Indirect Tax Laws - May 2022

1. Supermarket is a proprietary firm and a GST registered supplier a ; Ahmedabad, Gujarat. The details of supplies, purchases and expenges tor the month of December 2021 of Supermarket are as given below : | PARTICULARS | AMOUNT | | Details of outward supplies : | | (i) Intra state 45,00,000 | (ii) Interstate 15,00,000 | (iii) Exempt supplies under GST 6,00,000 | | Details of inward supplies : (i) Intva-state 40,00,000 | Gi) Interstate 10,00,000 (iii) Exempt supplies…

3. (a) _In the case of transactions at (i) and (ii) below, determine whether the amounts received are liable to GST. Briefly explain the applicable Statutory provisions in support of your conclusions. (1) ABC Ltd., a registered bank, recovered cheque discounting charges of 5,250 from a customer C & Co. (ti) T Ltd. A dealer in air conditioners, supplies each unit at a list Price of @ 30,000 per unit. He also has an EMI scheme where the customer can…

5. Gh On scrutiny of returns filed by Chandan & Co., the department found 5 some discrepancy in ITC claimed by the company and consequently a departmental audit was conducted under section 65 of CGST Act. On conclusion of the audit in February, the department issued a Show Cause Notice (SCN) alleging that the company had wrongly and deliberately claimed ITC in the returns without actual receipt of goods CSD2 P.T.O. (10) for the month of January. The Joint Commissioner…

6. (a) Enumerate the suppliers to whom the Dynamic Quick Response (QR) 4 code is not applicable when they issue an invoice to an unregistered person. With reference to Section 90 of the CGST Act, 2017, briefly discuss the liability of the partners of a firm to pay tax. csD2 P.T.O. (12) (b) List the safeguards provided in section 67 of CGST Act, 2017 in Tespect of the power of search or seizure. (c) Distinguish between Advance Authorization and DFIA…