MCQOPTIONS
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MCQOPTIONS
This section includes 1133 Mcqs, each offering curated multiple-choice questions to sharpen your Commerce knowledge and support exam preparation. Choose a topic below to get started.
| 751. |
Which section specifies the conditions to be fulfilled for claiming ITC on inputs and/or capital goods sent to job-worker? |
| A. | 19 |
| B. | 55 |
| C. | 143 |
| D. | 177 |
| Answer» B. 55 | |
| 752. |
Can principal take input tax credit on the inputs and/or capital goods sent directly to jobworker? |
| A. | Yes |
| B. | No |
| C. | Yes subject to section 143 |
| D. | ITC on capital goods sent directly to job-worker’s premise is not eligible unless the same is received in the premises of the principal |
| Answer» D. ITC on capital goods sent directly to job-worker’s premise is not eligible unless the same is received in the premises of the principal | |
| 753. |
If the job-worker is eligible to claim ITC on the goods received from the principal, is there a time limit within which such ITC shall be availed/claimed by the job-worker? |
| A. | Within September 30 of following year |
| B. | Filing the annual return for the period |
| C. | Option (a) or (b), whichever is earlier |
| D. | No time limit prescribed to claim such ITC |
| Answer» D. No time limit prescribed to claim such ITC | |
| 754. |
If the inputs and/or capital goods are not received or returned within the prescribed time limit: |
| A. | It shall be deemed to be a supply on the day such inputs and/or capital goods are sent to job-worker and the principal to discharge the GST along with interest. |
| B. | No consequences |
| C. | The job-worker to discharge GST on expiry of the prescribed time limit. |
| D. | Principal to reverse the input tax credit taken on such inputs and or capital goods. |
| Answer» B. No consequences | |
| 755. |
How can the principal move goods to the job-worker? |
| A. | Job-work challan |
| B. | Tax invoice |
| C. | Delivery challan containing the details as specified in the Tax invoice, credit and debit note rules. |
| D. | Option (a) or (b) |
| Answer» D. Option (a) or (b) | |
| 756. |
Place of supply of food taken onboard at Delhi for an aircraft departing from Delhi to Bangalore via Hyderabad is |
| A. | Address of the aircraft carrier mentioned on the invoice of the supplier |
| B. | Delhi |
| C. | Jaipur |
| D. | Hyderabad |
| Answer» C. Jaipur | |
| 757. |
In case of any ambiguity where place of supply of goods cannot be determined as provided in IGST Act, 2016 who will determine the place of supply? |
| A. | Central Government on recommendation of the Council |
| B. | State and Central Government on recommendation of the Council |
| C. | State Government or Central Government as may be prescribed |
| D. | In a manner as may be prescribed |
| Answer» E. | |
| 758. |
Tourist means a person |
| A. | Not normally resident in India |
| B. | Stays for less than 200 days in India |
| C. | Stays for legitimate and Non-Immigrant purpose |
| D. | Both (a) and (b) |
| Answer» E. | |
| 759. |
Mr. Y residing in Ahmedabad appoints an architect in Delhi to provide Indian traditional home design for his proposed construction at Los Angeles, the place of supply of service is |
| A. | Los Angeles |
| B. | Ahmedabad |
| C. | Delhi |
| D. | Mumbai |
| Answer» B. Ahmedabad | |
| 760. |
If NM shipping Co. located in Chennai charges ocean freight charges for transport of goods to California for a customer located in Bangalore, the place of supply of service will be |
| A. | Chennai |
| B. | California |
| C. | Bangalore |
| D. | Delhi |
| Answer» C. Bangalore | |
| 761. |
Which of the following supply involving movement of goods is an intra-State supply? |
| A. | Location of supplier in Kerala and place of supply in Tamil Nadu |
| B. | Location of supplier in Karnataka and place of supply in Karnataka |
| C. | Location of supplier in Kerala and place of supply on Andhra Pradesh |
| D. | None of the above |
| Answer» C. Location of supplier in Kerala and place of supply on Andhra Pradesh | |
| 762. |
