Indirect Tax Laws - November 2018

Jonty India Ltd. a manufacturer of heavy machines registered at 10 Jaipur (Rajasthan) supplied one machine to M/s. Dhanuka Ltd. of Udaipur (Rajasthan) on 05-02-2018 under an invoice of the same date. Using the information given below, compute the value of the machine and the GST payable (CGST & SGST or IGST as the case may be) in cash for the month of February, 2018 by M/s Jonty India Ltd. with appropriate working notes. PMTS P.T.O. (2) ) Assume Rate…

PQR Company Ltd., a registered supplier of Bengaluru (Karnataka), is 7 a manufacturer of goods. The company provides the following information pertaining to GST paid on input supplies during the month of April, 2018 : Si. Items GST paid No. in (%) @i)_| Life Insurance premium paid by the company 1,50,000 on the life of factory employees as per the policy of the company. (ii) | Raw materials purchased for which invoice is 38,000 missing but delivery challan is available.…

Ltd. of Jodhpur (Rajasthan) is a registered manufacturer of 10 cosmetic products. Pari Ltd. has furnished following details for the month of April, 2018 : PMTS P.T.O. (8) PMTS Marks S. No. Particulars x, (A) Receipts Details of Sales (i) _ Sales in Rajasthan 8,75,000 (ii) Sales in States other than Rajasthan 3,75,000 (iii) Export under bond 6,25,000 (B) | Payments (1)_| Raw materials (i) Purchased form registered suppliers located in| 1,06,250 Rajasthan : : (ii) Purchased from unregistered suppliers…

(a) Happy Ltd. located at Alwar (Rajasthan), exclusively manufactures 5 and sells the product “Shine & Shine”, which is exempt from GST. Happy Ltd. sells “Shine & Shine” only within Rajasthan. The turnover of Happy Ltd. in the previous year was ₹60 lakhs. Happy Ltd. purchased additional machinery (Capital Goods) for manufacturing “Shine & Shine” on 1* April, 2018. The invoice for supply of machinery also was issued on 1* April, 2018. The purchase price of the machinery was %…

Sanjay of New Delhi made a request for a Motor cab to 5 “Super ride” for travelling from New Delhi to Gurgaon (Haryana). After Mr. Sanjay pays the cab charges using his debit card, he gets details of the driver Mr. Jorawar Singh and the cab’s registration number. “Super ride” is a mobile application owned and managed by D.T. Ltd. located in India. The application “Super ride” facilitates a potential customer to connect with the persons providing cab service under…

6. (a) Briefly explain the procedure to be followed by the Authority for 5 Advance Ruling on receipt of the application for Advance Ruling under section 98 of CGST Act, 2017. (b) What are the duties of National Anti-profiteering Authority 5 enumerated in the CGST Act ? PMTS P.T.O. (16) | PMTS Marks — (c) Explain the difference between Audit by Tax Authorities under section 5 65 and Special Audit under section 66 of the CGST Act, 2017. | (d)…