GST and Indirect Taxes — DU B. Voc – Banking Operations Previous Year Question Papers

Paper no. - 7847 COLLEGE does this principle impact inter-state and intra-state transactions? b) Describe the categories of persons who are exempted from registration 5 under the GST law. a) Examine the following services and determine if they are exempt as per Notification No. (i) A charitable trust runs a free school for children from economically weaker sections. (11) An individual rents a shop space in a commercial complex to a textile retailer. (111) Reliable Courier Services provides door-to-door delivery of speed post parcels. (iv) A government hospital offers treatment to patients under a state insurance program. (v) National Skill Mission conducts government-approved training programs for rural youth. 10 b) Determine whether the following transactions qualify as Composite or Mixed Supplies under (i) A hotel provides a honeymoon package including room stay, meals, sightseeing, and spa services at a single price. (ii) A mobile company offers a combo pack containing a smartphone, earbuds, and screen guard billed under one invoice. 5 a) Discuss whether or not the following activities would be treated as Szpp ly of goods or services under Section 7 of the CGST Act 2017, read with the relevant Schedules. (i) A fumiture manufacturer in Haryana sends finished products to its branch in Punjab for further sale. (ii) A lawyer provides free legal consultancy to a friend for drafting a property agreement. (iii) Mr. Arvind, an Indian businessman, hires a foreign-based graphic designer to create promotional material for his company. (iv) A nutritionist offers free diet counseling to a physiotherapist in exchange for physiotherapy sessions. (v) A firm distributes electronic gadgets to employees on completion of five years of service. l0 b) Describe the composition schen e under GST. Explain the eligibility conditions, benefits, and limitations of the scheme. 5 a) Determine the value of taxable supply made by Bright Electronics hrt. Ltd. to Nova I Price of electronic goods (exclusive of taxes) 2 Subsidy received from a non-govemment qg4ni?a!!Sq lllke4lS€gS4s 3 Installation charges collected from the recipient 4 Penalty for breach of delivery conditions 5 Post-saie discount ageed upon before the time of supply 6 Freight charged separately in invoice 1 Subsidy received from Central Government for "Make in India" products 8 Entry tax levied by State Governmeot on supply 9 Warranry services provided free ol'cost within warranty period l0 Amount collected as donation for company's CSR activities Amount b) Explain the inclusion or exclusion of each of the above items in determining the value of taxable supply as per Section 15 of the CGSTAct, 2017. 5 a) Determine the time of supply in each of the following situations: Date of Invoice by S. No. Goods Supplier Date of Payment by the Recipient 1 5-Jan 30-Dec Payment entered in books on Jan-07 2 15-Feb 10-Feb Payment made on Feb-18, entered in books on Feb-16 Payment entered in books on Mar-22, debited on Mar-