Page 4 - Chapter 2.cdr

01. Sec.9(1)/5(1)- Levy of GST CCP 02.03.04.00
CCP 02.01.01.00 What is the difference in between 'Nil Rated', 'Zero Rated' supply of goods and
CH 2
What is a taxable event under GST? (ICAI Material) services?
Answer:- As per section 9(1) of CGST Act & section 5(1) of IGST Act, Taxable event Answer:- There exist a difference between a Nil Rated Supply and a zero rated supply
Charge of Tax & Concept of Supply
under GST is supply of goods or services or both. CGST and SGST/ UTGST will be as per GST law
levied on intra-State supplies. IGST will be levied on inter- State supplies. 'I) Nil Rated Supply' means a supply of goods or services which has Nil rate in tariff or
exempt by notification.'
02. Sec.9(2)/5(2)- Goods out of scope of GST
ii) Zero rated Supplies means a supply of goods or services for export or to SEZ units
CCP 02.02.02.00 [Sec 16 of IGST]. Where tax is leviable but export incentive is given.

Supply of all goods and/or services is taxable under GST. Discuss the validity of
CCP 02.03.05.00
the statement. (ICAI Material)
Answer:- The statement is incorrect. Supplies of all goods and services are taxable Define the following terms
I) Person ii) Supplier iii) Recipient
except alcoholic liquor for human consumption.
Supply of petroleum crude, high speed diesel, motor spirit (commonly known Answer:-

as petrol), natural gas and aviation turbine fuel shall be taxable with effect from a (I) As per section 2(84) of CGST Act, 2017 , “person” includes—
future date. This date would be notified by the Government on the recommendations (a) an individual (b) a Hindu Undivided Family
(c) a company (d) a firm
of the GST Council.Question 6
(e) a Limited Liability Partnership
03. Important Definitions
(f) an association of persons or a body of individuals, whether incorporated or
CCP 02.03.03.00 not, in India or outside India;
Differentiate between a taxable supply & non-taxable supply under GST?
(g) any corporation established by or under any Central Act, State Act or
Answer:
Provincial Act or a Government company as defined in clause (45) of section
Taxable Supply Non- Taxable Supply 2 of the Companies Act, 2013;
As per section 2(108) of CGST Act, As per section 2(78) of CGST Act, (h) any body corporate incorporated by or under the laws of a country outside
means supply of goods or services or means supply of goods or services or
India
both which is leviable to GST under both which is not leviable to GST
(i) a co-operative society registered under any law relating to co-operative
this act under this act or under Integrated
Goods & Service Tax Act. societies
(j) a local authority; (k) Central Government or a State Government;
Falls under the purview of 'Supply' as Does not fall under the purview of
per section 7 of CGST Act. 'Supply' as per section 7 of CGST act. (l) society as defined under the Societies Registration Act, 1860 (m) trust;
and
For eg:- Supply of Gold jewellery or For eg:- Supply of Petrol or Diesel
Silver Articles etc.
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