CS Professional June 2025 Question Paper Goods and Services Tax (GST) and Corporate Tax Planning

FOR CS PROFESSIONAL EXAM PREPARATION

CS Professional 2025
Question Paper · Goods
and Services Tax (GST)
and Corporate Tax
Planning
EXAM YEAR TYPE

CS Professional 2025 Question Paper
SUBJECT DATE

Goods and Services Tax (GST) and Corporate Tax Planning June 2025

Notes · Sample Papers · Previous Year Papers · Mock Tests

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NEW SYLLABUS
552
: 1 :
Roll No. ..................................... OPEN BOOK EXAMINATION

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Time allowed : 3 hours
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g laof questions : 6 a : 19
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Total number Total number of printed pages

NOTE : (1) Answer ALL Questions.

(2) All the reference to sections in Part I of the question paper relates to the provision

of GST Laws.

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. Year 2025-26 unless stated otherwise.
(3) All the references to sections in Part-II of the Question Paper relates to the Income-

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tax Act, 1961 and relevant Assessment

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(4) Wherever necessary, suitably

clearly in the answer.

(5) Working notes should form part of the answer.

PART-I

1. (a) Samrat Pvt. Ltd. is a paper manufacturing company having a GST registration from

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Jaipur (Rajasthan). Its manufacturing unit is situated in Ahmedabad. It gives the following

c. o information pertaining to April 2024 :
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(1) Inter-State supply of paper manufactured by Samrat

ag ` 40,00,000).

(2) Intra-State supply of paper manufactured by Samrat Pvt. Ltd. (invoice value :

` 10,00,000).

1/2025/GSTCTP/NS/OBE P.T.O.

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(3) Rent of agricultural land let out to ITC Ltd. (it is used for agriculture purposes

by ITC Ltd., rent of April 2024 being ` 11,00,000).

(4) Rent of commercial property located near Uttar Pradesh let out to RK Mall

(rent of April being ` 6,00,000).

(5) Stock transfer without consideration to its branch at Kota (Rajasthan), Branch

has separate GSTIN for conveyance of accounting and billing. Value under

section 15 is ` 20,000 (Intra-State).

The above figures are exclusive of GST @ 18%. Besides, Company gives

the following information :

– A computer was purchased from a local supplier for ` 3,20,000 + GST

rate : 18% on 1st September, 2023 for office purposes Full input tax

credit was taken in September 2023. However, on 18th April, 2024 it

is gifted by Samrat Pvt. Ltd. to Suresh, he is a friend of managing director

of Samrat Pvt. Ltd. (assume useful life of computer is 60 months).

– Advance rent of ` 6,00,000 pertaining to commercial property for May

2024 is received on 29th April, 2024 (GST is not received separately,

it will be paid by the tenant only during May 2024).

– On 25th April, 2024, Samrat Pvt. Ltd. pays advance consultancy fee to

a consultant of ` 1,00,000. The consultant will provide his service only

during July 2024. Invoice will be issued after completion of job.

1/2025/GSTCTP/NS/OBE Contd. ........

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– Balance available in electronic credit ledger on 1st April, 2024 : ` 11,000

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(CGST), ` 8,01,000 (SGST) and ` 2,91,000 (IGST).

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(invoice value : ` 1,00,000 + GST : 5%).

– Purchase of inputs during April 2024 from different parties in Jaipur (invoice

value : ` 80,000 + GST : 12%).

Assume that conditions for claiming input tax credit (including conditions

imposed by rule 36(4) are satisfied.
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On the basis of above case study in the context of CGST Act, 2017,

you are required s
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toe :

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(i) a the total GST on outward supply for the month of April,
Calculate

2024.

(ii) Calculate the total input tax credit available for the month of April,

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2024.

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(iii) Calculate the net GST liability payable for the month of April 2024

ag and also calculate the balance left in electronic credit ledger on

April 30, 2024, if any.

1/2025/GSTCTP/NS/OBE P.T.O.

