CS Professional Advanced Tax Laws PYQ June 2023: Question Paper and Available Answers

CS Professional Advanced Tax Laws PYQS Series June 2023 52 Questions Indexed

ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Professional Advanced Tax Laws PYQS (June 2023). 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

Vimal Ltd. received the following services from the Government of India during the taxable period (1st April, 2022 to 31st March, 2023): (i) Received a registration certificate req
Find out the Time of Supply in the following cases in which GST is payable under reverse charge basis: Date of receipt of goods/services Date of payment by recipient of goods/servi
Classify the following supplies into mixed supply and composite supply: (i) Train ticket including meals supply (ii) Supply of health care services along with consumables and medic
Rohan is engaged in a variety of businesses at Chennai, Tamil Nadu. He has furnished the following information with regard to the supplies made in the month January: Particulars ₹
Risk Free Ltd. is providing life insurance services to subscribers. It is the policy of the company not to intimate the amount allocated for investment to the subscribers at the ti
Jambu Agencies a registered supplier of goods and services, in Chennai has furnished the following information for the month of February: S. No. Particulars Amount (₹) (i) Rent rec
Comment on the liability to get registered under the GST law in the given independent situations for financial year 2022-23. Your answer should also include relevant provisions of
Comment on the liability to get registered under the GST law in the given independent situations for financial year 2022-23. Your answer should also include relevant provisions of
Comment on the liability to get registered under the GST law in the given independent situations for financial year 2022-23. Your answer should also include relevant provisions of
Comment on the liability to get registered under the GST law in the given independent situations for financial year 2022-23. Your answer should also include relevant provisions of
Discuss the validity period of an e-way bill. Who can extend the validity period of e-way bill and what is the time limit within which such extension is valid?
Jai Hind Ltd. a manufacturing company in Delhi has opted for composition scheme furnishes you the following information for the financial year 2022-23. You are required to compute
Jai Hind Ltd. wants to start another unit in Jaipur (Rajasthan) where the company wants to obtain GST registration under Normal scheme to take advantage of ITC. Can it do so?
Ashok Traders, a sole proprietary concern is engaging in the supply of exempted and taxable goods within Kerala only. The following are the sales made by the dealer in the month of
Ashok Traders, a sole proprietary concern is engaging in the supply of exempted and taxable goods within Kerala only. The following are the sales made by the dealer in the month of
Ashok Traders, a sole proprietary concern is engaging in the supply of exempted and taxable goods within Kerala only. The following are the sales made by the dealer in the month of
Write a detailed note on Special Audit under Section 66 of the CGST Act, 2017.
NR, a non-resident individual wants to provide taxable supply of goods. He has no fixed place of business or residence in India. He seeks your advice on the following aspects in th
NR, a non-resident individual wants to provide taxable supply of goods. He has no fixed place of business or residence in India. He seeks your advice on the following aspects in th
NR, a non-resident individual wants to provide taxable supply of goods. He has no fixed place of business or residence in India. He seeks your advice on the following aspects in th
NR, a non-resident individual wants to provide taxable supply of goods. He has no fixed place of business or residence in India. He seeks your advice on the following aspects in th
NR, a non-resident individual wants to provide taxable supply of goods. He has no fixed place of business or residence in India. He seeks your advice on the following aspects in th
Discuss the comparative analysis of Sections 73 and 74 of the CGST Act, 2017 with respect to the applicability of the sections, time limit to issue notice by proper officer, time l
Who shall be responsible for the correctness of the particulars furnished in a return filed by a GST practitioner? What will be the penalty in case of negligence on the part of the
Following are the mistakes noted in the tax invoices issued by Jaipure Ltd., during the month of March, 2023: (i) Due to wrong HSN code being chosen while preparing invoice, an act
