ICAI MCQ Case Scenarios 11-25 | CA Final IDT May'25/Nov'25 | CA Akshansh Garg

0:01 So hey everyone welcome back. take 10 from first I had submitted my studies till then but after that It was a little bit occupied. Let's move forward The case studies continue. case study Comes at number 11. Case Study No. 11 what does he say? A very simple case study Is. Because I know how, it is easy for me. because this was by asking the same question Inside the Supplies chapter. If you have questioned Be it a bank. Case study of the same question Made it and did nothing else. So look at the composite and mix supply There is a case. Jaskaran Kar is a person from Delhi Inside and he gives great service. Bucket Off Provides service. Provides goods and services And he has supplied this service. Supply Of ₹0000 packages as 30 each. He has one There were two chocolates and two fruit juices in the packet And there was a packet of toy balloons. So, mix it up The supply has been done. In this case, ₹6 lakh

0:48 The transaction was completed. Ok? and here But he has also written that a Penalty of Rs 10,000 was collected in lump sum in the month of march from sukhija gift Shop. Since see interest on delayed payment GST is applicable on this. oldo penalty what is it Comes under liquidated damages. But Penalty on delayed payment will be applicable on GST Is. At what rate will it be charged? Joe Original The rate of transaction was GST on that It will take place. In the supply chapter I told you Liquid dimension's circular was described. In the review video you will see the classes We had discussed it inside. Revision video's Information regarding this was also given inside. Correct Is? So GST will be applicable on 6 lakhs It will take place. ₹1 Lakh Yeh Jo Pay Interest Form The money I have received is inclusive of We consider interest as GST Inside. Ok? Interested if you have any question If interest is written blank then buy By default we will assume that it is inclusive of

1:34 There will be GST only. Ok? So look first The question that is asked of you is that How much tax do we get from Sukhija Gift Shop How much to pay in January and how much in March Do you want to give? So look at the penalty he got We received it in March and in January We sold goods worth ₹6 lakh. So at the edge Time of supply of goods If we supply any goods If we sell it then it will be immediately on us Liability arises. even if the money comes later meet. In this case, you will have to pay more than ₹ 6 lakh GST will have to be paid. at what rate to pay Will it need? Juice Bottle and Toy of Chocolate Juice Balloon. So whatever the highest rate is The highest rate is 18% so you will get the loan at the rate of 18% Will have to pay tax. this is a person from delhi And if it is from Punjab then IGS will be applied. So 18% of ₹6 Lakh I think it Comes ₹18,000 and if we talk about this

2:20 Talking about this ₹1,000 one ₹1,000 / 118 * 18 You will withdraw this amount What will be the IGST amount? try it once Let's take it. Ok? 10000 / 118 118 * 18 it comes 1525 so answer this is yours Gaya 1526 means the answer was in some points Will come see then what is the answer of first question C came and I also kept the answers beside it You have kept them open, you can check your answers also So what was your answer for the first C? It's here okay let's move forward big time it was an easy point sec 500 packages what did you do one There was a chocolate and a juice bottle and I gave them as free gifts If you tell the customers about some related person If you give goods for free to someone then it is Schedule One Looks like paragraph two. unrated for free

3:07 If you give then no GST is charged. this case There will be a question on this as well. Yes, Here it is. Supply of 500 packages given is Free Gift to Delhi Customer on the OK of Lohri. You have given me a free gift on Lohri So there will be no GST on that. not a Supply under GST law. answer will come three of B. This was a very simple point Too. Moving Forward Are. Catering services provided to elders Brother free of cost for our business function In Delhi. So look brother if you are with your Giving any item for free to the related person If yes then it is considered as supply. Elder Brother Will it be related or not? if query If we are silent then we are dependent on our brother We believe and will accept the relatedness. Brother's What happens in a case? If it's on you If it is dependent then it is related. If you are independent then you are not considered related go. Parents and Spouses Are Always Related I believe it. But it's brother's case, friend.

3:53 Brother's case was asked many times in the exam. goes. So let's see what happens in this case I told him that I gave it to him free of cost what did you do, I served but my brother had his own business is for his business function means brother Brother also has a business and he earns for it himself If it is a business, brother, it means it is dependent on you no brother is independent and Will you give something for free to an independent brother? So there will be no GST on it? It has happened that for the purpose of GST of Value Supply of Catering Service Provided I gave catering services to my brother for free There will be no GST on this as Nil Ketin Services Provided by Just Current to Held brother is not a supply this is not a supply It will be considered that three questions have been answered first 3rd and 4th one question is left Seconds. Ok? Ahead See. one of the old customer of jaskaran Mr. Bahubali of Delhi. jaskaran who is He had an old customer whose name was Bahubali. He approached her and said

4:39 That you arrange my transportation. That's a good point. Listen carefully. Reduce speed Do it at this point. This is saying that The person named Jaskaran is the answer to our question Inside. He had a friend, Mr. Bahubali. He approached her and said, I have purchased some goods from somewhere. I did not purchase it from this. Purchase from someone else have done it. You just arrange my transportation Get it done. I'll call you as you suppose Am. You are my friend and I said brother Do you live in this city, friend? you are mine You will arrange for transportation. Do you? And we kind of became friends. Because you He was my old customer so we knew each other It's done. And I told you. you said Yes yes I will get it done. There is no problem. Jaskaran arranges the transportation of the set Goods of Mr. Bahubali through a truck on Bye him. for local transport of good as karanam did Do not issue consignment note to Mr. Bahubali So try to understand that if we do not call it GTA Believe what happens in GTA case

5:26 GTA issues a consignment note What happens in a GTA case? GTA 1 The consignment note issues the total We are just helping him it doesn't mean anything we're not doing anything We are just helping him out, okay? We helped him and we did not If the consignment note is also not issued Look at the consignment note, what is GTA That consignment note in practical life issues, then only it is considered as GT Is. Then do not even issue the consignment note remained. Ok? So what will happen in this case? it There is no supply. We are just helping him are doing it. GST on Services and Transportation of good provided by just Current to Baahubali is not payable at all. This There will be no tax on it. Ok? Services by Way of Transportation of goods by road accepted The Service of GTA. Look, Road Transportation is accepted GT & Courier. So, now this GTA too shall not be considered as it has not Note was not issued. this is just a friend's

