Concept of GST

A Ltd. Holding entity made certain transfer of fixed asset on permanent basis to its subsidiary X Ltd. entity without any consideration. Does the same classify as a supply under GST?

ABC Ltd. provides certain services to Mr. Joy who holds 35% of the voting right in the company. The transfer made was without any consideration. Does the same qualify as supply?

Mr. Amar being a managing director of Alpha Project Pvt. Ltd. made gifts to his employees worth of INR 60,000 each for assisting in the architectural work of his house. Does the same be considered supply?

ABC Pvt. Ltd. makes certain supplies to Mr. X and Mr. Z. Both of them hold 51% of the voting rights in the company and exercise major stake in the decision making. Does the same supply stands
as related party transaction?

Supply of food or drink items in a restaurant as per CGST Act is —-

Mr. A, being a Director of ABC Pvt. Ltd. Is provided a car which he uses for his personal purpose. Does the same classify as supply? If yes under which group?

What shall be the proper classification of Renting of immovable property under supply?

ABC Ltd. offers a software to businesses for smooth processing of returns and accounts. Such software shall be considered as:

Temporary transfer or permitting use of intellectual right or property is classified as:

Ram has received a sum of ` 5,00,000 from his employer on premature termination of his contract of employment. The GST implication will be:

GST is payable on the services provided by the employee to the employer in the course of employment on:

Which of the following activity shall be treated neither as a supply of goods nor a supply of services?

(i) Permanent transfer of business assets where input
tax credit has been availed on such assets
(ii) temporary transfer of intellectual property right
(iii) transportation of deceased
(iv) services by an employee to the employer in the
course of employment

As per the CGST Act, 2017, the term “works contract” includes:

While repairing the factory shed, few goods were also supplied along with the labour service. Whether it is a :

What type of supply shall transfer of title in goods under works contract constitute?

Mr. A has sold his old furniture of the house. Does this constitute a supply?

Ajay let out his land for tenancy for a period of 3 years to Mohan. Such tenancy shall be classified as:

High sea sales are considered as supply under GST. True or False?

Michael Ltd. of US supplies certain goods to ABC Pvt. Ltd. of Mumbai. Before goods reach Mumbai port, it supplies those goods to XYZ Pvt. Ltd. by transfer of documents of title to goods. What kind of transaction is this?

Mr. X, supplied a laptop for ` 40,000 to Mr. Y along with a barter of printer, the value of which is ` 4,000 but the open market value of the laptop is not known. The GST liability will be:

Mr. A is a well-known singer. He receives a life-time achievement award which consist of a memento and a cheque of ` 10,00,000. It is:

Mr. Vishal has head office in pune and has branches in state of Gujarat, Goa, and Punjab. Mr. Vishal send goods to its branch Goa worth Rs.2,50,000 in a own conveyance. Value of conveyance Rs.15,00,000 and With the conveyance some tools and spares parts are also send worth Rs.50,000. Calculate total value of taxable supply on which GST is payable.

Mr. X is a dealer of new cars. He sells new cars for Rs.8,25,000 agrees to reduce  Rs.1,25,000 on surrendering of old car. Mr. Y who intends to buy new car worth  Rs.8,25,000 agreed to exchange his old car with new car. Under GST law, if Mr. X and Mr.Y is registered person, who will be liable to pay GST and what is the value.

There is a difference in taxability of goods forming part of composite supply and mixed supply. Here are few examples from which you need to identify which is correct example of composite supply and mixed supply.

i) Mr. A buys a car and purchases warranty and maintenance of the car by paying nominal amount. Car, warranty and maintenance here are a mixed supply.
ii) Mr. A buys a car and purchases warranty and maintenance of the car by paying nominal amount. Car, warranty and maintenance here are a composite supply.
iii) Mrs. A buys a microwave oven and some utensils for use in microwave oven. Both microwave oven and utensils are sold at a single price. Microwave oven and its utensils here are a mixed supply.
iv) Mrs. A buys chocolates, juices and biscuits from a shop. All items have different prices. Chocolates, juices and biscuits are a mixed supply. The correct examples of composite and mixed supply

What shall constitute main item under composite supply?

In composite supply, the principal supply is supply of goods whereas the ancillary supply is supply of services. Which provision shall apply in respect of time of supply?

M/s X Ltd. a dealer offer combo packs of shirt, watch, wallet, book and they are bundled as a kit and this kit is supplied for a single price as a mixed supply. Tax rate for shirt, watch, wallet and book are 12%, 18%, 5% and Nil respectively. The mixed supply will be taxed at:

What kind of supply is this transaction: Food supplied to the in – patients as advised by the doctor in the hospital.”

XYZ Pvt. Ltd. manufactures the jeans on order of ABC Pvt. Ltd. Further, after manufacturing, it also gets it delivered to ABC Ltd. & gets the in transit insurance done. What kind of supply is this?

Which of the following transactions does not qualify
as supply under GST law?
(I) When the Head Office makes a supply of services to its own branch outside the State.

(ii)When a person import services without
consideration for the purposes of his business from
his elder brother living outside India.
(iii) Disposal of car without consideration and where the
supplier has not claimed input tax credit on such
car.
(iv) When a principal makes supplies to his agent who is
also registered and is situated within the same
State.