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CA Inter Computation of GST Liability — practice questions — page 3

Explore 67 free Computation of GST Liability questions in CA Inter Taxation. Open each question or exercise to read its content, reference answers and available explanation.

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Computation of GST Liability questions and exercises with answers

Showing questions 61–67 of 67.

Price Rs 20,000 plus Rs 1,000 State-law cess billed separately. GST at 18%?Read the answer and worked solution →Rs 50,000 sale; Rs 5,000 later discount never agreed earlier. Value?Read the answer and worked solution →Rs 50,000 sale; pre-agreed invoice-linked Rs 5,000 later discount, ITC reversed. Value?Read the answer and worked solution →Intra-State sale of Rs 2,00,000 at 18% GST. CGST payable?Read the answer and worked solution →Notified service of Rs 1,00,000 under reverse charge at 18%. Recipient pays?Read the answer and worked solution →Persons who are legally recognised partners in business are:Read the answer and worked solution →For related-person tests, the term person also includes:Read the answer and worked solution →

Worked practice questions

Price Rs 20,000 plus Rs 1,000 State-law cess billed separately. GST at 18%?

  1. Rs 3,600
  2. Rs 3,960
  3. Rs 3,780
  4. Rs 3,420
Show answer and solution

Correct answer: C. Rs 3,780

A separately charged cess under another law is included, so 21,000 at 18 per cent gives Rs 3,780.

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Rs 50,000 sale; Rs 5,000 later discount never agreed earlier. Value?

  1. Rs 50,000
  2. Rs 47,500
  3. Rs 45,000
  4. Rs 55,000
Show answer and solution

Correct answer: A. Rs 50,000

A later discount without a prior agreement fails the conditions, so value remains Rs 50,000.

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Rs 50,000 sale; pre-agreed invoice-linked Rs 5,000 later discount, ITC reversed. Value?

  1. Rs 45,000
  2. Rs 50,000
  3. Rs 47,500
  4. Rs 55,000
Show answer and solution

Correct answer: A. Rs 45,000

All conditions of Section 15(3)(b) are met, so the discount is excluded and value is Rs 45,000.

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More Taxation topics

GST Time, Value, Place of Supply and Input Tax CreditAggregation of Income, Set Off of Losses and DeductionsAdvance Tax, TDS and TCSProfits and Gains of Business or ProfessionIncome-tax Basic ConceptsSalariesResidence and Scope of Total IncomeIncome from House Property