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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.
| 951. |
Where the service of Notice or issuance of order is stayed by a court order, can the period of such stay be excluded in computing the period specified in sub-sections (2) and (10) of section 73 and section 74? |
| A. | Yes |
| B. | No |
| C. | At proper officer’s discretion |
| D. | None of the above |
| Answer» B. No | |
| 952. |
What is the maximum amount of demand for which the officer can issue an order under section 74 in case fraud, misstatement or suppression? |
| A. | Amount of tax + interest + penalty of 15% of tax |
| B. | Amount of tax + interest + penalty of 25% of tax |
| C. | Amount of tax + interest + penalty of 50% of tax |
| D. | Amount of tax + interest + penalty of 100% of tax |
| Answer» E. | |
| 953. |
What is the maximum amount of demand for which the officer can issue an order under section 73 in case of other than fraud, misstatement or suppression? |
| A. | Amount of tax + interest + penalty of 10% of tax |
| B. | Amount of tax + interest + penalty of 10% of tax or Rs.10,000/- whichever is higher |
| C. | Rs.10,000/- |
| D. | Amount of tax + interest + 25% penalty |
| Answer» C. Rs.10,000/- | |
| 954. |
What is the time limit for issue of order in case of other than fraud, misstatement or suppression? |
| A. | 30 months |
| B. | 18 months |
| C. | 5 years |
| D. | 3 years |
| Answer» E. | |
| 955. |
Is it obligatory on the part of the Department to take on record the assessee’s representation during adjudication and issue of order? |
| A. | Yes |
| B. | No |
| C. | At proper officer’s discretion |
| D. | If requested by notice |
| Answer» B. No | |
| 956. |
Every registered taxable person who is required to get his accounts audited under section 35(5) shall furnish electronically |
| A. | Annual return |
| B. | Audited copy of annual accounts |
| C. | Reconciliation statement reconciling the value of supplies declared in the return and the financial statement |
| D. | All of the above |
| Answer» E. | |
| 957. |
The annual return shall be filed by the registered taxable person (other than dealers paying tax under section 10) in form |
| A. | GSTR 7 |
| B. | GSTR 9 |
| C. | GSTR 9A |
| D. | GSTR 10 |
| Answer» C. GSTR 9A | |
| 958. |
The due date for furnishing the annual return for every financial year by every registered taxable person other than ISD, non-resident tax payer, a person paying tax under section 10, 51 or 52 and a casual taxable person is |
| A. | 30th of September following the end of the financial year |
| B. | 20th of October following the end of the financial year |
| C. | 31st of December following the end of the financial year |
| D. | 31st of May following the end of the financial year |
| Answer» D. 31st of May following the end of the financial year | |
| 959. |
The discrepancy pointed out in GST MIS 3 and GST MIS 4 with regard to excess reduction of output tax has not been rectified the by the supplier as well as the recipient. The excess reduction of output tax is |
| A. | Added to the output tax liability of the recipient |
| B. | Added to the output tax liability of the supplier |
| C. | Both (a) & (b) |
| D. | None of the above |
| Answer» C. Both (a) & (b) | |
| 960. |
Is there any time limit for issue of notice under section 76 in cases where tax collected but not paid? |
| A. | No time limit |
| B. | 1 year |
| C. | 3 years |
| D. | 5 years |
| Answer» B. 1 year | |
| 961. |
Any amount of tax collected shall be deposited to the credit of the Central or State Government: |
| A. | Only when the supplies are taxable |
| B. | Regardless of whether the supplies in respect of which such amount was collected are taxable or not |
| C. | Only when the supplies are not taxable |
| D. | None of the above |
| Answer» C. Only when the supplies are not taxable | |
| 962. |
Whether interest is payable on the tax short paid or not paid even if it is not specified in the order determining the tax liability? |
| A. | Yes |
| B. | No |
| C. | Only if concluded by an order later |
| D. | None of the above |
| Answer» B. No | |
| 963. |
What is the time limit for issue of order in pursuance of the direction of the Appellate Authority or Appellate Tribunal or a Court, from the date of communication of the said direction? |
