1133 + Mcqs in Gst Page 11 McqOptions

501.	The time period for the disposal of an advance ruling application will be :
A.	Within 30 days of the receipt of the application
B.	Within 60 days of the receipt of the application
C.	Within 90 days of the receipt of the application
D.	Within 180 days of the receipt of the application
Answer» D. Within 180 days of the receipt of the application

Discussion

502.	If there are differences of opinion between 2 members of AAR, what will be the next option?
A.	Refer the case to the AAAR
B.	Decide based on the Majority by designating for the time being one more member to the AAR
C.	Reject the Advance ruling Application
D.	Any of the Above
Answer» B. Decide based on the Majority by designating for the time being one more member to the AAR

Discussion

503.	If there is no common conclusion between the 2 members of AAAR, what will be the next option?
A.	Decide based on the Majority by designating one more member to the AAAR for the time being
B.	No Advance Ruling at the level of AAAR
C.	Reject the Advance ruling Application
D.	Any of the Above
Answer» C. Reject the Advance ruling Application

Discussion

504.	If any of the parties are aggrieved by the advance ruling of the AAR, what will be the option available to the dealer or CGST/SGST Officials?
A.	File appeal before the AAAR
B.	Refer the case for the revision Order of the Commissioner
C.	Approach the Tribunal
D.	Any of the Above
Answer» B. Refer the case for the revision Order of the Commissioner

Discussion

505.	The prescribed time period for the filing of appeal against the Advance Ruling will be:
A.	Within 30 days of the receipt of the advance ruling
B.	Within 60 days of the receipt of the advance ruling
C.	Within 90 days of the receipt of the advance ruling
D.	Within 180 days of the receipt of the advance ruling
Answer» B. Within 60 days of the receipt of the advance ruling

Discussion

506.	The prescribed time period for the disposal of an appeal against the Advance Ruling?
A.	Within 30 days of the filing of the appeal
B.	Within 60 days of the filing of the appeal
C.	Within 90 days of the filing of the appeal
D.	Within 180 days of the filing of the appeal
Answer» D. Within 180 days of the filing of the appeal

Discussion

507.	The prescribed time period for the rectification of any error apparent on the face record in advance ruling or order in appeal against advance ruling?
A.	Within 1 month from the date of order
B.	Within 2 month from the date of order
C.	Within 3 month from the date of order
D.	Within 6 month from the date of order
Answer» E.

Discussion

508.	Who will be the authority for filing further appeal against the Revision Order of the SGST Commissioner?
A.	Tribunal
B.	High Court
C.	Supreme Court
D.	Any of the above in the order of (A), (B) and (C)
Answer» E.

Discussion

509.	What will be the proposed structure of a Tribunal in GST?
A.	National Appellate Tribunal Headed by National President
B.	State Appellate Tribunal as branch of the National Tribunal headed by State President
C.	Judicial Members, Technical Members of SGST and CGST
D.	All of the Above
Answer» E.

Discussion

510.	What is the restriction set forth to the National President or State President or Members after ceasing to hold the office of a Tribunal?
A.	No right to appear before the National Tribunal or its branch at each states or UT being an A/R
B.	No Such Restrictions at all
C.	Restrictions only in the native state of the Tribunal Members
D.	Restrictions only to appear before the National Bench of the Tribunal
Answer» B. No Such Restrictions at all

Discussion

511.	The time limit for filing an appeal before the Tribunal will be:
A.	Within 6 Months from the date of the communication of the Order
B.	Within 4 Months from the date of the communication of the Order
C.	Within 3 Months from the date of the communication of the Order
D.	Within 2 Months from the date of the communication of the Order
Answer» D. Within 2 Months from the date of the communication of the Order

Discussion

512.	An appeal filed before the High Court should be heard by?
A.	A Bench of not less than 2 judges based on majority opinion
B.	A Bench of not less than 3 judges based on majority opinion
C.	A Bench of not less than 5 judges based on majority opinion
D.	A Bench of not less than 7 judges based on majority opinion
Answer» B. A Bench of not less than 3 judges based on majority opinion

Discussion

513.	The discretionary threshold limit of the Tribunal to not to admit any appeal will be:
A.	5/-Lakh or Less
B.	3/-Lakh or Less
C.	1/-Lakh or Less
D.	No Such Discretionary Threshold Limit
Answer» D. No Such Discretionary Threshold Limit

Discussion

514.	The permissible time period for the rectification of error apparent on the face of record in the case of Adjudicating Authority and FAA will be:
A.	Within 1 Months of the Order
B.	Within 2 Months of the Order
C.	Within 3 Months of the Order
D.	Within 6 Months of the Order
Answer» E.

