Understanding Supply Under GST Regulations
10 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

When are services provided by an employee to the employer considered outside the scope of GST?

  • When they are provided in relation to the employer's business
  • When the value of the services is less than ` 50,000
  • When the employer and employee are not related persons
  • When they are provided in course of or in relation to the employment (correct)
  • What is the significance of gifts by an employer to an employee valued at ` 50,000 as per Schedule I of the CGST Act?

  • They are subject to GST at a special rate
  • They are treated as supply of goods
  • They are exempted from being treated as supply of goods or services (correct)
  • They are considered as supply of services
  • What is the key factor determining whether transfer of goods between two places of business under the same PAN will be considered a supply under GST?

  • Whether there is separate registration for each place of business (correct)
  • Whether the transfer involves payment in cash
  • Whether there is a legal contract for the transfer
  • Whether the goods are movable property
  • Why do moulds and dies sent free of cost (FOC) by Original Equipment Manufacturers (OEM) to component manufacturers not constitute supply under GST?

    <p>Because there is no consideration involved and they are not related or distinct persons</p> Signup and view all the answers

    In the context of GST, when are gifts from an employer to an employee considered non-commercial supplies?

    <p>When there is no consideration involved</p> Signup and view all the answers

    What determines if the supply of goods or services between an employer and employee is subject to GST?

    <p>The nature of the relationship between the employer and employee</p> Signup and view all the answers

    In GST context, why are services provided by an employee to the employer not considered as supply?

    <p>Because they fall under Schedule III of the CGST Act</p> Signup and view all the answers

    Which characteristic distinguishes non-commercial supplies in GST from commercial supplies?

    <p>The absence of consideration and personal relationship between parties</p> Signup and view all the answers

    Why does Schedule III of CGST Act treat services provided by an employee to employer as outside GST scope?

    <p>To simplify tax treatment for internal business transactions</p> Signup and view all the answers

    What factor primarily determines whether goods transferred between two places of business will be categorized as supply under GST?

    <p>Whether separate registrations exist for each place within the state</p> Signup and view all the answers

    More Like This

    GST and Customs Regulations Quiz
    39 questions

    GST and Customs Regulations Quiz

    SolicitousOklahomaCity avatar
    SolicitousOklahomaCity
    GST Composition Levy Scheme Quiz
    10 questions

    GST Composition Levy Scheme Quiz

    SmoothestCharacterization avatar
    SmoothestCharacterization
    Use Quizgecko on...
    Browser
    Browser