Whether prosecution can be initiated against the following persons? |
| A. | Members of Appellate Tribunal, since they did not follow the case law, which was decided by the President, leading to incorrect decision by such members of Appellate Tribunal |
| B. | Adjudicating Authority for not following the orders of the Commissioner, when such work was delegated to such Adjudicating Authority |
| C. | Vindictive action taken by a departmental officer, while discharging his function. The action was however in the favour of the revenue |
| D. | None of the above |
| Answer» D. None of the above | |
| 763. |
Should receipt be given when samples are taken by the department? |
| A. | Yes |
| B. | No |
| C. | No need for receipt |
| D. | None of the above |
| Answer» B. No | |
| 764. |
What are the circumstances when information collected by GST officer can be disclosed by such GST officer? |
| A. | When serving show cause notice to an assesse |
| B. | To the authority empowered to take disciplinary action, when inquiry is being conducted by such disciplinary committee |
| C. | To an officer appointed for the purpose of conducting audit |
| D. | All the above |
| Answer» E. | |
| 765. |
Whether validity of service of notice can be called into question when assessee has submitted himself to adjudication proceedings pursuant to such notice? |
| A. | Yes |
| B. | No |
| C. | Depends of the facts of the case |
| D. | None of the above |
| Answer» C. Depends of the facts of the case | |
| 766. |
When can mistake apparent on record be corrected? |
| A. | When mistake noticed by authority passing the order |
| B. | When mistake pointed out by corresponding officer of SGST |
| C. | When mistake pointed by person affected by the order |
| D. | All of the above |
| Answer» E. | |
| 767. |
Which of the following is an inter-State supply? |
| A. | Supplier of goods located in Delhi and place of supply of goods SEZ located in Delhi |
| B. | Supplier of goods located in Delhi and place of supply of goods in Jaipur |
| C. | Supplier of goods located in Delhi and place of supply of goods SEZ located in Chandigarh |
| D. | All the above |
| Answer» E. | |
| 768. |
Which of the following transaction is inter-state supply of goods involving movement of goods? |
| A. | Location of supplier is in Bangalore and location of recipient is in Mumbai |
| B. | Location of supplier is in Bangalore and place of supply is Mumbai |
| C. | Location of supplier and place of supply is Bangalore |
| D. | None of the above |
| Answer» C. Location of supplier and place of supply is Bangalore | |
| 769. |
Would notice/ order/ documents be ‘deemed as served’, though registered post/ speed post is not received by intended person? |
| A. | No. Actual service is necessary. There is no concept of deemed service. |
| B. | Yes, it is deemed to have been received by the addressee at the expiry of the period normally taken by such post, unless the contrary is proved. |
| C. | No |
| D. | None of the above |
| Answer» C. No | |
| 770. |
Supply of goods in the course of import of territory of India is |
| A. | Intrastate supply |
| B. | Inter-State supply |
| C. | Export |
| D. | Inter-state trade or commerce |
| Answer» E. | |
| 771. |
Within what period should the mistake apparent on record be brought to the notice of the authority? |
| A. | Three Months |
| B. | Six Months |
| C. | Depends – Three months in case of clerical error or arithmetical error and six months in other case |
| D. | None of the above |
| Answer» D. None of the above | |
| 772. |
___________ supply shall attract IGST? |
| A. | Intra-State |
| B. | Inter-State |
| C. | Both (a) and (b) |
| D. | None of the above |
| Answer» C. Both (a) and (b) | |
| 773. |
What action should be taken by an assessee to satisfy with anti-profiteering provision? |
| A. | Reduce rate of tax on any supply of goods or service, if such assessee has got the benefit of such reduced rate |
| B. | Pass on the benefit of input tax credit, if such assessee has got such input tax credit |
| C. | Both (a) and (b) |
| D. | None of the above |
| Answer» D. None of the above | |
