Indirect Tax Laws - May 2026

Outward Supply of Pawan for the month of October 2025 on which he is liable to pay GST is % (A) .21,00,000 (B) 22,25,000 (C) 24,00,000 (D)_ 25,25,000 (4) Amount of Eligible Gross ITC in respect of transactions made with M/s Casual Comforts Ltd. for the month of October 2025 is € . (A) Nil (B) 2,700 (C) 72,000 (D) 74,700 3, Inrespect of ITC reversed earlier, the most appropriate statement is, (A) He cannot re-claim ITC beyond November 2024…

7. Tax liability of Suja & Co related to the month of April 2025 is = 7 24 (A) 5,000 each under CGST and SGST (B) 12,500 each under CGST and SGST (C) 10,000 each under CGST and SGST (D) 30,500 each under CGST and SGST

8. In respect of proposed activities for the month of May 2025, which of the following activities are not permitted for Suja & Co. (A) Only (i) | (B) (i) and Gi) (C) (ii) and Gi) (D) (i), (ii) and (iii) 9, The Firm will be liable to pay tax of & each under CGST and SGST under Reverse Charge Mechanism for the month of July 2025. 2 (A) Nil (B) 2,700 (C) 4,500 (D) 7,200 Amount of ITC eligible…

12. In respect of retired partner, he will liable for tax, interest and penalty of the firm due up to the date of (A) 30.09.2025 (B) 10.10.2025 (C) 30.10.2025 (D) 28.10.2025 13. On 15 October, 2025 Jai Laxmi Exim Limited was served with a Demand Order by the Revisional Authority (RA) of GST for demand of Tax (IGST) Z 1400 Crore, Interest of % 100 Crore and Penalty of = 120 Crore. Company admitted tax of ₹ 200 Crore, interest…