Computing Tax of Liabilty.
Computing Tax of Liabilty.
Computing Tax of Liabilty.
20,000
towards IGST and also intrest payable of Rs.1800/-. Explain the manner of discharge tax liability
by Mr.A in the following two independent cases:
1) Input tax credit available of CGST&SGST is Rs.25,000/- each & IGST is Rs.25000/-.
Q.2] X. Ltd has following tax liabilities under the provisions Act:
Particulars Amount(Rs)
Tax liability og CGST,SGST,IGST,for supplies made during August 2017.
Interest&Penalty on delayed payment and filing of returns belonging to 1,00,000
August 2017.
Tax liability of CGST,SGST/UGST,IGST for supplies made during September 20,000
2017.
Intrest & Penalty on delayed payment and filling of returns belonging to 1,20,000
September2017.
Demand raised as per section 73 or section 74 under CGST Act,2017 20,000
belonging on July2017.
Demand raised as per the old provisions of Indirect Taxes. 8,00,000
1,00,000
X Ltd has Rs.5,00,000 in Electronic cash ledger. Suggest how X Ltd should discharge the tax
liability.
Q.3] Raman Hotels is supplying only accommodation services in Chennai. Turnover of Raman
Hotels is less than Rs.20Lakhs. Raman Hotels listed hotel on online platform namely
Makemytrip,
The Following caregories of rooms get booked by the Makemytrip company who pay to Raman
Hotels after deducting their commission.
(a) Declared Tariff per room (category,1), Non AC Room Rs.950 per Night.
(b) Declared Tariff per room (category,2), AC Room Rs.1,800 per Night.
(c) Declared Tariff per room (category,3), AC Room Rs.7,000 per Night, where additional
bed Rs.1,800 per Night.
(d) Declared Tariff per room (category,4),AC Room Rs.10,000 per Night,but amount charged
is Rs.7000.
You are required to answer
(1) Who is liable to pay GST? And
(2) Taxable value of supply.
Q.4] M/s RSM properties registered under GST as taxable person engaged in the business of
renting various immovable properties owned by it. During the month ending 31-03-2018, it
collected a rent of Rs.5,00,000. The said sum included rent from:
(5) Vacant land, given on lease to M/s. XYZ Ltd. for construction of building at a later stage to be
used for furtherance of business or commerce: Rs.40,000;
Compute the amount of GST payable by the firm, assuming that the rent is exclusive of GST, if
any, applicable in each case. Rate of GST-18%.
Q.5] M/s. ABC Ltd. Is engaged in providing service of transportation of passengers by following
modes in the month of November,2018:
Particulars. Amount.
1. Service of transportation of passengers by vessels in National
Waterways. 4,00,000
2. Service of transportation of passengers by Air conditioned Stage
carriage. 25,00,000
3. Service of transportation of passengers by non-air conditioned
Stage carriage. 6,00,000
4. Service of transportation of passengers by contract carriage for
tourism. 20,00,000
5. Service of transportation of passengers by Mumbai to Chennai port
in a vessel and such is not for tourism purpose. 8,50,000
6. Service of transportation of passengers in Metered Cab. 5,00,000
7. Service of transportation of passengers in Radio Taxis. 10,00,000
8. Service of transportation of passengers in non-Air conditioned
contract carriages. 6,00,000
9. Service of transportation of passengers in Air conditioned contract
carriages. 15,00,000
Compute the value of taxable supply it all charges are exclusive of GST.
Q.6] “ Desai Agro Care Limited registeres under GST furnishes the following details with respect
to the activities undertaken by them in the month of March,2018:
Q.7] ABC Ltd. is engaged in providing various service to educational institutional and furnishes
you with the following information for the month of April,2018. You are required to determine
the value of taxable supply and GST payable thereon if all charges are exclusive of GST. The rate
of GST is 18%
(4) Outdoor catering service provided to educational institutions running approved vocational
courses Rs.5,00,000.
(6) House- keeping and cleaning service in college providing recognized graduation degree
Rs.5,12,500.