Gst

21. Balance in electronic credit ledger under IGST can be used against which liability?

IGST Liability only
IGST and CGST liability
IGST, CGST and SGST liability
None of them

Detailed SolutionBalance in electronic credit ledger under IGST can be used against which liability?

22. How a person can apply for registration?

Filing FORM GST REG-01 along with necessary documents with the jurisdictional proper officer.
Filing FORM GST REG-01 electronically in the common portal and uploading the required documents along with the application.
Uploading necessary documents electronically in the common portal and also submitting manually to the jurisdictional proper officer.
None of the above

Detailed SolutionHow a person can apply for registration?

23. An acknowledgement must be given on receipt of advance payment in respect of supply of goods or services:

Yes, in the form of a proforma invoice;
Yes, as a receipt voucher.
Yes, the invoice must be raised to that extent;
None of the above

Detailed SolutionAn acknowledgement must be given on receipt of advance payment in respect of supply of goods or services:

24. Which of the following country has the maximum GST tax slab?

Greece
China
USA
Australia E. India

Detailed SolutionWhich of the following country has the maximum GST tax slab?

25. The Tourist can claim Refund of following taxes paid

CGST and SGST/UTGST on supply of Goods and services
IGST on supply of goods consumed in Jammu & Kashmir
Tax paid on the supply of scotch to be taken out of India
None of the above

Detailed SolutionThe Tourist can claim Refund of following taxes paid

26. Can Mr. A avail credit on Input services or capital goods held in stock, in case of new registration/voluntary Registration

Yes
No
Yes on Input services only
Yes on capital goods only

Detailed SolutionCan Mr. A avail credit on Input services or capital goods held in stock, in case of new registration/voluntary Registration

27. The time limit beyond which if goods are not returned, the capital goods sent for job work shall be treated as supply

One year
Three Years
Six months
Five years

Detailed SolutionThe time limit beyond which if goods are not returned, the capital goods sent for job work shall be treated as supply

28. Can all the records be maintained in an electronic form?

Yes
Only if authenticated by digital signature
Few records
No

Detailed SolutionCan all the records be maintained in an electronic form?

29. What is the due date for payment of tax?

Last day of the month to which payment relates
Within 10 days of the subsequent month
Within 20 days of the subsequent month
Within 15 days of the subsequent month

Detailed SolutionWhat is the due date for payment of tax?

30. The Central Board of Excise and Customs (CBEC) announced that every year _______ will be considered as GST Day.

1st April
1st March
1st June
1st July E. 1st January

Detailed SolutionThe Central Board of Excise and Customs (CBEC) announced that every year _______ will be considered as GST Day.

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