Topic: Taxation – Full Test Batch: CA - Inter

Total Time: 3 Hrs. Date: 06/12/2024 Total Marks: 100

SECTION A: INCOME TAX LAW

Division A – Multiple Choice Questions
1. Mr. Ganesha (a salaried person) has three houses. One in Thane (Maharashtra), second in Jaipur 10
(Rajasthan) and third in Ratlam (Madhya Pradesh). Details of the flats/houses are as follows:
- Thane flat 3 BHK flat purchased in April, 2005 for Rs. 90 lakhs. Afterwards, interior work done
2008 of Rs. 15 lakhs. Mr. Ganesha took loan of Rs. 65 lakhs for purchase of this flat in 2003 and
settled full loan in 2021.
- Jaipur house: Purchased in July, 2021 of Rs. 62 lakhs and interior work done in September, 2022
of Rs. 15 lakhs. Loan taken for purchase of this house of Rs. 15 lakhs in June, 2021 As per interest
certificate, he paid Rs. 12,00,500 and Rs. 43,500 towards principal and interest, respectively,
during the PY. 2023-24.
- Ratlam House: Purchased in December 2022 for Rs. 70 lakhs (stamp duty value of Rs. 65
lakhs). For acquiring this house, he took loan of Rs. 40 lakhs from Canara Bank Loan was
sanctioned on 1.8.2022 He pays EMI of Rs. 38,100 per month. As per interest certificate, for
the previous year 2023-24, he paid Rs. 60,900 and Rs. 3,96,300 towards principal and
interest, respectively.
Particulars Thane House Jaipur House (April 23 to Dec 23) Ratlam House
Municipal Taxes paid 18,574 8,090 6,909
Municipal value (per month) 30,500 6,800 7,200
Fair Rent (per month) 33,000 7,000 7,500
Standard Rent (per month) 32,000 8,000 7300
Other details are as follows:
- He has sold Jaipur house on 1st January, 2024 for Rs. 90 lakhs and invested Rs. 15 lakh in
RECL bonds issued by the Central Government on 10th August 2024.
- Mr. Ganesha İs working in WinDoor Exports Pvt Ltd, Mumbai and self-occupied Thane flat He
earned salary of Rs. 22,50,350 for the previous year 2023-24.
- He has no other income from any source for the PY. 2023-24.
- He has given Ratlam house on rent for FY. 2023-24 to Mr. Pratap on a monthly rent of Rs.
8,500.
- He has given Jaipur house on rent for the period of April, 2023 to June, 2023 to Mrs. Madhura
Mahto on monthly rent of Rs. 7,100 and vacant for remaining period from July, 2023 to
December, 2023.
Mr. Ganesha has decided to opt out of Default Tax regime us 115BAC
Cost inflation index (CII) for the Financial Year (FY) 2021-22 is 317; 2022-23: 331; FY. 2023-24: 348.
Based on the facts of the case scenario given above, choose the most appropriate answer to the
following questions
(i) What would be Net Annual Value of each house for the previous year 2023-24?
(a) Thane - Nil, Jaipur – Rs. 13,210, Ratlan – Rs. 95,091
(b) Thane - Nil, Jaipur – Rs. 54,910; Ratlam – Rs. 95,091
(c) Thane - Nil, Jaipur – Rs. 21,300; Ratlam – Rs. 1,02,000
(d) Thane - Nil, Jaipur – Rs. 13,210; Ratlam – Rs. 80,691
 (ii) What would be income/loss under the head "Income from house property" in the hands of Mr.
Ganesha?
(a) Loss of Rs. 1,67,689 (b) Loss of Rs. 2,86,236
(c) Loss of Rs. 3,20,489 (d) Loss of Rs. 3,63,989

(iii) How much amount will be carried forward as loss from house property for the subsequent
assessment year 2025-26?
(a) Rs. 3,63,989 (b) Rs. 1,63,989 (c) Rs. 2,00,000 (d) Rs. 1,50,000

(iv) What would the amount of capital gains chargeable to tax in the hands of Mr. Ganesha during the
previous year 2023-24?
(a) Short-tem capital gains of Rs. 13,00,000
(b) Long-tern capital gains of Rs. 21,93,691
(c) Long-term capital gain of Rs. 6,16,382
(d) Long-term capital gain of Nil, since he is eligible for deduction u/s 54EC in respect of amount
invested in RECL bonds issued by Central Government

