Page 83 - CA Final GST

Badlani Classes

(5) Hiring of audio visual equipments for an event : `15 lakhs
(6) Hiring of pandal or shamiana for organizing functions/events: `20 lakh
(7) Hiring of a machinery with transfer of right to use : `60 lakh[The rate of tax on sale
of such machinery (with transfer of title) is 12%]
(8) Hiring of agro machinery for use in agriculture: `15 lakh
Ans. Computation of Value of taxable supply
Renting of bus to state transport undertaking Exempt
Renting of goods vehicle to a goods transport agency Exempt
Renting of cars designed to carry passengers to a goods transport agency 20,00,000
Renting of dumpers 15,00,000
Hiring of audio visual equipment for an event 15,00,000
Hiring of pandal or shamiana for organizing functions/events 20,00,000
Hiring of a machinery with transfer of right to use 60,00,000
Hiring of agro machinery for use in agriculture (Exempt vide Entry 54) Exempt
Total Value of taxable supply 1,30,00,00
0

Que. Compute taxable value of a courier agency (all sums exclusive of taxes)-
1- Door-to-door transportation of time-sensitive documents : `4 lakh:
2- Door-to-door transportation of goods: `5 lakhs
3- Express Cargo Service: `6 lakhs
4- Angadia services: `3 lakh:
5- Courier of documents from clients in India to be sent outside India: `10 lakhs:
6- Time-sensitive documents supplied by customer by coming to courier agency’s office
and, then, transported to various places: `7 lakhs.
7- booking of posts from Jammu and Kashmir;s residents to other parts of India: `2 lakhs.
8- Transmission of cash from one place to another in India by passing instructions: `10
lakhs
Ans. Computation of taxable value
1- Door-to-door transportation of time-sensitive documents : `4 lakh-Taxable, as courier
agency is excluded the scope of exemption:
2- Door-to-door transportation of goods: `5 lakhs-Taxable as courier agency:
3- Express Cargo Service: `6 lakhs-Taxable as courier agency:
4- Angadia services: `3 lakh-Taxable as courier agency:
5- Courier from clients in India to be sent outside India: `10 lakhs-Taxable-Since both
provider of service and recipient of service are in taxable territory, hence, as per
section 12 of IGST, PoS in India.
6- Time-sensitive documents supplied by customer by coming to courier agency’s
office: `7 lakhs.-Taxable as courier agency; door-to-door transportation covers case
if customer comes to courier agency to book courier.
7- Booking of posts from Jammu and Kashmir;s residents to other parts of India: `2
lakhs.-Taxable; PoS as per general section 12(2) of IGST is place of location of
recipient of service viz. J&K and taxable.
8- Transmission of cash without actual transport of cash : `10 lakhs- Taxable
EXEMPTION : Goods Transportation Agency (GTA)
Entry 21 Services provided by a goods transport agency (GTA), by way of transport in a goods
carriage of –
- agricultural produce;
- goods, where
a- consideration charged for the transportation of goods
b- on a consignment transported in a single carriage
c- does not exceed Rs.1,500; Page82
- goods, where

Central Goods & Services Tax Act, 2017