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Table of Contents 1.3 Levy and Collection (Taxable event) MCQ |
1.5 Taxability
of Composite and Mixed Supply
1.Which of the following supplies is/are naturally bundled?
A. Rent deed
executed for renting of two different floors of a building-one for residential
and another for commercial purpose to same person
B. Pack of tie,
belt and scarf
C. Package
consisting of canned foods, sweets, chocolates, cakes, dry fruits, etc.
D. None of the
above
Answer: D) None of the above
2.Supply comprising of two or more supplies one of which is a principal
supply which are naturally bundled and supplied in conjunction with each other
in the ordinary course of business, shall be taxable at the rate applicable to
A. Each supply
separately
B. That particular
supply which attracts the highest rate of tax
C. Principal supply
D. None of the
above
Answer: C) Principal supply
3.Two or more individual supplies of goods or services, or any
combination thereof, made in conjunction with each other by a taxable person
for a single price where such supply does not constitute a composite supply
shall be taxable at the rate applicable
A. Each supply
separately
B. That particular
supply which attracts the highest rate of tax
C. Principal supply
D. None of the
above
Answer: B) That particular supply
which attracts the highest rate of tax
4.Which of the following is/are the essential elements of a mixed supply?
A. Supply is made
by a taxable person to a recipient
B. Supply consists
of two or more individual supplies of goods or services or both or any
combination thereof but it is not naturally bundled
C. Supply is made
for a single price
D. All the above
Answer: D) All the above
5.Which of the following is/are the essential elements of a composite
supply?
A. Supply is made
by a taxable person to a recipient
B. Supply consists
of two or more individual supplies of goods or services or both or any
combination thereof but it is not naturally bundled and supplied in the
ordinary course of business
C. One of the
components of the supplies is a principal or main supply
D. All the above
Answer: D) All the above
6.R is selling
hampers consisting of canned foods, sweets, chocolates, cakes and dry fruits on
Diwali and other festivals. What is the kind of supply and at which rate will
GST be payable by R?
A. Mixed supply.
Highest rate.
B. Composite
supply. Highest rate.
C. Mixed supply.
Lowest rate.
D. Composite
supply. Rate of selling hampers
Answer: A) Mixed supply. Highest
rate.
7.X dispatched chocolates to G from Delhi to Punjab after getting it
packed and paying insurance charges of such goods. What is the kind of such
supply of chocolates and what rate will GST be applicable?
A. Mixed supply.
Rate of chocolate.
B. Composite
supply. Rate of chocolate.
C. Both composite
and mixed supply. Rate of chocolate
D. None of the
above
Answer: B) Composite supply. Rate
of chocolate.
8.R purchases travel ticket of Air India from Delhi to Bangalore for Rs. 12,000 which includes free food on board and free insurance. What is the kind of such supply of chocolates and what rate will GST be applicable?
A. Composite
supply. Rate of transportation of passengers.
B. Mixed supply.
Rate of transportation of passengers.
C. Both composite
and mixed supply. Rate of transportation of passengers.
D. None of the
above
Answer: A) Composite supply. Rate
of transportation of passengers.
9.A hotel provides a 3-D/2-N package with all meals for Rs. 30,000. What
is the kind of such supply of chocolates and what rate will GST be applicable?
A. Mixed supply.
Rate of hotel accommodation.
B. Composite
supply. Rate of hotel accommodation.
C. Both composite
and mixed supply. Rate of hotel accommodation.
D. None of the
above
Answer: B) Composite supply. Rate
of hotel accommodation.
10.Y purchases a washing machine from G Ltd. He also gets warranty and a
maintenance contract with the washing machine. What is the kind of such supply
of chocolates and what rate will GST be applicable?
A. Mixed supply.
GST rate of washing machine.
B. Composite
supply. GST rate of washing machine.
C. Both composite
and mixed supply. GST rate of washing machine.
D. None of the
above
Answer: B) Composite supply. GST
rate of washing machine.
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