New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    In context of Goods and Service Tax, what does CTP

    represent?
    A Corporate Tax Payment Correct Answer Incorrect Answer
    B Consumer Tax Policy Correct Answer Incorrect Answer
    C Casual Taxable Person Correct Answer Incorrect Answer
    D Certified Tax Planner Correct Answer Incorrect Answer

    Solution

    A Casual Taxable Person (CTP) means a person who supplies taxable goods or services occasionally in a taxable territory where he does not have a fixed place of business. The person can act as a principal or agent or in any other capacity supply goods or services for the furtherance of business. Example: Mr Ravi having a place of business in Bangalore providing Management consultancy services in Hyderabad where he has no place of business. Hence Mr Ravi has to register as a casual taxable person in Hyderabad before providing such services.

    Practice Next