#1 What does “I” stand for in IGST?
#2 Which of the following tax is not submitted in GST?
#3 Which of the following is an intrastate supply?
Supplier of goods located in Nagpur and place of supply of goods SEZ located in Mumbai
Supplier of goods located in Kolkata and place of supply of goods in Bangalore
Supplier of goods located in Goa and place of supply of goods in Goa
All the above
#4 What is the place of supply in case of installation of elevator is
Where the movement of elevator commences from the supplier’s place.
Where the delivery of elevator is taken.
Where the installation of elevator is made.
Where address of the recipient is mentioned in the invoice.
#5 PAN is issued under the Income Tax Act and is mandatory for the grant of registration. How true is this statement?
It is one of the document listed.
Yes, but non-resident taxable person may be granted registration on the basis of any other document.
No, for persons who are required to deduct tax at source u/s 51 shall have TAN in lieu of PAN.
Both (b) and (c)
#6 What is the validity of the registration certificate?
Validity till is canceled
#7 Which of the following requires amendment in the registration certificate?
Change of name of the registered person
Change in constitution of the registered person
Switching over form composition scheme to normal scheme or vice versa. All of the above
All of the above
#8 What is the date of receipt of payment?
Date of entry in the books B. Date of payment credited into bank account C. Earlier of (a) and (b) D. Date of filing of return
Date of payment credited into bank account
Earlier of (a) and (b)
Date of filing of return
#9 When can the transaction value be rejected for computation of value of supply?
When the buyer and seller are not related and price is not the sole consideration
When the buyer and seller are related or price is not the sole consideration
It can never be rejected
When the goods are sold at very low margins
#10 For capital goods, proportionate credit is allowed
for business and non-business purpose
for business or non- business purpose
both of the above
none of the above
#11 Banking company or financial institution having an option of claiming ITC:
Actual Credit or 50% credit
Only 50% Credit
Only actual credit D. Actual credit and 50% credit
Actual credit and 50% credit
#12 The time limit beyond which if the goods are not returned, the capital goods sent for the job work shall be treated as supply
#13 A person is entitled to take credit of input tax as self-assessed in the return and credited to electronic credit ledger on
Partly Provisional and partly final basis
None of the above
#14 Provisional input tax credit can be utilized for
Any Tax liability
Self Assessed output Tax liability
Interest and Penalty
#15 Indian GST model have a what kind of tax structure