
Dear Professional Seniors & Friends,
Warm Greeting!
Here is the Next post of #MCQ on concept based practical professional knowledge on special provisions relating to rate of tax in case of accommodation services 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 71.1: On 1st of July B provides accommodation service to C for a declared tariff of Rs 1200, but gave a discount of Rs 300 and the value of supply was Rs 900.Which among the following is correct in relation to rate of tax?
A) Nil.
B) 12%
C) 18%
D) 28%
MCQ 71.2: What if in above question, B provides accommodation services to C on 28th of July 2018?
A) Nil.
B) 12%
C) 18%
D) 28%
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CA Sanjay Kumar Agrawal
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Dear Professional Seniors & Friends,
Warm Greetings!
This post of MCQ is on amendment on provisions in GST act which is giving effect to the changes in rate of tax in case of accommodation services.
Answer to MCQ 71.1: B) 12%.
Answer to MCQ 71.2: A) NIL.
Practical Analysis for MCQ 71.1& 71.2:-
Declared Tariff | Rate of Tax |
1000 to 2499 | 12% |
2500 to 7499 | 18% |
7500 and above | 28% |
(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 Whatsapp: 8799772245
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/
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