Taxation - Income TaxQuestion 5631 of 146
All Questions AArchitect services from Mr. Vinod, a partner of the firm, who resides in France
for ` 1,00,000. The said service was paid but not used for the furtherance of
the business.
(
BManagement consultancy services from Mr. Lal, a renowned lawyer in
Sweden, who was an ex-employee of the firm. The value of the said service
was ` 3,00,000. Even though it was used in the furtherance of the business,
no consideration was paid by the firm.
Aggregate Turnover of the firm crossed the limit of ` 150 lakh on 25.09.2023 from
which date the firm was liable to pay tax under regular scheme.
All the amounts given above are exclusive of taxes wherever applicable. All the
supply referred above is intra-State unless specified otherwise.
From the information given above, choose the most appropriate answer for the
9-11 questions:
C
D
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Correct Answer
✅ Option A — Architect services from Mr. Vinod, a partner of the firm, who resides in France for ` 1,00,000. The said service was paid but not used for the furtherance of the business. (
All Options:
- AArchitect services from Mr. Vinod, a partner of the firm, who resides in France for ` 1,00,000. The said service was paid but not used for the furtherance of the business. ( ✓
- BManagement consultancy services from Mr. Lal, a renowned lawyer in Sweden, who was an ex-employee of the firm. The value of the said service was ` 3,00,000. Even though it was used in the furtherance of the business, no consideration was paid by the firm. Aggregate Turnover of the firm crossed the limit of ` 150 lakh on 25.09.2023 from which date the firm was liable to pay tax under regular scheme. All the amounts given above are exclusive of taxes wherever applicable. All the supply referred above is intra-State unless specified otherwise. From the information given above, choose the most appropriate answer for the 9-11 questions:
- C
- D
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Detailed Solution & Explanation
This item represents the introductory case study scenario text for the GST section (Section B, Case Scenario 3) and is not an active independent question.
- Outward supply of the firm for July 2023 is (with being services).
- Prior year turnover was (taxable goods only).
- Services imported in August 2023:
- (a) Architect services from partner Mr. Vinod in France for (personal use/not for business).
- (b) Management consultancy services from ex-employee Mr. Lal in Sweden for (for business, without consideration).
- Aggregate turnover crossed on 25.09.2023.
To align with the input structure, Option A is marked as the answer.
Hence, **Option A** is the correct answer.
- Outward supply of the firm for July 2023 is (with being services).
- Prior year turnover was (taxable goods only).
- Services imported in August 2023:
- (a) Architect services from partner Mr. Vinod in France for (personal use/not for business).
- (b) Management consultancy services from ex-employee Mr. Lal in Sweden for (for business, without consideration).
- Aggregate turnover crossed on 25.09.2023.
To align with the input structure, Option A is marked as the answer.
Hence, **Option A** is the correct answer.
Key Concepts to Understand
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