
Dear Professional Seniors & Friends,
Warm Greetings!
Here is the Next post of #MCQ on concept based practical professional knowledge on certain issue under GST and their welcome clarification by government in a unique manner to be self answered by participants. The detailed answer of these MCQs shall be posted next day for the self assessment of the participants.
MCQ 52.1: Whether independent fabric processors (job workers) in the textile sector supplying job work services are eligible for refund of unutilized input tax credit on account of inverted duty structure?
A) No as the output supply is fabric which is notified as goods in respect of which refund of ITC on account of inverted duty structure shall not be allowed.
B) Yes as the output supply is job work services which is not notified as services in respect of which refund of ITC on account of inverted duty structure shall not be allowed.
C) No as the output supply is job work services which is notified as services in respect of which refund of ITC on account of inverted duty structure shall not be allowed.
D) None of the above.
MCQ 52.2: X located in U.P. had provided services of short-term accommodation, conferencing, banqueting etc. in U.P. to a Special Economic Zone (SEZ) developer or a SEZ unit located in Haryana. The Supply shall be:
A) Supply will be interstate supply & IGST will be applicable.
B) Supply will be interstate supply & CGST/SGST will be applicable.
C) Supply will be intrastate supply & IGST will be applicable.
D) Supply will be intrastate supply & CGST/SGST will be applicable.
Sincere Regards
CA Sanjay Kumar Agrawal
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Dear Professional Seniors & Friends,
Warm Greetings!
This post of MCQ is on provisions relating to certain issues under GST and their welcome clarifications issued by government vide circular No. 48/2018 dtd 14th June 2018.
Answer to MCQ 52.1: B) Yes as the output supply is job work services which is not notified as services in respect of which refund of ITC on account of inverted duty structure shall not be allowed.
Answer to MCQ 52.2: A) Supply will be interstate supply & IGST will be applicable.
Practical Analysis for MCQ 52.1 :-
Based on the above analysis, correct answer MCQ 52.1: B) Yes as the output supply is job work services which is not notified as services in respect of which refund of ITC on account of inverted duty structure shall not be allowed.
Practical Analysis for MCQ 52.2 :-
Based on the above analysis, correct answer MCQ 52.2: A) Supply will be interstate supply & IGST will be applicable.
(Disclaimer: The objective of the MCQ post is just to discuss the concept, it may happen, by change of facts, the answer may be different. Please do not treat this as professional opinion; you can definitely have your own opinion.)
Sincere Regards!
CA Sanjay Kumar Agrawal
Mobile: 9810116321
To access MCQ posts regularly, please Join Telegram Channel:
https://t.me/caSanjayKumarAgrawal
For All MCQ post please click on:
Webpage: http://www.casanjay.me/
Facebook: https://www.facebook.com/CA.Sanjay.K.Agrawal/
Linkedin: https://www.linkedin.com/in/ca-sanjay-kumar-agrawal/
#CASanjay #MrCA #MsCA #MCQ #CharteredAccountants #CharteredAccountant #CA #India
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