| 774. |
What if an e-commerce operator having no physical presence in the taxable territory, does not have a representative in the taxable territory? |
| A. | His will have to discharge his tax liability in foreign currency |
| B. | He will not be liable to tax |
| C. | He has to appoint a person in the taxable territory for the purpose of paying tax on his behalf |
| D. | None of the above |
| Answer» D. None of the above | |
| 775. |
Unless and until notified, IGST shall not be levied on the inter-State supply of which of the following: |
| A. | Industrial alcohol |
| B. | Works contract |
| C. | Petroleum |
| D. | None of the above |
| Answer» D. None of the above | |
| 776. |
Who is responsible for accountability for any contravention under this Act? |
| A. | Principal |
| B. | Job-worker |
| C. | Manufacturer |
| D. | No-body |
| Answer» B. Job-worker | |
| 777. |
Who should discharge the liability of GST on the scrap generated during job-work? |
| A. | Job-worker, if registered |
| B. | Principal, if job-worker is not registered |
| C. | Always principal |
| D. | Option (a) or (b) |
| Answer» E. | |
| 778. |
Transfer of business includes …………… |
| A. | Sale |
| B. | Lease |
| C. | License |
| D. | All the above |
| Answer» E. | |
| 779. |
What is ‘deemed exports’ provisions applicable to? |
| A. | Deemed export provision is applicable only to goods |
| B. | Deemed export provision is applicable only to services |
| C. | Deemed export provision is applicable both to goods and services |
| D. | Deemed export provision is applicable when goods and services are supplied to SEZ units/ developers |
| Answer» B. Deemed export provision is applicable only to services | |
| 780. |
As per Section 145, Document includes: |
| A. | Written record |
| B. | Printed Record |
| C. | Electronic |
| D. | all of the above |
| Answer» E. | |
| 781. |
Who is liable to pay the tax in case of transfer of business? |
| A. | Transferor |
| B. | Transferee |
| C. | Both jointly and severally |
| D. | Jointly |
| Answer» D. Jointly | |
| 782. |
What are the conditions applicable before claiming deemed exports? |
| A. | Goods must be manufactured in India |
| B. | Goods must not leave India |
| C. | Goods must be notified by Central Government |
| D. | All the above |
| Answer» E. | |
| 783. |
What special procedures can be notified for certain class of persons u/s 148? |
| A. | Registration |
| B. | Furnishing of Return |
| C. | Payment of Tax |
| D. | All of the above |
| Answer» E. | |
| 784. |
GST compliance rating would be given to whom |
| A. | Input Service Distributor |
| B. | Supplier of Goods and/ or Services whose value of taxable turnover is greater than 20 lakhs |
| C. | Composition Dealer & Person who is liable to deduct TDS/ collect TCS |
| D. | All of the above |
| Answer» E. | |
| 785. |
Whether GST compliance rating would be placed in public domain? |
| A. | Yes – rating would be available to general public |
| B. | No – rating would not be available to general public |
| C. | Rating disclosed only at the time of entering into transaction |
| D. | Rating disclosed only to person to whom the compliance rating belongs |
| Answer» B. No – rating would not be available to general public | |
| 786. |
Who among the following are NOT eligible for carry forward Cenvat Credit in their Cenvat A/c into input tax credit under the CGST Law? |
| A. | Excise First Stage and Second Stage Dealers |
| B. | Manufacturers |
| C. | Service Providers |
| D. | Importers other than a registered importer |
| Answer» E. | |
| 787. |
Is there any requirement of a pre-approval or assessment or verification by the GST officers for transitioning the credit lying in balance in the VAT/ Cenvat Return into GST return? |
| A. | Specific approval of the jurisdictional officer is required |
| B. | Automatic, closing credit in the respective return would be automatically carried forward into the electronic credit ledger under GST |
| C. | Detailed assessment / audit is mandatory for allowing credit |
| D. | All credits availed up to one year prior to appointed date will be available |