Discussion

515.	What is the sole purpose of giving Advance Rulings in the form of clarifications?
A.	To avoid long drawn and expensive litigation
B.	To Protect the state /Central Revenue
C.	To protect the business interest of the Dealers
D.	Any of the Above
Answer» B. To Protect the state /Central Revenue

Discussion

516.	The normal time period for filing Cross Objections by the respondent in the case of an appeal by either party will be :
A.	15 days from the date of receipt of the notice subject to delay condo nation
B.	30 days from the date of receipt of the notice subject to delay condo nation
C.	45 days from the date of receipt of the notice subject to delay condo nation
D.	60 days from the date of receipt of the notice subject to delay condo nation
Answer» D. 60 days from the date of receipt of the notice subject to delay condo nation

Discussion

517.	The permissible time period for the rectification of an error apparent on the face of record by the Tribunal will be:
A.	1 Month from the date of order
B.	2 Months from the date of order
C.	3 Months from the date of order
D.	No such time limit.
Answer» D. No such time limit.

Discussion

518.	Whether the FAA or Tribunal is empowered to enhance the tax liability or to reduce refund in an appeal case?
A.	Yes, subject to the issuance of the notice communicating the intention and giving opportunity for personal hearing
B.	Yes-without any further notice
C.	Only to refer back such cases to the Adjudicating Authority
D.	None of the Above
Answer» B. Yes-without any further notice

Discussion

519.	Who will be the final fact finding authority in a tax case?
A.	FAA
B.	Tribunal
C.	HC
D.	SC
Answer» C. HC

Discussion

520.	Default Bench of Tribunal will be:
A.	3 members Bench consisting of One Member (Judicial),One Technical Member(CGST) and One Member Technical(SGST)
B.	5 members Bench consisting of One Member (Judicial),One Technical Member(CGST) and One Member Technical(SGST)
C.	3 members Bench consisting of One Member (Judicial),One Technical Member(CGST) and One Member Technical(SGST)
D.	At least 2 member Bench consisting of National/State President and One Technical Member
Answer» B. 5 members Bench consisting of One Member (Judicial),One Technical Member(CGST) and One Member Technical(SGST)

Discussion

521.	The CGST second appeal before the Tribunal will be filed by:
A.	CGST Commissioner
B.	Review Committee comprising of 2 CGST Officers
C.	Legal Wing of the CGST Department
D.	Concerned Adjudicating Officer
Answer» C. Legal Wing of the CGST Department

Discussion

522.	If there is difference of opinion to the members of the Review Committee, what will be the deemed inference?
A.	A fit case of second appeal
B.	An unfit case for second appeal
C.	A case requiring legal opinion
D.	A case to be referred in to the CGST Commissioner
Answer» B. An unfit case for second appeal

Discussion

523.	After retirement, the indirect Tax Gazetted Officers having a minimum 2 years’ service as such are permitted to appear before the FAA and Tribunal after a period of?
A.	One Year from Retirement
B.	Two Years from Retirement
C.	Three Years from retirement
D.	Four Years from Retirement
Answer» B. Two Years from Retirement

Discussion

524.	The appeal against the judgment of the Tribunal which relates to a matter where two or more states, or a state and centre have different opinions regarding its nature of sales or place of supply, who will be next competent authority to file next appeals?
A.	Single Bench of the High Court situated in the native state of the Appellant
B.	Division Bench of the High Court in the native state of the Appellant
C.	Supreme Court
D.	Any of the Above
Answer» D. Any of the Above

Discussion

525.	Suppose, the IGST Credit of ` 5/-Lakhs has been cross utilised to settle the SGST OPT of ` 5/-Lakhs of a Kerala Dealer. The fund transfer will be:
A.	5/-Lakhs from IGST Fund will be transferred by Central government In to Kerala SGST Fund
B.	5/-Lakhs from IGST Fund will be transferred by Central government In to Kerala SGST Fund
C.	5/-Lakhs from CGST Fund will be transferred by Central government in to Kerala SGST Fund
D.	No Fund Transfer at all.
Answer» B. 5/-Lakhs from IGST Fund will be transferred by Central government In to Kerala SGST Fund

Discussion

526.	The permissible time period to file appeals before the High Court in the normal course will be:
A.	Within 30 days from the date of receipt of the Tribunal Order
B.	Within 90 days from the date of receipt of the Tribunal Order
C.	Within 60 days from the date of receipt of the Tribunal Order
D.	Within 180 days from the date of receipt of the Tribunal Order
Answer» E.

