Test 907

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Subject: Indirect Tax Laws and Practice

Total Number of Question: 40

Time: 41 Minutes

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Name

Phone No

State

Which of the following is NOT eligible for ITC?

Raw materials used in production

Capital goods used for business

Personal consumption expenses

Goods purchased for resale

None

Which document is required to claim ITC?

Purchase order

Tax invoice

Delivery challan

Proforma invoice

None

ITC can be claimed on?

Personal expenses

Motor vehicle for personal use

Business purchases

None of the above

None

ITC cannot be availed on?

Business-related travel expenses

Construction of an immovable property (except for resale)

Purchase of machinery for manufacturing

Goods used for further supply

None

What is the time limit to claim ITC for a financial year?

Before 30th June of the next financial year

Before 20th September of the next financial year

Before filing the annual return or 30th November of the next financial year, whichever is earlier

No time limit

None

What is the due date for filing GSTR-1 for taxpayers with annual turnover above ₹5 crore?

10th of the next month

15th of the next month

20th of the next month

25th of the next month

None

Which return is filed monthly for payment of tax and claiming ITC?

GSTR-1

GSTR-3B

GSTR-4

GSTR-9

None

Which return is filed annually by regular taxpayers?

GSTR-3B

GSTR-4

GSTR-9

GSTR-10

None

Which return is filed for cancellation of GST registration?

GSTR-9

GSTR-10A

GSTR-2A

GSTR-7

None

10.

Which of the following is NOT a GST return?

GSTR-2A

GSTR-6

GSTR-8

ITC-04

None

11.

Which of the following is NOT exempt under GST?

Healthcare services

Educational services by a recognized institution

Sale of books and newspapers

Sale of branded packaged food

None

12.

GST does NOT apply to?

Alcohol for human consumption

Tobacco products

Restaurants

E-commerce services

None

13.

Which of the following supplies is considered a ‘zero-rated supply’?

Domestic sales

Exports

Sale to unregistered persons

Sale of lottery tickets

None

14.

Agricultural produce supplied by a farmer is?

Fully taxable under GST

Exempt under GST

Taxed at 5%

Taxed at 12%

None

15.

Which of the following services is taxable under GST?

Government services

Charitable activities

Renting of residential property for commercial use

Sale of land

None

16.

What is the penalty for deliberate tax evasion above ₹5 crore?

₹10,000

₹50,000

5 years imprisonment with a fine

No penalty

None

17.

What is the appellate authority for GST disputes?

GST Council

CBIC

GST Appellate Tribunal (GSTAT)

Income Tax Department

None

18.

Within how many days must an appeal be filed before the GST Tribunal?

30 days

60 days

90 days

120 days

None

19.

Which authority has the power to issue show-cause notices for GST violations?

GST Council

CBIC

State GST Department

Any of the above

None

20.

What is the time limit for initiating an investigation into GST fraud?

6 months

1 year

5 year

2 year

None

21.

E-invoicing is mandatory for businesses with an annual turnover above?

₹5 crore

₹10 crore

₹50 crore

₹100 crore

None

22.

What is the main benefit of e-invoicing?

Reduction in tax liability

Automatic ITC reconciliation

Exemption from GST audits

No need to file GST returns

None

23.

Which portal is used for generating e-invoices?

GSTN Portal

IRP (Invoice Registration

ICEGATE Portal

SEBI Portal

None

24.

What is the validity period for an e-way bill if the distance is above 1,000 km?

3 days

5 days

10 days

15 days

None

25.

Which of the following businesses are NOT required to generate e-invoices?

SEZ units

Banking and NBFCs

Insurance companies

All of the above

None

26.

Customs duty in India is levied under which Act?

GST Act, 2017

Customs Act, 1962

Income Tax Act, 1961

FEMA Act, 1999

None

27.

Which of the following duties is NOT levied under Customs Act?

Basic Customs Duty (BCD)

Special Additional Duty (SAD)

Countervailing Duty (CVD)

Excise Duty

None

28.

The rate of customs duty is determined based on which document?

Purchase invoice

HSN Code classification

Transport bill

PAN card

None

29.

Which document is required to clear imported goods from customs?

GST registration certificate

Bill of Entry

GSTR-3B

Tax invoice

None

30.

Which of the following is NOT a type of customs duty?

Protective Duty

Anti-Dumping Duty

Countervailing Duty

GST Compensation Cess

None

31.

E-commerce operators are required to collect tax at source (TCS) at what rate under GST?

0.5%

None

32.

Which form is used by e-commerce operators to file GST TCS returns?

GSTR-1

GSTR-3B

GSTR-8

GSTR-9

None

33.

Who is responsible for paying GST in an e-commerce transaction?

Supplier only

Customer only

E-commerce operator in certain cases

None of the above

None

34.

GST registration for e-commerce sellers is?

Mandatory, irrespective of turnover

Required only if turnover exceeds ₹20 lakh

Required only if turnover exceeds ₹40 lakh

Not required for e-commerce sellers

None

35.

Which businesses are NOT liable for TCS under GST?

Flipkart and Amazon

Local grocery shops

Swiggy and Zomato

Travel booking platforms

None

36.

GST audit is mandatory for businesses with an annual turnover exceeding?

₹1 crore

₹2 crore

₹5 crore

₹10 crore

None

37.

What is the due date for filing GST annual returns (GSTR-9)?

31st March

31st December

30th September

20th July

None

38.

Who can conduct a GST audit for businesses exceeding the turnover threshold?

Any accountant

GST officer

Chartered Accountant or Cost Accountant

Business owner

None

39.

What is the maximum penalty for failing to maintain proper GST records?

₹10,000

₹25,000

₹50,000

₹1,00,000

None

40.

What happens if a business fails to file GST returns for 6 months?

Penalty of ₹5,000

Business registration may be canceled

ITC gets blocked permanently

No action is taken

None

1 out of 4

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