Q: Residential flat given on rent to Mr. Singh (unregistered) - an employee of a MNC. He stays with his family. He pays the rent. GST on rent?
Anonymous Quiz
7%
Taxable - FCM
80%
Exempt
7%
Taxable - RCM
5%
Need supplier status to answer this
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Q: Residential flat given on rent to Mr. Singh (unregistered) - an employee of a MNC. Rent agreement is with the MNC company (registered under composition scheme) i.e. the Company pays the rent. GST on rent?
Anonymous Quiz
22%
Taxable - FCM
28%
Exempt
47%
Taxable - RCM
3%
Need supplier status
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Q: Recovery agent provided services to a trader of goods. Who will pay GST?
Anonymous Quiz
71%
Agent - FCM
24%
Trader - RCM
4%
Exempt
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Q: Central Government gave a commercial property on rent to LogiSol Ltd. (Previous year Agg t/o is Rs. 1 lac). Is the transaction taxable?
Anonymous Quiz
62%
Yes, GST applicable
38%
No, exempt
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Q: Service by Agent to - Business Correspondent: FCM or RCM?
Anonymous Quiz
17%
FCM
59%
RCM
23%
Exempt. No ques of FCM or RCM
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Q: Security service (by way of security personnel) provided by BVG Security Ltd. (Unregistered) to a business entity (Registered in Delhi). Value is Rs. 1,00,000. GST is 18%. How much ITC shall the recipient claim?
Anonymous Quiz
51%
18,000
38%
No ITC, since no GST in the transaction
11%
Need exact status of the business entity (company or firm or llp) to answer this
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Q; Under SLS (securities lending scheme), the borrower shall pay the GST under RCM regardless of the registration status of the lender. Examine the statement.
Anonymous Quiz
77%
Valid
23%
Invalid
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Q: Motor Vehicle for goods transport given on rent by a partnership firm to a company. Cost of fuel included in the consideration. The rate of GST is 5%.
Anonymous Quiz
42%
FCM
58%
RCM
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May 27 - Regular Batch
Starts today @ 6 PM
Pre booking price till 2 more days only.
Registration at: www.bbvirtuals.com
Starts today @ 6 PM
Pre booking price till 2 more days only.
Registration at: www.bbvirtuals.com
❤10
Q: If I am registered under composition scheme, I don't need to comply with the RCM provisions.
Anonymous Quiz
24%
True
76%
False
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Q: I supply goods and services.
If I am eligible to opt for 10(1) i.e. goods composition scheme, but I have not opted for it - I can opt for 10(2A) composition scheme of services.
If I am eligible to opt for 10(1) i.e. goods composition scheme, but I have not opted for it - I can opt for 10(2A) composition scheme of services.
Anonymous Quiz
39%
Valid
61%
Invalid
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Q: GST charged on input supplies is a cost for a composition scheme registered person.
Anonymous Quiz
89%
True
11%
False
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Q: Khanna Ji is a trader of aerated waters. Can he register under composition scheme?
Anonymous Quiz
42%
Yes
58%
No
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Q: I am a registered person. I wish to go under composition scheme today. From when Can I enter the composition scheme ?
Anonymous Quiz
67%
1 April 2027
3%
1 Jan 2027
12%
1 Aug 2026
18%
17 July 2026
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Q: Plastic Surgery performed by Mr. Vikalp Gupta (based in Pune) in a Delhi Hospital on Mr. Kabir Khan (Actor based in Mumbai). Mr. Khan is registered under GST. POS?
Anonymous Quiz
10%
Pune - MH
19%
Mumbai - MH
71%
Delhi
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Q: Air Asia (Airlines, reg in HR) gave a golden ticket which entitles me (registered in Pune) to avail any 5 domestic tickets in next 5 years. POS?
Anonymous Quiz
46%
Apply 12(2) since embarkation point is unknown
39%
Apply 12(9) - POS is Pune, MH
10%
Apply 12(9) - POS is HR
6%
None of above
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Q: A circuit (telecom) is laid from State A to State B, with an intermediate point in State C - from where there is no benefit available. POS of this Supply shall be which state? What Ratio? (Contract agreement is silent)
Anonymous Quiz
50%
A and B: Ratio 1:1
38%
A, B and C: in ratio 1:1:1
11%
Only A: that is the starting point
1%
Whatever the supplier seems fit
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