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MCQs

Total Questions : 274 | Page 7 of 28 pages
Question 61. What is location of supply in case of importation of goods?
  1.    Customs port where the goods are cleared
  2.    Location of the importer
  3.    Place where the goods are delivered after clearance from customs port
  4.    Owner of the goods
 Discuss Question
Answer: Option B. -> Location of the importer
Question 62. What is the threshold limit of turnover in the preceding financial year for opting to pay tax under composition scheme?
  1.    Rs.75 lacs
  2.    Rs.1 crore
  3.    Rs.1.5 crore
  4.    None of the above
 Discuss Question
Answer: Option C. -> Rs.1.5 crore
Question 63. What is the rate applicable under CGST to a registered person being a hotelier opting to pay taxes under composition scheme?
  1.    1%
  2.    0.5%
  3.    2.5%
  4.    None of the above
 Discuss Question
Answer: Option C. -> 2.5%
Question 64. Who are mandatorily required to obtain registration?
  1.    Every Person
  2.    For an agriculturist or exclusively engaged in supplying exempt goods or services is not required and for others if specified threshold limit exceeds in a financial year
  3.    Not required for an agriculturist or person exclusively engaged in supplying exempt goods or services
  4.    No, only if specified threshold exceeds in a financial year then only need to obtain
 Discuss Question
Answer: Option B. -> For an agriculturist or exclusively engaged in supplying exempt goods or services is not required and for others if specified threshold limit exceeds in a financial year
Question 65. Which one of the following is true?
  1.    A person can collect tax only he is registered
  2.    Registered person not liable to collect tax till his aggregate turnover exceeds threshold limit
  3.    A person can collect the tax during the period of his provisional registration
  4.    None of the above
 Discuss Question
Answer: Option A. -> A person can collect tax only he is registered
Question 66. Which form is to be used for registration?
  1.    Form GSTR -1A
  2.    Form GSTR – 2
  3.    Form GST REG-01
  4.    Form GST REG
 Discuss Question
Answer: Option C. -> Form GST REG-01
Question 67. PAN issued under the Income Tax Act is mandatory for grant of registration.
  1.    It is one of the document listed.
  2.    Yes, but non-resident taxable person may be granted registration on the basis of any other document.
  3.    No, for persons who are required to deduct tax at source u/s 51 shall have TAN in lieu of PAN.
  4.    Both (b) and (c)
 Discuss Question
Answer: Option D. -> Both (b) and (c)
Question 68. Which of the following requires amendment in the registration certificate?
  1.    Change of name of the registered person
  2.    Change in constitution of the registered person
  3.    Switching over form composition scheme to normal scheme or vice versa.
  4.    All of the above
 Discuss Question
Answer: Option D. -> All of the above
Question 69. What is the validity of the registration certificate?
  1.    Five years
  2.    Ten years
  3.    No validity
  4.    Valid till it is cancelled
 Discuss Question
Answer: Option D. -> Valid till it is cancelled
Question 70. For an E-commerce operator registration threshold limit is?
  1.    Rs.20 lacs
  2.    Rs.50 lacs
  3.    Rs.75 lacs
  4.    None of above
 Discuss Question
Answer: Option D. -> None of above

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