(v) What would be the gross total income of Mr. Ganesha for the AY. 2024-25?
(a) Rs. 26,66,732 (b) Rs. 24,66,732 (c) Rs. 26,16,732 (d) Rs. 24,16,732

2. Mr. Virat has a house property in Chennai which he let out to Mr. Sumit. For acquisition of this 2
house, Mr. Virat has taken a loan of Rs. 30,00,000 @10% p.a. on 1-4-2017. He has further taken a
loan of Rs. 5 lakhs @12% p.a. on 1.7.2023 towards repairs of the house. He has not repaid any
amount of loan so far. The amount of interest deduction u/s 24(b) to Mr. Virat for A.Y. 2024-2025 if
he opted for the provisions of section 115BAC is —
(a) Rs. 2,00,000 (b) Rs. 2,30,000 (c) Rs. 3,45,000 (d) Rs. 3,60,000

3. A building was acquired on 1.4.1995 for Rs. 20,00,000 and sold for Rs. 80,00,000 on 01.06.2023. The 2
fair market value of the building on 1.4.2001 was Rs. 25,00,000. Its stamp duty value on the same
date was Rs. 22,00,000. Determine the capital gains on sale of such building for the AY. 2024-25? CII
for F.Y. 2001-02: 100; FY. 2023-24: 348
(a) Rs. 3,44,000 (b) Rs. 10,40,000 (c) Rs. 60,00,000 (d) (Rs. 7,00,000)

4. XYZ & Co, a partnership firm, owns a house property which Is utilized by the partners for their residence. 1
On 31.10.2023, the firm sells the property at a long-term capital gain of Rs. 3,50,000. Can the firm or
partners claim exemption under section 54?
(a) Yes, the firm can claim exemption u/s 54 as the firm has earned long term Capital gains from the
transfer of a residential house.
(b) Yes, the partners can claim exemption u/s 54 as the property was used by them for residential
purpose and the said property has been indirectly transferred by the partners only in the capacity of a
firm.
(c) Neither the firm nor the partners can claim deduction u/s 54 as the said deduction is allowed only in
case of a commercial property.
(d) The firm cannot claim deduction u/s 54 as deduction under the said section is allowed only to an
individual or HUF. Further, the partners cannot claim deduction u/s 54 as the transferor in the Instant
case is the firm.
 SECTION A: INCOME TAX LAW
Division B – Descriptive Questions
Question No.1 is compulsory.
Candidates are also required to answer any two questions from the remaining three questions.
1. Dr. Saxena (56 years), a resident individual furnished the following information for the previous year 15
2023-24.
Income and Expenditure A/c
To Rs. By Rs.
Salary to staff 3,78,000 Consultation fees 51,85,000
Cost of medicine 36,35,000 Cost of medicines recovered 7,85,000
Rent 66,000 Stock of medicine 25,000
Administrative cost 11,98,000 Interest on Post Office MIS 86,400
Advance tax 1,40,000 Interest on Time Deposit with bank 27,000
(Net of TDS)
Membership fees 5,000 Rent received 20,000
Depreciation on apparatus 42,500 Winning from lotteries (Net of TDS) 7,000
Net profit 6,70,900
61,35,400 61,35,400
Other Information
(i) Depreciation as per Income-tax Rules, 1962 to be computed as follows:
WDV as on 1.4.2023 Rs.3,00,000
Rate of depreciation @ 15%
(ii) Cost of administration includes Rs. 3,000 paid for municipal tax for the house let out to a tenant.
(i) Cost of lottery tickets amounting to Rs. 350 has not been debited to Income and Expenditure
account.
(ii) He received salary of Rs. 1,50,000 and commission of Rs. 50,000 from a nursing home in which
Dr. (Mrs.) Saxena is also an equal partner. No TDS was deducted.
(iii) He received fees of Rs. 50,000 from University of Chennai as lecturer.
(iv) Received pension of Rs. 84,000 against Life insurance cum pension plan from LIC
(v) He paid lump sum payment of Rs. 1,05,000 by cheque as Mediclaim insurance premium for 3
years term for self and his wife medical treatment.
(vi) He paid LIC premium of Rs. 80,000 for his own life against a policy taken on 01.12.2017. Sum
assured is Rs. 10,00,000
(vii) He has deposited Rs. 1,20,000 in PPF
(viii) He purchased 300 shares in C Ltd. on 12.1.2017 at a cost of Rs. 2,500 per share. The Fair Market
Value (FMV) of the share as on 31.1.2018 is Rs. 1,800. He sold all the shares of C Ltd. on
15.7.2023 for Rs. 3,200. You are required to compute the total income and tax payable thereon
by Dr. Saxena for the assessment year 2024-25. Assumed that he does not opt for 115BAC.

