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MCQs

Total Questions : 274 | Page 2 of 28 pages
Question 11. Balance in electronic credit ledger under IGST can be used against which liability?
  1.    IGST Liability only
  2.    IGST and CGST liability
  3.    IGST, CGST and SGST liability
  4.    None of them
 Discuss Question
Answer: Option C. -> IGST, CGST and SGST liability
Question 12. Balance in electronic credit ledger under SGST can be used against which liability?
  1.    SGST Liability only
  2.    SGST and IGST liability
  3.    SGST, IGST and CGST liability
  4.    None of them
 Discuss Question
Answer: Option B. -> SGST and IGST liability
Question 13. Balance in electronic credit ledger under CGST can be used against which liability?
  1.    CGST Liability only
  2.    CGST and IGST liability
  3.    CGST, IGST and SGST liability
  4.    None of them
 Discuss Question
Answer: Option B. -> CGST and IGST liability
Question 14. What is the due date for payment of tax?
  1.    Last day of the month to which payment relates
  2.    Within 10 days of the subsequent month
  3.    Within 20 days of the subsequent month
  4.    Within 15 days of the subsequent month
 Discuss Question
Answer: Option C. -> Within 20 days of the subsequent month
Question 15. What is the rate of TDS?
  1.    1%
  2.    4%
  3.    5%
  4.    18%
 Discuss Question
Answer: Option A. -> 1%
Question 16. Who is considered as an e-commerce operator, who _____________digital or electronic facility or platform for electronic commerce
  1.    Owns
  2.    Operates
  3.    Manages
  4.    Any of the above
 Discuss Question
Answer: Option D. -> Any of the above
Question 17. When an e-commerce operator is required to register under GST?
  1.    When he is required to collect tax at source u/s 52
  2.    When his aggregate turnover exceeds the threshold limit
  3.    When he is required to discharge tax on the taxable supply or services made by the supplier through him u/s 9(5)
  4.    It is mandatory to register irrespective of the threshold limit.
 Discuss Question
Answer: Option D. -> It is mandatory to register irrespective of the threshold limit.
Question 18. The Tourist can claim Refund of following taxes paid
  1.    CGST and SGST/UTGST on supply of Goods and services
  2.    IGST on supply of goods consumed in Jammu & Kashmir
  3.    Tax paid on the supply of scotch to be taken out of India
  4.    None of the above
 Discuss Question
Answer: Option D. -> None of the above
Question 19. Refunds will not be allowed in cases of:-
  1.    Exports made on payment of tax
  2.    Exports made without payment of tax
  3.    Where tax on inputs are higher than tax on outputs
  4.    All of the above
 Discuss Question
Answer: Option A. -> Exports made on payment of tax
Question 20. How many countries have dual – GST model?
  1.    5
  2.    8
  3.    10
  4.    14
  5.    None of these
 Discuss Question
Answer: Option E. -> None of these

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