Following are the mistakes noted in the tax invoices issued by Jaipure Ltd., during the month of March, 2023: (i) Due to wrong HSN code being chosen while preparing invoice, an act
Following are the mistakes noted in the tax invoices issued by Jaipure Ltd., during the month of March, 2023: (i) Due to wrong HSN code being chosen while preparing invoice, an act
Agilitive Appliances Ltd. a registered supplier of refrigerators, is required to send from Chennai (Tamil Nadu) a consignment of spare parts of refrigerators, to be replaced under
What is OIDAR? Who will be responsible for paying tax in case of OIDAR?
Anand and his wife (Indian residents aged 30 and 32 years respectively) visited USA for some business prospects and wanted to settle in USA. After being there for a month, they bro
Maruthi car decorators imported car accessories from China. They seek your opinion on the following issues : (i) 10 audio systems were pilfered before unloading and before the prop
Maruthi car decorators imported car accessories from China. They seek your opinion on the following issues : (ii) 10 gear lines were pilfered after unloading and before the proper
Maruthi car decorators imported car accessories from China. They seek your opinion on the following issues : (iii) 10 decorative steering wheels were damaged after unloading and ex
Mishra, a resident Indian earned some income outside India from country P. India has not entered into any DTAA with the country P. Examine whether Mishra will be allowed with any c
What is Advance Pricing Agreement? How long the agreement is valid? Can the agreement be declared as void during the agreement period?
Explain the purpose of Tax Information Exchange Agreements (TIEAs)?
Satish is the director of Games Pvt. Ltd. holds 75% of its paid up capital of ₹10 lakh. The balance as at 31st March, 2022 in general reserve was ₹15 lakh. The company on 1st April
From the following particulars, compute the taxable income for assessment year 2023-24 of a partnership firm engaged in retail trade: (i) Net profit of ₹3,95,000 arrived at after d
GA Ltd., a German automobile company manufactures an important component used in SUV cars. It has a subsidiary S Ltd. in India. GA Ltd. sells the components @ ₹22,000 p.u. to S Ltd
Analyze the following situations and find out whether the entities are deemed associated enterprises or not: (i) A Inc., an American Company has a total loan of 20 lakh dollars wit
Analyze the following situations and find out whether the entities are deemed associated enterprises or not: (ii) In the Board of Directors of C Ltd., there are 12 Directors. Out o
Analyze the following situations and find out whether the entities are deemed associated enterprises or not: (iii) E Ltd. directly participated in the management of F Ltd. and F Lt
Analyze the following situations and find out whether the entities are deemed associated enterprises or not: (iv) H Ltd. holds 30% of voting power in I Ltd., and I Ltd., holds 75%
Analyze the following situations and find out whether the entities are deemed associated enterprises or not: (v) K Ltd. has total assets having a book value of ₹200 crores. For K L
Explain the various methods of Advance Pricing Agreement (APA). Specify the validity period of an Advance Pricing Agreement.
Explain the primary factors taken into account in the process of determination of Place of Effective Management (POEM).
State with reasons whether the following acts can be considered as Tax Planning or Tax Management or Tax Evasion? (i) A Partnership firm made a payment of ₹70,000 towards purchase
State with reasons whether the following acts can be considered as Tax Planning or Tax Management or Tax Evasion? (ii) An individual assessee deposits a sum of ₹20,000 in the name
State with reasons whether the following acts can be considered as Tax Planning or Tax Management or Tax Evasion? (iii) Raja an individual, engaged in business pays his wife as sal
State with reasons whether the following acts can be considered as Tax Planning or Tax Management or Tax Evasion? (iv) S Finance Ltd. obtains Form 60 in lieu of PAN card from all i
State with reasons whether the following acts can be considered as Tax Planning or Tax Management or Tax Evasion? (v) X Ltd. engaged in manufacturing business has opened a 3 star h
ANZ Ltd. is a resident company. Its profit and loss account for the year ended 31st March, 2023 shows a net profit of ₹2 crore after debiting/crediting the following items: Items A

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