Gst

21. Matching of Input Tax credit on inward supply by recipient is undertaken with

Monthly return filed by the supplier
Outward supply filed by the supplier
Invoices maintained by the supplier
None of the above

Detailed SolutionMatching of Input Tax credit on inward supply by recipient is undertaken with

22. Can a person apply for registration without PAN

No
nan
nan
nan

Detailed SolutionCan a person apply for registration without PAN

23. A bill of supply can be issued in case of inter-State and intra-State:

Exempted supplies
Supplies by composition suppliers;
Supplies to unregistered persons;
None of the above.

Detailed SolutionA bill of supply can be issued in case of inter-State and intra-State:

24. For an E-commerce operator registration threshold limit is?

Rs.20 lacs
Rs.50 lacs
Rs.75 lacs
None of above

Detailed SolutionFor an E-commerce operator registration threshold limit is?

25. Mr. A obtains new registration, voluntary registration, change of scheme from composition to regular scheme and from exempted goods/services to taxable goods/services. He can avail credit on inputs lying in stock. What is the time limit for taking said credit

1 year from the date of invoice
3 year from the date of invoice
5 year from the date of invoice
None of the above

Detailed SolutionMr. A obtains new registration, voluntary registration, change of scheme from composition to regular scheme and from exempted goods/services to taxable goods/services. He can avail credit on inputs lying in stock. What is the time limit for taking said credit

26. How will the goods and services be classified under GST regime?

SAC/HSN Code
HSN Code
SAC Code
GST Code E. None of above

Detailed SolutionHow will the goods and services be classified under GST regime?

27. Whether credit can be availed without actual receipt of goods where goods are transferred through transfer of document of title before or during the movement of goods?

Yes
No
Yes, in specific instances
Can be availed only after transfer of document of title after movement of goods

Detailed SolutionWhether credit can be availed without actual receipt of goods where goods are transferred through transfer of document of title before or during the movement of goods?

28. A continuous supply of goods requires one of the following as a must:

The goods must be notified by the Commissioner in this behalf;
The contract for supply lasts for a minimum period of 3 months;
The supply is made by means of a wire, cable, pipeline or other conduit;
Supplier invoices the recipient on a regular or periodic basis.

Detailed SolutionA continuous supply of goods requires one of the following as a must:

29. Refunds will not be allowed in cases of:-

Exports made on payment of tax
Exports made without payment of tax
Where tax on inputs are higher than tax on outputs
All of the above

Detailed SolutionRefunds will not be allowed in cases of:-

30. Payment made through challan will be credited to which registers/ledgers?

Electronic Tax liability register
Electronic Credit ledger
Electronic Cash ledger
All of them

Detailed SolutionPayment made through challan will be credited to which registers/ledgers?

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