MCQs on Goods and Services Tax (GST) -30

1. Every registered taxable person shall be entitled to take credit of input tax in his return and such input tax credit shall be credited to 

(a) Personal Ledger Account 
(b) Refund account 
(c) Electronic Cash Ledger 
(d) Electronic Credit Ledger 


2. The details of every credit note relating to outward supplies furnished by the registered taxable person shall be matched 

(a) With corresponding reduction in claim for input tax credit by the corresponding taxable person in his valid return for the same tax period or any subsequent tax period. 
(b) For duplication of claims for reduction in the output tax liability 
(c) All of the above 
(d) None of the above 


3. If the reduction in output tax liability claimed by the supplier is more than the corresponding reduction in input tax credit declared by the recipient or if the recipient has not reduced the input tax liability, then 

(a) The excess reduction claimed is added to the output tax liability of the recipient 
(b) The discrepancy is communicated to both the supplier and receiver 
(c) The excess reduction claimed is added to the output tax liability of the supplier 
(d) The supplier is given an opportunity of being heard 


4. What is the maximum number of times a hearing can be adjourned? 

(a)
(b)
(c)
(d) None of the above 


5. Whether the amount of tax, interest and penalty demanded in the order can exceed the amount specified in the Notice? 

(a) Yes 
(b) No 
(c) At proper officer’s discretion 
(d) None of the above 


6. Whether penalties under any other provisions of the Act be imposed in respect of adjudication proceedings under section 73 or 74? 

(a) Yes 
(b) No 
(c) At proper officer’s discretion 
(d) None of the above 


7. What is the time limit for issue of order in pursuance of the direction of the Appellate Authority or Appellate Tribunal or a Court, from the date of communication of the said direction? 

(a) 30 months 
(b) 18 months 
(c) 2 years 
(d) 5 years 


8. Whether interest is payable on the tax short paid or not paid even if it is not specified in the order determining the tax liability? 

(a) Yes 
(b) No 
(c) Only if concluded by an order later
(d) None of the above  


9. Any amount of tax collected shall be deposited to the credit of the Central or State Government: 

(a) Only when the supplies are taxable 
(b) Regardless of whether the supplies in respect of which such amount was collected are taxable or not 
(c) Only when the supplies are not taxable 
(d) None of the above 



10. Is there any time limit for issue of notice under section 76 in cases where tax collected but not paid? 

(a) No time limit 
(b) 1 year 
(c) 3 years 
(d) 5 years 



More MCQs on Goods and Services Tax (GST)
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