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8 MarksMAY 2023Inter

Jino Enterprises, a partnership firm is a regular taxable person registered in Guwahati, Assam and is engaged in supply of Air conditioners and its accessories as well as air conditioned repairing services. Details of their various activities for the month of October 2022 are as follows: (i) Intra State supply of Air conditioner to customers in Assam. Freight is separately charged in invoices for delivery of goods at customer's doorstep. ₹ Value of goods4,00,000 Value of freight charges charged separately in above invoices.1,00,000 (ii) Intra State supply of repairing services wherein apart from charging service charges, cost of parts/ spares provided to customers is also charged and consideration for the same is separately mentioned in the invoices. ₹ Value of services component of invoices3,00,000 Value of parts / spares component in invoices50,000 (iii) In order to enhance their sales and to clear the stock of old models of air- conditioner, Jino Enterprises made combo offers to customers wherein, if a customer purchases an Air-conditioner along with a stabilizer, the same is offered at a combo price of ₹20,000 as against the original price of ₹30,000 (Air-conditioner ₹22,000 & stabilizer ₹8,000) if these are purchased separately. During October, 2022, Jino Enterprises had made inter-State supply of 10 numbers of such combo products. (iv) Purchased business class air tickets for intra State travel from Guwahati Airport, Assam to Dibrugarh Airport, Assam for its executive employees relating to business of the concern. Basic air fare was ₹40,000 and airlines charges GST @ 2.5% CGST, SGST each on basic freight, in case the same is applicable. Additional Information: (a) All the figures mentioned above are exclusive of taxes. (b) In respect of few of the invoices relating to F.Y. 2021-2022, involving ITC of CGST ₹20,000, SGST of ₹ 20,000, IGST ₹80,000 was not taken earlier. Jino Enterprises now want to avail credit in respect of such invoices in the current month. (c) The rates of GST applicable on various supplies are as follows: Nature of SupplyCGSTSGSTIGST Air-Conditioner, Parts and accessories (Except Stabilizers)6%6%12% Services9%9%18% Stabilizers9%9%18% Freight6%6%12% Calculate the amount of minimum CGST, SGST & IGST tax payable in cash by Jino Enterprises for the month of October, 2022.

may_2023_paper_4_taxation — CA Intermediate | Kartavvya