Case :1
Mr. Hari ( Maharashtra ) registered under GST is running a business from last 25 years , supply the goods to overall India. He has a branch in Punjab, Goa, Delhi & Karnataka.
He want to increase sales so he started working with Agent also in Assam, Gujarat and made a supply through them in these States.
Mr. Hari want to maintain proper inventory records so that he should not lose any customer and so he purchased a software ( License of a pre packed software) from his brother who reside in USA , market value of the software was Rs. 8,00,000/- and the old software lying in his business premises including computer system is donated to ‘SEVA SAMITY’ – a trust in Mumbai ( value Rs. 65,000/-) Following is details of supply to :
States Value of Supply ( Rs. in lakhs )
Punjab 20.00
Goa 3.80
Delhi 9.85
Karnataka 4.65
Assam 22.80
Gujarat 8.55
During the year 2020-2021 Mr. Hari has given goods to his employees on Deepawali worth Rs. 28,000/- , also given some goods to use in marriage function of his friend for 4 days worth Rs. 2, 85,000/-.
Mr. Hari has sold his land in Punjab worth Rs. 58,00,000/-. At the time of sale some issues come up and so he paid fees Rs. 8000/- to DC Court to clear the sale.
Note: GST rate on goods is 12% and on services 18%.
Answer the following:
1. What items will be considered as Supply in the above case?
2. What is the value of supply?
3. What is Aggregate supply in above case?
4. What may be the requirement of registration in above case or Whether agent need to seek registration for sale of goods to final buyers/customers.
5. What is GST charged on sale of land?
6. What is GST payable on supply to ‘SEVA SAMITY’?
7. In respect of goods for use in marriage function of friend, is GST attracted, if yes What shall be the amount of GST?
8. What is the nature of supply in respect of purchase from brother of software? Discuss with convincing reasons
9. Are there any supply in the above case which is supply without consideration? Discuss the relevant law.
Answers
Answer:
Mathematics (from Greek: μάθημα, máthēma, 'knowledge, study, learning') includes the study of such topics as quantity (number theory),[1] structure (algebra),[2] space (geometry),[1] and change (analysis).[3][4][5] It has no generally accepted definition.[6][7]
Greek mathematician Euclid (holding calipers), 3rd century BC, as imagined by Raphael in this detail from The School of Athens (1509–1511)[a]
Mathematicians seek and use patterns[8][9] to formulate new conjectures; they resolve the truth or falsity of such by mathematical proof. When mathematical structures are good models of real phenomena, mathematical reasoning can be used to provide insight or predictions about nature. Through the use of abstraction and logic, mathematics developed from counting, calculation, measurement, and the systematic study of the shapes and motions of physical objects. Practical mathematics has been a human activity from as far back as written records exist. The research required to solve mathematical problems can take years or even centuries of sustained inquiry.
Rigorous arguments first appeared in Greek mathematics, most notably in Euclid's Elements.[10] Since the pioneering work of Giuseppe Peano (1858–1932), David Hilbert (1862–1943), and others on axiomatic systems in the late 19th century, it has become customary to view mathematical research as establishing truth by rigorous deduction from appropriately chosen axioms and definitions. Mathematics developed at a relatively slow pace until the Renaissance, when mathematical innovations interacting with new scientific discoveries led to a rapid increase in the rate of mathematical discovery that has continued to the present day.[11]
Mathematics is essential in many fields, including natural science, engineering, medicine, finance, and the social sciences. Applied mathematics has led to entirely new mathematical disciplines, such as statistics and game theory. Mathematicians engage in pure mathematics (mathematics for its own sake) without having any application in mind, but practical applications for what began as pure mathematics are often discovered later.[12][13]