6:12 He is helping me in every way and nothing else. Ok? It was a very simple case study. in 5 minutes It's over. Let's move on. Case Study number 12 comes. 12 what does he say Is? Let's look carefully. Sudarshan Transport Agency Registered Under GST in jaipur rajasthan is providing service by way of transportation of goods by The road for which it is consigned and known to all Sector of Industry. basically this gta Such a vibe it is giving me. so this What is the Sudarshan Transport Agency? to transport people's belongings from one place to another It works. It's maintenance trucks. Its There are trawlers nearby. Advance Carriage for Heavy There are loaded lorries. Small tractors etc Overall the goods are the same for transportation This is his business and he also rents out vehicles He gives it to me. it also maintain special Vehicle which has special storage Facilities and other advanced facilities for Transporting Defence Equipment. like this also It has vehicles which are also for defense The goods are taken away. means transportation

6:58 It has made quite a name for itself in the world of Is. It has many types of vehicles. Carrying defense goods by tractor It also has advanced vehicles for this. Correct Is? it has provided the following service Foreign details for the current financial year. And I have given you some details. STL Render Transportation Services to farmers in rajasthan for transportation of Agricultural Produce. If from GTA If Mandore goods are sent then it is accepted Is. Remember this. This is a case study on the same Is. I also told you while teaching in classes It was said that such case studies are quite useful in exams It has been asked that if GTA is to go to Mandore Random whatever you used to call Doctor Mona Whatever he did, he would get away with it. so that If you are carrying agricultural produce If yes then the M of Mandore was Agriculture If it was produced then what will happen to this? It will be accepted. what are you doing with stl Is? Taking away agricultural produce Then it will be accepted. Second Point STL

7:43 Govt buses on rent to ABC Travels Hu Services provided by transportation of Student. What are you doing? you have bussed Gave on rent for school transportation So remember transportation if you to the student, faculty, staff and school if If you are providing your own transportation It was exempted, it was not for college etc. This was for school, what will happen to it it will be accepted ok has stl also provided and stl has also entered into a contract with the local authority in Rajasthan to provide services bye-bye Transportation of relief material to flood Look, rail vessel from GTA, not by air, rail If Mandore goods will be transported via Vessel GTA Then it will be accepted. and inside the mandor What was there was relief material that could be found anywhere There may be a flood, a drought, or an accident If something goes wrong, you will feel relieved If material is being sent then accept it Will go. Again this point will be accepted.

8:31 Correct Is? Money Money Money Bank is a bank that Registered in Bhubaneswar, Orissa. He One of his branch manager's name was Champak sent him on one year deputation to Madhya State Bhopal. The bank suspended its manager I transferred it. Champak Family which is located in Kanpur She lives in. That contract with STL is with the GTA. I came in. Now the question arises who got the money Gave? Look Money Money Bank Has Sent It Branch Manager Mr. Champak on One Year Deputation on a special project to Bhopal. mr champak families station in kanpur money Money Bank enters into a contract. If We saw this Champak coming in contract Remember we said that if GTA If service is given to an unregistered person They used to accept it as an exception. but here on bank It is included in the contract. the bank will give money What will happen to GTA in this case? Tax

9:17 It will be imposed and who will pay the tax for it? Bank Pay It will be done inside RCM. Ok? Bank Tax He will pay inside RCM. no one on this Is there a question? Look Determines the Place and supply of service of transportation of Household goods to Mr Champak. So look We also read this transportation case What do you consider place supply in? If If it is B to B then the location of truth If there is a registered person and B to C then The place from where the goods are handed over Considers place supply. now this is b to b because the bank is already taking over the bank It is registered. So what is place supply? Will you agree? location of true ratio person Bhubaneswar Odisha will be the answer Bhubaneswar Orissa watch without liking cheating I don't even say it like that, but I definitely like it do it and subscribe also ok cheating don't do this before the exam come here second The answer is clear, let's move ahead STL

10:03 Transported Defense Military Equipment So you are carrying military equipment? That is also acceptable, I told you Mandore Military equipment also used to come inside Mandore the defense db means defense and military Equipment. Ok? STL Provided services of transportation of goods to a cooperative society in rajasthan which was Newly Constituted and Has Not Registered under GST law. slow down the speed take this point. Listen carefully. one thing Take care. There was a chart with GTA. I shows you Am. Let me show you a chart of GTA. wait a minutes. I am going to tell you just a second important thing Am. Listen carefully. good point

10:50 Is. What we said was that if GTA If service is given to an unregistered person It is exempt. even if it is given to the government It is exempt. Remember what you learned with logic Was. Taxable if given to a registered person Is. And in that also I had said that if 12% If there is GD then for unregistered is exept. But there are some such unregistered There were notified people whom we believed That it is already registered. What we said was that If there is 5% GDA then tax in RCM Two. If it is 12% then in forward charge Pay tax. Forward even in case of Aldo 5% The charge was possible. but in question if If the question is silent then 5% In this case only RCM assumes. The question used to come that if GDA does something Service to unregistered notified person If he gives it, we will believe that he They are registered only. Now those unregistered

11:35 Who were the notified persons? So I You also had to get some ticks done so that they get four There are five which you should remember. As Even if you have come to the marathon, face to face So in that I told that any registered I said factory or co-operative society I was telling you to remember these two and I said this that was a partnership firm and AOP focus keep it and if there is any body co-operator then this Keep in mind that basically three and one make four. I told you these four things. If there is anything left to take care of, once again see if these people are unregistered and If GTA is providing service to them then it is up to them The treatment will be the same as if this It is already registered. Ok? so now this case what is happening in our question in that what is GTA doing? Co-operative is giving service to the society and this What is a Co-operative Society? Unregistered Is. And it has provided service worth 3 lakhs. So we This will not be accepted as an exemption. We to this Will consider it taxable. and which one is GTA

12:21 These? GTA is GTA with 12%. then either There is no problem. Tax in forward charge It will work. Here also if I have RCM If you have said it somewhere then RCM will not be applied. Forward charge will be applicable as it is 12% I had not read that GTA. The 12% five so I was assuming five will be. The one with 12% is GT. did any problem Not there. So the 12% one is GT. So the tax So it will be charged as forward charge. if you If you are providing service to a cooperative society This will come in the unregistered notified person and Tax will have to be paid in forward charge To you. So this one will not be accepted Point. and what happened in this case is that you What are you doing? 220 Km distance of Is. 200 Km Validity is 1 day of e-way bill. So 220 km. I am in 2 days Validity will remain. And when did you get this e-way bill made? Made on Monday at 12:04. so one day When will this end? will end on tuesday

