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CA Inter Levy and Collection of Tax — practice questions — page 2

Explore 56 free Levy and Collection of Tax questions in CA Inter Taxation. Open each question or exercise to read its content, reference answers and available explanation.

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Levy and Collection of Tax questions and exercises with answers

Showing questions 31–56 of 56.

Goods are transferred under an agreement that property passes later, on full payment. What is this supply?Read the answer and worked solution →Business goods are put to private use by the owner. What is the usage treated as?Read the answer and worked solution →When is a closing business not deemed to supply its goods?Read the answer and worked solution →Services by an employee to the employer in the course of employment are treated as what?Read the answer and worked solution →Under Schedule III, which of these is neither a supply of goods nor of services?Read the answer and worked solution →Which service is outside the scope of supply under Schedule III?Read the answer and worked solution →Actionable claims are outside the scope of supply except which kinds?Read the answer and worked solution →Under section 8, a composite supply is taxed as which supply?Read the answer and worked solution →A mixed supply contains items taxed at 0%, 5% and 18%. At what rate is the whole supply taxed?Read the answer and worked solution →A composite supply has a principal service taxed at 5% and an ancillary service taxed at 18%. What rate applies?Read the answer and worked solution →A supply of goods worth Rs 50,000 is made to another state at 18% GST. What IGST is payable?Read the answer and worked solution →Goods worth Rs 2,00,000 are sold within one state at 5% GST. What is the CGST component?Read the answer and worked solution →Which government collects IGST before sharing it with the consuming state?Read the answer and worked solution →What does the dual GST model of India mean?Read the answer and worked solution →Which two GST slabs were eliminated by the reforms effective 22 September 2025?Read the answer and worked solution →Under the structure after 22 September 2025, what rate applies to luxury and sin goods?Read the answer and worked solution →On which date did the September 2025 GST rate reforms come into effect?Read the answer and worked solution →In the original 2017 GST structure, gold was taxed at what rate?Read the answer and worked solution →Which of these is outside GST and taxed separately?Read the answer and worked solution →Who presides over the GST Council?Read the answer and worked solution →States were assured compensation for GST revenue loss for how many years?Read the answer and worked solution →What indirect tax reform did V. P. Singh begin in 1986?Read the answer and worked solution →Who headed the committee set up to design a GST model under Prime Minister Vajpayee?Read the answer and worked solution →What does the Revenue Neutral Rate (RNR) represent?Read the answer and worked solution →Anti-profiteering under GST was established through which section of the CGST Act?Read the answer and worked solution →On which date was the sunset for new anti-profiteering complaints set?Read the answer and worked solution →

Worked practice questions

Goods are transferred under an agreement that property passes later, on full payment. What is this supply?

  1. Supply of goods
  2. Supply of services
  3. Not a supply
  4. A mixed supply
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Correct answer: A. Supply of goods

Paragraph 1(c) of Schedule II makes a deferred transfer of title under such an agreement a supply of goods.

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Business goods are put to private use by the owner. What is the usage treated as?

  1. Supply of goods
  2. A supply of services
  3. No supply at all
  4. Export of goods
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Correct answer: B. A supply of services

Paragraph 4(b) of Schedule II treats private use of business goods as a supply of services.

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When is a closing business not deemed to supply its goods?

  1. Goods are sold at cost
  2. Business goes as going concern
  3. Goods are exported abroad
  4. Business is shut down
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Correct answer: B. Business goes as going concern

Paragraph 4(c) of Schedule II exempts the deemed supply where the business is transferred as a going concern to another person.

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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