2. (A) X is a citizen of Pakistan. His maternal grandfather was born in a village near Karachi in 1933. He 6+4
comes to India on April 7, 2023 to complete a foreign assignment of his employer-company. He goes = 10
back on 4.10.2023. Mrs. X is resident & ordinarily resident in India for PY 2023-24. Prior to April 7,
2023, X was in India as follows:
PY 2022-23 2021-22 2020-21 2019-20 2018-19 2017-18
Stay in India 179 182 180 72 175 Nil
Income of X for the PY 2023-24 is as follows:
Salary Income from Pakistani company (received in Pakistan) (for rendering service in 14,34,000
Pakistan)
Salary Income from Pakistani company (received in Pakistan) (for rendering service in 6,63,000
India)
 Business income (Business is situated in UAE & income is received in UAE) (Business is 9,95,000
partly controlled from India from Pakistan & partly from India)
Rental income from a property situated in Mumbai (income is received in Pakistan) 2,10,000
[Computed]
Business income (business is situated in UK & it is partly controlled from UK & partly 10,72,000
from Pakistan) (income is received in UK & later Rs. 50,000 is remitted to India)
Birthday gift (he celebrated his birthday on June 10, 2018, received cash gifts in India 74,000
from his friends, some of them have sent gift cheques from Pakistan)
Find out residential status & taxable income of X for the AY 2023-24.

(B) State the applicability of TDS provisions, rate & amount of TDS in following cases for FY 2023-24:
(i) Payment made by a Firm to Sub-Contractor Rs. 3,00,000 with outstanding balance of Rs. 1,20,000
shown in the books as on 31.03.2024. (2 Marks)
(ii) Rent paid for P&M: Rs. 1,50,000 by a Partnership Firm having Sales Turnover of Rs. 20 Lacs & Net
Loss of Rs. 15,000. (2 Marks)

3. (A) Venus Ltd., engaged in manufacture of pesticides, furnishes the following particulars relating to 4+4+2
its manufacturing unit at Chennai (for the year ending 31.03.2024) = 10
Opening WDW of Plant Machinery Rs. 20 Lacs
New machinery purchased on 01 09.2023 Rs. 10 Lacs
New car purchased on 01.12.2023 Rs. 8 Lacs
Computer purchased on 03.01.2024 Rs. 4 Lacs
Additional information:
 All assets were put to use immediately.
 Computer has been installed in the office.
 During the year ended 31.03.2023, a new machinery had been purchased on 5.10.2022, for
Rs. 10 lacs. Additional depreciation, besides normal depreciation, had been claimed thereon.
 Depreciation rate for machinery may be taken as 15%. Compute the depreciation available &
WDV of different blocks of assets on 31.03.2024.

(B) Mr. Soohan submits the following details of his income for the assessment year 2024-25:
Particulars Rs.
Income from salary (computed) 3,00,000
Loss from let out house property (-) 40,000
Income from sugar business 50,000
Loss from iron ore business for P.Y 2018-19 (discontinued in P.Y. 2019-20) (-) 1,20,000
Short term capital loss (-) 60,000
Long term capital gain 40,000
Dividend 5,000
Income received from lottery winning (Gross) 50,000
Winnings from card games (Gross) 6,000
Agricultural income 20,000
Short-term capital loss under section 111A (-) 10,000
Bank interest on Fixed deposit 5,000
Calculate gross total income and losses to be carried forward, assuming that he does not opt for the
provisions of section 115BAC.

