CS Professional Advanced Tax Laws PYQ December 2020: Question Paper and Available Answers

CS Professional Advanced Tax Laws PYQS Series December 2020 39 Questions Indexed

ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Professional Advanced Tax Laws PYQS (December 2020). 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

Determine the amount of Input Tax Credit (ITC) admissible under the provisions of CGST Act, 2017 to PQR Ltd in respect of the following transactions which have taken place in the m
Romeo Small Finance Bank Ltd is engaged in providing financial related services and of various types of loan facilities to its constituents, furnishes the following information rel
Examine the correctness or otherwise of the following statements in accordance with the provisions of GST Act, 2017 and support your answer by giving brief reasons: (i) The composi
Examine the correctness or otherwise of the following statements in accordance with the provisions of GST Act, 2017 and support your answer by giving brief reasons: (ii) A taxable
Examine the correctness or otherwise of the following statements in accordance with the provisions of GST Act, 2017 and support your answer by giving brief reasons: (iii) A taxable
Examine the correctness or otherwise of the following statements in accordance with the provisions of GST Act, 2017 and support your answer by giving brief reasons: (iv) Compositio
Examine the correctness or otherwise of the following statements in accordance with the provisions of GST Act, 2017 and support your answer by giving brief reasons: (v) Composition
Ram Bharose, intends to start business of supply and selling of the specified goods in Delhi as proprietor. However, he is not able to determine because of the complexity of the pr
Ram Bharose, intends to start business of supply and selling of the specified goods in Delhi as proprietor. However, he is not able to determine because of the complexity of the pr
PQR Travels Ltd. engaged in providing diversified services of transportation of passengers by various modes provides the details of the various services so provided to the passenge
Anand Kumar, a regular tax payer, filed his return of outward supplies (GSTR-1) for the month of August, 2019 before the due date. Later on, in February, 2020 he discovered certain
Radhey Gobind & Co engaged in the wholesale business particularly dealing in the product of which supply was exempt from tax under GST. Subsequently, tax was imposed on the sale of
A show cause notice (SCN) indicating various discrepancies was issued by the proper officer to a registered person. However, the registered person despite opportunity given, failed
Destiny Advertising Agency, Ahemdabad supplying services to different customers for making booking of advertisements in different media, provides the following details and of the a
Trident Beauty Cosmetics Ltd operating multiple wholesale outlets of cosmetic products in different suburbs in Mumbai, Maharashtra received an order worth ₹ 3,54,000 (inclusive of
A show cause notice (SCN) under section 73(1) of the CGST Act, 2017 is being proposed to be issued to Evergreen Farm Technologies Pvt. Ltd on 31.07.2023 on account of short payment
When can Summary Assessment order be made by the proper Officer under the provisions of the CGST Act, 2017? Can such an order be requested to be withdrawn and if yes, then how and
Examine by giving reasons in brief in the context of provisions contained under the CGST Act, 2017 as to taxability or otherwise of the following independent supply of services: (i
Examine by giving reasons in brief in the context of provisions contained under the CGST Act, 2017 as to taxability or otherwise of the following independent supply of services: (i
Determine the time of supply (TOS) by giving reason in brief in each of the following cases in accordance with the provisions in CGST Act, 2017: No. Date of completion of service D
Ram Avtar resident of Nagpur has entered into a roll over contract approached NDMC Bank Ltd on 12-01-2020 for selling US $ 4,50,000 at the rate of ₹ 75 per USD. RBI reference rate
Discuss and explain in brief the provisions relating to refund of the amount of advance tax deposited by a casual taxable person under section 27(2) of the CGST Act, 2017.
The proper officer under the CGST Act, 2017 can authorize arrest of any person under section 69 of the CGST Act, 2017. State all those situations when the proper officer can author
Ram Ratan who has imported a machine from UK in India provides the following information and details relating to such machine and requests you to compute the assessable value and o
Specify all those conditions which are required to be satisfied for imposing countervailing duty on the subsidized articles as specified in section 9 of the Customs Tariff Act, 196
Chetan Lal had borrowed on Hundi a sum of ₹ 25,000 by way of a bearer cheque on 11.09.2019 and repaid the same with interest in total amounting to ₹ 30,000 by account payee cheque
The concept of Permanent Establishment is important in determining the tax implications of cross border transactions. Examine the significance thereof (PE), when such transactions
How and when a unilateral Advance Pricing Agreement (APA) entered into can be converted into a bilateral APA?
What is the legislative intent/objective of bringing into existence the provisions relating to transfer pricing in relation to international transactions ? Explain the statement in
The Assessing Officer can complete the assessment of income from international transactions in disregard of the order passed by the Transfer Pricing Officer (TPO) by accepting the
Examine in the context of provisions contained under the Income Tax Act, 1961 in each of the following independent cases and state in brief whether there exists business connection
Examine in the context of provisions contained under the Income Tax Act, 1961 in each of the following independent cases and state in brief whether there exists business connection
Examine in the context of provisions contained under the Income Tax Act, 1961 in each of the following independent cases and state in brief whether there exists business connection
Explain the taxability or otherwise of the following transactions entered into during the previous year 2019-20 in the hands of the recipients as per provisions contained under the
Explain the taxability or otherwise of the following transactions entered into during the previous year 2019-20 in the hands of the recipients as per provisions contained under the
Examine in brief the doctrine of "form and substance" in the context of tax planning under the Income Tax Act, 1961. Support your answer with the decided court cases explaining the
What do you understand by the term double taxation? Discuss the connecting factors which lead to double taxation of an income.
"Live Tele Films" is a UK base foreign company not having any Indian citizen/ resident of India holding its shares. It has shot a TV film during the year ended on 31-03-2020 entire
XYZ Ltd took over the running business of a sole-proprietor by a sale deed. As per terms of the sale deed, XYZ Ltd required to pay overriding charges of ₹75,000 p.a. to the wife of

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