13:07 12:00 at night. and its over on the second day It will be on Wednesday at 12:00 midnight. Correct Is? There will definitely be some question on the email. These look i am So look here. Determine the period of valid. Look now When did they make the EP bill? for two days It will remain valid. Made it on Monday. on monday Made. At what time was Monday made from it It doesn't matter. When will one day end? on Tuesday Tuesday night. means when wednesday is about to start and tuesday It must be ending then it will end a day before will be. But it's two days. so on wednesday night When Thursday is about to start. Its what will be the answer that wednesday thursday at 12 Midnight. 12:00 at night. fourth answer

13:54 what will come? B will come. case study Number. Till now I have asked only one question have done it. I have asked two questions. Two B of and B of Fourth. So this will be the answer. look at this To's B and Fourth's B too. Ok? Moving Forward Are. STL Owns and Maintains Its Own Petrol Pump in Rajasthan. own petrol There is a pump from where petrol is sold for ₹ lakh Of. Ok? So petrol is non taxable There is supply. Ok? The next question comes here. Determine the Value of Outward Supply Made by STL We are accepting GST. how much amount Is the accent from GST? Let's go to the Eggplant Come and add 2 lakhs. 2 Lakh + 5 Lakh 7

14:42 lakh done plus 950000 ₹950000 answer come Gone yet. Military equipment taken away 5500 worth 950000 + 550000 it comes 14 lakhs and cooperative Society Not Exempt and what are you doing sir petrol You are also supplying non taxable goods Your ITC comes under exempt supply You must have also seen the chapter that now you will speak Why does it happen? You should watch the review video. I will not cause any problem to the class people I told you by taking an example, suppose There is a plastic, you spent ₹1 lakh on plastic I paid the tax and paid GST. Now that You can also make taxable supplies using plastic You are doing it, you are also supplying it except You are also making it non-taxable. So we have given you What was said in exempt supply What all will come? See what the example was? This was the example. Suppose I used plastic

15:27 Made the purchase and paid GST of Rs 1 lakh. And I'm making and selling plastic pans Am. And I sold that pen for Rs 10 lakh. Sold the pencil for Rs 5 lakh. and from plastic I am making and selling petrol. of the value Well, I have the technology and I Sold petrol worth Rs 5 lakh. Ok? petrol These pencils. Pencil is exempt. Imagine Karo Pen is taxable. Ok? So I What were you told about how much ITC was disallowed? will it be? So what did you guys do in the formula? It was written that net ITC is Rs 1 lakh * exam Turnover. What is included in egg turnover Is? On which ITC will not be available. So You won't even get petrol on pencil On this too. So petrol is also in exam turnover will come. Remember. So will this also come? The exam will come into turnover. So till now what is the answer to this Will you go? I haven't made a mistake. See ₹ Lakh Farmer became +57 lakh. ,

16:12 How much is ₹50,000? 950000 Plus How much is 550? 15 lakh and plus 20 Lakhs It Comes 35 Lakhs The First Answer what will come? 35 lakh answers. Correct Is? Next point calculate the aggregate Turnover of STL for the current financial Year. What will be its aggregate turnover? The aggregate turnover will all be included. Look, the egg will come anyway. I have I took out 35 lakhs as an exemption what was taxable this was also taxable The service given to the bank was ₹150 and it was 35 Lakh + ₹150 3650 and 3 lakh this 3 lakh this cooperative

16:59 This is also taxable with society So how much it is 3650000 + 3 lakh less 3950000 What will be the answer for three? B will come. Brother, you have taken out the eggs, take out some more taxable items. So what is the answer? ₹39 lakh. Ok? Are you understanding this? is there any problem Are you not going? Next Where the Taxes Are Required to be deducted under section 51 For the services provided by STL to local Authority in Rajasthan. Who is the local authority Is this service provided by STL? this one Service has been provided. Look, read point number third. STL has entered into a contract with local authority in Rajasthan to provide Services by way of transportation of relief Material. So, this is saying that local You provided relief material to the authority If it has to be delivered, will TDS be deducted on this?

17:44 This is an exempt supply brother this is exempt Some TDS is deducted on supply. By the way we TDS is deducted if the value exceeds Rs 50,000 It should be more than. This is exactly ₹50,000 anyway. But we don’t have to think about that. These So there is exempt supply. Ok? If There will be no TDS even if it is not exempted Because TDS is deducted on exactly Rs 25,000 It doesn't cut. so in this case no sin it is Agangs supply answer will come. of the Fifth Answer Will Kickham D. Both case studies will give you If you understand then tell me. Moving Forward Are. Case study number 13 comes. Big It must seem easy. look this time ICI has also given explanations. So you must be going easy. Read it. 13 p.m. coming. 13 I have given it to you. Every Mukunda Hardware A Partnership Firm Registered Under GST. in the state of uttar pradesh is Engage in the supply of doors and windows Fittings Across India. what do they do Are? Harimukund Karke is a partnership firm

18:30 those who install doors and windows in the month of october it has made the Following Outward Supply for the month of October Hari Mukund has provided the data and sold the goods Nand Kishore to Charanjot to Rana Singh ji sold and resold to Annapurai Hardwares They sold the goods paying taxable value The invoice date has been kept and the payment date has been given The date has been given, the date for removal has been given Think this is something related to time and supply It will happen, let's see later. The Applicable Taxes The rate above GST is 18%. Goods R Generally received by the parties in Punjab, Haryana and Rajasthan on second day from the Date of removal. So when we dispatch the goods If we do it then generally it is Punjab, Haryana, It is available in Rajasthan on the second day. Fifth Day is celebrated in Karnataka. Ok? There is no problem. and Harimukund says It is being said that 2% cash discount will also be given. If You will get the advance payment or within 15 days You will receive the payment. So in 15 days if you

19:16 Will you make the payment or will you make the payment in advance If you pay, we will give you 2% cash discount I will give it immediately. Ok? to supply such goods as can afford it Received the services from a local GTA. He also took the service of GTA. Ok? And the rates have been given on GTA. means basic So far we have got the idea of ​​the question This is a small case study. what is in the question Have you asked? what is the time of supply of Goods in case of goods supplied to Charanjot Hardwares & Fitter ? So you have given Charnot a Time of supply of the goods sold. Tell. You have sold the goods. So in the case of goods What happens? Date of issue of invoice of Last date of issue of invoice. and last date what happens? Removal of goods at the time of It happens. Date of invoice has been given 12 october. and give the date of removal of goods It is scheduled for October 10th. When did the person in front get it It doesn't make any difference. from the supplier When are the goods being removed? 10th October are happening to. So what is the date of invoice Will she go? Last date of future invoice is Yours will be on 10th October. this is your time We will assume off supply. The answer will come soon.