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(b) Rajat Limited, a manufacturing concern of Rajasthan having aggregate turnover of

` 120 lakhs in financial year 2023-24 have opted for composition scheme furnishes

you with the following information for financial year 2024-25 :

S.No. Particulars Amount in

(`)

1. Intra-state suppliers of goods Barium hydroxide

chargeable @ 5% 20,00,000

2. Intra-state suppliers of goods which are chargeable

to GST at Nil rate 22,00,000

3. Intra-state supply of services chargeable with

5% GST 5,00,000

4. Interest earned on fixed deposits with banks 8,00,000

5. Intra-state suppliers which are wholly exempt under

section 11 of CGST Act, 2017 5,40,000

6. Value of inward suppliers on which tax payable under

RCM (GST rate 5%) 5,00,000

7. Intra-state suppliers of goods Basic lead carbonate

chargeable @ 18% GST 28,00,000

Determine the composition tax liability and total tax liability for the financial year

2024-25 in the context of CGST Act, 2017.

(10 marks)

1/2025/GSTCTP/NS/OBE Contd. ........

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2. (a) What will be the value of taxable supply and GST payable in each of the following

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independent cases in accordance with the provisions of CGST Act, 2017 :

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(i) em Shriram Airline has sold tickets for transport of passengers to Singapore,aand
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ag other foreign countries during the month of February. The total amount charges

are ` 20 lakhs on the flight (100 tickets) of which ` 5 lakhs are towards

passenger taxes. The applicable rate of GST is 18% (CGST 9% and SGST

9%) and above amount are exclusive of tax.

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(ii) LIC of India provides you the following information for the month of March

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2025 :

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(1)
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Life micro-insurance policies where insured amount does not exceed

` 2,00,000 and premium collected ` 10,00,000.

(2) Premium collected ` 8,000 lakhs in variable insurance policies (80% of

the amount is allocated for investment on behalf of policy-holder is given

separate break up in premium receipts). Ignore GST calculation.
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(iii) Ramesh is engaged in buying and selling of second-hand cars in Jaipur. During

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the month of January, 2025, he supplied a used car after some processing

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at ` 10,00,000 which he purchased from a customer at ` 10,50,000 and

no input tax credit has been availed on such purchase.

1/2025/GSTCTP/NS/OBE P.T.O.

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(b) Shyam Ltd., a registered person, is engaged in the business of black pepper, cardamom

and cinnamon. It provides following details in relation to GST paid on inward supplies

procured by it during the month of March, 2025 :

S. No. Particulars GST (`)

(1) Black pepper, cardamom and cinnamon purchase for

the purpose of sold to customers. 2,00,000

(2) Electric machinery purchased for being used in the

manufacturing process. 3,00,000

(3) Motor vehicle used for transportation of the employee 1,05,000

(4) Payment made to contractor for construction of staff

quarter. 1,50,000

Determine the amount of ITC that can be availed by Shyam Ltd. for the month

of March, 2025 in the context of CGST Act, 2017, by giving the necessary explanation

for treatment of various items. Subject to the information given above, all the other

conditions necessary for availing ITC have been fulfilled.

1/2025/GSTCTP/NS/OBE Contd. ........

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(c) Vivek Ltd., a registered supplier, is engaged in the manufacture of Tanks. The company

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provides the following information pertaining to GST paid on the purchases made/

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input services availed by it during the month of January 2025 :
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S.No. Particulars GST Paid

in (`)

(i) Purchase of machinery where debit note is issued 2,00,000

(ii) Input purchased was directly delivered to Sushil,

a job worker and a registered supplier 1,00,000

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.the Income-tax Act, 1961)
(iii) Computers purchased (Depreciation was claimed on the

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said GST portion under 1,50,000
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Works contract lservices availed for construction of
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(iv)

staff quarters within the company premises 5,25,000

Determine the amount of ITC available to Vivek Ltd. for the month of January 2025

by giving brief explanations for treatment of various items. Subject to the information

given above, all the conditions necessary for availing the ITC have been fulfilled.

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3. Determine place of supply with correct legal provision in context of

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in the following independent cases as under :

ag (i) Anupam an employee of Rajshree Limited, Kolkata, goes on an official

tour to Hyderabad and stays in a hotel there, booked in the name of

company.

1/2025/GSTCTP/NS/OBE P.T.O.

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(ii) The contractor Vaya & Associates of Pune sub-contracted the work of

construction of the building at Delhi to Ani & Associates of Mumbai, to

complete the work as per the drawing and design of the Architect.

(iii) Lalit Fashions Ltd. an Indian fashion designing company registered in Jaipur

hosts a fashion show at UK. The firm receives the services of Aman Ltd.

of Mumabi for organizing the event.