| A. | 30 months |
| B. | 18 months |
| C. | 2 years |
| D. | 5 years |
| Answer» E. | |
| 964. |
Whether penalties under any other provisions of the Act be imposed in respect of adjudication proceedings under section 73 or 74? |
| A. | Yes |
| B. | No |
| C. | At proper officer’s discretion |
| D. | None of the above |
| Answer» C. At proper officer’s discretion | |
| 965. |
Whether the amount of tax, interest and penalty demanded in the order can exceed the amount specified in the Notice? |
| A. | Yes |
| B. | No |
| C. | At proper officer’s discretion |
| D. | None of the above |
| Answer» C. At proper officer’s discretion | |
| 966. |
If the reduction in output tax liability claimed by the supplier is more than the corresponding reduction in input tax credit declared by the recipient or if the recipient has not reduced the input tax liability, then |
| A. | The excess reduction claimed is added to the output tax liability of the recipient |
| B. | The discrepancy is communicated to both the supplier and receiver |
| C. | The excess reduction claimed is added to the output tax liability of the supplier |
| D. | The supplier is given an opportunity of being heard |
| Answer» C. The excess reduction claimed is added to the output tax liability of the supplier | |
| 967. |
What is the maximum number of times a hearing can be adjourned? |
| A. | 1 |
| B. | 3 |
| C. | 5 |
| D. | None of the above |
| Answer» C. 5 | |
| 968. |
The details of every credit note relating to outward supplies furnished by the registered taxable person shall be matched |
| A. | With corresponding reduction in claim for input tax credit by the corresponding taxable person in his valid return for the same tax period or any subsequent tax period. |
| B. | For duplication of claims for reduction in the output tax liability |
| C. | All of the above |
| D. | None of the above |
| Answer» D. None of the above | |
| 969. |
Intimation regarding appointment of liquidator should be given to the Commissioner within 30 days of |
| A. | Liquidation |
| B. | Cancellation of registration |
| C. | Appointment of Liquidator |
| D. | Order of Court |
| Answer» D. Order of Court | |
| 970. |
Commissioner will notify the amount of liability within how many days of intimation |
| A. | 3 months |
| B. | 30 days |
| C. | 60 days |
| D. | 6 months |
| Answer» B. 30 days | |
| 971. |
When two or more companies are amalgamated, the liability to pay tax on supplies between the effective date of amalgamation order and date of amalgamation order would be on - |
| A. | Transferee; |
| B. | Respective companies; |
| C. | Any one of the companies; |
| D. | None of the above. |
| Answer» E. | |
| 972. |
In case of amalgamation between two companies, such companies shall be treated as two distinct companies till – |
| A. | Till the date of the High Court order |
| B. | Till the effective date of merger |
| C. | Till the date of cancellation of registration |
| D. | None of the above |
| Answer» B. Till the effective date of merger | |
| 973. |
In case a particular word is not defined in the CGST Act, then it is possible to refer to: |
| A. | Companies Act, 1956 |
| B. | Companies Act, 2013 |
| C. | Companies Act, 1913 |
| D. | General Clauses Act, 1897 |
| Answer» C. Companies Act, 1913 | |
| 974. |
Who is liable to pay the tax in case of Principal and Agent? |
| A. | Principal |
| B. | Agent |
| C. | Both jointly and severally |
| D. | Jointly |
| Answer» D. Jointly | |
| 975. |
Who can issue fresh notice for enhanced demand by appeal, revision of application or other proceedings: |
| A. | Commissioner |
| B. | Assistant Commissioner |
| C. | Joint Commissioner |
| D. | Any of above |
| Answer» B. Assistant Commissioner | |
| 976. |
When Commissioner is not required to serve fresh notice to recover the Government dues? |
| A. | Demand amount is reduced |
| B. | Already proceedings of recovery of Government dues is served before disposal of appeal, revision of application or other proceedings |
| C. | Demand amount is enhanced |
| D. | Both (a) and (b) |
| Answer» E. | |
| 977. |
When Commissioner can issue a fresh notice to recover the Government dues? |
| A. | Demand amount is enhanced |
| B. | Demand amount is reduced |
| C. | Both (a) and (b) |
| D. | None of the above |
