Welcome to your Ch 25: Exemption from supply of services (26 to 30)
26. Examine the following statements-
(i) IRCTC takes ₹ 500 crore from BOB Bank to fund it’s expansion plan. Railway has guaranteed the loan on 1% commission.
(ii) Tata Air India operates aircraft under Udan Scheme from an airport located in Bokaro Steel City, Jharkhand and charges ₹ 3,500 as fare from a passenger.
27. Examine the following statements-
(i) Post office provides life insurance.
(ii) Central Govt. takes life insurance of MNREGA labours and total premium is paid by Govt.
28. Examine the following statements-
(i) Student pays life insurance premium to Insurance Company owned and managed by Delhi Govt.
(ii) A business entity whose industry is located near Pakistan Border pays fire insurance premium to insurance company owned and managed by Jammu and Kashmir Govt.
29. Examine the following statements-
(i) Delhi Transport department issues driving licence for a fees of ₹ 2,000 to an Individual who is registered in GST.
(ii) Ministry of External affairs issues visa to a foreign national for a fees of ₹ 10,000.
30. Examine the following statements-
(i) West Bengal issues licence for a small fees to farmer to enter into Sunderban forest for collection of honey.
(ii) Custom department charges merchant overtime charges from the importer.