Discussion

527.	Suppose, the IGST Credit of ` 5/-Lakhs is cross utilised to settle the IGST OPT of ` 5/-Lakhs of a Kerala Dealer. The fund transfer will be:
A.	5/-Lakhs from IGST Fund will be transferred by Central government In to Kerala SGST Fund
B.	5/-Lakhs from SGST Fund will be transferred by Kerala government in to Central IGST Fund
C.	5/-Lakhs from CGST Fund will be transferred by Central government in to Kerala SGST Fund
D.	No Fund Transfer at all.
Answer» E.

Discussion

528.	Whether the supplies to UN Agencies are taxable under GST?
A.	Yes
B.	Taxable at Supply Point and Refundable subject to submission of Purchase statement as and when purchases are made with their UID No.
C.	Both (A) and (B)
D.	None of the Above
Answer» D. None of the Above

Discussion

529.	The interstate purchases made by the Govt.deparmtnet not in the course of business are treated as :
A.	B2B Supplies
B.	B2C Supplies
C.	B2C Subject to the quoting of the Departmental ID issued by SGST Officials
D.	B2G Supplies
Answer» D. B2G Supplies

Discussion

530.	The filing of Monthly Returns in GST will be:
A.	At a stretch
B.	Two Phases
C.	Three Phases
D.	Four Phases
Answer» D. Four Phases

Discussion

531.	What is the proposed Permissible Time Period for addition or Deletion or editing or modifications of the entries related to one’s statement of outward supply in the same month based on GSTR-2?
A.	Between 11th to 15th of the Next Month
B.	Between 11th to 17th of the Next Month
C.	Between 11th to 20th of the Next Month
D.	No Revision is Permitted
Answer» E.

Discussion

532.	The normal permissible Time Period to upload the statement of outward supply (i.e., GSTR-1) will be:
A.	From 01th to 10th of the Next Month
B.	From 11th to 15th of the Next Month
C.	From 11th to 15th of the Next Month
D.	From 11th to 20th of the Next Month
Answer» B. From 11th to 15th of the Next Month

Discussion

533.	What is the proposed Permissible Normal Time Period to confirm the Outward Supply of Some One else as Inward Supply of a Recipient of Supply by viewing such statement of out ward supplies and ticking the same either manually or with the help of any third party software and to add the missing invoices and to make necessary deletion or modification will be :
A.	From 11th to 15th of the Next Month
B.	From 11th to 17th of the Next Month
C.	From 11th to 20th of the Next Month
D.	From 11th to 25th of the Next Month
Answer» B. From 11th to 17th of the Next Month

Discussion

534.	The date by which the GSTN will auto populate the statement of inward supplies based on GSTR-1 at the end of the recipient of the supplies?
A.	On 11th of the Next Month
B.	On 15th of the Next Month
C.	On 17th of the Next Month
D.	On 20th of the Next Month
Answer» B. On 15th of the Next Month

Discussion

535.	The Tax Collected by E-Commerce Operators from the actual Suppliers of Goods is termed as:
A.	TDS
B.	TCS
C.	Service tax
D.	All of the Above
Answer» C. Service tax

Discussion

536.	The prescribed Time Period for completing Job Work on industrial inputs and thereby to avail IPT on inputs sent for Job Work will be: (Otherwise IPT will be reversed and allowed only on the actual receipt of the goods after Job Work)
A.	30 Days
B.	60 Days
C.	90 Days
D.	180 Days
Answer» E.

Discussion

537.	The prescribed Time Period for completing Job Work on Capital Goods and thereby to avail IPT on inputs sent for Job Work will be: (Otherwise IPT will be reversed and allowed only on the actual receipt of the Capital goods after Job Work)
A.	90 Days
B.	180 Days
C.	1 Year
D.	2 Year
Answer» E.

Discussion

538.	Suppose, Goods are sent for Job Work before the implementation date of GST and the same were not received back within 6 months from that date and not received it back even after the time extension of 2 months allowed on reasonable cause. What will be its effect in GST?
A.	Deemed Supply of the Registered Dealer who sent the goods for Job Work
B.	Deemed Supply of Job Worke
C.	No Taxable Event
D.	Either of the Party Liable to Pay GST
Answer» B. Deemed Supply of Job Worke

Discussion

539.	The IPT on Capital Goods will be allowed in GST in or as :
A.	3 Monthly Instalments
B.	12 Monthly Instalments
C.	36 Monthly Instalments
D.	One Go
Answer» E.

