CS Professional Advanced Tax Laws PYQ December 2022: Question Paper and Available Answers

CS Professional Advanced Tax Laws PYQS Series December 2022 54 Questions Indexed

ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Professional Advanced Tax Laws PYQS (December 2022). 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

Sukesh Private Ltd., registered in Uttar Pradesh, is engaged in supplying of services, its turnover was ₹ 30 lakh in the financial year 2020-21. It has provided the following infor
Aditi Company Ltd. is engaged in the manufacturing of heavy machinery. It procured the following items during the month of April, 2022: S. No. Items GST Paid (₹) (i) Electrical tra
Suncity Private Ltd., a manufacturer registered in the state of Rajasthan, sold synthetic cloth to a retail seller in Maharashtra, at a value of ₹ 49,000 (excluding IGST leviable @
Suncity Private Ltd., a manufacturer registered in the state of Rajasthan, sold synthetic cloth to a retail seller in Maharashtra, at a value of ₹ 49,000 (excluding IGST leviable @
Suncity Private Ltd., a manufacturer registered in the state of Rajasthan, sold synthetic cloth to a retail seller in Maharashtra, at a value of ₹ 49,000 (excluding IGST leviable @
RP Manufacturers Ltd., registered in Mumbai (Maharashtra), is a manufacturer of footwear. It imports a footwear making machine from USA. RP Manufacturers Ltd. enters into a contrac
Determine the place of supply according to IGST Act, 2017 in the following independent cases: (i) Suresh (New Delhi) boards the New Delhi-Udaipur train at New Delhi. Suresh sells t
Determine the place of supply according to IGST Act, 2017 in the following independent cases: (ii) Ajay Spinners Ltd. imports electric food processors from USA for its Kitchen Stor
Determine the place of supply according to IGST Act, 2017 in the following independent cases: (iii) Amit, a manager in a bank is transferred from Bareilly, Uttar Pradesh to Bhopal,
Determine the place of supply according to IGST Act, 2017 in the following independent cases: (iv) Baldev, a resident of Jaipur, opens his saving account in Jaipur branch of a nati
Determine the place of supply according to IGST Act, 2017 in the following independent cases: (v) Chandrasekhar, an architect (New Delhi), enters into a contract with John of New Y
Virat rents out a commercial building owned by him to Rohit for the month of October 2021, for which he charges a rent of ₹ 20,00,000. Virat paid the maintenance charges of ₹ 1,00,
From the following information of independent cases, your expert advice, with appropriate reasoning is sought on the applicability of TDS/TCS provisions of the CGST Act, 2017. You
From the following information of independent cases, your expert advice, with appropriate reasoning is sought on the applicability of TDS/TCS provisions of the CGST Act, 2017. You
"A Registered person opted for composition scheme under section 10(1) of the CGST Act, 2017 cannot provide supply of any service either outward or inward service". Discuss the vali
Determine the time of supply under CGST Act, 2017 by giving reason in brief in the following independent cases assuming that GST is payable under reverse charge mechanism (RCM): S.
What are the matters on which advance ruling can be sought under GST law ?
Anil, a retailer who keeps zero inventories, presents the following expected information for the year: (a) Purchase of goods: ₹ 50 lakh (GST @ 5% extra) (b) Sales (at fixed selling
Raj, a registered supplier, runs a general store in Bhilwara, Rajasthan. Some of the goods sold by him are exempt whereas some are taxable. You are required to advise him on the fo
Raj, a registered supplier, runs a general store in Bhilwara, Rajasthan. Some of the goods sold by him are exempt whereas some are taxable. You are required to advise him on the fo
Raj, a registered supplier, runs a general store in Bhilwara, Rajasthan. Some of the goods sold by him are exempt whereas some are taxable. You are required to advise him on the fo
From the following details of April, 2022, calculate the amount to be paid, for release of goods detained or seized u/s 129 of the CGST Act, 2017, if owner of the goods does not co
Explain circumstances when the Proper Officer can cancel registration under GST laws on his own.
Ghumte Raho Ltd, a tour operator, availed input tax credit (ITC) in respect of certain transactions where no such supplier was existent or from a person not doing any business from
Ghumte Raho Ltd, a tour operator, availed input tax credit (ITC) in respect of certain transactions where no such supplier was existent or from a person not doing any business from
Discuss the provisions relating to issue of an invoice/document in the following circumstances under GST law : (i) Advance payment is received against a supply, but subsequently no
