DCM2201 INDIRECT TAXES

Description

SESSION	MARCH 2025
PROGRAM	BACHELOR OF COMMERCE (B.COM)
SEMESTER	IV
COURSE CODE & NAME	DCM2201 INDIRECT TAXES

 

 

Set – 1

 

 

Q1.

1. Determine the place of supply of goods in the following cases with example

• Supply does not involve movement of goods
• Goods assembled or installed at site
• Goods supplied on board a conveyance
• Supply involves the movement of goods

 

2. The following supplies are provided for your consideration:

• Renting of immovable property.
• Goods forming part of business assets are transferred or disposed of by/under the direction of person carrying on the business, whether or not for consideration.
• Transfer of right in goods without transfer of title in goods.
• Transfer of title in goods under an agreement which stipulates that property shall pass at a future date.
• Construction of building.

State whether the above supplies would be treated as supply of goods or supply of services as per Schedule II of the CGST Act 2017.

Ans 1.

1. Determination of Place of Supply of Goods under Various Circumstances

Supply That Does Not Involve Movement of Goods

In cases where goods are supplied without any movement, the place of supply is the location of goods at the time of delivery to the recipient. This typically applies when goods are sold directly from a shop, warehouse, or a showroom and the buyer takes possession without transportation. For example, if a customer purchases furniture from a store in Mumbai and takes it with him, the place

Its Half solved only

Buy Complete from our online store

 

https://smuassignment.in/online-store/

 

MUJ Fully solved assignment available for session Jan-Feb-March-April 2025.

 

Lowest price guarantee with quality.

Charges INR 198 only per assignment. For more information you can get via mail or Whats app also

Mail id is aapkieducation@gmail.com

 

Our website www.smuassignment.in

After mail, we will reply you instant or maximum

1 hour.

Otherwise you can also contact on our

whatsapp no 8791490301.

 

2. Classification of Supplies as Goods or Services Under Schedule II of CGST Act, 2017

Renting of Immovable Property

According to Schedule II of the CGST Act, the renting of immovable property is considered a supply of services. This includes lease, tenancy, easement, or any license to occupy land or a building. It does not involve the transfer of ownership, hence treated as a service for tax purposes.

Disposal of Business Assets Without Consideration

When goods forming part of business assets

 

 

Q2. (1) Explain the concept of Dual GST structure.

 (2) Shri Kant a registered supplier of Delhi, has supplied 20,000 packages at Rs. 30     (exclusive of tax) each to M/S Gift shop in Punjab. Each package consists of 2 chocolates, 2 fruit juice bottles and 1 packet of toy balloons. The tax rate being Chocolates 18%, Fruit juice bottles 12%, Toy balloons 5%.

Find the types of supply, tax rate applicable and calculation of tax liability.

Ans 2.

(1) Concept of Dual GST Structure (300 words)

The Dual GST structure is a fundamental feature of the Indian Goods and Services Tax (GST) system, introduced through the 101st Constitutional Amendment Act, 2016. Under this structure, both the Central Government and the State Governments have the power to levy and collect taxes on a common base —

 

 

Q3. The following are the particulars of NCR Tyers (Dealer of Tyers) for the month of December 2024

Particulars	Amount in (Rs.)
Charges of wheel alignment	250000
Charges for wheel balancing	1,50,000
Following amounts realized for repairing of cars	4,60,300
Labour Charges      Rs. 175000 Tyres replaced        Rs. 285300
Amount charged for alloy wheels	712000

Determine the taxable value of supply of goods / services. GST is 18%.

Explain the time of supply of goods in case of forward charge and reverse charge with example.

Ans 3.

Taxable Value of Supply of Goods and Services for NCR Tyres (December 2024)

To compute the taxable value of supply, we must include all amounts received against supply of goods or services that fall within the scope of “supply” under Section 7 of the CGST Act, 2017. As per the data provided, NCR Tyres engages in multiple transactions involving both services and goods.

Breakdown of Transactions:

1. Charges of Wheel

 

Set – 2

 

 

Q1.  Describe the concept of bill of supply and tax invoice

Explain the various types of Return under GST.

Ans 4.

Concept of Bill of Supply and Tax Invoice

Meaning and Purpose of Tax Invoice

A tax invoice is a legal document issued by a registered supplier when a taxable supply of goods or services is made under GST. It serves as proof of sale and allows the recipient to claim Input Tax Credit (ITC). As per Section 31 of the CGST Act, a registered person supplying taxable goods must issue a tax invoice before or at the time of removal of goods. For services, it must be issued within 30 days of providing the service. A tax invoice must contain details like GSTIN, name and address of supplier and buyer, description of goods/services, quantity, rate,

 

Q2.  Explain the provision related to cancellation of Registration as per role 21A and 21(A) (2A).

Illustrate the concept of ITC with Example

Cancellation of GST Registration and the Concept of Input Tax Credit (ITC)

Provision Related to Cancellation of Registration under Rule 21A and 21A(2A)

Under the CGST Rules, Rule 21A empowers the proper officer to suspend the GST registration of a person under certain circumstances. This provision serves as an interim safeguard when the officer believes that the registration is liable to be cancelled under Section 29 of the CGST Act. During suspension, the taxpayer cannot make any taxable supply or issue a tax

 

 

Q3. Write a note on

Role of customs act in international trade

Letter of Credit

Ans 3.

Role of Customs Act in International Trade and the Concept of Letter of Credit

Role of the Customs Act in International Trade

The Customs Act, 1962 plays a critical role in regulating international trade in India. It governs the import and export of goods and ensures the lawful entry and exit of goods across Indian borders. One of its primary functions is to levy and collect customs duties on goods entering or leaving the country. This serves both revenue and regulatory purposes, helping the government monitor the