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(i) GHY Company Ltd. received an adjudication order passed by the Assistant Commissioner of Central Tax on 11th October 2024 under section 73 of the CGST Act, 2017 wherein it was decided as follows: IGST due ₹8,00,000, Interest ₹35,000 and Penalty ₹50,000. Company wants to file an appeal before the Appellate Authority. How much company has to pay as pre-deposit under section 107(6) of the CGST Act, 2017, if company appeals against part of the demanded amount say Tax ₹5,00,000, Interest ₹20,000 and Penalty ₹30,000 and admits the balance liability of tax, interest, and penalty?

₹5,80,000 ₹3,85,000 ₹4,35,000 ₹3,90,000

(ii) M/s. ACG Ltd., a supplier of Television (T.V.), registered in the State of Gujarat has a policy to supply one Television at 70% discount to open market price to its top employees in terms of the employment contract. During the month of November 2023, the company supplied 20 Televisions to these employees. The total open market value of such 20 Televisions is ₹7,00,000 (excluding GST). Calculate the value of supply under GST Laws.

₹4,90,000 NIL ₹2,10,000 ₹7,00,000

(iii) Which of the following statements does not covered under exemption Notification No.12/2017 CT (R) dated 28.06.2017, with reference to GST on monthly subscription/contribution charged by a Residential Welfare Association (RWA) from its members?

(I) Annual turnover of RWA more than ₹20 lakhs and monthly maintenance charges received from individual member is ₹7,300.

(II) Annual turnover of RWA more than ₹20 lakhs and monthly maintenance charges received from individual member is ₹8,500.

(III) Annual turnover of RWA less than ₹20 lakhs and monthly maintenance charges received from individual member is ₹15,500.

(IV) Annual turnover of RWA less than ₹20 lakhs and monthly maintenance charges received from individual member is ₹7,500.

Choose the most appropriate option.

(I) and (III) Only (II) (II) and (III) (II) and (IV)

(iv) M/s QRT Ltd. made certain gifts to its employees, as—

(I) Mr. A ₹50,000

(II) Mr. C ₹47,000

(III) Mr. Z ₹57,000

Which of these gifts shall be liable to GST?

(I), (II) & (III) (I) & (III) Only (III) None of the above

(v) The person was operating under normal scheme, but now he wants to convert in composition scheme, which form he must file?

Form GST CMP-01 Form GST CMP-02 Form GST CMP-03 Form GST CMP-04

(vi) Mr. Kapil, director of M/s TRT Ltd. registered in Chennai went for 2 days official seminar in Delhi. From Noida he booked a hotel in Delhi & provided the company's GSTIN. What is the place of supply under GST law?

Delhi Chennai Noida None of the above

(vii) Under GST law, what is the due date for issue of TDS Certificate?

The date of payment of TDS Within 20 days from the date of payment of TDS Within 10 days from the date of payment of TDS Within 05 days from the date of payment of TDS

(viii) The due date to file GSTR-6 (Return for Input Service Distributor) is:

15th of the next month 13th of the next month 10th of the next month 20th of the next month

(ix) If a person is liable to be registered on 12th November 2023 and he has applied for registration on 18th November 2023, and certificate granted on 24th November, 2023, the effective date of registration for composition levy will be:

18th November 2023 12th November 2023 12th December 2023 24th November 2023

(x) In respect of a consignment supplied on 21st August, provisional assessment was resorted by a person who files return on monthly basis. The assessment was finalized on 20th November and the taxpayer became liable to pay differential IGST of ₹10,000. The taxpayer paid this amount on 20th December. The number of days for which the taxpayer is liable to pay interest are:

122 days 91 days 61 days 30 days

(xi) Under Customs Act, 1962 which of these is not a mandatory document required for Import of goods from India?

Bill of Lading/Airway Bill/Lorry Receipt/Railway Receipt/Postal Receipt Commercial Invoice cum Packing List Shipping Bill/Bill of Export Bill of Entry

(xii) The following is not a condition precedent for grant of duty drawback for re-export of duty paid goods:

The goods must be clearly identifiable. The goods should have been actually imported earlier and import duty paid thereon. The goods are actually re-exported to any place outside India. Entire lot of goods imported earlier should be re-exported and no portion should remain.

(xiii) Under Customs Law, value of goods to be exported as bonafide gift can’t exceed in a licensing year:

₹5,00,000 ₹15,00,000 ₹10,00,000 None of the above

(xiv) Anti-dumping duty is calculated as follows:

Higher of margin of dumping or injury margin Lower of margin of dumping or injury margin Higher of export price or normal value Lower of export price or normal value

(xv) Which of the following statements are incorrect?

(I) Special exemption under section 25 of the Customs Act, 1962 is granted by issuing a notification.

(II) General exemption under section 25 of the Customs Act, 1962 is granted by issuing an order.

(III) Special exemption is required to be published in the official gazette.

(IV) General exemption is not required to be published in the official gazette.

(I) and (III) (I), (II), (III), and (IV) (III) and (IV) (II) and (IV)

June 24 IDT Paper