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GSTP: Model Exam Paper-7, by What’s App ,dt.16.11.18.

ANSWERS TO Q.PAPER 6.DT.15.11.18.

Q.1 (a), Q.2 (b), Q.3 (a), Q.4 (d), Q.5 (d), Q.6 a), Q.7 (b), Q.8(c), Q.9 (a), Q.10 (a), Q.11 (b), Q.12 (a),

Q.13 (c) , Q.14 (b), Q.15 (a), Q16 (b), Q.17 (c), Q.18 (d), Q.19 (a), Q.20 (a), Q.21 (a), Q..22 (b), Q.23 (a)

Q.24 (c), Q.25 (c).

Model Question Paper.7.Dt.16.11.18:

Q.1.IGST in case of imports shall be levied on value determined under-------------------?

(a). Section 3 of Customs Tariff Act,

(b). Section 15 of CGST Act

(c ). Section 1 of IGST Act

(d). Any one of the above options

Q.2. Supply from warehouse for storage of duty free ship stores to Naval ships, ocean going merchant
ships is ----------------?

(a). Subject to IGST

(b). Not subject to tax

(c). Not Taxable

(d). CGST plus nearest state tax shall be payable

Q.3. Fixed establishment means---------------?

(a). Registered place of business

(b ). Other than registered place of business

(c ). Both (a) & (b)

(d). None of the above

Q.4. Fixed establishment is characterized by :

A. Sufficient degree of permanence

B. Suitable structure in terms of human & technical resources

C. To supply or receive & use services for its own needs


Which is the correct option of the above question?

(a). A&B are correct

(b). A,B,&C correct

(c ). B&C are correct

(d). None of the statements are correct

Q.5. Place of business includes------------------?

(a). Warehouse

(b). Godown

(c ). Any place where the person stores goods

(d). None of the above

Q.6.Maintennce & repair service provided within territorial waters to marine vessels owned by foreign
companies is-----------------?

(a). Not export of service even if payment is received in forex

(b). Not export of service if payment is received in Indian Rupees

(c ). Export of service if payment is received in forex

(d). Export of service even if payment is received in INR

Q.7. Mr. Kumar from Delhi provides interior designing services to Mr. Sanjay Kumar (Mumbai). The
property is located in Ooty (Tamil Nadu ), What will be the place of supply?

(a). Delhi

(b). Mumbai

(c ). Tamil Nadu

(d). None o fthe above

Q.8.The time of supply fixes the point when the ------------------- to/of GST arises?

(a). Liability

(b). Payment

(c ). Provision
(d). Recovery

Q.9. An agent is included in the definition of supplier?

(a). True

(b). False

(c ). In case of goods only

(d). In case of services only

Q.10 Reverse charge means the liability to pay tax by the ---------------- of goods or services or both
instated of the ---------------------- of such goods or services or both?

(a). Recipient, Supplier

(b). Recipient, Agent

(c ). Supplier, Recipient

(d).Agent, recipient

Q.11. What would be the time of supply in case of advance received?

(a). 15-07-2017

(b).25-07-2017

(c ). 30.08.2017

(d). 10.09.2017

Q.12. What would be the time of supply in case of the balance payment?

(a). 15.07.2017

(b). ).25-07-2017

(c ). 30.08.2017

(d). 10.09.2017
Q.13. What is the time of supply of goods in residuary cases, in case where a periodical return has to be
filed?

(a). Date on which return is to be filled

(b). Actual date of filing of return

(c ). Date of payment of tax

(d). Date of collection of tax

Q.14. Which section governs the provision for determining time of supply in case of change in rate of
tax?

(a). Section 12

(b). Section 13

(c ). Section 14

(d). Section 15

Q.15. In which of the following situations “New Rate “ shall be applicable?

(a). When the goods have been supplied before the change in rate of tax but issue of invoice and receipt
of payment is after the change in rate of tax.
(b). When the goods have been supplied after the change in rate of tax but issue of invoice and receipt
of payment is before the change in rate of tax.
(c). When the supply of goods and issue of invoice has been done before the change in rate of tax but
issue invoice is after the change in rate of tax.
(d). When the supply of goods and receipt of payment has been done before the change in rate of tax
but issue of invoice is after the change in rate of tax.

Q.16. The relaxation of non-payment of taxes on the advance receipt is only to the supplier of goods &
not to the providers of services?
(a). Correct
(b). Incorrect
(c ). Partially correct
(d). None of the above

Q.17. What shall be the time of supply where services are supplied online?
(a). No separate provision for the online supply of services
(b). Section 12
(c ). Both (a) & (b)
(d). None of the above
Case study: ( Q.18 and Q.19)
Determine the time of supply of services under RCM in the flowing cases?
Particulars Non-associates Associated
enterprises ( Q.18) enterprises( Q.19)
Date on which payment is entered in books of account 15.09.2018 15.09.2018
Date on which payment is debited to bank account 18.09.2018 18.09.2018
Date of issuance of Invoice 11.09.2018 11.09.2018
60 days from the date of issuing Invoice 12.11.2018 12.11.2018
Date of entry in the books of account of the recipient 11.09.2018 11.09.2018
Time of supply ? ?

Q.18.
(a) .15.09.2018
(b). 18.09.2018
(c ). 11.09.2018
(d ). 12.11.2018

Q.19.
(a). 15.09.2018
(b). 18.09.2018
(c ). 11.09.2018
(d). 12.11.2018

Q.20. What provisions would be applied in finding the time of supply in case of works contract?

(a). Section 12

(b). Section 13

(c ). Section 14

(d). Section 15

Q.21.What shall be the time of supply where services are supplied online?

(a). No separate provisions for the online supply f services

(b). Section 13

(c). Both (a) & (b)

(d). None of the above


Q.22. The relaxation of non-payment of taxes on the advance receipt is only to the supplier of goods &
not to the providers of service?

(a) Correct

(b). Incorrect

(c ). Partially correct

(d). None of the above

Q.23. Mr. Sarma entered into a contract with Mr. Rao and agreed to make the payment by 30th
Septemebr,2018. If the payment is not made in time, then he shall pay late fees @Rs.100/- per day. No
payment of late fees has been made so far . What shall be the time of supply in respect of the late fees
due to Mr.Sarma

(a). September,2018

(b). October,2018

(c ). Time of supply has not arisen

(d). None of the above

Q.24. Value of supply is considered to exclude---------------?

(a). Taxes, duties, cesses and fees levied under any other Act

(b). SGST and UTGST

(c ). Goods and Services Tax (Compensation to States) Act

(d). Both (b) and (c).

Q.25. What are the deductions allowed in case of transaction value consideration?

(a). Discounts specified in the invoice

9b). Any payment made by customer on behalf of supplier

(c ). Packing charges

(d). All of the Above