CS Professional Goods and Services Tax (GST) and Corporate Tax Planning PYQ June 2024: Question Paper and Available Answers

CS Professional 2 - Goods and Services Tax (GST) and Corporate Tax Planning PYQS Series June 2024 45 Questions Indexed

ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Professional 2 - Goods and Services Tax (GST) and Corporate Tax Planning PYQS (June 2024). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.

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Indexed questions

Raman, the recipient of service paid the invoice amount to his supplier within 180 days from the date of invoice being 1st October, 2022 but failed to settle the GST amount as char
M/s TVR Cineplex Private Limited sells cinema hall tickets of ₹ 150 each including GST @ 18%. It also supplies food and beverages as a separate service charging GST @ 5%. During th
During the month of July, 2023, GST Office, Mumbai conducted search into the premises of M/s NTR Private Limited and found issue of fake invoices without any supply of goods or ser
M/s VRM Estates Private Limited, the owner of a Metro Mall in Delhi rented out 10 shops spaces to retail shopkeepers with the supply of electricity bundled with renting of shops an
R, a retail garment shopkeeper applied for and was granted a regular registration under GST on 1st April, 2022. Due to the increasing trend of customers shopping online and heavy r
Shyam Sundar booked a Banquet Hall for his daughter's marriage on 10th April, 2023 with an agreed sum of ₹ 3,00,000 and paid an advance of ₹ 30,000. The Marriage Function was held
M/s NTC Private Limited, a registered taxable person is in business of information technology. The company buys a motor vehicle for use of its Executive Directors. Can it avail the
M/s DFL Private Limited conducted its 12th Annual General General Meeting at its head office in Bengaluru and availed services of M/s Sitaram Caterers for the occasion. M/s Sitaram
M/s Hans Logistics Private Ltd. is a registered person engaged in passenger transport services. It purchased a luxury bus for ₹ 22,30,000 plus GST @ 28% for its business as on 12.0
Meenakshi, Executive Director of M/s CTC Private Limited provided the following services and supplies to the company during the financial year ending 31.03.2024: (i) Directors Sitt
Meenakshi, Executive Director of M/s CTC Private Limited provided the following services and supplies to the company during the financial year ending 31.03.2024: (ii) A 3 BHK Flat
Meenakshi, Executive Director of M/s CTC Private Limited provided the following services and supplies to the company during the financial year ending 31.03.2024: (iii) Consideratio
M/s Tarun Apparels Pvt. Ltd., registered dealer, purchased readymade garments from M/s Arun Fashion for the purposes of further sale. The purchasing dealer claimed the ITC on such
Explain the "Revisional Authority" with its powers as per the provisions of CGST Act, 2017. Also List out three instances where authority cannot revise the order.
M/s Sagar Electronics Private Ltd., located at Haridwar, Uttarakhand and registered under the Composition Scheme furnishes the following break up of its total value of supplies inc
Kabir & Sons reduced the amount pertaining to an ineligible ITC credit of ₹ 2,56,000 from the output tax liability in contravention of the provision of section 42(10) of CGST Act,
Shriram, registered in Delhi hired a truck from a Goods Transport Agency (GTA), being unregistered person. Accordingly, Tax amounting to ₹ 6,500/- is payable under Reverse charge b
Sanjeev intends to start a new manufacturing business in Raipur, Chhattisgarh. However, he is not able to determine the classification of the goods proposed to be manufactured and
Whether Sanjeev needs to get registered to apply for advance ruling?
M/s Accurate Testing Services, a registered supplier tests and certifies each batch of machine tools before its dispatch by Zeal Tools Pvt. Ltd., engaged in supply to SEZ Units. So
M/s STR Sales Private Limited having its registered office at Gurugram (Haryana), carried on the following supplies with their respective turnovers during the financial year ending
M/s DX Logistics Private Limited having its head office at Pune, is registered as Input Service Distributor (ISD). It has three offices in different cities situated in Nagpur, Bhop
In the light of provisions of CGST Act, 2017 and IGST Act, 2017, determine the Place of Supply (POS) in the following independent cases: (i) Aryan Kapoor of Mumbai purchased a bung
Amit buys shares from a MF broking Limited, a stock broker in Delhi. Amit resides in Noida (U.P.)
Neeta booked a special holiday train which runs from Jaipur to Kanyakumari and provides fooding, sight-seeing and other entertainment services. She also booked a return ticket at t
Padma Enterprises, a franchisee distributor and supplier of a branded ice cream is engaged in the supply of ice cream to wholesalers in the outskirts of the state of Delhi. Determi
Vimal, a small trader engaged in supply of pan masala & aerated waters in Dehradun, Uttrakhand made the following supply of goods and services during the financial year 2023-24: Ou
M/s Dexton Supply Private Limited has the following tax liabilities for the financial year 2023-24: (S.No. 1-6 with amounts). The company has the balance of ₹ 5,05,000 in Electroni
M/s Guru Transport Co., a partnership firm is engaged in the business of playing, hiring and leasing of goods carriage owning 8 vehicles. The firm furnishes the following informati
M/s DLF Ventures LLP incorporated on 01-04-2023 has following three business plans for 10 years as alternatives to start with a capital investment of ₹ 100 Crore with an expected r
Set up a Cold Chain facility for refrigeration, storage, and transportation of dairy products.
Purchase of tea gardens for growing and manufacturing tea in India.
Determine with reasons whether the following are the acts of (i) tax planning (ii) tax evasion (iii) tax avoidance: (i) Sumit, a retail garments trader claims lavish travelling exp
Ravi, a regular income tax return filer transferred a sum of ₹ 5 lakhs from his bank account to his wife's bank account and thus made a fixed deposit of the same amount in wife's n
M/s ACE Private Limited, an existing manufacturing company having two units named X and Y split up both the units into two separate companies as X Limited and Y Limited under a dem
M/s DTA Private Limited, an existing manufacturing company having two units named X and Y split up both units into two separate companies as X Limited and Y Limited in the month of
M/s DFC Private Limited, a closely held non-banking financial company engaged in the business of money lending having equity share capital of ₹ 50 Crore divided into 5 Crore equity
Granted an interest-bearing loan of ₹ 20 Lakh to M/s EXL Private Limited in which Mrs. Riya, wife of Nitin is the equity shareholder holding 25% equity shares of M/s EXL Private Li
Granted an interest free loan of ₹ 5 Lakh on 31.05.2023 to Mr. Kapil, an individual who later bought 12% equity shares of the company on 05-09-2023.
Paid an amount of ₹ 2 Lakh as Security Deposit to M/s DHF Private Limited, 100% subsidiary of M/s DFC Limited in terms of agreement for leasing out of office premises. M/s DHF Priv
Granted an interest free loan of ₹ 5 Lakh on 04-08-2023 to Meena, an individual holding 15% equity shares of the company. She repaid the loan in full to the company on 15-02-2024.
M/s GTP Private Ltd, a widely held company is considering a major expansion of its production facilities and the following alternatives are available: (Table of Share Capital, Debe
M/s Excel Private Limited, sold one of its two plants under a slump sale to M/s. Pixel Private Limited on 31-10-2023 for a sales consideration of ₹ 45 lakhs due to continuous losse
M/s EBM Infotech Private Limited, engaged in the export of notified goods established a Unit in SEZ, Noida and started services from 1st April, 2012. During the previous year endin
Prateek received a legal advice for his family issues and paid 1500 USD dollars as a legal fee to Ms. Pratibha of New York. (i) Whether the above activity of import of service woul

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