Sandeep singh IRS

A registered supplier receives an advance of ₹50,000 on 10th April for a service to be provided in May. Invoice is issued on 20th May and service is completed on 25th May. Under GST (forward charge), time of supply for this service is:
A. 10th April
B. 20th May
C. 25th May
D. Date of receipt of balance payment, if any

2 hours ago | [YT] | 0

Sandeep singh IRS

If a business is transferred as a going concern, the transferee must:
A) Use the old GSTIN
B) Obtain a fresh registration
C) Continue without registration
D) Wait for the officer's order

2 days ago | [YT] | 1

Sandeep singh IRS

Supply of goods by a Principal to his Agent (where Agent undertakes to supply such goods) is:
A) Not a supply
B) Supply only if consideration exists
C) Deemed Supply even without consideration
D) Exempt Supply
Reply in comments please

1 week ago | [YT] | 2

Sandeep singh IRS

Schedule I of the CGST Act deals with:
A) Supply without consideration
B) Supply of goods vs services
C) Negative List
D) Composite Supply

1 week ago | [YT] | 2

Sandeep singh IRS

Import of services for a consideration, whether or not in the course of business, is:

A) Not a Supply

B) Supply only if for business

C) A Supply

D) Exempt

Reply in comments please

1 week ago | [YT] | 1

Sandeep singh IRS

You gave Diwali gifts worth ₹60,000 to your best employee. Is GST applicable on this?

Options:
A) No, it's a gift
B) Yes, if > ₹50,000/year
C) Yes, on full amount
D) Only on amount > 50k

1 week ago | [YT] | 2

Sandeep singh IRS

You filed your GSTR-3B but missed filing GSTR-1 for 6 months. Can the officer cancel your GST Number?
Options:
A) No, 3B is filed so safe
B) Yes, can be cancelled
C) Only if tax is unpaid
D) Warning issued first

2 weeks ago | [YT] | 1

Sandeep singh IRS

You wrongly deposited ₹50,000 in the "Cash Ledger" instead of paying a supplier. Can you get it back?
Options:
A) No, it's Government money
B) Yes, apply for Refund (RFD-01)
C) Must adjust in future liability
D) Only 50% refundable

2 weeks ago | [YT] | 1

Sandeep singh IRS

Someone is caught issuing bills without actual supply of goods to pass on ITC. What is the maximum penalty under Section 122?
Options:
A) ₹10,000
B) 10% of the tax amount
C) 100% of the tax involved
D) 200% of the tax involved

2 weeks ago | [YT] | 1

Sandeep singh IRS

Starting April 2025, if your Head Office receives common service invoices for multiple branches, what is now compulsory?
Options:
A) Raise Cross-Charge invoices
B) Register as ISD (GSTR-6)
C) Just take full ITC in HO
D) Transfer ITC via GSTR-3B

2 weeks ago | [YT] | 3