Jun-24
Question 3(a)
S No Particulars GST? Input/Output
Amount collected for loading, unloading,
1 packing and warehousing of Potato Chips Yes Output
Fee paid for Yoga camp conducted by a
Charitable trust registered u/s 12AA of the
2 Income Tax Act, 1961 for employees No -
3 Interest received on Fixed Deposits No -
Professional services provided to a Foreign
4 Diplomatic Mission Yes Output
Receipts from running an educational
institution (including rent for residential
5 dwelling) No -
6 Renting of motor vehicle (GST- 5%) Yes Output
TOTAL
Note: Taxable value is mentioned for understanding purpose
Reason Taxable Value CGST
Assumed that these goods are used in the course or furtherance of Business 15000 1,350
If Yoga camp is conducted by Charitable trust registered u/s 12AA of IT Act, it is
exempted as per Notification 12/2017. Hence you cannot claim ITC. 20000 -
As per Notification 12/2017, services by way of extending deposits, loans or advances
where the consideration is represented by way of interest is exempted under GST. 40000 -
Assumed that these services are provided in the course or furtherance of Business 50000 4,500
1. It is mentioned that the educational institution is covered under notification
12/2017 (exemptions under CGST) and notification 9/2017 (exemptions under IGST),
so since what service is provided by the registered person is not specifically stated in
the question, it is assumed that the service mentioned in this notification is provided
2. Rent for residential dwelling is exempt under GST, hence nothing is taxable 3500000 -
Assumed that these services are provided in the course or furtherance of Business 200000 5,000
TOTAL 10,850
SGST
1,350
4,500
-
5,000
10,850
Jun-24
Question 3(b)
(i) (ii)
Particulars
CGST SGST CGST SGST
Output Tax Payable (A) 180,000 180,000 180,000 180,000
ITC available for utilization (B) 70,000 70,000 250,000 250,000
ITC Utilized (C = Min of A & B) 70,000 70,000 180,000 180,000
Net Tax (D = A-C) 110,000 110,000 - -
Tax payable under RCM (Payable in Cash only - E) 40,000 40,000 40,000 40,000
Net Tax Liability (F = D+E) 150,000 150,000 40,000 40,000
Rate of Interest (Per Annum - G) 18% 18% 18% 18%
No of days delay (H) 51 51 51 51
Interest payable (I = F*G*(H/366)) 3762.295 3762.295 1003.279 1003.279
NOTE: As per Section 50, interest on belated filing of GSTR-3B will be calculated on the tax
amount that is paid through Electronic Cash Ledger
Due date for filing GSTR-3B for January 2024 ###
Actualt date of filing GSTR-3B ###
No of days delay 51
Dec-24
Question - 3(b)
S No Particulars
(i) Inputs used for the manufacture of the final product
(ii) Goods destroyed due to natural calamity
(iii) Food and Beverages used in dealer's meet
(iv) Food and Beverages purchased for employees during
office hours
(v) Goods used for setting up Telecommunication towers
(Immovable Property)
(vi) Account paper for photocopying machine used in
admin office
(vii) Goods used for providing services during warranty
period
TOTAL
Reason GST
Used in the course or furtherence of business hence, can
claimed as per Section 16. 35,000
As per Section 17(5), credit cannot be claimed against goods
destroyed -
As per Section 17(5), ITC cannot be claimed on food and
beverages unless used in the same line of business or as an
element of taxable composite or mixed supply) -
As per Section 17(5), ITC cannot be claimed on food and
beverages unless used in the same line of business or as an
element of taxable composite or mixed supply) -
AS per Section 17(5), ITC cannot be claimed on construction
of any immovable property other than Plant & Machinery,
however Telecommunication towers are not covered under
Plant & Machiniery. -
Used in the course or furtherence of business hence, can
claimed as per Section 16. 6,000
Used in the course or furtherence of business hence, can
claimed as per Section 16. 12,000
TOTAL 53,000