(iv) Aryan residing in Delhi travelling with Indian Airlines is provided with the

movie-on-demand service as on-board entertainment during the Kolkata Delhi

leg of a Bangkok-Kolkata-Delhi flight.

(b) Fortune Ltd. (a registered taxable person) provides the following information relating

to their services for the month of November 2024 :

S.No. Gross receipt from Amount

in (`)

1. Running a Boarding School (including receipts for

providing residential dwelling services ` 12,00,000) 28,00,000

2. Conducting private tuitions 18,00,000

3. Education services for obtaining a qualification

recognised by law of a foreign country 9,00,000

1/2025/GSTCTP/NS/OBE Contd. ........

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4. Conducting modular employable training skill course,

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c Renting of furnished flats for temporary stay to m
approved by National Council of Vocational training 10,00,000

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5.

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6,50,000

a Compute the value of taxable supply and the amount of GST payable for the Fortune
Ltd. in the context of CGST Act, 2017. The above receipts are exclusive of GST
and GST rate is 18%.
(c) Determine the time of supply (with correct legal provision) in each of the following

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. [Date] of
independent cases in accordance with provisions of CGST Act, 2017 :

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s Invoice, Bill or
S.No. Date of actual Time Date on which

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provision of payment received
service Challan as the
case may be
1. 11.11.2024 01.12.2024 16.11.2024
2. 11.11.2024 01.12.2024 07.11.2024 (part) and

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10.11.2024 (remaining)

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3. 10.11.2024 30.11.2024 07.11.2024 (part) and

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17.11.2024 (remaining)

las ag 05.11.2024 (part) and
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4. 10.11.2024 13.12.2024

a 25.12.2024 (remaining)
5. 10.11.2024 23.12.2024 13.12.2024

1/2025/GSTCTP/NS/OBE P.T.O.

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Attempt all parts of either Q. No. 4 or Q. No. 4A

4. (a) Mohan, an unregistered person under GST, purchases the goods supplied by Ramesh

who is a registered person without receiving a tax invoice from Ramesh and thus

helps in tax evasion by Ramesh. A disciplinary action is taken against Mohan and

an ad hoc penalty of ` 20,000 is imposed by passing an order without describing

contravention for which penalty is going to be imposed and without mentioning the

provisions under which penalty is going to be imposed.

Should Mohan proceed to pay for penalty or challenge the order passed by Department

as per the provision of CGST Act, 2017.

(b) Sahara & Co. (registered in Jaipur) self-assessed its CGST liability as ` 80,000 for

the month of April, but failed to make the payment. Subsequently the Department

initiated penal proceedings against Sahara & Co. for recovery of penalty under section

73 for failure to pay GST and issued show cause notice on 10th July, which was

received by Sahara & Co. on 14th July. Sahara & Co. deposited the tax along

with interest on 25th July and informed the department on the same day.

Department is contending that he is liable to pay a penalty of ` 40,000 (i.e., 50%

of ` 80,000) under the CGST Act.

Explain the provisions related to SCN as per section 73 of CGST Act, 2017.

Examine the correctness of the stand taken by the Department with reference to the

provisions of the CGST Act.

1/2025/GSTCTP/NS/OBE Contd. ........

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(c) Shubham Associates registered in Baroda deals in industrial grade iron and steel products.

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The proprietor of Shubham Associates sold TMT iron bars (GST applicable @ 18%)
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e of sale, goods are to be delivered at the premises of retailer. The transportation
to a retailer in New Delhi at a value of ` 38,000 (excluding GST). As per the
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l cost of ` 7,000 has been charged separately to deliver the same to the retailer
agreement

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New Delhi.

In the above scenario, determine whether an e-way bill is required to be issued under
GST ?

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Ram Singh, an unregistered famous .author, received ` 3 crores of consideration from
OR (Alternate to Q. No. 4)

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s for supply of services by way of temporary transfer
4A. (i)

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Raja Publications located in Indore
of a copyright coveredaunder section 13(1)(a) of the Copyright Act, 1957 relating
to original literary works of his new book. He finished his work & made available
the book to the publisher, but has yet not raised the invoice.

Ram Singh is of the view that Raja Publications is liable to pay tax under reverse
charge on services provided by him. Raja Publications does not concur with his view
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and is not ready to deposit the tax under any circumstances.
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Examine whether the view of Ram Singh is correct. Further, if the view of Ram

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Singh is correct, what is the recourse available with Ram

ag requirements of GST law as Raja Publications has completely refused to deposit the
tax.