20:02 The answer for the first question is B which is Question number of case study number 13. What is the answer for first question sir? b come goes. I think you agree Will be. I agree. Like it. Let's move forward Let's increase. what is the time of supply of Goods in case of Rana Singh Ji Hardware? So come to Rana Singh ji, brother. Rana What is there in Singh ji's case? date of What is an invoice? 17th October and last Date of issue of invoice? 20th October. So 17th October is the right answer. what a chapri Do you have any questions bro? to do this easily you can do it It must have been without any effort. To's The answer will come a. out of these in the exam You will get some case studies, what else will you get? what is the time of supply in case of Services supplied by Khatu Shasham Transporters. So look here is a point Have you given it to supply true goods? You have GTA took service of and who was GTA? It was unregistered and its name was Khatusham Transporters. who redid a consolidated

20:48 invoice of 1 lac on 2nd october for which Payment was made on 27th of December. Now this What will be the time of supply in this case? Now Time of supply of service has to be determined To you. That too with reverse charge because You will pay its tax in RCM. So service What is the Time of Supply in a reverse chart? Was? Date of issue of invoice not oblique No. what was it? Date of payment, service RCM and 61 days from date of issue of invoice. 61 days from the date of issue of invoice and date of payment. Ok? so when will the payment be made Did? No, no on 2nd October, when will the payment be made? Made payment on 27 December happened and when was the invoice issued 22 October its 61 days have to be taken out November December then it will come I think 2 Something must be coming by December, okay?

21:33 Will the time of supply come on 22 December come around If you want then what is the time of supply 22 I did not understand December, look friend RCM This is a case of service in RCM What happens? Date of payment of 61 days From date of issue invoice. Date of payment What is? 27th September. The invoice is dated 22 October Of. If you take out its 61 days then it will come on 22 December Used to be. December 27 and December 2 which ever It is early. So answer will come 2nd of December. Answer D of three will come. match once Let's take it. Answer D of 3 is coming. Easy Is. Ok? So those are the first three questions. What is the gross GST liability of Harimukund Hardwares for the Month of october? In the case of Harimukund Hardware What is gross GST liability? Gross

22:19 Tell us your GST liability Har Mukund of hardware. Well now every Mukund's case what is it that if any person in 15 days If he makes the payment then he will get 2% discount will give. Otherwise I will not give it. Now every Mukund has Sold the goods to Nand Kishore. Of Rs 575000. Now You have to see that the payment is made within 15 days. did you give it? Where to watch those 15 days Let's see it too. 15 Does The Date Come Off Removal of goods. well since the stuff got removed It happened that the payment was made within 15 days Needed So it was removed on 10th October Payment was made on 25th October. means 15 days I got the payment done. So brother 2% You will get discount here. So Now you can earn 98% of Rs.575000. So how much is this Is the supply done? this has happened 563500. This became the value of supply. of 2%

23:05 I got the discount. Look here also brother there is removal of 10th When did the October payment come? 10th November You will not get any discount, it is complete Removal will be done on 20th October when did the payment come 12 October has already come, so brother this too you will get a discount it will be done 264600 and there is no discount in this case There is 1 month between removal and payment what time is it what time has it been Let's add 375 to all four. Add all four. Let's do it, look once, this is the answer Should be. So 563500 this is what I did Was. 325000 264600 and if you add these four then This answer will come and it will be marked at the rate of 18% If you multiply then the answer will be less 2758

23:51 2758 And look what is there in this case? These Where is this guy? Answer It is within the state. and the stuff it sold All four of them are interesting. So IGST It will only be felt and nothing else. CGST IGST cannot happen. in the exam Option number B is straight forward wrong It is happening. D is also straight forward wrong Used to be. Here the answer will come C and A. Look now Which answer is coming? C answer is coming. How did C come about? These are the four that I have taken out Total them and multiply it by 18% I did it. Rate is given in the question 18%. It is easy. It must have seemed very easy. Ahead Let's increase. the total value of all the supply involved in the Above case scenario. What will be the total value? All the supply involved meaning

24:38 Look at the total of all inward and outward How much was the outward supply? So we said this did 563500 + 325000 + 264600 and + 375 1528100 so this was outward supply, now we You took GTA service and it cost 1 lakh right? Brother, I have asked you for the total value, so it is 1628 Add 8100 GT as well which is 1 lakh fifth The answer is here. So a very simple case study This was the one. I think you can even You might not have felt any discomfort. Moving Forward Are case study number on your side 14. Ok? Even here it is easy. It is perfect sir. Moving Forward

25:23 Are. Case Study No.14 ABC Pvt Ltd Limited a company registered under GST in The State of Uttar Pradesh. A company which That is within Uttar Pradesh. Manufacture Products which are used in laboratories. Sir, this company makes some such products Which are used in laboratories. The Products are manufactured in the companies Factory Located in Lucknow, Uttar Pradesh and sold in various parts of Uttar State. So this product is in Lucknow and inside Lucknow, Uttar Pradesh We sell it only. means it is made in Lucknow and Sell ​​in UP. Inside the Same State Let us sell it. Ok? Meaning interstate supply of goods Are. The company also provides interest Repair and maintenance services. Ok? So this Interest is supplying goods. Interest is supplying service. So, I'm getting a composition vibe somewhere is giving. because in composition scheme You may remember. So, just and only

26:10 interstate supply of goods and services only It was allowed. Interstate was not allowed. To you You must be remembering me. The Details of the Turnover of the company for proceeding to financial Ear r s under. And I have given you the details These are of last two financial years. Financial Year One and Financial Year Two. Turnover from supply of goods given here Is. Turnover from supply of service in the It has been kept. Interest income is given from Loans and Advances. So if you remember Within the turnover of composition scheme We do not add interest on loans and advances used to do it. do registration in chapter The summary book of your book is the last one Give the chart of aggregate runover on the last page It has been kept. The aggregate in each chapter The chart of those who were run overs is given from the exam Be sure to refer him a day before. Ok? And one more thing, I have a YouTube channel