(C) Mr. X is employed with ABC Ltd. His son is allowed to use a motor cycle belonging to the
company. The company had purchased this motor cycle for Rs. 60,000 on 1.5.2020 & given him
on the same date. The motor cycle was finally sold to him on 1.8.2023 for Rs. 30,000. Compute
the taxable perquisite in the hands of Mr. X.
4. (A) Mr. Tenzingh is engaged in composite business of growing and curing (further processing) coffee in 5+5
Coorg, Karnataka. The whole of coffee grown in his plantation is cured. Relevant information = 10
pertaining to the year ended 31.3.2024 are given below:
Particulars Rs.
Opening balance of car (only asset in the block) as on 1.4.2023 3,00,000
(i.e. WDV as on 31.3.2023 (-) depreciation for P.Y. 2022-23)
Opening balance of machinery as on 1.4.2023 15,00,000
(i.e., WDV as on 31.3.2023 (-) depreciation for P.Y. 2022-23)
Expenses incurred for growing coffee 3,10,000
Expenditure for curing coffee 3,00,000
Sale value of cured coffee 22,00,000
Besides being used for agricultural operations, the car is also used for personal use; disallowance for
personal use may be taken at 20%. The expenses incurred for car running and maintenance are Rs.
50,000. The machines were used in coffee curing business operations.
Compute the income arising from the above activities for the A.Y. 2024-25.

(B) Mr. Bharat furnishes you the following information. He has made the investments as given below:
(a) Fixed deposit with State Bank for two years Rs. 5,000.
(b) Investment in National Saving Certificates Rs. 7,000.
(c) Deposit in Public Provident Fund Account in the name of minor son Rs. 8,000.
(d) LIC Premium of major married independent daughter on 15.9.2023 Rs. 9,000. (Sum assured
Rs. 1,00,000).
(e) LIC Premium of major married independent son on 11.11.2023 Rs. 5,000. (sum assured Rs.
20,000)
(f) Investment in Home Loan A/c Scheme of National Housing Bank Rs. 15,000 (Investment made
from Past saving)
(g) Investment in units of MF notified u/s 10 (23D) Rs. 25,000. (Investment was made from
Exempt Income).
(h) Investment in Equity Shares of Infrastructure Companies Rs. 35,000.
(i) Payment of Tuition fees of his son to a private coaching centre for coaching in taxation Rs.
5,000. Compute deduction u/s 80C for AY 2024-25.
OR
State with reasons whether you agree or disagree with the following statements:
(i) Return of income of Limited Liability Partnership (LLP) could be verified by any partner.
(ii) Time limit for filing return under section 139(1) in the case of Mr. A having total turnover of
Rs. 160 lakhs (Rs. 100 lakhs received in cash) for the year ended 31.03.2024 whether or not
opting to offer presumptive income under section 44AD, is 31st Oct, 2024.
SECTION B: INDIRECT TAXES
Division A - Multiple Choice Questions
1. Ms. Chanchala, is a doctor, registered person under GST as a monthly return filer, having in-patient facility 10
in her hospital.
She availed interior decoration services from her spouse without any consideration being paid. She also
availed IT related services from her sister-in-law without any consideration. Both services were for the
purpose of her profession.
Ms. Chanchala provided treatment of various diseases in her hospital and apart from that she also
provided the following services in her hospital –
(a) Plastic surgery to enhance the beauty of the face
(b) Ambulance service for transportation of patients
(c) Renting of space to run medical store in hospital premises
She is also a consultant in other hospitals and received Rs. 40,00,000 as consultancy fee from the other
hospitals.
 Further, she also provides canteen facility and received Rs. 55,000 from in-patients, Rs. 35,000 from
patients who are not admitted and Rs. 25,000 from visitors for the same facility.
She filed GSTR-3B for the month of June with some errors. She filed the Annual return for the said
financial year on 31st October of the next financial year, whereas due date for the said Annual return is
31st December of the next financial year.
Proper Officer of the department had cancelled the registration certificate of Ms. Chanchala suo-motu on
31st July. Order of cancellation was served on 5th August. However, she applied for revocation of the
same and got her registration restored back.
All the amounts given above are exclusive of taxes, wherever applicable. All the supplies referred above
are intra-State unless specified otherwise.
From the information given above, choose the most appropriate answer for the following questions –
(i) Which of the following is a correct statement as per the provisions of CGST Act, 2017?
(i) Service availed from her Spouse is a deemed supply
(ii) Service availed from her Sister-in-Law is a deemed supply
(iii) Service availed from her Spouse is not a deemed supply
(iv) Service availed from her Sister-in-Law is not a deemed supply
(a) (i) and (iv) (b) (iii) and (iv) (c) (ii) and (iii) (d) (i) and (ii)

