Welcome to your Ch 27: Schedule II: MCQ (16 to 20)
16. Examine the following statements
(i) Temporary transfer of information technology software is supply of services.
(ii) Permanent transfer of information technology software is supply of goods.
17. Examine the following statements
(i) Penal interest on late payment of EMI is taxable supply.
(ii) Hotel levies cancellation charges for cancellation of hotel room. In this case Hotel owner agrees to tolerate an act is a supply of service.
18. Examine the following statements
(i) Fitting of LPG pipes is a works contract and hence supply of service.
(ii) Painting of building by Person A with the material supplied by the recipient is a works contract.
19. Examine the following statements as per Circular issued
(i) Supply of goods by club to it’s own members is not a supply since club and it’s members are not a distinct person.
(ii) Supply of goods by club to it’s own members is supply of goods whether club and it’s members are distinct person or not.
20. (i) Tenancy premium paid in respect of rights acquired in building is not a supply.
(i) Tenancy premium paid in respect of rights acquired in building is not a supply.
(ii) Capital contribution by a member in a joint venture is a supply.
