Welcome to your Ch 27: Schedule II: MCQ (11 to 15)
11. Examine the following statements
(i) K Enterprise is a supplier of tents for its business. The company lends a few tents to its manager for his son’s wedding without consideration. Normal value of supply is ₹ 1,00,000. The private usage of the tents by the manager is supply of services.
(ii) Bina Ltd bought a bulldozer to be used in its own construction business. However, it made the bulldozer available to be used in the construction business of its sister company, Freida Ltd. In this case, the usage of Bina Ltd bulldozer for any purpose other than its own business purpose, whether or not for a consideration, is a supply of services by Bina Ltd to Freida Ltd.
12. Examine the following statements
(i) X Ltd making sale of all of the asset of the business is a supply of goods.
(ii) X Ltd making sale of all assets of the business along with liabilities is a supply of services
13. Sale of flat by builder comprises of
14. Examine the following statements
(i) Sale of under constructed flat is supply of services.
(ii) Sale of flat after it’s first occupation is supply of services.
15. Examine the following statements
(i) Temporary transfer of IPR is supply of services.
(ii) Permanent transfer of IPR is supply of goods.
