Page 24 - Ch8_ EXEMPTION

Notes:
(I) All the amount stated above in both the tables are exclusive of GST, wherever applicable.

(ii) Aggregate turnover of Mr. Jayesh in previous year was ₹ 42,00,000.
You are required to compute Gross value of supplies, on which GST to be paid by Mr. Jayesh for the
month of October 20XX. [CA Inter May 23 Exam]
Answer :-

Computation of gross value of taxable supply on which GST is to be paid by Mr. Jayesh
Particulars Amount (₹) Remark
Commission received as a recovery - Tax is payable by NBFC under reverse charge
agent from Non-Banking Financial

Company
Actionable claim received from normal - No tax is payable, as actionable claims other than
business debtors specified actionable claims are covered under
Schedule III, i.e. they are neither supply of goods
nor supply of services

Amount received from ABC Ltd. for 1,74,500 Taxable since consideration for classical dance
performance of classical dance performance exceeds ₹ 1,50,000
Business assets given free of cost - Not a supply as it is made without consideration

and not covered in Schedule I because ITC is not
availed on the same
Rent from registered individual person - Tax is payable by the registered individual person
under reverse charge

Services from unregistered GTA 15,100 Tax on services provided by unregistered GTA is
payable under reverse charge by Mr. Jayesh being
a registered person
Gross value of taxable supply on 1,89,600 Tax on services provided by unregistered GTA is

which GST is to be paid by Mr. payable under reverse charge by Mr. Jayesh being
Jayesh a registered person

CCP 08.14.25.00
Decide with reason whether the following independent services are exempt under CGST Act, 20XX:-
(i) Gokul Residents' Welfare Association received ₹ 9,000 per month as contribution from each
member for sourcing of goods and services from third persons for common use of its members.

[GST Rate 18%]
Will your answer differ, if Gokul Residents' Welfare Association collects maintenance charges of `
6,500 per month per member.
[ Study Mat (Similar)] [CA Inter Exam May 19 New] [CA Inter MTP Mar 23]
(ii) Holiday Guest House, situated at Shimla, provides boarding & lodging services to tourists at

economical cost. The charges of a single deluxe room per day are ₹ 999. Mr. X has booked one deluxe
room for two days during Christmas holidays. You are required to determine whether GST is
payable by Holiday Guest House on the above booking. [CA Inter RTP May 2020]

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