(ii) Compute the taxable value of supply of canteen service provided by Ms. Chanchala?
(a) Rs. 25,000 (b) Rs. 35,000 (c) Rs. 60,000 (d) Rs. 80,000

(iii) By which date Ms. Chanchala should have applied for revocation of cancellation of registration
certificate, in case no extension is granted?
(a) 5th August (b) 20th August (c) 30th August (d) 4th September

(iv) Maximum time permissible for rectification of error committed in monthly return of June is ________
(a) 30th November of the next year (b) 20th October of the next year
(c) 31st October of the next year (d) 31st December of the next year

(v) Determine which of the following services provided by Ms. Chanchala and her hospital is exempt from
GST?
(i) Plastic surgery to enhance the beauty of the face
(ii) Ambulance service for transportation of patients
(iii) Renting of space to run medical store in hospital premises
(iv) Consultancy service by Ms. Chanchala in other hospitals
(a) (i), (ii) & (iv) (b) (i), (ii) (c) (ii) & (iv) (d) (i) & (iii)

2. Hanuman Pvt. Ltd. agreed to supply toys to Ganga Pvt. Ltd. For Rs. 1,50,000 on 23rd June and 2
received an advance of Rs. 1,00,000 on the same day. Next day, it removed the toys from its factory
and issued the invoice on 25th June. Balance payment of Rs. 50,000 was made by Ganga Pvt. Ltd, on
15th July. The time of supply of the advance of Rs. 1,00,000 and balance payment at Rs. 50,000 shall
be……… and………
(a) 23rd June, 15th July (b) 24th June, 24th June
(c) 25th June, 25th June (d) 15th July, 15th July

3. Mr. Salman Khan, a resident of Mumbai, has booked a Videocon D2H connection at his other home in 1
Delhi. His friend Shah Rukh Khan, is resident of Kerala, paid the charges for Salman's D2H connection
in Delhi at the time of actual installation. Mr. Shah Rukh Khan went to Kolkata after making the
payment. Both Salman khan and Shah Rukh Khan are not registered in GST.
Determine the place of supply of D2H service provided by Videocon to Mr. Salman Khan:
(a) Mumbai (b) Kerala (c) Delhi (d) Kolkata
4. Miss Gyati, a jeweller registered under GST in Mumbai, wants to sell her jewellery in a Trade Expo held in 1
Delhi. Which of the following statements is false in his case?
(a) She needs to get registration in Delhi as casual taxable person.
(b) She needs to pay advance tax on estimated tax liability.
(c) She needs to mandatorily have a place of business in Delhi.
(d) She needs to file GSTR-1/ IFF and GSTR-3B for Delhi GSTIN for the month or quarter, as the case may
be, when she gets registered in Delhi.