Discussion

540.	Suppose, the above Job Worker return back the goods after Job Work after 6 months or after the extended time period of 2 months, such Supply of Goods will be treated as :
A.	An Exempted Supply
B.	No Taxable Event
C.	Sales Return of the Registered Dealer
D.	Deemed Supply of the Registered Job Worker
Answer» E.

Discussion

541.	The Tax Liability of a person receiving the goods instead of the person supplying the goods will be knows as:
A.	Purchase Tax
B.	Reverse Charge
C.	Reverse Tax
D.	None of the Above
Answer» C. Reverse Tax

Discussion

542.	The Prescribed final date for the filing of Annual Return with Quantitative Supply Data and Both direct and Indirect Expenditure and Income Data
A.	June, 30th of the Next Financial Year
B.	September, 30th of the Next Financial Year
C.	December, 3st of the Next Financial Year
D.	January, 31st of the Next Financial Year
Answer» D. January, 31st of the Next Financial Year

Discussion

543.	ITC is allowed only on those goods and /or Services which are intended for making :
A.	Taxable Supplies
B.	Zero Rated Supplies
C.	Both (A) and (B) above
D.	Even on Taxable Inward Supply and Non-Taxable Local or Interstate Supplies
Answer» D. Even on Taxable Inward Supply and Non-Taxable Local or Interstate Supplies

Discussion

544.	Unadjusted ITC Credit at the end of a financial Year is carried forwarded to Next Financial Year except in the case of :
A.	Zero-Rated Supply ( Export Supply)
B.	Inverted Tax Structure
C.	Both (A) and (B) above
D.	All ITC Carried Forwarded without any Refund
Answer» D. All ITC Carried Forwarded without any Refund

Discussion

545.	The goods sent by a Registered taxable Person to a Registered Job Worker is:
A.	Supply of Goods
B.	Deemed Supply of Goods
C.	Not a Taxable Supply of Goods
D.	Either (A) or (B) Above
Answer» D. Either (A) or (B) Above

Discussion

546.	The unutilized ITC in the electronic ITC Ledger will be allowed to a new entity on business as a whole transfer, merger, demerger, amalgamation and on lease if the transfer deed provides for:
A.	Transfer of all the Assets of the Existing Business Concern
B.	Transfer of all the Liabilities of the Existing Business Concern
C.	Transfer of both Assets and Liabilities of the existing business concern including credit on Electronic Cash Ledger
D.	Any of the Above
Answer» D. Any of the Above

Discussion

547.	Suppose, One Dealer paying tax under Normal Scheme switch over in to Composition Scheme. What will be the fate of his already ITC availed existing stock and Credit balance on Electronic ITC Ledger?
A.	Reversal of ITC on Existing Stock by Debiting the Electronic ITC Ledger and Electronic Cash Ledger
B.	The balance ITC Ledger after Reversal of ITC on Stock will be lapsed
C.	Both (A) and (B) above
D.	No Reversal of ITC
Answer» D. No Reversal of ITC

Discussion

548.	The Unadjusted Cenvat Credit under earlier law will be transferred and credited to :
A.	IGST ITC
B.	CGST ITC
C.	SGST ITC
D.	Any of the Above
Answer» C. SGST ITC

Discussion

549.	The Proposed Penalty for availing IPT without actual receipt of goods and /or services will be:
A.	10,000/- or wrongly availed IPT whichever is higher
B.	25,000/- or wrongly availed IPT whichever is higher
C.	50,000/- or wrongly availed IPT whichever is higher
D.	No Penalty at all.
Answer» B. 25,000/- or wrongly availed IPT whichever is higher

Discussion

550.	The Unadjusted VAT Credit under earlier law will be transferred and credited to :
A.	IGST ITC
B.	CGST ITC
C.	SGST ITC
D.	Any of the Above
Answer» D. Any of the Above

Discussion

Explore topic-wise MCQs in Commerce.

The time period for the disposal of an advance ruling application will be :

If there are differences of opinion between 2 members of AAR, what will be the next option?

If there is no common conclusion between the 2 members of AAAR, what will be the next option?

If any of the parties are aggrieved by the advance ruling of the AAR, what will be the option available to the dealer or CGST/SGST Officials?

The prescribed time period for the filing of appeal against the Advance Ruling will be:

The prescribed time period for the disposal of an appeal against the Advance Ruling?

