Page 29 - Chapter 2.cdr

CCP 02.21.60.00 4 Beauty Soap 14 14 14
Mrs. Kajal, a registered supplier of Jaipur (Rajasthan), has made the following 5 Hair Comb 6 6 12
supplies in the month of January, 2019: 6 Event management service 2.5 2.5 5 CH 2
Service of renting of
(I) Supply of a laptop bag along with the laptop to a customer of Mumbai for ` 7 6 6 12
chairs and coller
55,000 (exclusive of GST).
8 Transportation Services 2.5 2.5 5
(ii) Supply of 10,000 kits (at ` 50 each) amounting to ` 5,00,000 (exclusive of GST)
to Ram Fancy Store in Kota (Rajasthan). Each kit consists of 1 hair oil, 1 From the above information, compute the GST liability (CGST and SGST and /or
beauty soap and 1 hair comb. IGST, as the case may be) of Mrs. Kajal for the month of January, 2019.
(iii) 100 kits are given as free gift to Jaipur customers on the occasion of Mrs. Kajal's (CA Final Exam. May 19 Old)
birthday. Each kit consists of 1 hair oil and 1 beauty soap. Cost of each kit is ` Answer:- Charge of Tax & Concept of Supply

35, but the open market value of such kit of goods and of goods of like kind and Computation of GST liability of Mrs. Kajal for the month of January, 2019
quality is not available. Input tax credit has not been taken on the goods
S.No Particualrs Amount CGST IGST SGST
contained in the kit.
1 Supply of laptop bag along with laptop to 55,000 9,900
(iv) Event management services provided free of cost for brother's son marriage Mumbai customer [Being naturally bundled,
function in Indore (Madhya Pradesh). Cost of providing said services is ` supply of laptop bag along with the laptop is
a composite supply which is treated as the
80,000, but the open market value of such services and of services of like kind
supply of the principal supply [viz. laptop]
and quality is not available.
in terms of section 8(a) of the CGST Act,
(v) 1,400 chairs and 100 coolers hired out to Function Garden, Ajmer (Rajasthan)
2017and is an inter-State supply.
for ` 3,30,000 (exclusive of GST) including cost of transporting the chairs and Accordingly, IGST @ 18% will be charged]
coolers [`20 (exclusive of GST) for each chair and each cooler] from Mrs.
2 Supply of kits to Ram Fancy Store [It is a 5,05,000 70,700 70,700
Kajal's godown at Jaipur to the Function Garden, Ajmer. The cost of mixed supply and is treated as supply of that
transportation of chairs and coolers is paid by Mrs. Kajal to an unregistered particular supply which attracts highest tax
rate [viz. beauty soap] in terms of section
Goods Transport Agency (GTA).
8(b) of the CGST Act, 2017. Also, it's an
Interest of ` 6,400 (inclusive of GST) was collected by Mrs. Kajal
intra- State supply. Accordingly, CGST and
from Ram Fancy Store, Kota for the payment received with a delay of 30 days. SGST @ 14% each will be charged.] Further,
Assume rates of GST to be as under:- interest of ` 6,400 charged for delayed
payment as collected from Ram Fancy Store
S.No. Particulars Rate of Rate of Rate of
will be included in the value of supply in
CGST (%) SGST (%) IGST (%) terms of section 15(2) of the CGST Act,
1 Laptop 9 9 9 2017.
2 Laptop Bag 14 14 14 Therefore, total value of supply = ` 5,05,000
[` 5,00,000 + (` 6,400 × 100/128)]
3 Hair Oil 9 9 9

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CA Final GST Questioner