Basics of GST — DU B.A. (V.S.) Small And Medium Enterprise Previous Year Question Papers

1. Discuss the provisions relating to registration under GST with reference to 2. Explain how GST has eliminated the cascading effect of taxation in India. Also discuss the role, structure, and functions of the GST Council. 3. Distinguish between credit note and debit note. Explain their role in adjusting tax liability with suitable examples. • 4. Explain the difference between Composite Supply and Mixed Supply with suitable examples. Discuss their tax implications. 5. Discuss the provisions relating to Time of Supply under GST for: (a) Goods and services under forward charge + (b) Goods and services under reverse charge. 6. M/s Vertical Ltd. has the following tax credits in its ledger. Calculate the eligible Input Tax Credit (ITC) for the month : (a) GST paid on a truck used for transport of raw materials: 7 4,80,000 (c) GST paid on inputs where the invoice is available but goods are not yet received : $ 2,40,000 (d) GST paid on inputs used for making exempt supplies: & 1,20,000 (e) ITC on inputs where payment to the supplier was not made for 200 days: 7: Explain the provisions of Schedule-I and ScheduleIII under GST. Identify transactions treated as supply and those not treated as supply. (a) Composition Scheme (b) Point of Taxation (e) Related person under GST (d) Scope of Supply (e) ITC on capital Goods.