Welcome to your International Navodaya Chamber of Commerce (INCOC) Platform ! Subject: Indirect Tax Laws and PracticeTotal 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, which of the following is not a supply? Sale of goods Renting of immovable property Personal gifts to relatives Transfer of business assets None 2. Which form is used to file an application for registration under GST? GST REG-01 GST REG-02 GST RFD-01 GST CMP-02 None 3. Composition levy scheme is not available to which of the following? Manufacturer Trader Supplier of restaurant services Supplier of inter-state services None 4. In case of mixed supply, the rate of tax is determined based on: Highest rate applicable to any item Average rate of all items Lowest rate of any item Fixed rate of 12% None 5. The time limit for taking Input Tax Credit (ITC) for any invoice is: 1 year from the date of invoice 6 months from the date of invoice Due date of filing September return of next financial year No time limit None 6. Which section deals with the levy and collection of IGST? Section 5 Section 7 Section 8 Section 9 None 7. What is the maximum amount of late fee for delay in filing GSTR-3B for a taxpayer having nil tax liability? Rs. 200 Rs. 500 Rs. 1000 Nil None 8. Under Customs law, the term 'goods' includes: Only movable items Only immovable items Both movable and immovable items Neither movable nor immovable items None 9. The maximum period for warehousing goods under the Customs Act is 1 year 6 months 90 days No maximum period None 10. Under GST, which of the following is an exempt supply? Sale of petrol Sale of alcohol for human consumption Renting of residential dwelling for personal use All of the above None 11. What is the threshold limit for mandatory GST registration in case of services? Rs. 10 lakhs Rs. 20 lakhs Rs. 40 lakhs Rs. 50 lakhs None 12. Under GST law, what is the time limit for issuing a tax invoice for goods? Within 15 days from the date of supply On the date of removal of goods Before the end of the month in which supply is made None of the above None 13. What is the rate of interest on delayed payment of GST? 12% 15% 18% 24% None 14. Which of the following is not a supply under GST? Sale of shares Renting of machinery Permanent transfer of business assets Sale of goods on approval basis None 15. The advance ruling under GST can be sought by: Taxable person only Taxable person or an applicant Only by CGST officers None of the above None 16. The value of imported goods for customs purposes is determined under: Section 14 of the Customs Act Section 10 of the Customs Act Section 5 of the Customs Tariff Act Section 4 of the Central Excise Act None 17. Which of the following is not eligible for claiming Input Tax Credit? Goods used for personal consumption Goods used for business Goods used for further supply Capital goods used in the business None 18. Under Customs, the term 'adjudicating authority' means: Commissioner (Appeals) Any authority competent to pass any order Appellate Tribunal Settlement Commission None 19. What is the due date for payment of GST for a normal taxpayer? 10th of the following month 15th of the following month 20th of the following month Last day of the following month None 20. Which of the following is treated as 'deemed supply' under GST? Transfer of business assets for consideration Goods sent on job work Sale of land Sale of securities None 21. The GST Council is chaired by: President of India Prime Minister Finance Minister Revenue Secretary None 22. Which form is used for annual return filing under GST? GSTR-1 GSTR-3B GSTR-9 GSTR-2A None 23. The 'place of supply' in case of transportation of goods is: Place of delivery Place of supplier Place of receipt Place of removal None 24. Which of the following is true for 'reverse charge mechanism' under GST? Supplier is liable to pay tax Recipient is liable to pay tax No tax is applicable Either supplier or recipient can pay None 25. The customs duty levied on goods based on the value is known as: Specific duty Ad valorem duty Protective duty Countervailing duty None 26. Under GST, which of the following are 'zero-rated' supplies? Alcohol for human consumption Sale of petroleum Export of goods and services Supply of exempt goods None 27. Anti-dumping duty is imposed under which section of the Customs Tariff Act? Section 9A Section 10 C Section 14 Section 20 None 28. What is the GST rate on education services provided by educational institutions? 0% 5% 12% 18% None 29. Under GST, Input Service Distributor (ISD) can distribute credit to: Branches having same PAN Any taxable person Only manufacturers Only to suppliers of goods None 30. A 'bill of entry' is filed for: Import of goods Export of goods Supply of goods within the country None of the above None 31. Customs duty is levied under: Central Excise Act Customs Act, 1962 CGST Act IGST Act None 32. GST paid on which of the following is ineligible for Input Tax Credit? Capital goods used in business Services used for personal purposes Raw materials used for production Machinery used for manufacturing None 33. Under the Customs Act, the value of goods includes: Cost only Cost, insurance, and freight Freight only None of the above None 34. Under GST, what is the HSN code requirement for taxpayers with turnover above Rs. 5 crore? No HSN code required 2 digits 4 digits 6 digits None 35. The place of supply for services in relation to an immovable property is: Location of supplier Location of recipient Location of the immovable property None of the above None 36. Customs duty is calculated on: Invoice value Transaction value after adding necessary costs Retail sale price None of the above None 37. In GST, the 'forward charge mechanism' means: Tax is paid by the recipient Tax is paid by the supplier No tax liability Either supplier or recipient can pay None 38. Under the Customs Act, smuggling involves: Bringing goods without paying duty Bringing goods with full payment of duty Exporting goods legally Importing goods with customs clearance None 39. The time limit for issuance of show cause notice under Section 28 of Customs Act is: 1 year 2 years 3 years 5 years None 40. What is the GST rate applicable on healthcare services provided by a clinical establishment? 5% 12% 18%. Nil None 1 out of 4 Great job on taking the INCOC Test! 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