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3 171
Qn 2) Anirudh stays in New Delhi. His basic salary is
10,000 p.m., D.A. (60% of which forms part of pay) is 6,000 p.m., HRA is 5,000 p.m. and he is entitled to a commission of 1% on the turnover achieved by him. Anirudh pays a rent of 5,500 p.m. The turnover achieved by him during the cur-rent year is ` 12 lakhs. The amount of HRA exempt under section 10(13A) is –3 171
Income derived from farm building situated in the immediate vicinity of an agricultural land (not assessed to land revenue) would be treated as agricultural income if such land is situated in –
3 171
Servicesby way of warehousingof _______is exempt from GST.
(i) Tea
(ii) Jiggery (iii) Betel leaves (iv) Processed cashew nuts
3 171
Services by way of transportation of _______ by rail from Chennai to Guja-rat is exempt from GST.
(i) Pulses
(ii) Military equipment (iii) Electric equipment (iv) Jiggery
3 171
Out of following, determine which taxes have been subsumed in GST.
(i) Basic customs duty levied under Customs act, 1962
(ii) Taxes on lotteries (iii) Environment tax
3 171
Subhas &co., a registered person, supplies taxable goods to unregistered persons. It need not issue tax invoice , if the value of supply of goods to such person is________ and the recipient does not require such invoice .
3 171
Input taxcredit is not available in respect of_______.
(i)Sercices on which tax has been paid under composition levy.
(ii)Goods given as free samples (iii)Goods used for personal consumption
3 171
Mr. Narayan Goel has booked a room on rent in sunshine Hotel for the pur-pose of lodging on 10th august . GST is not payable by Mr. Narayan Goel in case value of supply for accommodation is
3 171
Which of the following supply of services are exempt under GST ?
(i)Testing of agricultural produce
(ii)Supply of farm labour (iii)Warehousing of agricultural produce
3 171
The person making inter-state supplies from Madhya Pradesh which is not notified handicraft goods or predominantly hand- made notified products, is compulsorily required to registered under gst
3 171
The person making inter-state supplies from Madhya Pradesh which is not notified handicraft goods or predominantly hand- made notified products, is compulsorily required to registered under gst
3 171
X& co , a supplier registered under GST in Meghalaya, wants to opt for composition levy. The aggregate turnover limit for composition levy is-
3 171
Qn 6) In Roopali Marketing Company Private Limited (Authorised capital 50,000 shares of Rs. 10 each and paid up share capital of Rs. 4,50,000), 1000 shares are jointly held by Abeer and Abheek; another 800 shares are jointly held by Seema and Srividya; and another 1200 are jointly held by Ramesh, Raksha and Rajneesh. Further, 42,000 shares are held by 193 individual persons in their individual capacity. Is it possible for the company to induct more persons?
