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CA Inter GST Time, Value, Place of Supply and Input Tax Credit — practice questions — page 3

Explore 86 free GST Time, Value, Place of Supply and Input Tax Credit questions in CA Inter Taxation. Open each question or exercise to read its content, reference answers and available explanation.

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GST Time, Value, Place of Supply and Input Tax Credit questions and exercises with answers

Showing questions 61–86 of 86.

Services directly related to immovable property: place of supply isRead the answer and worked solution →A Delhi-registered firm books a Goa hotel room. Place of supply of the lodging?Read the answer and worked solution →Place of supply of restaurant and catering services is where the services areRead the answer and worked solution →Training given to an unregistered person has its place of supply at the location where the services areRead the answer and worked solution →Admission to a sporting event has its place of supply atRead the answer and worked solution →Goods transport for an unregistered person: place of supply is where goods areRead the answer and worked solution →Services on board a conveyance: place of supply is itsRead the answer and worked solution →For services by fixed telecom line or leased circuit, place of supply is where the line or circuit isRead the answer and worked solution →Post-paid mobile services have their place of supply at theRead the answer and worked solution →Banking and stock broking services have place of supply at the recipient's location on theRead the answer and worked solution →Place of supply of insurance services to a registered person is theRead the answer and worked solution →Where a supplier or recipient is outside India, ordinary services have place of supply at theRead the answer and worked solution →Under section 13, services made on goods that must be physically available are supplied where the services areRead the answer and worked solution →Under section 13(8), intermediary services have place of supply at theRead the answer and worked solution →Input tax credit entitled to a registered person is credited to which ledger?Read the answer and worked solution →Credit of input tax requires that the tax charged has beenRead the answer and worked solution →A registered person can take ITC only if he has furnished the return under which section?Read the answer and worked solution →If the supplier is not paid within this period from invoice date, ITC availed must be reversed with interestRead the answer and worked solution →ITC on the tax part of capital goods is denied if the person claimsRead the answer and worked solution →Where inputs are used partly for business and partly for other purposes, ITC is restricted to theRead the answer and worked solution →Inputs used for taxable and exempt supplies: credit is limited to the part for taxable supplies includingRead the answer and worked solution →Banks and NBFCs may opt to avail what share of eligible ITC each month, the rest lapsing?Read the answer and worked solution →ITC on motor vehicles for carrying persons is blocked if seating capacity is not more thanRead the answer and worked solution →ITC on blocked motor vehicles is allowed when used for imparting training onRead the answer and worked solution →Which service is within the list of blocked credits under section 17(5)(b)?Read the answer and worked solution →A firm buys a five-seater car for staff use (tax Rs 1,20,000) and bolted machinery (tax Rs 80,000). Eligible ITC?Read the answer and worked solution →

Worked practice questions

Services directly related to immovable property: place of supply is

  1. supplier's office
  2. recipient's home
  3. firm's head office
  4. property location
Show answer and solution

Correct answer: D. property location

Section 12(3) places such services, for instance by architects or estate agents, where the property is located.

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A Delhi-registered firm books a Goa hotel room. Place of supply of the lodging?

  1. Goa, hotel location
  2. Delhi, guest location
  3. Place where bill is paid
  4. Place of booking portal
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Correct answer: A. Goa, hotel location

Lodging by a hotel falls under section 12(3), so the place of supply is where the hotel is located, Goa.

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Place of supply of restaurant and catering services is where the services are

  1. billed by the firm
  2. actually performed
  3. paid for in advance
  4. booked on a website
Show answer and solution

Correct answer: B. actually performed

Section 12(4) places restaurant, catering, grooming, fitness, beauty and health services where they are actually performed.

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More Taxation topics

Aggregation 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 PropertyComputation of GST Liability