26:55 This is an interest video. 3-4 months It must be old. You can upload it on YouTube Interest calculation Akshan Garg then in that Wherever there was interest in GST You will see it in customs. Correct Is? and my customs revision video was Make sure to see that as well. Customs Latitude Garg will be available one year older. any changes Not there. Just a small amendment Is. He is of no use. Ok? those 3 Instead of a year it became 5 years. the rest of you Watch it completely before leaving. absolutely perfect perfect Is. 100% applicable for your attempt Is. That was from Revis Video Customs. Now! Till now it has been viewed by 1,70,000 people. you to him Keep watching. He is perfect. Now I have seen Till now yes brother this is interest at supply of goods and services. Provide turnover for financial year one and two It is kept for goods and services. and interest On loans and advances are also given. neither 1.5 crore in financial year one and one

27:42 Accident happened with 1.5 CR and its UP If it is in UP then the limit is Rs 1.5 crore It will not be imposed within financial year two Its turnover increased and interest ended Loans and advances we count anyway do not do. the company procured the services Of Ram Enterprise GTA. He has one Took the service of GTA which is Lucknow North Pradesh's Tha for Transportation of Goods From its factory to customers location In April. Inward supply of GTA Took service. Ram Enterprises has not Excise the option to pay GST on services Supply back. Meaning he will not pay tax himself. The receiver will pay the tax in RCM. We I have taken service from Ram. Ram Enterprises Prepare a Regular Consignment and Not Continue the details of the consignee and Consignee and 5% rate is applicable. So We have taken the service of Ram. so its tax We'll have to check it out at RCA. let's see Is there any question on Ram? the first one

28:27 There is a question. Weather the Services Provided By Ram Enterprises To ABC Pvt Ltd Limited is chargeable tax. what tax Will it take? There will definitely be tax, brother. We gt I have taken the service of. If we are unregistered then It is not there. We are registered ourselves. Any There is no service like Mandore. Normal Taking the service. Transportation Key Tax will be levied and we will pay it to RCM. We Meaning who? ABC Pvt Ltd Limited. if yes who will discharge the tax Liability. the services are liable to tax and Ram Enterprises will discharge the Tax liability. the services are liable to Tax & ABC. So, we will give it to you. Ram He will give me a little. We will give it in RCM. ABC Will discharge the tax liability. I have B It seems. Let's see. C and D. say this there is an accent it is not an accent and This is saying both are half-half parts We will pay half the tax. nothing like that either Is. So the answer to will come first is also very was easy. The first question was easy. Moving Forward

29:12 Are. The details have been given to you below. The The following details are provided by ABC for the April to June quarter for Financial Year Three. Mean Current Financial year. so we are going to discuss the current financial are in the year. two financial years before that has given us the data of. Financial Year One and two. Financial year three is currently going on Which is the current financial year. Ok? Turnover of goods provided, service provided It has been kept. Ok? Interest income has been given. To GT We paid this much and purchased some stuff, I received the service. We will give you the details of all these I have given it. perfect Is. The raw material mentioned in point number Five which we purchased raw material 5,26,000 received by ABC in April In its factory located in Lucknow Uttar

29:58 Pradesh Including Goods Including Goods Amounting to 22,26,000 received from Akash Enterprises On The Instruction from Abhijeet Enterprise. Understand what I am saying. Ok. Who are we? ABC Who are we? Carefully lower the volume. Sound Means the sound is fine. Speed ​​is low. ABC is us. we got the stuff With whom? We got the stuff from the sky. we have this got stuff sky From. On whose instructions? Sky Enterprises has it. Look on the Instruction received by Abhijeet Enterprises. What did Abhijeet do? Instructions to Akash Provided that you deliver the goods to ABC

30:45 Two. Ok? It's ok brother. Now the sky which where is he from? He is from UP. Ok. Where is ABC from? Which is us. We He is also from UP. Of Lucknow. It is written. ABC Limited Company is based in Lucknow. In UP. And where is Abhijeet from? abhijeet He is from Gujarat. Bill must be feeling like shift two. Sky The relationship between Abhijeet and There will be built to shift two ones. 10 One Bee And what is considered place supply in this case Will you go? Akash and Abhijeet will be considered Gujarat In between. and now the sky has given us things Sent it on Abhijeet's request. What does it mean Dealing took place between ABC and Abhijeet It will be. Brother ABC knows Abhijeet. He knows Akash a little. Ok? So this is us

31:32 We will accept that Abhijeet has given us the goods Sent it. Ok? and its place supply What will be considered? will be considered as UP. On S Section 10 1A Movement of goods wherever will end. So look between Akash and Abhijeet what is the place supply of the relationships that were in Agreed Will you go? Look in whose name the bill is being made. In whose name the bill is being made, the bill is being made Gujarat in the name of Abhijeet. and in the second case What will be considered place supply? UP where Ultimate movement is ending on this too Is. Let us look at the question once. Sure! the question will be this Pay. Here it is. What Will Be the Place Supply For Supply of Transactions Between ABC Abhijeet and Akash. Ok? Place Supply Between Abhijeet and Akash. See Abhijeet What is the distance between Abhijeet and Akash? will be? Look, what would have happened to a simple scene?

32:19 I will tell you. ABC had ordered Abhijeet To send the goods to. Abhijeet had No. Abhijeet gave the order to Akash and I gave you instructions to deliver it Here at ABC. Then the difference between Abhijeet and Akash is What will happen to the place supply in between? Who Bill 2's location is Gujarat that place It will be supplied. so what did they say that the place supply between abhijeet and akash is the principal place of abhijeet The enterprise that is Gujarat. So, Gujarat We will agree and IGST will be levied. Ok? and place supply between abhijeet and ABC. Now look at this Abhijeet and ABC hum What should be the place supply between the two Will you go? It will become UP. wherever the goods are The location of is the same as the location of ABC We will assume place supply. and the place The supply between Abhijeet and ABC is the Location at which movement of good terminates That is the factory of ABC Lucknow, UP. And what will be the cost in this case also? IGST It will be applicable because the supplier is from Gujarat