| Answer» C. Detailed assessment / audit is mandatory for allowing credit | |
| 788. |
Who is a principal as per Section 143? |
| A. | A person who sends inputs and/or capital goods for job-work |
| B. | A registered taxable person who sends inputs and/or capital goods for job-work |
| C. | A registered taxable person who supplies inputs and/or capital goods for job-work |
| D. | A registered person |
| Answer» E. | |
| 789. |
Whether credit brought forward under the old law is eligible as input tax credit under GST law? |
| A. | Yes, without any restrictions |
| B. | Credit irregularly taken under the earlier law will also be available |
| C. | Eligible credit under the earlier law will be available only if it is also admissible as input tax credit under the GST law |
| D. | Eligible credit under the earlier law is available on a proportionate basis |
| Answer» D. Eligible credit under the earlier law is available on a proportionate basis | |
| 790. |
Should the principal referred to in Section 143 be registered? |
| A. | Yes |
| B. | No |
| C. | Principal should not be registered |
| D. | None of the above |
| Answer» B. No | |
| 791. |
Is Section 143 applicable to all categories of goods? |
| A. | Yes |
| B. | No |
| C. | Applicable to all categories of goods |
| D. | None of the above |
| Answer» C. Applicable to all categories of goods | |
| 792. |
From when will the period of one or three years be calculated under Section 143? |
| A. | The day when such inputs and/or capital goods sent to job-worker |
| B. | The day when the job-worker receives the said goods, in case the job-worker receives the goods directly |
| C. | Option (a) and (b) |
| D. | None of the above |
| Answer» D. None of the above | |
| 793. |
Will a principal who sends moulds, dies, jigs, tools and fixtures to job worker’s place liable to pay GST on such removal? |
| A. | No, it is not a supply |
| B. | Yes, if not received within time limit |
| C. | No, as capital goods as referred in section 143 excludes moulds, dies, jigs tools and fixtures |
| D. | None of the above |
| Answer» D. None of the above | |
| 794. |
GST is applicable on__ |
| A. | Inputs and/or capital goods sent to job-worker (Satisfying conditions u/s 143) |
| B. | The job-worker charges and additional material added by the job-worker on the inputs sent by the principal |
| C. | Both of the above |
| D. | None of the above |
| Answer» C. Both of the above | |
| 795. |
When should a job-worker take registration? |
| A. | Always |
| B. | Only if his aggregate turnover exceeds the threshold limits specified under Section 22 of the Act |
| C. | Never |
| D. | None of the above |
| Answer» C. Never | |
| 796. |
Which of the following will be allowed as credit under subsection (3) of section 140? |
| A. | Input services |
| B. | Total input purchased during the year |
| C. | Capital goods |
| D. | Inputs held in stock |
| Answer» E. | |
| 797. |
What is the condition for taking unavailed CENVAT Credit on Capital Goods? |
| A. | The CENVAT Credit should have been admissible under earlier law but not under GST |
| B. | The CENVAT Credit should have been admissible under GST but not under earlier law |
| C. | The CENVAT Credit should not have been admissible under GST or the earlier law |
| D. | The CENVAT Credit should have been admissible under both the earlier law and GST |
| Answer» E. | |
| 798. |
Unavailed CENVAT Credit on Capital Goods will be carried forward as? |
| A. | CGST |
| B. | SGST |
| C. | IGST |
| D. | CGST or SGST at the option of the supplier |
| Answer» B. SGST | |
| 799. |
The inputs in stock should be used or intended to be used for making: |
| A. | Taxable supplies |
| B. | Exempt supplies |
| C. | Either taxable or exempt supplies |
| D. | Both taxable and exempt supplies |
| Answer» B. Exempt supplies | |
| 800. |
For credit to be allowable, invoices should not be issued earlier than: |
| A. | Three months before the appointed day |
| B. | Six months before the appointed day |
| C. | Nine months before the appointed day |
| D. | Twelve months before the appointed day |
| Answer» E. | |