CGST
SGST
IGST
CGST and SGST
C. IGST
Product | Amount |
---|---|
Refrigerator (500 litres) taxable @ 18% | 40,000 |
Stabilizer for refrigerator taxable @ 12% | 5,000 |
LED television (42 inches) taxable @ 12% | 30,000 |
Split air conditioner (2 Tons) taxable @ 28% | 35,000 |
Stabilizer for air conditioner taxable @12%. | 5,000 |
Total value | 1,15,000 |
Composite supply; highest tax rate applicable to split airconditioner, i.e. 28%
Mixed supply; highest tax rate applicable to split airconditioner, i.e. 28%
Supply other than composite and mixed supply; highest tax rate applicable to split air conditioner, i.e., 28%
Supply other than composite and mixed supply; respective taxrate applicable to each item
100
10
110
120
Goods supplied free of cost by X & Sons to its agent for further supply to customer at 5,000 for which invoice will be issuedby the agent in his own name.
Importation of accounting services (for business purposes) free of cost from a dependent father residing in US.
An expensive watch gifted to an employee for 50,000. No other gifts provided to such employee during the entire financial year.
A machinery disposed off free of cost on which input tax credithas been availed.
State Government
Registered Manufacturer Company
Both
None of the Above
Interstate
Intra- UT
Intra-state
All of the above
Date of entry of services in the books of account of recipient of service
Date of payment
Earlier of (a) & (b)
Date of entry of services in the books of the supplier of service
CGST
SGST
CGST and SGST
IGST
Central sales tax
Central excise duty
VAT
All of the above
+ | Turnover | Tax paid on inputs |
---|---|---|
Taxable goods | 90,00,000 | 9,00,000 |
Exempt goods | 10,00,000 | 1,00,000 |
Exported goods | 15,00,000 | 2,00,000 |
12,00,000
11,00,000
10,00,000
9,00,000
Central Government
State Government
GST Council
Central Government as per the recommendations of the GST Counci
Date of issue of invoice
Date on which the supplier receives payment
Date of provision of service
Earlier of (a) & (b)
Date of issue of invoice
Due date of issue of invoice
Date of receipt of consideration by the supplier
Earlier of (a) & (b)
Cars purchased by a manufacturing company for official use ofits employees.
Aircraft purchased by a manufacturing company for official useof its CEO.
General insurance taken on a car used by employees of a manufacturing company for official purposes.
Maintenance & repair services availed by a company for a truck used for transporting its finished goods.
Engaged in same line of business
Service related to movable property
Service related to immovable property
All of above
18%
40%
20%
28%+cess
before/at the time of supply
6 months from the date of removal
Earlier of (a) or (b)
None of the above
Any non-GST taxes, duties, cesses, fees charged separately by supplier
Interest, late fee or penalty for delayed payment of any consideration for any supply
Subsidies directly linked to the price except subsidies provided by the Central and State Governments
All of the above
1, 2, 3, 4 & 5
2, 3, 4, 5 & 6
2, 3, 4 & 5
All of the above
Alcoholic liquor for human consumption
Tobacco
Health care service
All of the above
Inward supplies on which tax is payable on reverse charge basis
Exempt supplies
Export of goods or services or both
Inter-State supplies of persons having the same PAN number
Intra-state
Inter-state
Either (a) or (b) at the option of Taxpayer
Either (a) or (b) at the option of PO
Date of issue of invoice
Date of completion of provision of services
Date of receipt of payment
Date of completion of provision of service or date of receipt of payment; whichever is earlier.
Disposal of car without consideration and the supplier has not claimed input tax credit on such car.
A principal makes supplies to his agent who is also registered under GST and is situated within the same State and the invoice for further supply is issued by the agent in his name.
Head Office makes a supply of services to its own branch outside the State.
A person imports services without consideration for the purposes of his business from his elder son living outside India.
GST
Interest
Late fee
Commission
ITC on works contracts services availed by a software company for construction of its office, is blocked.
ITC on works contract services availed by a manufacturing company for construction of pipelines to be laid outside its factory, is blocked.
ITC on goods and/or services used by an automobile company for construction of a foundation on which a machinery (to be used in the production process) is to be mounted permanently,is allowed.
ITC on works contract services availed by a consulting firm for repair of its office building is blocked provided the company has booked such expenditure in profit and loss account.
CGST - 630 and SGST - 630
CGST - 450 and SGST - 450
CGST - 18,630 and SGST - 18,630
CGST - 18,450 and SGST - 18,450
Director
XYZ Ltd
Both of above
None of the above
Date of issue of voucher
Date of redemption of voucher
Earlier of (a) & (b)
(a) & (b) whichever is later
Composite
Mixed
Both (a) and (b)
None of the above
Stamp Duty
Duties of Excise on medical and toilet preparation
Property Tax
Basic Custom Duty