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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

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by recipient is undertaken with" class="read-more button" href="https://exam.pscnotes.com/mcq/matching-of-input-tax-credit-on-inward-supply-by-recipient-is-undertaken-with/#more-57137">Detailed Solution

22. Can a person apply for registration without PAN

nan

Detailed

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Solution

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.

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be issued in case of inter-State and intra-State:" class="read-more button" href="https://exam.pscnotes.com/mcq/a-bill-of-supply-can-be-issued-in-case-of-inter-state-and-intra-state/#more-56895">Detailed Solution

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

Rs.20 lacs

Rs.50 lacs

Rs.75 lacs

None of above

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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

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Solution

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

Yes, in specific instances

Can be availed only after transfer of document of title after movement of goods

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actual receipt of goods where goods are transferred through transfer of document of title before or during the movement of goods?" class="read-more button" href="https://exam.pscnotes.com/mcq/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/#more-56019">Detailed Solution

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.

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class="read-more-container">Detailed Solution

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

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of:-" class="read-more button" href="https://exam.pscnotes.com/mcq/refunds-will-not-be-allowed-in-cases-of/#more-55503">Detailed Solution

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

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