Discuss the provisions relating to issue of an invoice/document in the following circumstances under GST law : (ii) Goods are sent on approval for sale or return basis and are remo
Discuss the provisions relating to issue of an invoice/document in the following circumstances under GST law : (iii) Miss Dhanvi provides continuous supply of services to her clien
J & Co. self-assessed its tax liability as ₹ 80,000 for the month of April, 2022 but failed to make the payment. Subsequently the Department initiated penal proceedings against J &
Mrs. Nandini, an Indian resident who was on a visit to London, returned after 45 days. She was carrying with her the following items: S. No. Particulars Amount (₹) (i) Personal eff
What will be the dates of commencement of the definitive anti-dumping duty in the following cases under Section 9A of the Customs Tariff Act, 1975 and the rules made thereunder : (
What will be the dates of commencement of the definitive anti-dumping duty in the following cases under Section 9A of the Customs Tariff Act, 1975 and the rules made thereunder : (
What will be the dates of commencement of the definitive anti-dumping duty in the following cases under Section 9A of the Customs Tariff Act, 1975 and the rules made thereunder : (
With reference to Income Tax Act, 1961, compare the benefits available, where the asset is acquired on lease and assets purchase from own fund.
The net result of the business carried on by a branch of foreign company in India for the year ended 31st March, 2022 was at a loss of ₹ 150 lakh after charging off head office exp
On 31st December, 2021, Miss Saroj paid a sum of 6,000 USD to Samarveera, a management consultant practicing in Tokyo (Japan), specializing in project financing. The payment was ma
With reference to Income Tax Act, 1961, briefly discuss the difference between General Anti Avoidance Rules 'GAAR' and Specific Anti Avoidance Rules 'SAAR'.
"Liaison office maintained in India to explore the opportunity of business in India does not constitute business connection". In the context of provisions contained in the Income T
SKK Pvt. Ltd. has prepared its Statement of Profit and Loss as per Schedule III to the Companies Act, 2013. The net profit for the year ended 31st March, 2022 as per Statement of P
With reference to the Income Tax Act, 1961, discuss whether the following acts can be considered as tax evasion, tax avoidance, tax planning, tax management or otherwise for the as
With reference to the Income Tax Act, 1961, discuss whether the following acts can be considered as tax evasion, tax avoidance, tax planning, tax management or otherwise for the as
With reference to the Income Tax Act, 1961, discuss whether the following acts can be considered as tax evasion, tax avoidance, tax planning, tax management or otherwise for the as
With reference to the Income Tax Act, 1961, discuss whether the following acts can be considered as tax evasion, tax avoidance, tax planning, tax management or otherwise for the as
With reference to the Income Tax Act, 1961, discuss whether the following acts can be considered as tax evasion, tax avoidance, tax planning, tax management or otherwise for the as
The Assessing Officer have to consider some factors while selecting the appropriate transfer pricing method. Discuss those factors in brief.
Sanjay, a resident of India received gifts during the financial year 2021-22 as follows: (a) ₹ 40,000 from his elder brother residing in Jaipur, You need to advice Sanjay with rega
Sanjay, a resident of India received gifts during the financial year 2021-22 as follows: (b) ₹ 1,99,000 from his friend residing in USA You need to advice Sanjay with regard to tax
Sanjay, a resident of India received gifts during the financial year 2021-22 as follows: (c) ₹ 49,000 from his friend residing in New Delhi (received on the occasion of birthday of
Sanjay, a resident of India received gifts during the financial year 2021-22 as follows: (d) Shares received from his father, the fair market value (i.e. value as per stock exchang
Sanjay, a resident of India received gifts during the financial year 2021-22 as follows: (e) ₹ 60,000 from his friend residing in Mumbai (received on the occasion of marriage of Sa
K Ltd., a public company incorporated under the Companies Act, 2013 has two units-one engaged in manufacture and the other involved in service. As the company is planning for restr
State with brief reasons, which method of determination of Arm's Length Price (ALP) will be most appropriate in the following cases: (a) AY Ltd., Bengaluru provided identical call
State with brief reasons, which method of determination of Arm's Length Price (ALP) will be most appropriate in the following cases: (b) B Co. Ltd., Mumbai is engaged in manufactur
State with brief reasons, which method of determination of Arm's Length Price (ALP) will be most appropriate in the following cases: (c) JEF Co. Ltd., is engaged in manufacture of

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