WorksheetsExempted supplies under GST
Total questions: 14
Worksheet time: 5mins
Which of the following is not an example of how an exemption affects the economy?
Social, health, environmental policy
Political considerations
Intended investment strategies.
legislate for one person’s prosperity by granting an exemption while taxing another
Applicability of Exemption Notification under CGST Act will not have an impact on?
SGST Act
UTGST Act
IGST Act
Income of an Individual
Which of the following is not a part of Classification of HSN Wise Summary?
Sections
Chapter
Explanation
Heading
Which of the following is not used to determine an exemption?
Notification
Advance rulings
Court Rulings
HSN Code for goods or SAC for services
As per the Provisions of Section 122 of CGST Act,2017, if a Supplier fails to maintain records required under Section 35(1), what is the penalty that can be imposed on supplier?
5000
10000
15000
1000
Sevices by a person by way of any _______ is exempt from GST
Religious Ceremony
Marriage Ceremony
Festival Ceremony
Entertainment Ceremony
ABC Trust, registered u/s 12 AA of Income Tax Act, 1961 has let out is room for Rs.950 per day to Mr.XYZ. Who will be liable to pay GST on such services?
ABC Trust
XYZ
Exempt
Both (A)& (B)
Services by way of Fumigation shall be exempt if it is in
Any warehouse
Any business premises
A warehouse for agricultural produce
All
Fee or Consideration charged in any other form from the Participants shall be exempt for participating in –
A religious program or camp meant for advancement of religion
A yoga program or camp meant for advancement of religion
A meditation program or camp meant for advancement of spirituality
ALL
What Kind of Supply is “ Food Supplied to In – Patients” as advised by the Doctor in Hospital ?
Composite Supply
Mixed Supply
Work Contract Service
None
Q1. Mr. Mukesh ambani purchased 100000$ for his personal expense in USA from XYZ Ltd. Is the commission received by bank on this supply excempt?
Yes
No
Services by bank, to a person for settlement of amount transacted through credit card in a single transaction is exempt upto?
5000
2000
10000
1000
A and B, Two brothers gave a construction contract of their two floors residential house to a contractor. Is this contruction Taxable?
Yes
No
An organiser has undertaken a contract to organise a business exhibition for ABC Ltd in Dubai. Is this service exempt or taxable?
Exempt
Taxable
Depends on residential status of organiser.
