Welcome to your International Navodaya Chamber of Commerce (INCOC) Platform ! Subject: Indirect Tax LawsTotal Number of Question: 40Time: 41 MinutesPlease check your email after completion of test for result.All the best... Name Phone No Email State 1. Under GST, exempt supplies include: Supplies attracting 0% tax Supplies that are non-taxable Both (a) and (b) None of the above None 2. GST is applicable on which of the following? Alcohol for human consumption Electricity Petroleum crude All of the above None 3. The term "Aggregate Turnover" under GST includes: Taxable supplies Exempt supplies Export supplies All of the above None 4. GST compensation cess is levied for how many years initially? 2 years 3 years 5 years 10 years None 5. Tax invoice under GST must be issued within how many days for services? 7 days 15 days 30 days 45 days None 6. Which of the following is not included in the value of supply under GST? Subsidies directly linked to price Late fees Interest on delayed payment Discounts given before or at the time of supply None 7. Services provided by an independent director of a company are: Exempt from GST Taxable under reverse charge mechanism Taxable under forward charge mechanism Non-taxable None 8. When goods are sent on approval basis, the invoice must be issued within: 30 days 45 days 6 days 38 days None 9. Under GST, the time of supply of services is earlier of: Date of issue of invoice or date of payment Date of receipt of payment or date of completion of service Date of completion of service or date of issue of invoice Date of issue of invoice or date of completion of service None 10. The penalty for not issuing an invoice under GST is: ₹5,000 ₹10,000 ₹25,000 ₹50,000 None 11. In the context of GST, ITC cannot be claimed on: Goods used for personal consumption Goods used for business purposes Goods sent to job work Capital goods None 12. What is the maximum time limit for issuance of refund under GST? 60 days from the date of application 90 days from the date of application 160 days from the date of application 120 days from the date of application None 13. The due date for filing GSTR-9 is: 31st December 31st August 31st March 30th June None 14. GST rate on gold is: 3% 5% 12% 18% None 15. Advance Authorisation scheme under Customs is governed by: SEZ Act FTP Customs Act CGST Act None 16. Deemed exports refer to: Goods exported physically outside India Goods supplied to SEZ Goods supplied under specified conditions without physical export None of the above None 17. SEZ supplies are treated as: Taxable supplies Zero-rated supplies Exempt supplies None of the above None 18. Place of supply of passenger transport services is: Location of the supplier Location of the recipient Place where the journey begins Place where the journey ends None 19. Which of the following is not considered "goods" under GST? Shares Electricity Water Petroleum products None 20. GST rate on healthcare services is: 5% 12% 18% Exempt None 21. The time limit for issuing a debit note under GST is: Before September of the following year Within the same financial year No specific time limit None of the above None 22. In the context of Customs, the term "white list" refers to: Goods exempted from duty Countries with preferential tariff agreements Authorized economic operators None of the above None 23. The "basic customs duty" is levied under: Section 3 of Customs Tariff Act Section 12 of Customs Act Section 15 of Customs Act None of the above None 24. E-way bill is mandatory for goods exceeding the value of: ₹10,000 ₹20,000 ₹50,000 ₹1,00,000 None 25. Which of the following is not subject to reverse charge under GST? Security services Legal services Renting of immovable property IT services None 26. Customs duty is calculated on: Invoice value Transaction value after adding necessary costs Retail sale price None of the above None 27. What is the penalty for not maintaining proper accounts under GST? ₹5,000 ₹10,000 ₹25,000 ₹50,000 None 28. The authority to administer GST for Union Territories without a legislature lies with: GST Council Central Government State Government Union Territory Authority None 29. GST was implemented in India from: 1st April 2017 1st July 2017 15th August 2017 1st January 2018 None 30. Under the Customs Act, goods are said to be warehoused when: They are stored at the port of arrival They are kept in a bonded warehouse without paying duty They are exported without duty payment Duty is paid before storage None 31. Services provided by a lawyer to a business entity are taxed under: Forward charge mechanism Reverse charge mechanism Exempt supply None of the above None 32. Which of the following goods are exempt from GST? Fresh fruits and vegetables Alcoholic beverages Motor vehicles Electronic gadgets None 33. Under Customs law, import manifest must be filed by: Importer Exporter Carrier Customs officer None 34. GST on restaurant services is charged at: 5% without ITC 12% with ITC 18% with ITC 28% without ITC None 35. Who is eligible to opt for the Composition Scheme under GST? Service providers Interstate suppliers Manufacturers of ice cream, pan masala, or tobacco Dealers with turnover up to ₹1.5 crore None 36. The time limit for rectification of errors in GSTR-3B is: 6 months from the date of filing Before the due date of filing GSTR-3B of September of the next financial year 1 year from the date of filing None of the above None 37. GST compensation cess is applicable to: Small-scale industries Inter-state supplies Luxury goods and demerit goods All businesses None 38. Under Customs law, drawback is allowed on: Import of goods Re-export of imported goods within the prescribed time Domestic sale of goods None of the above None 39. Working papers belong to: The client The auditor The company management The regulatory authority None 40. The Code of Ethics is issued by: ICAI SEBI RBI MCA 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. 1 2 3 4 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!
