CA Inter GST MCQ Solutions May 2026 | Paper Analysis & Overview 🔥| May 26 Exam | #cainter

Ajouté : 2026-05-09

[00:00:00]Ma'am, what can I say about the taxation paper. It was so difficult. You should not even ask about direct tax. Meaning it was above average. Meaning what does ICI want?

[00:00:10]I have also received many such reviews from many students which included both Income Tax and GST. Ok? But I heard that GST was a little manageable. Isn't it? There were many points which children could easily attempt. And who studied with conceptual clarity.

[00:00:28]And he came back with a very good paper.

[00:00:30]I spoke to the student. I received messages from students. So I thought, how about I bring you guys a GST MCQ? Let me tell you the answers so that you can check them and if there is any confusion, it will become clear to you.

[00:00:43]But it is recommended that students who have Group 2 exams right now should not watch these videos.

[00:00:48]Please keep your focus on your group two only. Ok? You can check it after the exam, there is no problem. OK students?

[00:00:55]Let's start. It was easy but there were some tricky points where you had to use your brain very well.

[00:01:05]Right? So I taught you what you have to read first?

[00:01:09]MCQ questions have to be read in the last.

[00:01:10]You have to answer from nine to fourteen.

[00:01:13]First effective date of registration. Second how much tax is payable by HG H HGN Company. Then import of services during the month. How much amount is there in it? After that you have to tell yourself when will be the date of the invoice and tell the place of supply. Right? Another one had to be told by 14th.

[00:01:32]Ok? Needs to Furnish Furnish a statement containing details of stock of inputs, inputs and semifinished goods.

[00:01:39]Ok? So by when do you have to furnish this statement with all the details of the stock? Ok? Ok? Then this is the next question.

[00:01:46]Ok? He will read it. Let us go. HAG & Co. A Partnership Firm Referred As Firm Is Engaged In Manufacturing. I have said that each word has to be read very carefully.

[00:01:57]Engaged in manufacturing of semiconductors located in Sanand Gujarat.

[00:02:01]Now the firm becomes liable for registration on 14th of April 2025. Because his turnover had crossed 40.

[00:02:09]Ok? Meaning, when was it liable for registration? On 14th April. And when did you apply for registration? 12th May 2025. Did you apply within 30 days? Yes, I did it. No matter when you get the registration certificate.

[00:02:22]What will we consider as the effective date of registration? When he was liable for registration. So you see, the first question we had was what would be the effective date of registration? It will be 14th of April, right? I changed it to May. Yes, April.

[00:02:36]This is 14th of April. Ok. Ok. Will come after that. HAG & Co. opted for composition levy at the time of registration.

[00:02:47]Ok? and what was the total turnover of the firm for the quarter ending June 2025?

[00:02:54]112 Lax. Ok? Out of which the taxable supply was 102 lakhs and the exempt supply was how much? Of 10 lax. Now exempt supply which has been undertaken only during the month of June 2025. Ok?

[00:03:07]And on 11th July, the turnover of that firm crossed Rs 150 lakh.

[00:03:11]Ok?

[00:03:13]Ok. OK then he opted out for withdrawal from the composition scheme. Ok? Now here we were asked if you remember the tax payable for the quarter ending June 2025. Now if many children would have used their brains then they would have known that this HAGN Company Partnership Firm is a manufacturer. And how do we work out the tax for the manufacturer?

[00:03:40]Whose percentage does each one apply to whom?

[00:03:42]1% of turnover not 1% of taxable turnover. So some children might have got confused whether 1% was taxable or total turnover. It depends on what that person does? Is he a manufacturer or a trader?

[00:03:56]Right? So because there is a manufacturer.

[00:03:58]What will we do? Will take 1% of total turnover.

[00:04:00]That is 112 le uska 56,000 ich aa jayega answer. Right? I hope you guys used your brains. Ok?

[00:04:11]You guys will come after that. Yes here like the turnover of the firm crossed 150 lakhs on 11th July. Right? Now here if you have seen this thing which I had told that HAG & Company has to do statement furnishing. But obviously it has to be done.

[00:04:25]Now he is coming out of the compression.

[00:04:26]So tell me how much stock you have. Ok? When will he be able to furnish it? When he crossed his turnover, he was within 30 seconds. Right? So it will have to be furnished by 10th of August. Okay students? Is it okay madam? After that you all come to the next part. The firm imported the following services during the month of October 2025. There is also a question of import as to what amount and how much amount of service has been imported. Ok? So, first look, what is the point written?

[00:04:54][Sound of clearing throat] Management consultancy services from Mr. Vijay Kapoor, Rannod Lawyer in Dubai.

[00:04:59][sound of clearing throat] Okay? Who was an ex-employee of the firm. He was an ex-employee of the firm.

[00:05:03]What was the value? 2 lakhs. Even two it was used in the furtherance of business. No Consideration Was Paid by the Firm. It comes without consideration. It should click in our mind that we are talking about Schedule One.