5. Rakesh & Company has got multiple retail outlets of cosmetic products in Mumbai. He receives an order 1
from a customer of Kerala worth Rs. 1,20,000/- at one store. While checking the stock he found that order
worth Rs. 55,000/- can be fulfilled from his one store situated in Dadar and remaining goods worth Rs.
65,000/- can be sent from his another store situated in Malad. He instructs both the stores to bill
separately the goods to Kerala customer. Which one of the below is TRUE?
(a) He would be required to prepare one e-way bill since one order shall be considered as one
consignment for the purpose of e-way bills.
(b) He will not be required to prepare e-way bill.
(c) Rakesh & Company would be required to prepare 3 e-way bills. One for movement from Dadar Store,
one for movement from Malad store and one consolidated for movement from Transporter to
Customer.
(d) He would be required to prepare two separate e-way bills since each invoice value exceeds Rs.
50,000/- and each invoice shall be considered as one consignment for the purpose of generating e-way
bills.
SECTION B: INDIRECT TAXES
Division B - Descriptive Questions
Question No. 1 is compulsory.
Candidates are also required to answer any two questions from the remaining three questions.
1. (A) M/s. ABC & Co., a chartered accountancy firm, has its office in Bengaluru and is registered under GST 9+6
in the State of Karnataka. It submitted the following information for the month of April: = 15
S.N. Particulars Amount of services provided
excluding GST (Rs.)
1 Statutory audit services provided (intra State supplies) 1,20,000
2 ITR filing services provided within Karnataka 1,60,000
(intra-State supplies)
3 Internal audit services provided to Mumbai client 1,80,000
(inter-State supplies)
M/s. ABC & Co. had also incurred the following expenses in the month of April for the purpose of
providing the taxable services:
S.N. Particulars CGST (Rs.) SGST (Rs.)
1 Car purchased by firm for the use of senior partner of the firm for 42,000 42,000
official use
2 Office rent paid to landlord who is registered in State of 450 450
Karnataka
3 Professional fee paid to Mr. Rajesh, a practicing Chartered 18,000 18,000
Accountant, for professional services availed [TDS of Rs. 20,000 is
deducted under section 194J of the Income-tax Act,1961]
4 Computer purchased for office purpose 3,000 3,000
Out of the above 4 suppliers/service providers, landlord of office to whom rent was paid did not
upload his GSTR-1 within the specified time allowed under GST resulting in the GST amount not being
reflected in GSTR-2B of M/s. ABC & Co.
Compute the net GST payable in cash by M/s. ABC & Co. for the month of April.
Rates of CGST, SGST and IGST are 9%, 9% and 18% and respectively assuming that all the remaining
conditions of utilisation of ITC are fulfilled.
 (B) Red Pepper Ltd., Delhi, a registered supplier, is manufacturing taxable goods. It provides the following
details of taxable inter-State supply mode by it during the month of March.
SI. Particulars Amount (Rs.)
(i) List price of taxable goods supplied inter-state (exclusive of taxes) 15,00,000
(ii) Subsidy received from the Central Government for supply of taxable 2,10,000
goods to Government School (exclusively related to supply of goods
included at S. No. 1)
(iii) Subsidy received from an NGO for supply of taxable goods to an old age 50,000
home (exclusively related to supply of goods included at S. No. 1)
(iv) Tax levied by Municipal Authority 20,000
(v) Packing charges 15,000
(vi) Late fee paid by the recipient of supply for delayed payment of consideration 6,000
(Recipient has agreed to pay Rs. 6,000 in lump sum and no additional
amount is payable by him)
The list price of the goods is net of the two subsidies received. However, the other charges/taxes/fee
are charged to the customers over and above the list price.
Calculate the total value of taxable supplies made by Red Pepper Ltd. during the month of March.
Rate of IGST is 18%.

2. (A) B Enterprises started its business activities in the month of January, in the State of Karnataka. It 6+4
provides the following information: = 10
S. No. Particulars Amount (Rs.)
1. Value of intra-State outward taxable supply of goods 7,00,000
2. Value of inter-State outward taxable supply of services 6,00,000
3. Value of Infra-State outward supply on which tax is payable under 1,00,000
reverse charge mechanism.
4. Value of intro-State outward supply of exempted good from its other 5,00,000
place of business in the State of Manipur (under same PAN)
From the information given above, you are required to calculate the aggregate turnover of B
Enterprises with necessary explanations and also, specify with reason whether it is liable to get
registered under CGST Act or not.

(B) Dobriyal Technocrats Ltd., registered in Gurgaon, Haryana, is engaged in manufacturing heavy steel
machinery. It enters into an agreement with Mindsharp Associates, registered in Delhi, for imparting
motivational training to the top management of Dobriyal Technocrats Ltd. in a 5-day residential
motivational training programme at an agreed consideration of Rs. 20,00,000.
Mindsharp Associates books the conference hall alongwith the rooms of Hotel Chumchum, Neemrana
(registered in Rajasthan) for the training programme, for a lump sum consideration of Rs. 12,00,000.
You are required to determine the place of supply in respect of the supply(ies) involved in the given
scenario.