33:04 The receiver is from UP. IGST will be levied. I think the answer will be the first one because The first one is fitting. It is fitting. IGEST has to be applied in both the cases. Once check the answer You. The first answer to the fifth question is the Right answer. If you still don't understand it You should read this reason. By the way, I took the class I made you ask a lot of such questions inside. The classmates must be missing me. that hope There was a question about enterprises. So we have I asked many such questions. infact Their revision is also done inside the revision videos I did it. You must have understood it easily. Bill This was a two shift case. Ok? I have asked two questions till now. Question number one and fifth. Ahead Come. This is some foundation. No Charitable There is a trust which comes under 12 Double A. And

33:53 The Trust organises sessions on Yoga and Spirituality. on yoga and spirituality He organised the session. in the state of up and charges participation fee for The same the total fees collected is 250000 so look Remember we said that if anyone Religious or charitable trust which generates income It falls under section 12 double A 12 AB of the Income Tax Act. And it provides four types of services, including Tha Advancement of Religion Spirituality Yoga was also a part of it, so got exemption in it She goes. You might be remembering four types of What was the service? The first was that he was a Is anyone's mental condition bad? Treatment and care services public That was the health service exam Advancement of Legion Splicing Yoga Exam Was. There was an environment exam and then we said was that if you are doing skill development of prisoners or those who live in the village

34:39 Those whose age is more than 65 are poor and orphan I think that was an exception for the kids He might have recalled it from there. So that is what any Bhi Charitable Trust Advancement of Religion Spirituality is providing yoga service Then it will be accepted. So what is the total fees Was it collected? There was also an additional ITC of ₹50,000 Then you will not get ITC because outward Supply is exempt. So what is the answer to this Will you go? The expat will come. which of the The following statement is incorrect? incorrect He is asking you. incorrect in case of this About Foundation Vidhata Foundation I am asking. Services provided to Charitable and religious trusts are not Outside the ambit of GST Unless Specifically exclude those who are chargeable Under GST. So, this is correct. say this Look, it is specifically exempted That's it. Only four services were exempted Which one is that which comes in 12 double or 12 AB yes. It is not that all or any trust

35:25 Any service provided is an extension. As such Not there. There were only four services. So say this that services are provided to charitable Trust. if we are providing service Charitable trusts will not get any relief from GST It is not outside. Unlaced and Until If it is specifically an act then it is a different matter. Correct The thing is. So you have asked me the incorrect question. This is correct. So the first one is correct. All the activities of Vidhata Foundation R X from GST since it is a charitable Trust. This is speaking all the will of the Creator Activities will be accepted. not all Must be. There were only four. This is incorrect. This is incorrect. Third fee charged by any registered person for sessions on yoga and spirituality are except since the objective is yes then this Correct. It is exempt. Ok? Egempt Is. what did you ask which brother

36:12 is it incorrect? The answer will come c. of Forth What will be the answer? come to c Needed Answer C of Fourth. That is second. You have asked it incorrectly. the same incorrect Was. Ahead See. I have read this question. The question is done and there are three questions together Got along with. First, Fourth and Fifth. Come to the second question. weather abc private limited could have Opted for Composition Scheme Old Composition Is there any benefit in the scheme in the current financial year? can we come at all because Your turnover in the previous financial year That's it, it's around ₹10,000 How much will happen, see it once Your turnover in the previous financial year it is happening

36:59 102 + 925000 it is coming 111 2500 zeros so this is less than 1.5 crores so You can absolutely see its composition here. Welcome yes and you are interested supply of goods and Are you doing service? interest rate so do something He is no more. The answer with no is wrong anyway Went. So all three said yes. Now look ahead. Yes. however it could have provided Services up to a value of. then 10% you You can also provide service. So as much as I have had taken it out 1112500 you mean 10% service that is correct. So the first answer seems correct to me. In the third one it is being said that the service is for 5 lakhs You can give it, that is wrong. Speaking in Forth It seems that you can provide service for this much. It wasn't worth that much. How much was the turnover?

37:44 Turnover came to Rs 111250. So you provide the service You can 1112500. This will be the answer. The answer will come a. To's Answer A will come. It was very easy. Assuming ABC Limited has opted for Composition scheme. come under composition scheme Went. what shall be the total gst Liability? in the April to June quarter If in composition scheme then current What will be its liability in the quarter? He has asked you. Look at Turnover of Goods And add whatever service you have. interest It is exempt. Ok? Firstly, let's add these two and its 1% Let's do it. one first of all ₹12000 + 92550 we will do 1% of this

38:33 Went 25.5 This is 1% of it. Ok? okay brother? Now I have asked you the total in the question GST liability so we have transportation did you take the service of transportation or not This is the service from Ram Ram Enterprises 5% of the transportation service Tax will have to be paid on the amount paid in RCM For Services Received From Ram Enterprises So let's say 5% of 50000 We will have to pay ₹2500 more to RCM. And there is no RCM liability on us It wasn't there. and the one with composition scheme There was a liability, we saw that. interest Act always happens. It is perfect. so answer

39:19 what will come? 5125.5 + 2500 it is coming 13625.5 answer will come C. 13625.5 means 13626 in round figure He wrote it down. Answer C will come. 1% 5% of outward liability &gt.a It's sorted. Let there be a case study of this as well Went. case study number 14 15 pe aa Go. I will do 16 first. Let's do 15. Let us go.

40:05 16 was easy. Let's do 15. what do you say in 15 Used to be? see Are. G QF PVT LTD Registered under GST in the state of Maharashtra is engaged in manufacturing of goods which are used for further Production in Automobile Industry. so this This company manufactures such goods which Used in automobile industry. Just like we make cars, bikes, etc. They are useful in them. Makes such goods. The Company send some finished inputs to job Worker. What is the company doing? Some Finnish Sending inputs to the job worker. Yamuna Enterprises and Jamuna Enterprise do job Workers are necessary for processing the process goods are sent back by the job worker to the company where they are used for Manufacturing the Finished Goods Job Work so what did we say that this is a case Capital goods should be returned within a year

40:51 The goods must be returned within 3 years and If a principal gives his job worker is giving the goods and that is the interest supply of If there is goods then in that case 50 km. fewer It will be available even if the distance is . Because here it is 35 km. I am seeing Then I remembered the concept of e-way bill I came in. It is written here that Yamuna Enterprises has its place of business in Maharashtra. Place of Yamuna and Jamuna I have a business in Madhya Pradesh. Where is GQF? what is it? GQF is from Maharashtra and Jobs Worker Yamuna is from Maharashtra but Jamuna is from Madhya Pradesh which is only Only 35 Km. It is far from GQF. Brother Even if it is 50 km. but is less than Interest is the supply of goods. Principal If he does it to his job worker. Even if 50 Km. Compulsory EV bill even if the bill is less than It is made. There should be a question on this

