CS Professional Advanced Tax Laws and Practice PYQ June 2021: Question Paper and Available Answers
CS Professional
Advanced Tax Laws and Practice
PYQS Series
June 2021
42 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Professional Advanced Tax Laws and Practice PYQS (June 2021). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- Akansha received the following gifts on her birthday on 3rd July 2020: (i) Car worth ₹6,78,000 from her brother. (ii) Jewellery worth ₹28,000 from her husband cousin. (iii) Bonds w
- Mishra retired from service on 1st November, 2020 after serving 20 years and 8 months. He received ₹5,00,000 at the time of his retirement by encashing his unavailed leave. He furn
- When does the Authority for advance ruling not allow an application for advance ruling? State the time limit to withdraw an application and to pronounce advance ruling.
- Sesha, a British citizen comes to India on 24th December 2020 to meet his grandparents living in India. During the previous years 2016-2019, he stayed with them for 430 days. He le
- From the following information given by Duke Ltd., for the Previous Year 2020-21, compute the tax payable by it for the Assessment Year 2021-22 by assuming that the company does no
- Incomes earned during a previous year are always taxable in the assessment year. Do you agree? Explain with reasons.
- Sangeeth acquired a house property for ₹2,00,000 on 10th June, 1976. He incurred the following expenses to make some additions/alterations in the property: (a) Cost of construction
- A Ltd. has some plant and machinery in a block of assets whose written down value on 1st April, 2020 was ₹50,00,000. These assets carry depreciation @ 15% p.a. The company purchase
- Explain meaning of Reverse Merger. List down the benefits available in it.
- PQR, an importer, furnished the under-mentioned data relating to a machinery imported in December, 2020: (i) Assessable value of the imported machinery US $ 40,000. (ii) Date of bi
- Bring out the minimum amount and the maximum amount for compounding of offences u/s 138 of the Central Goods and Services Act, 2017 (CGST). State what will be the outcome of compou
- Mr. Humpty, a supplier in Kerala, dealing with Intra-State supply of goods and services, has furnished the following information in the financial year 2020-21: Sale of taxable good
- What should be the minimum amount of refund to make a claim for refund in GST Law? Enumerate the cases for which a registered person can claim refund of any unutilized input tax cr
- Ganesh opted for composition scheme under GST at the time of his registration. He purchased a plant for ₹42 lakhs on 29th September, 2019 and paid GST @ 18%. The invoice was prepar
- What are Zero Rated Supplies under the Integrated Goods and Services Act, 2017 (IGST)? Explain the options available to a registered person to claim refund against zero rated suppl
- Kabrina Ltd. supplied inputs to job worker Shabrina Ltd. for further processing on 6th September, 2019. The inputs were received back on 7th October, 2020 after necessary processin
- Kabrina Ltd. supplied inputs to job worker Shabrina Ltd. for further processing on 6th September, 2019. The inputs were received back on 7th October, 2020 after necessary processin
- Ganesh booked a marriage hall for a total rent of ₹70,000 by paying an advance of ₹20,000 on 7th June, 2020. The marriage was held on 16th October, 2020. The owner of the hall issu
- When safeguard duty is imposed? What are the circumstances in which safeguard duty shall not be imposed?
- Determine the place of supply in the following case: Deva of Chennai enters into an agreement with John of Hyderabad to install a lift at a building in Jaipur.
- Determine the place of supply in the following cases: X, who is having his registered place of business at Mumbai, placed an order to Y in Noida for delivering an air conditioner t
- Determine the place of supply in the following cases: Ramanathan, a Company Secretary registered in Ahmedabad travels to Kochin in connection with his professional work and stays t
- Determine the place of supply in the following case: Sudhir is relocating from Agra to Kolkata and avail the services of packers and movers in Agra.
- Determine the place of supply in the following cases: R. P. Singh a consultant, whose registered office is in Bhopal provides training to his client's employees at Varanasi. The cl
- What are the circumstances under which goods can be confiscated and penalty can be levied under CGST Act 2017?
- State with reasons whether the following suppliers are eligible to avail composition levy when their turnover in the preceding financial year does not exceed ₹1.5 crore: Joint Prod
- State with reasons whether the following suppliers are eligible to avail composition levy when their turnover in the preceding financial year does not exceed ₹1.5 crore: Kumar Trad
- State with reasons whether the following suppliers are eligible to avail composition levy when their turnover in the preceding financial year does not exceed ₹1.5 crore: Shankar Bh
- Royal Services Ltd. is engaged in supply of taxable services only in Tamil Nadu. Its turnover crosses ₹20 lakhs on 1st June, 2020. It applies for registration under GST on 25th Jun
- Royal Services Ltd. is engaged in supply of taxable services only in Tamil Nadu. Its turnover crosses ₹20 lakhs on 1st June, 2020. It applies for registration under GST on 25th Jun
- Royal Services Ltd. is engaged in supply of taxable services only in Tamil Nadu. Its turnover crosses ₹20 lakhs on 1st June, 2020. It applies for registration under GST on 25th Jun
- What is the validity period of e-way bill? When its countdown starts?
- Discuss the provisions of the Customs Act 1962 with regard to duty on Pilfered Goods.
- A duty drawback of ₹60 lakh was given to Supreme Exporters. Subsequently the Commissioner of Customs issued a show cause notice for the recovery of the duty drawback stating that i
- What are the circumstances in which goods are considered to be removed improperly from a warehouse under the Customs Act, 1962? What will be the reaction of the proper officer in s
- Mr. Musafir of Jharkhand, engaged in supply of medical drugs has an aggregate turnover of ₹7 Crore in the financial year 2020-2021. He issues invoices to customers without mentioni
- Mr. Musafir of Jharkhand, engaged in supply of medical drugs has an aggregate turnover of ₹7 Crore in the financial year 2020-2021. He issues invoices to customers without mentioni
- What is E-invoicing and who are mandatorily required to upload such E-invoices.
- The Public Works Department of Tamil Nadu makes a net payment of ₹3,70,000 to a supplier of cement in Andhra Pradesh on 22nd of February, 2021. This supply is subject to 18% GST. C
- The Public Works Department of Tamil Nadu makes a net payment of ₹3,70,000 to a supplier of cement in Andhra Pradesh on 22nd of February, 2021. This supply is subject to 18% GST. W
- The Public Works Department of Tamil Nadu makes a net payment of ₹3,70,000 to a supplier of cement in Andhra Pradesh on 22nd of February, 2021. This supply is subject to 18% GST. W
- The Public Works Department of Tamil Nadu makes a net payment of ₹3,70,000 to a supplier of cement in Andhra Pradesh on 22nd of February, 2021. This supply is subject to 18% GST. I
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