Independent MCQ's

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Independent MCQ's

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Kala Niketan School is an educational institution providing pre-school education and education up to higher secondary school. Which of the following services are exempt if provided to Kala Niketan School? (i)Transportation of students, faculty and staff (ii)Catering services (iii)Cleaning services performed in such educational institution

10 points

a. (i)

b. (i) and (iii)

c. (ii) and (iii)

d. (i), (ii) and (iii)

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Calculate the amount of eligible input tax credit- *

10 points

a. Rs. 2,25,00,000/-

b. Rs. 2,10,00,000/-

c. Rs. 1,25,00,000/-

d. Rs. 75,00,000/-

ABC Ltd. is a registered pharmaceutical company. The company invented one drug for instant cure of cancer. They supplied free samples of this medicine to various doctors. What will be the tax treatment of these free samples under GST?

10 points

a. ABC Ltd. is liable to pay tax on supply of free samples and eligible to claim input tax credit.

b. ABC Ltd. is not liable to pay tax on supply of free samples but eligible to claim input tax credit.

c. ABC Ltd. is neither liable to pay tax on supply of free samples nor eligible to claim input tax credit.

d. ABC Ltd. is liable to pay tax on supply of free samples but not eligible to claim input tax credit.

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