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
❤44👍8🔥1
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
❤14🔥4🎉1💯1
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
🔥32❤19
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
❤22👍4🎉1
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
❤21🔥8🥰1😁1🎉1
Q: GST charged on input supplies is a cost for a composition scheme registered person.
Anonymous Quiz
89%
True
11%
False
❤20🎉1
Q: Khanna Ji is a trader of aerated waters. Can he register under composition scheme?
Anonymous Quiz
42%
Yes
58%
No
❤18🔥12😁4🎉3
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
🔥23❤7
❤28🔥11🎉1😍1💯1
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
❤13🔥7👍6🎉1
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
38%
Apply 12(9) - POS is Pune, MH
10%
Apply 12(9) - POS is HR
6%
None of above
🔥54❤11💯5🎉2
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
❤12👍10
Q: Mr. Anil (Pune) gave interior designer services to Mr. Mehta (Dubai) w.r.t his property in Portugal. POS ?
Anonymous Quiz
15%
Dubai
16%
Pune
59%
Portugal
10%
Non taxable
❤16👍5😁1🎉1
Rule 3: IGST Rules w.r.t services to the government [sec 12(14)]- pls do it properly.
Is one of the overlooked aspects.
Once a question came a few years back.
Can be repeated.
Is one of the overlooked aspects.
Once a question came a few years back.
Can be repeated.
👍69❤22
Many have asked for amendments compilation.
I am waiting for the ICAI publication.
I don't want to issue and then write "subject to ICAI notification".
Let it come. Will cover it thoroughly with impact on Questions as well.
****
✅ Revisions start sooon! :)
✅ IDT practice batch starts on 1 August - the main QA lectures. Do check if interested! :)
I am waiting for the ICAI publication.
I don't want to issue and then write "subject to ICAI notification".
Let it come. Will cover it thoroughly with impact on Questions as well.
****
✅ Revisions start sooon! :)
✅ IDT practice batch starts on 1 August - the main QA lectures. Do check if interested! :)
❤80👍27💯2
Q: Karavs Trades (Germany) sent goods for repair to PRA Repairs (Pune). Goods were repairs. Used for the purpose required for repairs, and then sent back. Legally, this shall be which type of a supply?
Anonymous Quiz
31%
Intra (POS is Pune)
69%
Inter
❤10🎉1
Q: Online Gaming provided by a supplier abroad to a recipient in India. RCM or FCM?
Anonymous Quiz
23%
RCM
44%
FCM
27%
FCM if Rec is unregistered
7%
FCM if Rec is registered
❤17👍2