Gautam Sharma has obtained registration under GST on 1st May, 2023 in the state of Uttar Pradesh. He has received the following amounts in respect of the activities undertaken by him in the month of May, 2023: S. No. | P

Computation of Net GST Payable by Gautam Sharma for May, 2023: Sr. No. Particulars Taxable Value (₹) CGST (₹) SGST (₹) (i) Commission received as an insurance agent from Life Insurance Corporation of India (LIC). (Tax is payable under Reverse Charge Mechanism by insurance company, i.e. LIC) under section 9(3) of Central Goods and Services Tax Act, 2017. - - - (ii) Service provided to recognized sports body as a commentator. [Services provided to a recognized sports body by an individual only as a player, referee, umpire, coach or team manager for participation in a sporting event organized by a recognized sports body are exempt from GST vide exemption notification. Hence service provided by commentator is taxable under Goods & Services Tax]. 4,12,000 37,080 37,080 (iii) Services by way of electrically operated buses given on hire to Municipality. [Services by way of given on hire to a local authority, an Electrically Operated Vehicle (EOV) meant to carry more than 12 passengers are exempt. Hence, services of giving electrically operated buses on hire to Municipal Corporation are exempt from GST. - - - (iv) Professional services provided at free of cost. [Not a supply as it is made without consideration and is also not covered in Schedule I because sister being independent is not a related person as she belongs to a different family]. - - - Total Goods & Services Tax Payable 4,12,000 37,080 37,080