The prescribed time period for the rectification of any error apparent on the face record in advance ruling or order in appeal against advance ruling?

Who will be the authority for filing further appeal against the Revision Order of the SGST Commissioner?

What will be the proposed structure of a Tribunal in GST?

What is the restriction set forth to the National President or State President or Members after ceasing to hold the office of a Tribunal?

The time limit for filing an appeal before the Tribunal will be:

An appeal filed before the High Court should be heard by?

The discretionary threshold limit of the Tribunal to not to admit any appeal will be:

The permissible time period for the rectification of error apparent on the face of record in the case of Adjudicating Authority and FAA will be:

What is the sole purpose of giving Advance Rulings in the form of clarifications?

The normal time period for filing Cross Objections by the respondent in the case of an appeal by either party will be :

The permissible time period for the rectification of an error apparent on the face of record by the Tribunal will be:

Whether the FAA or Tribunal is empowered to enhance the tax liability or to reduce refund in an appeal case?

Who will be the final fact finding authority in a tax case?

Default Bench of Tribunal will be:

The CGST second appeal before the Tribunal will be filed by:

If there is difference of opinion to the members of the Review Committee, what will be the deemed inference?

After retirement, the indirect Tax Gazetted Officers having a minimum 2 years’ service as such are permitted to appear before the FAA and Tribunal after a period of?

The appeal against the judgment of the Tribunal which relates to a matter where two or more states, or a state and centre have different opinions regarding its nature of sales or place of supply, who will be next competent authority to file next appeals?

Suppose, the IGST Credit of ` 5/-Lakhs has been cross utilised to settle the SGST OPT of ` 5/-Lakhs of a Kerala Dealer. The fund transfer will be:

The permissible time period to file appeals before the High Court in the normal course will be:

Suppose, the IGST Credit of ` 5/-Lakhs is cross utilised to settle the IGST OPT of ` 5/-Lakhs of a Kerala Dealer. The fund transfer will be:

Whether the supplies to UN Agencies are taxable under GST?

The interstate purchases made by the Govt.deparmtnet not in the course of business are treated as :

The filing of Monthly Returns in GST will be:

What is the proposed Permissible Time Period for addition or Deletion or editing or modifications of the entries related to one’s statement of outward supply in the same month based on GSTR-2?

The normal permissible Time Period to upload the statement of outward supply (i.e., GSTR-1) will be:

The date by which the GSTN will auto populate the statement of inward supplies based on GSTR-1 at the end of the recipient of the supplies?

The Tax Collected by E-Commerce Operators from the actual Suppliers of Goods is termed as:

The prescribed Time Period for completing Job Work on industrial inputs and thereby to avail IPT on inputs sent for Job Work will be: (Otherwise IPT will be reversed and allowed only on the actual receipt of the goods after Job Work)

The prescribed Time Period for completing Job Work on Capital Goods and thereby to avail IPT on inputs sent for Job Work will be: (Otherwise IPT will be reversed and allowed only on the actual receipt of the Capital goods after Job Work)

Suppose, Goods are sent for Job Work before the implementation date of GST and the same were not received back within 6 months from that date and not received it back even after the time extension of 2 months allowed on reasonable cause. What will be its effect in GST?

The IPT on Capital Goods will be allowed in GST in or as :

Suppose, the above Job Worker return back the goods after Job Work after 6 months or after the extended time period of 2 months, such Supply of Goods will be treated as :

The Tax Liability of a person receiving the goods instead of the person supplying the goods will be knows as:

The Prescribed final date for the filing of Annual Return with Quantitative Supply Data and Both direct and Indirect Expenditure and Income Data

ITC is allowed only on those goods and /or Services which are intended for making :

Unadjusted ITC Credit at the end of a financial Year is carried forwarded to Next Financial Year except in the case of :

The goods sent by a Registered taxable Person to a Registered Job Worker is:

The unutilized ITC in the electronic ITC Ledger will be allowed to a new entity on business as a whole transfer, merger, demerger, amalgamation and on lease if the transfer deed provides for:

Suppose, One Dealer paying tax under Normal Scheme switch over in to Composition Scheme. What will be the fate of his already ITC availed existing stock and Credit balance on Electronic ITC Ledger?

The Unadjusted Cenvat Credit under earlier law will be transferred and credited to :

The Proposed Penalty for availing IPT without actual receipt of goods and /or services will be:

The Unadjusted VAT Credit under earlier law will be transferred and credited to :