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Gst

1. Any input tax paid on purchase of goods or services by an assessee for employees is eligible for ITC?

[amp_mcq option1=”No” option2=”Yes” option3=”Yes, on the services notified which are obligatory for an employer to provide to its employees under any law for the time being in force” option4=”Not applicable” correct=”option3″]

Detailed SolutionAny input tax paid on purchase of goods or services by an assessee for employees is eligible for ITC?

2. Is definition of Inputs includes capital goods

[amp_mcq option1=”Yes” option2=”nan” option3=”nan” option4=”nan” correct=”option1″]

Detailed SolutionIs definition of Inputs includes capital goods

3. The books and other records U/S 35 are to be maintained at

[amp_mcq option1=”Place where the books and accounts are maintained” option2=”Place of address of the Proprietor/ Partner/Director/Principal Officer” option3=”Principal place of business mentioned in the Certificate of Registration” option4=”Any of the above” correct=”option4″]

Detailed SolutionThe books and other records U/S 35 are to be maintained at

4. _______ is the first state that passed GST bill.

[amp_mcq option1=”Andhra Pradesh” option2=”Gujarat” option3=”Uttar Pradesh” option4=”Bihar E. Telangana” correct=”option1″]

Detailed Solution_______ is the first state that passed GST bill.

5. Which of the following requires amendment in the registration certificate?

[amp_mcq option1=”Change of name of the registered person” option2=”Change in constitution of the registered person” option3=”Switching over form composition scheme to normal scheme or vice versa.” option4=”All of the above” correct=”option4″]

Detailed SolutionWhich of the following requires amendment in the registration certificate?

6. Who is considered as an e-commerce operator, who _____________digital or electronic facility or platform for electronic commerce

[amp_mcq option1=”Owns” option2=”Operates” option3=”Manages” option4=”Any of the above” correct=”option4″]

Detailed SolutionWho is considered as an e-commerce operator, who _____________digital or electronic facility or platform for electronic commerce

7. The headquarters of GST council is _______.

[amp_mcq option1=”Mumbai” option2=”New Delhi” option3=”Ahmadabad” option4=”Hyderabad E. Lucknow” correct=”option2″]

Detailed SolutionThe headquarters of GST council is _______.

8. The details of outward supplies of goods or services shall be submitted by

[amp_mcq option1=”10th of the succeeding month” option2=”18th of the succeeding month” option3=”15th of the succeeding month” option4=”20th of the succeeding month” correct=”option3″]

Detailed SolutionThe details of outward supplies of goods or services shall be submitted by

9. Provisional Input tax credit can be utilized against

[amp_mcq option1=”Any Tax liability” option2=”Self Assessed output Tax liability” option3=”Interest and Penalty” option4=”Fine” correct=”option1″]

Detailed SolutionProvisional Input tax credit can be utilized against

10. An invoice must be issued:

[amp_mcq option1=”At the time of removal of goods.” option2=”On transfer of risks and rewards of the goods to the recipient;” option3=”On receipt of payment for the supply;” option4=”Earliest of the above dates.” correct=”option4″]

Detailed SolutionAn invoice must be issued:

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