and unloading of sugarcane (c) Loading and unloading of tea bags (d) Loading and unloading of potato
Anonymous Quiz
16%
A
12%
B
56%
C
16%
D
π6π1
Forwarded from Mission CA Final MCQs π
6) X & Co., a supplier registered under GST in Meghalaya, wants to opt for composition levy. The aggregate turnover limit for composition levy is ? [MCQ Booklet]
Anonymous Quiz
11%
(A) 50 Lakh
69%
(B) 75 lakh
16%
(C) 1.5 crore
4%
(D) None of the above
π5β€1
Forwarded from Mission CA Final MCQs π
4) Transport of ______________ by rail are exempt from GST: [MAY 2019 MTP]
Anonymous Quiz
3%
(A) Milk
3%
(B) Salt
19%
(C) Defence equipments
76%
(D) All of the above
π2
Forwarded from Mission CA Final MCQs π
6) Which of the following services is exempt under health care services provided by clinical
establishments?
[Nov 2019 MTP]
establishments?
[Nov 2019 MTP]
Anonymous Quiz
9%
(A) Chemist shop in the hospital selling medicines to public at large
51%
(B) Food supplied from outsourced canteen to patients as per diet prescribed by hospital dietitian
6%
(C) Ad. services provided by the hospital to a pharma co. for asthma pump on hospital building
35%
(D) All of the above
π3β€1π1
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3) Services by way of admission to ______________ are exempt from GST.
[MAY 2019 MTP]
[MAY 2019 MTP]
Anonymous Quiz
4%
(A) Museum
6%
(B) National park
4%
(C) Tiger reserve
87%
(D) All of the above
Forwarded from Mission CA Final MCQs π
5) Services by way of warehousing of _____is exempt from GST.
(i) processed tea
(ii) jaggery (iii) processed coffee (iv) rice [MAY 2019 MTP]
(i) processed tea
(ii) jaggery (iii) processed coffee (iv) rice [MAY 2019 MTP]
Anonymous Quiz
14%
(A) (i) & (ii)
5%
(B) (iii)
53%
(C) (iv)
29%
(D) All of the above
Forwarded from Mission CA Final MCQs π
10) Which of the following services does not fall under reverse charge provisions as contained under section 9(3) of the CGST Act? [MCQ Booklet]
Anonymous Quiz
9%
(A) Services supplied by arbitral tribunal to business entity located in Ladakh
16%
(B) Sponsorship services provided to a partnership firm located in Jammu & Kashmir
14%
(C) Sponsorship services provided to a body corporate located in Kerala
62%
(D) Service of renting of motor vehicle for passengers provided to a recipient other than body corp.
Forwarded from Mission CA Final MCQs π
Chapter- Exemption MCQ series
1) Mr. Narayan Goel has booked a room on rent in Sunshine Hotel for the purpose of lodging on 10th August. GST is not payable by Mr. Narayan Goel in case value of supply for accommodation is
1) Mr. Narayan Goel has booked a room on rent in Sunshine Hotel for the purpose of lodging on 10th August. GST is not payable by Mr. Narayan Goel in case value of supply for accommodation is
Anonymous Quiz
33%
(A) βΉ800 per day
15%
(B) βΉ9,999 per day
12%
(C) βΉ10,000 per day
40%
(D) None of the above
Forwarded from Mission CA Final MCQs π
1. Mr. Rajesh and mr. Brijesh, resident individuals, are due to receive 13 lakhs each on 1.4.2022 on maturity of life insurance policy taken on 31.3.2012 and 1.4.2012, respectively, the sum assured of which is 10 lakhs. They had paid an annual premium of 1.10 lakhs each. Are provisions of tax deduction at source attracted on maturity proceeds received by mr. Rajesh and mr. Brijesh?
(a) yes; tax is deductible at source on maturity proceeds receivable by both mr. Rajesh and mr. Brijesh, since the annual premium is more than 1,00,000, being 10% of 10 lakhs
(b) no; tax is not deductible at source on maturity proceeds receivable by either mr. Rajesh or mr. Brijesh, since the annual premium is less than 1,30,000, being 10% of 13 lakhs
(c) no tax is deductible at source on maturity proceeds receivable by mr. Rajesh. Tax is deductible at source on maturity proceeds received by mr. Brijesh and the tax deductible at source is 13,000
(d) no tax is deductible at source on maturity proceeds receivable by mr. Rajesh. Tax is deductible at source on maturity proceeds received by mr. Brijesh and the tax deductible at source is ` 10,000
π΅πππ β¨ @Divyesh_Vaghela
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π2