1/2025/GSTCTP/NS/OBE P.T.O.

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(ii) Khushwant had filed an appeal before the Appellate Tribunal against an order of

the Appellate Authority where the issue involved relates to place of supply. The order

of Appellate Tribunal came also in favour of the Department. Khushwant now wants

to file an appeal against the decision of the Appellate Tribunal as he feels the stand

taken by him is correct.

You are required to advise him suitably with regard to filing of an appeal before

the appellate forum higher than the Appellate Tribunal.

(iii) The assessee had claimed ITC in respect of goods purchased from registered suppliers.

The Department contended that the claim of ITC was wrongful and sought to recover

the ITC wrongly claimed and also levied penalty. The assessee submitted that, the

Petitioner has, in its possession tax invoices for the goods/scrap purchased from various

parties, and E-Way bills were also generated with respect to the said transaction.

The goods were transported through trucks along with Consignment Notes and payment

of goods was made through RTGS/NEFT. This was not accepted by the Department.

The assessee filed a writ petition before the jurisdictional High Court.

Will the assessee’s stand be accepted by the High Court ? You are required to

answer in the wake of judicial pronouncements of the Courts, if any.

1/2025/GSTCTP/NS/OBE Contd. ........

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PART-II

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5. Sairam Ltd., engages in diversified activities, earned a profit of ` 14,50,000 after debit/credit

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of the following items to its statement of profit and loss account for the year ended on

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31.3.2025

(a) Items debited to Statement of Profit and Loss Account `

Provision for loss of subsidiary 60,000

Provision for income-tax demand 1,10,000

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Depreciation 3,50,000

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Interest on deposit credited to buyers on 31.3.2025 for

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advance received from them, on which TDS was deducted

in April, 2025 and was deposited on 31st July, 2025. 1,00,000

(b) Items credited to Statement of Profit and Loss Account

Income from units of UTI (Gross) 95,000

Long term capital gain on sale of equity shares on (which
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securities transaction tax paid at the time of acquisition

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and sale) dated 15.04.2024. 2,50,000

la The company provides the following additional informationa:
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(i) Depreciation includes ` 1,50,000 on account of revaluation of fixed assets.

(ii) Depreciation allowable as per Income-tax Rules is ` 2,80,000.

1/2025/GSTCTP/NS/OBE P.T.O.

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(iii) Brought forward Business Loss/Unabsorbed Depreciation :

Amount as per books Amount as per income tax

F.Y. Loss Depreciation Loss (In `) Depreciation

(In `) (In `) (In `)

2021-2022 2,50,000 3,00,000 2,00,000 2,50,000

2022-2023 NIL 2,70,000 1,00,000 1,80,000

2023-2024 3,50,000 3,15,000 1,20,000 2,10,000

You are required to :

(i) Compute the total income of the company for the AY 2025-26 giving the reasons

for treatment of items.

(ii) Examine the applicability of section 115JB of the Income-tax Act, 1961, and compute

book profit u/s 115JB.

(iii) Compute the tax on total income & book profits and the tax credit to be carried

forward.

Assume the tax rate applicable to Sairam Ltd. for the PY 2024-25 is 25% & 115BAA

not opted.

1/2025/GSTCTP/NS/OBE Contd. ........

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Attempt all parts of either Q. No. 6 or Q. No. 6A

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6. (a) A company manufactures two models of a pocket calculator. The basic model sells

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for `m5, has a direct material cost of ` 1.25 and requires 0.25 hours of labour
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The other model, the Scientist, sells for ` : 7.50, has a direct material cost of ` 1.63

and takes 0.375 hours to produce. Labour, which is paid at the rate of ` 6 per

hour, is currently very scarce, while demand for the company’s calculators is heavy.

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The company is currently producing 8,000 of the basic models and 4,000 of the

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mthe company a contract, worth ` 35,000, for a
Scientist models per month, while fixed costs are ` 24,000 per month.

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An overseas customer has offered

agto its requirements. The estimating department has ascertained
number of calculators made

the following facts in respect of the work :

The labour time for the contract would be 1,200 hours.

The material cost would be ` 9,000 plus the cost of a particular component not

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normally used in the company’s models. These components could be purchased from
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a supplier for ` 2,500 or alternatively, they could be made internally

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cost of ` 1,000 and an additional labour time of 150

ag Assuming labour as limiting factor, decide whether to buy the component from the

supplier or not and also advise the management as to the action they should take.

