CS Professional Advanced Tax Laws PYQ December 2019: Question Paper and Available Answers

CS Professional Advanced Tax Laws PYQS Series December 2019 51 Questions Indexed

ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Professional Advanced Tax Laws PYQS (December 2019). 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

Parikh is a practising Company Secretary at Mumbai. His gross fee receipts for the financial year 2018-19 was ₹ 28 lakhs. He estimated his gross receipts at ₹ 32 lakhs for the fina
Amit Ltd., a registered supplier, is engaged in manufacturing activity. It also gives job work to other units. It purchased raw materials on 5 th June, 2018 for ₹ 2 lakhs (+GST @ 1
Determine (with brief reason) the time of supply of goods in the following cases, where the supply involves movement of goods (in one lot): Case No. Date of removal of goods Date o
State with reasons, whether the following statements are true or false under GST law: Rectification of Advance Ruling must be made within 3 months of the date of order.
State with reasons, whether the following statements are true or false under GST law: Supply of newspaper in trains shall be taxed at 'nil' rate of GST.
State with reasons, whether the following statements are true or false under GST law: While doing repair of furniture of a company, GST was paid on wood, board, mica, paint etc.; t
State with reasons, whether the following statements are true or false under GST law: A person aggrieved by the order passed by the adjudicating authority must file appeal to the a
State with reasons, whether the following statements are true or false under GST law: Expenditure incurred on construction of factory building is ₹ 18,40,000 including GST of ₹ 2,8
Gopal Das & Co., Kolkata is a manufacturer and is a registered supplier (under regular scheme). It furnishes the following details for the tax period ended on 31st March, 2019: (i)
Jogiram (P) Ltd. claimed ITC of ₹ 2,50,000 with an intention to defraud the Revenue. What is the rate of interest at which the liability could be discharged voluntarily ? Can the R
State whether the following are supply of goods/services, as per GST law, with brief reasons: Mr. X availed the architectural services of his son living in France (free of cost) fo
State whether the following are supply of goods/services, as per GST law, with brief reasons: Scrap of machinery destroyed by fire handed over to insurance company for settlement o
State whether the following are supply of goods/services, as per GST law, with brief reasons: Lease of land for two wheeler parking stand.
State whether the following are supply of goods/services, as per GST law, with brief reasons: Permitting use of registered patent for annual fee.
State whether the following are supply of goods/services, as per GST law, with brief reasons: Transfer of tenancy right by executing and registering a document.
Bharat Ltd., a registered supplier under the regular scheme, is engaged in manufacture of electronic items. The following details for the month of March, 2019 are available: Item G
Decide the following transactions in the context of GST law: When would a discount be excluded from the value of supply? Will secondary discount issued for goods supplied be reduce
Decide the following transactions in the context of GST law: Determination of value of supply when TCS under Income-tax Act, 1961 is charged separately in the invoice.
Ganga Co. Ltd. commenced business on 01-07-2018. It applied for registration on 05-08-2018. The registration was granted on 07-08-2018. What is the effective date of registration?
State which of the following is composite supply or mixed supply under the GST law: Sale of car with warranty coverage.
State which of the following is composite supply or mixed supply under the GST law: Gift pack with chocolates and books.
State which of the following is composite supply or mixed supply under the GST law: Sale of Refrigerator with power stabilizer.
State which of the following is composite supply or mixed supply under the GST law: Hotel accommodation with complimentary breakfast.
State which of the following is composite supply or mixed supply under the GST law: Doctor providing consultancy and dispensing medicines.
Tex Mark Inc. of USA, established a liaison office in Mumbai for the purpose of liaisoning with the suppliers for purchase of raw materials. The purchase orders or contracts were e
Briefly explain about apportionment of credit and blocked credits under section 17 of the CGST Act.
State with brief reasons whether the following are true or false; as per GST law: When the refund is issued beyond 60 days from the date of application, interest is payable @ 8% pe
State with brief reasons whether the following are true or false; as per GST law: Final return has to be furnished within 3 months of the date of order of cancellation of registrat
State with brief reasons whether the following are true or false; as per GST law: Commissioner can grant time for payment of GST liability in maximum of 20 instalments for the self
State with brief reasons whether the following are true or false; as per GST law: Under section 10, the 'due date for' filing return by a registered person is 20 days after the end
State with brief reasons whether the following are true or false; as per GST law: Rendering service by way of fumigation in a warehouse of agricultural produce is exempted service.
With brief reasons, state whether the following will attract GST levy: Lodging accommodation with room tariff @ ₹ 900 per day.
With brief reasons, state whether the following will attract GST levy: SKT & Co. transporting textile goods thro ESSEM Transport Agency by paying ₹ 700 per bundle and sending 10 bu
With brief reasons, state whether the following will attract GST levy: Kaziranga National Park collecting ₹ 200 per person as entrance fee.
With brief reasons, state whether the following will attract GST levy: Muthu Lab is a pathological lab owned by Muthu. He is a post-graduate in Microbiology. He collects fees for s
With brief reasons, state whether the following will attract GST levy: Samy Transports carried agricultural produce i.e. turmeric from villages to town (markets) by charging ₹ 2,00
Badrinath Filters Ltd., a registered supplier of industrial air filters, is required to send from Mumbai (Maharashtra), a consignment of parts of air filters to be replaced under w
Ms. Poorvisha has exported some goods to Sydney, Australia. She provides the following details to you : (i) CIF value of the goods = AUD 210,000. (ii) FOB price of goods : (Austral
ABC Ltd., an exporter whose export turnover for the year ended 31st March, 2019 is ₹ 20.00 Lakhs, approaches you to discuss the conditions to be complied to become a Status Holder
Discuss in brief some distinguishing features of General Anti-Avoidance Rules (GAAR) and Specific Anti-Avoidance Rules (SAAR).
Under what circumstances can Unilateral Relief be granted to avoid Double Taxation under section 91 of Income Tax Act 1961?
Discuss in brief a few benefits derived from the Safe Harbour Rules, relating to the transfer pricing regulations.
XYZ Ltd., a foreign company, has its head office at USA. The Board of Directors (BOD) meetings are held in USA. However, the Board of Directors has delegated major powers to a comm
XYZ Ltd., a foreign company, has its head office at USA. The Board of Directors (BOD) meetings are held in USA. However, the Board of Directors has delegated major powers to a comm
Discuss the factors to be considered by the Assessing Officer while selecting the appropriate transfer pricing method.
ABC & Co. is a partnership firm consisting of four partners. The partnership deed provides for remuneration of ₹ 4,00,000 to partners and interest to partners at 12%. Profit for th
Define Tax Treaty. Discuss the principal objectives of Indian Tax Treaties.
ABC Ltd. proposes to sell one unit XYZ which was set up in 2010 (out of 10 units) and is not related to company's main line of business. Total consideration for sale of XYZ unit as
ABC Ltd. is a foreign subsidiary company of XYZ Ltd. XYZ Ltd. sells refrigerators to ABC Ltd. at a price of ₹ 10,000 each for sale to its dealers in Singapore. In other States, XYZ
X Ltd. is a resident company engaged in garment manufacturing at Kolkata. The Profit & Loss Account has been prepared in accordance with Schedule III of the Companies Act, 2013. Ne
ABC Ltd. is a public limited company but shares are not listed in any stock exchange in India as on 31st Dec., 2018. On 1st Jan., 2019, the company issued 10 lakh shares of face va

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