41:37 Needed Third Wala Weather GKF Private Limited is required to generate EV bill in case of Transfer of goods to Yamuna. Yamuna Middle If it is in the state, will e-way bill be made? The answer will be yes. The first two answers are wrong Have become. Yes E-way bill is required to be Generated Mandatory in Case of Interested Supply of goods by principal to job worker Irrespective of value of consignment. yes Eway bill has to be generated mandatory for Every interested movement of goods. Every No not every bro. Principal to Job If it is a worker then not every one. then answer will Bickham C. Answer of third will come as C. if that The principal will give the goods to the job worker Interested supplier proof, then e-way bill will form. What question was this? Question It was number 15. I think so, right? of 15 There was a question regarding e-way bill C. C of 15 Your ans is correct. Moving Forward

42:32 Are. The Company Import Some Raw Material Store The Same for Few Months in the Warehouse Operated by Gajanan Enterprise in the State of Tamilnadu. Understand what I say carefully Speed ​​a bit low. The company is saying this Imported some goods. Ok? and that Goods stored by Gajanan Enterprise Here in Tamilnadu their ware It is a house. Later on it is transported. let it on is transported to the company's factory in Maharashtra. You imported the item first and deliver the goods to Gajanan Enterprises kept. Then pick up the stuff from there and you Brought it to his factory. and where is that Was? It was in Maharashtra. You first know Tamil Nadu I keep it. Then you pick it up and take it to Maharashtra You are coming for that stuff. Ok? Gajanan Enterprises is not registered under GST. that it is not registered under GST Is. The Aggregate Turnover of Gajanan

43:18 Enterprises in the current financial year till Date is ₹18,25,000. So what is Gajanan? It is unregistered. Ok? The Company Maintains All the records and documents and books at Its place of business Maharashtra. First The question is about Gajanan. Once Let's read it. Gajanan Enterprise Owner Of Warehouse in Tamilnadu wishes to neither weather it is required to take compulsory Register or not. Do they register do you want it? No. not so far If threshold exit is not reached then do not take it. Gajanan you imported the goods. Gajanan kept it here. You might have given some money. That was not mentioned in the question. How many? You gave me the money. Ok? so the point is this is asking you that for the service you have taken from Gajanan What is Gajanan's turnover till now? Has it happened? It has become 18,25,000. So what Gajanan

44:06 has to get registration What? I will not take it. Yes I am saying. No. No Gujan Enterprise is not required to take registration as Its aggregate does not blow the threshold limit however he is required to obtain unique Enrollment number yaar this is a practical thing Maybe it's not in your books. It won't be in the syllabus but it will be Practically it happens that these kinds of People have to get a unique enrollment number who deals in warehouse etc. No, they have to take it forward, yes Gajanan Enterprise Required to Tech If registration is yes then it will not happen, what is the answer Will be done Gajanan Enterprise Needer Required To Take Registration No. Unique Enrolment Number. So You might get confused in the exam inside the point containing b and c because a and

44:51 D is clearly understood that Registration if threshold exit is not done No need to take it. It might be possible for you to There is confusion between B and C. But I will tell you practically. Don't know Why did he ask this? practically You have to get a unique enrollment number. Anyone who deals in this type of business Are. Ok? Let's look at the answer once. what is the answer for first Will you go? B. And what was ours? B. Correct. Ok? So the registration is Do not take it as threshold has not been exceeded But they were given a unique enrollment number. I will have to take it because what have they done Are? Maintain books of accounts etc. Are. like accounts and records if you If you look at the chapter, it might be inside it Have you told me anything regarding this? oldo so much this There was no matter of category. but yes if If your exam studies become like this then you Will have to be careful. Ok? Unique What have we read about the enrollment number?

45:38 that that is ECO, if you through ECO You sell the goods and you have to take it from him. Look, let me tell you. one is common Unique Enrollment Number. If you sell goods through ECO Then you have to take it. if you If unregistered and interested supply If you are doing of goods then you must have seen it It has been kept. The next thing that happens is if there is a GT There is a transporter and he is multiple Multiple states are doing business with the states He also has to take it from there. like you're somebody He is a transporter to different places It is registered. telling a practical thing Am. There is a transporter who goes to different places It is registered on . So what does he do? have ever The goods are being sent from one state, sometimes from another Sending from the state. So there are different GST The number is coming. So the government said that There is confusion. It is better that you are a Go to the portal and get the Common Unique Enrollment Number Take. So now on every consignment note of yours

46:23 He is the one who comes. then ok Is? So its first answer will be B. If you don't go into so much detail. just listen once Took it. It is more than sufficient. of going crazy There is no need. Ok? Look ahead. Ahead What is given in the question? be careful Hear These details have been given to you. GF has given the turnover of Rs. and GQF Private Limited Procure The Service Of Speed ​​Ofost Enterprises Having A GTA its place of business in maharashtra, Gujarat and Kerala. So he has a GTA You took service and who is GTA? Speed ofost enterprises and that from three places He is doing business. Maharashtra, Gujarat and Kerala. Speed ​​Ofost Enterprises Registered in all the states. So brother this The same concept that I was telling you about No, it will be applied here as well. Speedofast Joe There are enterprises in all three states It is registered. GQF PVT LTD

47:09 Transport Its Finished Goods to Different Customer Located in Maharashtra Through Speed Ofost Enterprises Speed ​​of Fast Prepare a consignment note containing all the Details of the consignee. So what you I have taken the service of GTA, GTA all three It is registered in the States. So this too Common Unique Enrolment Number has to be taken. math speedofast enterprise disease two Obtain a Unique Common Enrolment Number for Generating Eevee will be which of the following The statement is true. It is saying that this There is no need. Not eligible. Eligible Is. When does he become eligible? When you are a Be registered in multiple states. You Are you doing transportation business? So What happens? again on top of the consignment note You can enter the registration number of different states You put it. So the government did a better job He told me that you can go to the portal and find a unique Take? Get the Common Enrolment Number. So every That will be common for you. By your PAN number That link remains. Basically. speed of fast