[00:05:15]In Schedule One, there was one point in Para Two related to person and the other in Para Four was import of service. So if you look at the import of service, it will be considered as supply without consideration only if it is for business purpose. Plus it should be from a related person. Is an ex-employee a related person? Have we read this anywhere? Haven't read it. So the ex-employee is not a related person and hence it is not a supply. Ok? Ok. After that look at the architect service from Mr. Sunil who is a partner in HSG & Company who receives in frank for ₹150 payment means with consideration. Ok? But it is for personal purpose. Okay yes ma'am. So now see, if the payment is made with consideration, then whether it is for business purpose or personal purpose, it will be a valid supply. So what valid supply can we show here for ₹1,50,000? What?

[00:06:06]Absolutely you can. Ok? Ok madam.

[00:06:10]After that it reached here. Then look, it also entered into a contract with VGT Limited of Chennai on 12th of September 2025. For the supply of taxable goods worth ₹1 lakh. Now when was the payment received? On 14th September. Goods were scheduled for delivery on the 27th. The entire delivery has not yet been completed on the 27th. It has been scheduled. Right?

[00:06:35]But do you know when the goods were removed from the factory on 26th of September 2025 and do you know what you were asked, the date by which an invoice must be issued, by when should the invoice be issued, so we had read in section 31 that if movement is involved in goods then before and at the time of removal of goods, so here when is the removal taking place on 26th September, so what will be the answer, 26th September, okay done, okay, what is the last date left? HHD & Co. Supply Taxable Goods in the Territories.

[00:07:09]Well which is located at a distance of 11 nautical miles from the base line of Kerala and nine nautical miles from the base line of Tamil Nadu. So what did we learn?

[00:07:20]Here you might have also asked yourself the place of supply.

[00:07:22]What will be the place of supply for the transactions with SLM Limited?

[00:07:30]What would be the place of supply for the transaction that took place with SLM Limited? So the place of supply is considered to be that if the supply is done in the territorial waters then the nearest coastal state. Now which is the nearest coastal state which is nine nautical miles away from the baseline of Tamil Nadu, so here what will be Tamil Nadu, your place of supply will be considered to be yes or no, sure, ok madam, right now yes, look at the 15th, Mr. Aman is a registered person, he is a regular monthly return filer, do you know when he filed the June return, on 25th September brother, the June return is filed in July. You file in September, now you will have to pay the interest and you will have to withdraw the interest only.

[00:08:08]Ok? Liability GST liability worked out to be what how much?

[00:08:13]30,000. Ok? For the supply made in the month of June 2025 which was paid in with 3B for June 2025 on 25th September. Now what will be the total interest amount payable under the CGST Act? What will be the total interest amount? So you will have to calculate the doses.

[00:08:30]Right? What is the number of delays?

[00:08:32]Of 67 days. Ok? Where will you take it from?

[00:08:35]From 11th July to 25th September. Ok? And accordingly your interest will be this much. I have been asked to assume 365 additional charges. 991 will be your answer. Ok? Ok? Then Miss Mr Suraj Apparatus is registered under GST in the State of Rajasthan. It sells leather handbags across India through e-commerce operator Y Card. Now why card not being an agent is registered with Madhya Pradesh GST authority as TCS collector ok and TCS he collected made through it ok on the supply made through it now Major Suraj Apparels made the sales of how much 460000 in that their sales return is what amount 88500 in the month of October now these sales students this is exclusive of tax.

[00:09:21]Ok? Yes, this is exclusive of tax.

[00:09:23]But look here, how well the point is given. Sales return is inclusive of tax. Now here you will have to first remove the tax from the sales return.

[00:09:33]What will you do with it? You will calculate TCS on the net value of supply in the net amount. Ok? So leather hand bags are taxable at the rate of 18% IGST.

[00:09:44]You have to calculate and tell the amount of TCS. So look, here you cannot directly do minus, right?

[00:09:48]460 - 88500 is not to be done. First you have to remove the tax amount from Rs 88500.

[00:09:55]What is the amount? Of Rs 75000. Ok? Will come.

[00:09:58]Then you return sales minus sales.

[00:10:02]Then according to 5% your TCS will come to Rs 1925. Tell me how many students got the entire MCQ of GST correct? If you guys are watching now, it was not that typical. Ok?

[00:10:16]In normal registration you were asked about effective date, then invoice, then place of supply and basic information. If you are clear with the basic concepts then you will be able to make it for sure.

[00:10:25]Tell me did you find anything difficult in this ma'am, how do you know there is exam pressure there, I know DT also has to be done, IDT also has to be done, time management also has to be done, that is all we prepare before going to the exam to perform in those three hours, okay so you guys please tell me in the comment section how your paper went, okay and were my videos helpful to you or not and if your paper did not go very well, you need some guidance then you will be having my marks. In this you can send WhatsApp messages.

[00:10:58]I will definitely reply to you. I will help you to make further strategies.

[00:11:03]And if you have any doubts, you can message me on this number. Ok?

[00:11:08]But let me know in the comment section. Ok?

[00:11:11]If you guys are my regular subscribers and have watched my videos regularly, then I should also know whether you got help from my videos or not.

[00:11:21]Okay students? So see you in the next video. Till then all the best.

[00:11:25]Buy and take care.