Supply under GST-8th August

Ramaiyaa, a proprietor, has received the architect services for his personal residence from an architect located in New York at an agreed consideration of $ 5,000.

• It is a supply
• It is not a supply

Shekhar Enterprises gifted his employee – Mr. Sukhbir – computer worth Rs. 40,000 in September and mobile phone worth Rs. 20,000 in October in current financial year. Determine the amount of supply, if any, in the given case. Assume values given are values as per section 15 of the CGST Act.

• 20000
• 40000
• 60000
• 10000

Mr. Sukhbir has received watch worth Rs. 20,000 from his employer - Shekhar Enterprises in September. Thereafter, he changed the employment and joined Purva Impex Ltd. which gifted him mobile phone worth Rs. 50,000 in October. Determine the value of supply. Assume value given are value as per section 15 of the CGST Act.

• Nil
• 20000
• 70000
• 50000

Shekhar Enterprises has gifted the computers worth Rs. 60,000 to his employee. It had not taken input tax credit on the said computers. Determine whether given transaction amounts to supply or not.

• Not a Supply
• Supply

Mr. Handsome, del-credere agent (DCA) of Charm Limited, agrees to raise invoices in his own name and also guarantees for the realization of payments from customers to Charm Limited. In order to realize the payments from customers on time, he extends short-term transaction-based loans to them and charges interest for the same. For the month of March, sale of goods by Mr. Handsome in his DCA capacity is Rs. 2,80,000 and interest earned from the said customers for short term credit facility provided for timely payment of dues is Rs. 20,000. Further, commission charged from Charm Limited in respect of DCA services provided is Rs. 30,000. Determine the value of supply of goods to customers and value of supply of agency services to Charm Limited.

• ` 2,80,000; ` 30,000
• 20,000; Nil
• 3,00,000; ` 30,000
• 20,000; ` 30,000

Mr. Venkat hired a professional firm based in UK to receive the legal consultancy services for his family dispute. The services received by Mr. Venkat _____________ in case such services are received by Mr. Venkat (I) free of cost; or (II) for a consideration of US$ 1,000.

• (I) amount to supply; (II) amount to supply
• (I) do not amount to supply; (II) amount to supply
• (I) amount to supply; (II) do not amount to supply
• (I) do not amount to supply; (II) do not amount to supply

Which of the following activities/transactions qualify as supply of goods?

• Dhruvtara Electronics supplies washing machines to its customers
• Bigbang Steels Ltd. supplies a machinery on rent to Jigayasa Manufacturers.
• Larsen Technicians retreads the tyres given by Deendayal Automobiles on job work basis.
• Vigyaan Technologies develops a customised software for a business school.

Which of the following activities are considered neither as supply of goods nor supply of services?

• Inter-State movement of trucks between distinct persons for repairs and maintenance.
• Grant of mining rights by the Governments to businesses.
• Services provided by an employer to the employee.
• Lottery

Jaskaran supplies gift packages at Rs. 30 each to its customers. Each package consists of 2 chocolates, 2 fruit juice bottles and a packet of toy balloons. Rates of GST applicable on chocolates, fruit juice bottles and toy balloons are 18%, 12% and 5% respectively. Jaskaran is liable to pay GST @________________.

• 18%, 12% and 5% separately on value of supply of chocolates, fruit juice bottles and toy balloons respectively
• 18% on the price charged for the gift package
• 12% on the price charged for the gift package
• 5% on the price charged for the gift package