47:54 Enterprises eligible for obtaining CEN As a transport. CN means common Enrollment Number. As a Transport Register Multiple states with same PAN is eligible for The Same After Obtaining CN It Can Be Used Here CN and GSTN are saying that After getting the Common Enrollment Number you can either You can use CN or use GSTN. Doesn't happen like this. Then you should use CEN only. It has to be done. If you use GSTN then Confusion arises then because different GST numbers are visible. This feels wrong To me. Is not eligible. That would also be wrong Can. Is eligible for opening CN as It is registered in multiple states with the Same pen. after opening cn it can use it For generating eway bill. That's absolutely correct. And the updating part is also the e-way bill On top of that you can enter your Common Enrollment Number Can you show me? It is not that you can use CN Do it or use GST N. buy again Why are you taking CN? Answer of Second what will come? D will come. it took a little bit

48:41 It would be strange. This is your practical touch I have asked about things. not that much of a problem Is. They will not ask anything like this in the exam. If If you ask, I will ask this. just this me I am giving you a guarantee. So you are thinking that if you ask me something new then I have not done any practical work. Nothing Those who ask. more and more the same question will ask. If you ask something then it is a question Number one and two a little practical touch There was a feeling like that but you will pay attention. Now Please look at this question once. Ok? And I have already solved the third question Was. The one with e-way bill is sorted. We I have already read it. Moving Forward Are. Speedofast Enterprises want to Transport multiple consignments of GQF in a single conveyance. He is the same one Multiple consignments inside the vehicle Wants to transport. Consolidated EV I think the concept of the bill should be From. Now it is saying that individual EV bill is We just made it. Ok. what one

49:26 Can also make consolidated EV Are? It is the same conveyance. There is also a single EV bill then make multiple also Take. Answer will come yes speed of enterprise Can generate a consolidated EV bill. if all the ive Bills have different validity period end Even if transporting consignment of Different consignments are a single conveyance. from that Doesn't matter. Validity Period How much is it? Who will get the goods for any EV bill? It doesn't matter who is going here. What is the concept of Consolidated EV Bill for? Was? Let's see the answer. yes that is correct. Answer will come is the correct answer. No, it is fourth's. Wait for the Fourth If answer is B then B is the correct answer. This is my own I am doing B. The point is that

50:12 Look, you read the Consolidated E-Way Bill. Was. what was there in it that inside the same truck Luggage of multiple people is being taken. Now As many as you can imagine inside a conveyance Luggage of 10 people is being carried. So 10 There is an individual e-way bill. Now you are an officer You won't show it to him alone. So What can the transporter do? Can generate consolidated e-way bill. whichever The individual goods are its consolidated Can make it. But what difference does it make Who is the recipient in front of you? any difference It doesn’t matter. They will be different. No, the luggage of 10 people cannot go inside a truck If it is there then there must be 10 different people. then from him Doesn't matter. this is in this question I am confused as to which end is which receiver Yes, they are different. what difference does it make and the validity of their e-way bill is different Is. Someone's goods are arriving in 2 days Yes, someone's is arriving in 3 days. So The validity of someone's EV bill is 2 days, For some it is 3 days, for some it is 4 days, for some

50:58 of 1 day. It doesn't even make a difference Would have fallen. You can create a consolidated EV bill yes. The answer is yes that you can pay consolidated EV bill Make it. There is no problem. the answer will become B. Case study 15 was fine. a little You must be looking out of the box. But You have done it once with me now. more than It is sufficient. There are two easy questions in this too There were quite a few. Two questions were somewhat okay. Correct Is? Let's go sir. Case Study Number 16 Galgotia Travellers Ltd. Galgotia doesn't sound like a familiar name. Sir, what is Galgotia Travellers? Is? The city was established on the third of April of bore and the primary objective of the Company to provide AC contract basis Passenger Transportation Service at Affordable fare so what does the company do Transportation service is provided by AC

51:45 Contract basis the company obtains any rights Registration from first half to current The company has become first in the financial year Registered since May and First of July the Company Purchase Motor Vehicle Omniverse Various Sign Capacities Remember we read that if you provide transportation service If you give it through any ECO then in that case ECO pays tax. Like if you took a cab If you run it and provide service through Ola then Ola pays taxes. but if you are a company Yes, you have an omnibus and you provide omnibus service So in that case the supplier pays the tax. You must be remembering me as soon as you see the omnibus The same concept was recalled in my mind. And You purchased vehicles on 1st July To. Look, in the ITC chapter we have I saw that if the horn of a vehicle Capacity up to 13 is including driver So you don't get ITC on that. But if he

52:30 Vehicle for passenger transportation Do you use it or use it for further supply Do If it happens then what happens? ITC is available. So in this case this person will get ITC will go. So he purchased these four vehicles Are. There was a vehicle worth Rs 10 lakh. So Pay attention to quantity also. Ok? And This is done on CGST, SGST, IGST Is. Data is provided to you for the month of July GTL which is Galgotia is Poco Limited Associated with. And what is Poco? Poco has an ECO platform under the hood. Meaning you are providing your service through ECO But you yourself can avail this company and Omnib's service If you pay then you will have to pay the tax yourself. Poco Tax He will not give. What did the company do? which Poco He has created his own application. App and collects that money from the customer He does it and after deducting the commission gives it to Galgotia Gives. It is a normal thing. of July month I have provided you with the data. These Bookings Are Open by GTL on its own account and not

53:17 Thru Coco. Now these bookings are given to you Yes, he has done that from his own account. ECO Not sold through. supplied through own Is. So this data has been given to you. and invoices Whatever is there, we issue it immediately. Journey After that. and this data is given to you July month, August month and September the cheek of the month gotia which he took with poco Through service is supplied. some data is Through myself and some through Poco The data has been provided. and to you in the question Asked the amount of blocked credit. Block What will the credit be? On the first of July. So The vehicles you purchased on 1st July I have asked you for the block credit of the things that I have done. There will be no block credit. To you You will get full ITC. Answer of first what will come? D, CGST, SGST, What will happen to the IGST three? be nil Will go. Second, I have asked you the amount of GST Payable Through Electronic Cash Ledger By GTL which it serves through Poco

54:03 How much tax would he pay on that? So brother If there was an omnibus service then it would pay the tax. He has opened a company. Poco will give it No. So the answer with nil will not come. it You will have to pay tax on this yourself. july Asking you for the month. july month The service you provided through Poco ₹1 crore 30 lakh was given. on which CGST There was SGST. The IGST was ₹4 lakh. So Look, let us talk about CGST in the month of July, IGST and IGST then 9 lakh is yours

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