Gst Archives

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

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

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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