3. (A) Satya Sai Residents Welfare Association, a registered person under GST has 30 members each 4+6
paying Rs. 8,000 as maintenance charges per month for sourcing of goods and services from third = 10
persons for common use of its members.
The Association purchased a water pump for Rs. 59,000 (inclusive of GST of Rs. 9,000) and availed
input services for Rs. 23,600 (inclusive of GST of Rs. 3,600) for common use of its members during
February 2020.
Compute the total GST payable, if any, by Satya Sai Residents Welfare Association, for February
2020.
GST rate is 18%. All transactions are intra-State.
There is no opening ITC and all conditions for ITC are fulfilled.
 OR
(i) Mr. X is running a consulting firm and also a readymade garment showroom in Kolkata
registered in same PAN. Turnover of the showroom is Rs. 70 lakh and receipt of consultancy firm
is Rs. 15 lakh in the preceding financial year. You are required to answer the following:
Is Mr. X eligible for composition scheme? (2 Marks)
(ii) Examine whether GST is exempted on the following independent supplies of services:
(a) Service provided by a private transport operator to Scholar Boys Higher Secondary School in
relation to transportation of students to and from the school.
(b) Services provided by way of vehicle parking to general public in a shopping mall. (2 Marks)

(B)
(i) An order is placed on Ram & Co. on 18th August for supply of a consignment of customized shoes.
Ram & Co. gets the consignment ready and informs the customer and issues the invoice on 2nd
December. The customer collects the consignment from the premises of Ram & Co. on 7th
December and electronically transfers the payment on the same date, which is entered in the
accounts on the next day, 8th December.
What is the time of supply of the shoes for the purpose of payment of tax? (2 Marks)
(ii) A firm of advocates issues invoice for services to ABC Ltd. on 17th Feb. The payment is contested
by ABC Ltd. on the ground that on account of negligence of the firm, the company's case was
dismissed by the Court for non-appearance, which necessitated further appearance for which the
firm is billing the company. The dispute drags on and finally payment is made on 3rd November.
Identify the time of supply of the legal services. (2 Marks)
(iii) Kidzee Toys Ltd., a wholesaler of toys registered in Chandigarh, is renowned in the local market
for the variety of toys and their reasonable prices. Kidzee Toys Ltd. makes supply of 100 pieces of
baby's learning laptops and chat learning phones to Nancy General Store on 25th September by
issuing a tax invoice amounting to Rs. 1,00,000. However, the said toys were returned by Nancy
General Store on 30th September. Discuss which document Kidzee Toys Ltd. is required to issue in
such a case? (2 Marks)

4. (A) Yash & Co., a manufacturer and supplier of plastic goods, is registered under GST in the State of 3+4+3
Maharashtra. Yash & Co. sold plastic goods to a retail seller in Punjab, at a value of Rs. 43,000 = 10
(excluding GST leviable @ 18%). Now, it wants to send the consignment of such plastic goods to
the retail seller in Punjab.
You are required to examine whether e-way bill is mandatorily required to be generated in
respect of such movement of goods as per the provisions of the GST law.

(B) Jamku Ltd. a registered person is engaged in the business of spices. It provides following details
for GST paid during October, 2024.
SI. Particulars GST Paid (Rs.)
1. Raw spices purchase
- Raw spices used for furtherance of business 50,000
- Raw spices used for personal use of Directors 20,000
2. Electric machinery purchased to be used in the manufacturing process. 25,000
3. Motor vehicle used for transportation of the employee 55,000
4. Payment made for material and to contractor for construction of staff 1,25,000
quarter.
Determine the amount of ITC available to Jamku Ltd. for the month October, 2024 with all
related workings and explanations.
All the conditions necessary for availing the ITC have been fulfilled.
OR
 BSA Corporation is a Public Sector Undertaking registered in Karnataka. For entertainment events in
Bengaluru and at Mumbai, BSA has given contract to Mr. A, a renowned artist, registered person in
Maharashtra, to perform on contemporary Bollywood songs. BSA Corporation agreed to pay Rs.
12,39,000 and Rs. 18,29,000, inclusive of GST, for Mumbai and Bengaluru events respectively. BSA
Corporation seeks your advice regarding amount of TDS to be deducted assuming GST rate @ 18%
(CGST @ 9%, SGST @ 9%, IGST @ 18%)

(C) Determine with reason whether the following statements are true or false:
(i) A registered person shall issue separate invoices for taxable and exempted goods when supplying
both taxable as well as exempted goods to an unregistered person.
(ii) A Non-banking financial company can issue a consolidated tax invoice at the end of every month
for the supply made during that month.