Welcome to your Ch 13: Reverse Charge on Services- 9(3) (16 to 20)
16. Examine the following statements -
i. Mr. X is a Director of Dobe India Ltd. He attends board meeting earning fees of ₹ 25,00,000. Dobe India Ltd is liable for payment of GST.
ii. Mr. Z is a Managing Director of Dime India Ltd. His salary is ₹ 5,00,000. Dime Ltd is liable for payment of GST on reverse charge.
17. Examine the following statements -
i. Mr. X is a insurance agent of LIC earning commission of ₹ 30,00,000. LIC is liable for payment of GST on reverse charge.
ii. Mr. Z is a recovery agent of BOB. His commission is ₹ 5,00,000. Mr. Z is liable for payment of tax on reverse charge.
18. Mr. Z located in Italy asks Mr. Y in Italy to deliver 100 units of mobile phones to India. The goods shall be received by Mr. X in India. The goods are transported in a vessel from Italy to customs station of India. Who is liable for payment of tax on charges paid for transportation of goods in a vessel.
19. Examine the following statements in the light of supply of services of direct selling agents -
i. Mr. X sells credit card on behalf of SBI. Mr. X is liable for payment of tax.
ii. Z Ltd sells all types of financial products on behalf of HDFC Bank. Z Ltd is liable for payment of tax.
20. Members of overseeing committee supplies consultancy services to RBI. Who is liable for payment of tax.
