Welcome to your International Navodaya Chamber of Commerce (INCOC) Platform ! Subject: Taxation Total Number of Question: 40 Time: 41 Minutes Please check your email after completion of test for result. All the best... Name Phone No Email State What is the maximum rate of CGST prescribed under the GST Act? 18% 20% 28% 14% None Under GST, IGST is levied when the supply is: Within a state Between two states Outside India Both (b) and (c) None Who is responsible for the payment of GST under reverse charge mechanism? Supplier Recipient Both supplier and recipient None of the above None The time of supply of goods under forward charge is determined based on: Date of invoice Date of receipt of payment Date when goods are delivered Earliest of (a), (b), or (c None What is the threshold limit for GST registration for a supplier of goods in most states? ₹20 lakhs ₹40 lakhs ₹10 lakhs ₹75 lakhs None The GST Council consists of: Union Finance Minister only State Finance Ministers only Union Finance Minister, State Finance Ministers, and Union Ministers of State for Revenue d) None of the above None of the above None Under the composition scheme, the tax rate for a manufacturer is: 0.5% 1% 5% 3% None A non-resident taxable person is required to apply for GST registration: 5 days before commencing business 30 days before commencing business Within 15 days of commencing business None of the above None What is the validity of an e-way bill generated under GST? 1 day for every 200 km 1 day for every 100 km 2 days for every 100 km 3 days for every 200 km None The maximum penalty for non-compliance with anti-profiteering provisions is: ₹25,000 ₹50,000 ₹1,00,000 No limit specified None Input tax credit is not available for: Business expenses Goods lost, stolen, or destroyed Goods purchased for resale Both (a) and (b) None The time limit to claim input tax credit for a financial year is: 30th September of the next financial year 31st December of the next financial year 31st March of the next financial year No limit specified None ITC can be claimed on: Motor vehicles for personal use Construction of an immovable property Goods used for business purposes All of the above None Which of the following taxes is not eligible for ITC? CGST SGST IGST Custom Duty None Reversal of ITC is required in case of: Sale of goods Written-off stock Export of goods Both (b) and (c) None Which of the following returns is filed by a regular taxpayer? GSTR-1 GSTR-3B Both (a) and (b) GSTR-9 None The due date for filing GSTR-3B is: 10th of the next month 15th of the next month 20th of the next month 25th of the next month None Annual return under GST is filed in: GSTR-9 GSTR-4 GSTR-1 GSTR-2 None Late fees for delayed filing of GSTR-3B is: ₹50 per day ₹100 per day ₹20 per day ₹10 per day None Which of the following is a valid GSTIN format? 22ABCDE1234F1Z5 22ABCDE1234F123 ABCDE1234F1Z5 None of the above None The transaction value under GST includes: Discounts given before supply Transportation cost charged separately Packing charges Both (b) and (c) None Which of the following is excluded while calculating GST? Subsidies from the government Interest on delayed payments Packing charges Penalty for breach of contract None Under GST, transaction value excludes: Discounts given before or at the time of supply, if recorded in the invoice Outward freight charges Packing charges None of the above None The value of supply of services between related persons, where consideration is not wholly in money, is determined based on: Open market value Closest comparable value Cost plus 10% Any of the above methods in the specified order None The place of supply of goods, where goods are delivered to a third party on the direction of the buyer, is: Location of supplier Location of the buyer Location of the third party None of the above None The place of supply for services related to immovable property is: Location of service provider Location of service recipient Location where the immovable property is situated None of the above None The place of supply of goods imported into India is: The port of importation The place of delivery to the recipient The location of the recipient None of the above None Who is required to mandatorily register under GST irrespective of turnover? Casual taxable persons Persons making inter-state taxable supply E-commerce operators All of the above None The threshold limit for GST registration for service providers is: ₹20 lakhs ₹40 lakhs ₹10 lakhs ₹75 lakhs None What is the time limit for amendment of GST registration details? 15 days from the change 30 days from the change 60 days from the change No time limit specified None What is the time limit to issue a tax invoice for supply of goods? Within 7 days from the date of supply At the time of removal of goods Before or at the time of delivery of goods Within 30 days from the date of supply None Which of the following details is mandatory in a GST invoice? Taxpayer Identification Number (TIN) HSN/SAC code for the goods/services E-way bill number Place of dispatch None A revised invoice must be issued by a taxable person within: 1 month from the date of supply 30 days from the date of registration 2 months from the date of supply 60 days from the date of registration None Which of the following is used to pay GST? GSTN account Electronic cash ledger Electronic credit ledger Both (b) and (c) None What is the due date for payment of GST? 15th of the next month 20th of the next month Last day of the next month No specific due date None Interest for delayed payment of GST is levied at: 12% per annum 15% per annum 18% per annum 24% per annum None An appeal to the Appellate Tribunal under GST must be filed within: 30 days from the date of order 60 days from the date of order 90 days from the date of order 120 days from the date of order None Which of the following constitutes a GST offense? Issuing an invoice without supply of goods/services Deliberate suppression of turnover Failure to register under GST All of the above None The penalty for non-issuance of an invoice is: ₹10,000 ₹25,000 ₹50,000 ₹1,00,000 None Who can issue a show cause notice under GST? GST Commissioner Assistant Commissioner Superintendent of GST All of the above None 1 out of 4 Great job on taking the INCOC Test! We appreciate your interest in test. Look out for results and future opportunities. Stay Connected !! Your quiz time is about to finish. Few seconds left. Time's upYou cannot switch tabs while taking this quiz!You are not allowed to switch tabs violation has been recorded.you cannot minimize full screen mode!You are not allowed to minimize full screen while taking this quiz, violation has been recorded.Access denied! To begin the quiz, please grant this quiz access to your camera.Time is Up!Time is Up!