1/2025/GSTCTP/NS/OBE P.T.O.

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(b) Wonderland Limited has excess cash of ` 20 lakhs, which it wants to invest in short

term marketable securities. Expenses relating to investment will be ` 50,000. The

securities invested will have an annual yield of 9%.

The company seeks your advice :

(i) as to the period of investment so as to earn a pre-tax income of 5%.

(discuss)

(ii) the minimum period for the company to break even its investment expenditure

overtime value of money.

(c) Richa & Co. (Firm) has sold all its Assets & Liabilities as a Slump Sale on 31.03.2025

to Ramesh & Co. (Firm) for slump sum consideration of 600 Lakhs. The Statement

of Affairs of Richa & Co. as on 31.03.2025 is as below :

Liabilities ` in Assets ` in

Lakhs Lakhs

Capital 1,627 Plant & Machinery at WDV 250

Unsecured Loans 25 Land (At revalued figure) 1,200

Bank Borrowing 500 Sundry Debtors 380

Sundry Creditor 80 Cash & Bank Balances 2

Loans & Advances 150

Closing Stock 250

Total 2,232 Total 2,232

1/2025/GSTCTP/NS/OBE Contd. ........

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Additional Information :

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(1) Cost of Land in March 2008 was 100 Lakhs.

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(2)
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WDV of Plant & Machinery u/s 43(6) was 200 Lakhs.
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(3) Cost Inflation Index for the FY 2007-2008 was 129 and for 2024-2025

363.

(4) Stock is overvalued by 10% on cost.

(5) The unit was set up in FY 2008-09.

Compute Capital Gain arising from slump sale and tax on such gain.

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OR (Alternate to Q. No. 6)

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6A. (i) Vinita Bio-medicals Ltd. is engaged in the business of manufacture of biomedical

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items. The following expenses were incurred in respect of activities connected

with Scientific Research :

Year Ended Particulars Amount (`)

30.04.2021 Land 16,00,000

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30.04.2021 Building 25,00,000

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31.01.2024 Plant and Machinery

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31.03.2023 Raw Materials 2,20,000

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31.03.2025 Raw Materials and Salaries 1,80,000
a The business was commenced on 01.09.2024. In view of availability of better

model of Plant & Machinery, the existing Plant & Machinery were sold for

16,00,000 on 01.03.2025.

1/2025/GSTCTP/NS/OBE P.T.O.

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Discuss the implications of the above for AY 2025-2026 along with brief

computation of deduction permissible u/s 35, assuming that necessary conditions

have been fulfilled. You are informed that the assessee’s line of business is

eligible for claiming deduction u/s 35/35(2AB).

(ii) XY & Co, a Partnership Concern, had established an undertaking for

manufacturing of Computer Software in SEZ.

It furnishes the following particulars of its 2nd year of operations ended on

31.03.2025 :

(a) Total Sales of Business ` 100 Lakhs

(b) Export Sales ` 80 Lakhs

(c) Profits of Business ` 10 Lakhs

(d) Out of the Total Export Sales, realization of a sale of ` 5 lakhs

are difficult because of insolvency of buyer. Realization of rest of the

sales is received in time.

(e) The Plant and Machinery used in the Business had been depreciated

at 15% on SLM basis and Depreciation of ` 3 lakhs were charged

in Profit and Loss A/c.

Compute the taxable business income of XY & Co for the AY

2025-2026.

1/2025/GSTCTP/NS/OBE Contd. ........

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(iii) Ram Singh purchased 1000 equity shares of Fashion Limited at a cost of

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` 155 per share on 19.06.1997 and paid 1% brokerage. On 15.11.2000

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the company allotted him bonus shares on the basis of one share for every
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5 shares held. Ram Singh again gets 800 bonus shares on 01.03.2005.

fair market value of the shares of Fashion Ltd. as on 01.04.2001 is ` 260.

Ram Singh sold all the shares on 20.04.2004 @700 per share (brokerage

1%).

Compute the capital gain for the assessment year 2025-26, if these shares

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. was ` 450.
had been sold through the recognized stock exchange assume the fair market

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value of shares on 31.01.2018

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1/2025/GSTCTP/NS/OBE P.T.O.

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