MCQs on Goods and Services Tax (GST) -25

1. A taxable person failed to pay tax and/or file returns on time. He should pay interest on?

(a) Gross tax payable 
(b) Gross tax payable & input credit claimed 
(c) Net tax payable 
(d) No interest payable, if reasonable cause is shown 


2. From which date interest is liable in case of excess input tax credit claimed? 

(a) From the late date of the month in which credit is claimed 
(b) From the due date for filing GSTR-02 of the month in which credit is claimed 
(c) From the due date for filing GSTR-03 of the month in which credit is claimed 
(d) From the date of utilization of credit. 


3. What is the rate of TDS?

(a) 1% 
(b) 4% 
(c) 5% 
(d) 18% 


4. On what value TDS needs to be deducted? 

(a) Contract value 
(b) Contract value excluding tax 
(c) Invoice value including tax 
(d) Invoice value excluding tax 


5. What is the due date for payment of TDS? 

(a) Last day of the month to which payment relates 
(b) Within 10 days of the subsequent month 
(c) Within 20 days of the subsequent month 
(d) Within 15 days of the subsequent month 


6. What is the due date for issue of TDS Certificate? 

(a) The date of payment of TDS 
(b) Within 10 days from the date of payment of TDS 
(c) Within 20 days from the date of payment of TDS 
(d) Within 05 days from the date of payment of TDS 


7. What is e-commerce? 

(a) Supply of goods and/or on an on an electronic platform for commerce other than the e-commerce operator himself 
(b) Supply of goods and/or services on an on an electronic platform for commerce including the e-commerce operator 
(c) Supply of goods and/or services on an electronic platform for commerce 
(d) Supply of goods or services or both including digital products over digital or electronic network. 


8. What will be consequences when tax payable under final order passed under subsection (3) is more than tax paid based on provisional assessment? 

(a) Only Differential tax payable has to be paid on determination of final assessment. 
(b) Differential tax payable has to be paid on determination of final assessment along with interest specified under Section 50. 
(c) Differential tax payable has to be paid on determination of final assessment along with interest specified under Section 50 and penalty of Rs. 20,000. 
(d) Differential tax payable has to be paid on determination of final assessment along with penalty of Rs. 20,000. 


9. Whether all the returns submitted under Section 39 will be scrutinised? 

(a) No, 50% of the returns submitted under Section 39 will be scrutinised. 
(b) Yes, all the returns submitted under Section 39 will be scrutinised. 
(c) No, Returns submitted under Section 39 will be self-assessed and proper officer may select any return for scrutiny under this Section. 
(d) No, 35% of the returns submitted under Section 39 will be scrutinised. 


10. Whether any time limit has been specified to issue notice for scrutiny? 

(a) Six months from the end of the respective financial year. 
(b) No time limit has been prescribed as of now, however same may be prescribed in the rules. 
(c) One Year from the end of the respective financial year. 
(d) 3 Years from the end of the respective financial year. 



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