| Answer» B. Demand amount is reduced | |
| 978. |
Provisional attachment can be done under section 83: |
| A. | Before completion of proceedings |
| B. | After completion of proceedings |
| C. | After 3 attempts to recover dues |
| D. | Only if there is risk of delinquency in payment of dues |
| Answer» B. After completion of proceedings | |
| 979. |
In case of business carried on by minor or other incapacitated person through Guardian/ Agent who is liable to pay tax? |
| A. | Guardian |
| B. | Friend |
| C. | Business Partner |
| D. | None |
| Answer» B. Friend | |
| 980. |
If the intimation is delayed to the Commissioner, then the retiring partner is liable to pay tax dues till: |
| A. | The date of intimation to the Commissioner |
| B. | Till the date of acceptance of intimation by the Department |
| C. | Till the date of retirement |
| D. | Till the date of show cause notice |
| Answer» B. Till the date of acceptance of intimation by the Department | |
| 981. |
Intimation to the Commissioner has to be given within………… |
| A. | 1 month |
| B. | 60 days |
| C. | 90 days |
| D. | 45 days |
| Answer» B. 60 days | |
| 982. |
Retiring partner should intimate the retirement to |
| A. | Department |
| B. | Government |
| C. | Commissioner |
| D. | All of the above |
| Answer» D. All of the above | |
| 983. |
When shall the Director of a private limited company be not liable to pay the tax dues if the company is not able to pay |
| A. | In all cases |
| B. | Company refuses to pay |
| C. | If the non-recovery is not due to gross neglect misfeasance or breach of duty of the Director |
| D. | None of the above |
| Answer» D. None of the above | |
| 984. |
When shall the Director be not liable to pay the tax dues if the company is not able to pay |
| A. | Liquidator refuses to pay |
| B. | Auditor refuses to pay |
| C. | If the non-recovery is not due to gross neglect of the Director |
| D. | None of the above |
| Answer» D. None of the above | |
| 985. |
Till what period does the order passed for provisional attachment is valid? |
| A. | Infinite period |
| B. | Ten years |
| C. | One year |
| D. | Till the end of such proceedings |
| Answer» D. Till the end of such proceedings | |
| 986. |
Who is competent authority for passing an order for provisional attachment? |
| A. | The Deputy Commissioner |
| B. | The Commissioner |
| C. | The GST Council |
| D. | The Assistant Commissioner |
| Answer» C. The GST Council | |
| 987. |
Whether property of a taxable person be provisionally attached to protect the revenue? |
| A. | Yes |
| B. | No |
| C. | Cannot be done |
| D. | None of the above |
| Answer» B. No | |
| 988. |
Whether any amount payable under this Act by the taxable person is a first charge on his property? |
| A. | Yes |
| B. | No |
| C. | Cannot be done |
| D. | None of the above |
| Answer» B. No | |
| 989. |
The Court of Wards, Administrative General, etc., must be appointed by |
| A. | Supreme Court |
| B. | High Court |
| C. | Any court |
| D. | None of the above |
| Answer» D. None of the above | |
| 990. |
If the estate or any portion of the estate of a taxable person is under the control of the Court of Wards, Administrative General etc., the tax due from such taxable person is liable to be paid by - |
| A. | Court of Wards. Liability to pay in certain cases |
| B. | Taxable Person |
| C. | Legal representative of taxable person |
| D. | None of the above |
| Answer» B. Taxable Person | |
| 991. |
What liabilities can be recovered under this section? |
| A. | Tax |
| B. | Interest |
| C. | Penalty |
| D. | All of the above |
| Answer» E. | |
| 992. |
When transfer of property would be considered void? |
| A. | Transaction is done for adequate consideration and without the notice of the pendency of proceedings under the Act |
| B. | Transaction is done without the notice of such tax or other sum payable |
| C. | With previous permission of the proper officer |
| D. | All of the above |
| Answer» E. | |
| 993. |
Which of the following acts by a person are treated as void when it is done after any amount has become due from him? |
| A. | Creates charge on property |
| B. | Parts with the property belonging to him |
| C. | Parts with the property in his possession |
| D. | All of the above |
| Answer» E. | |
| 994. |
What all modes of transfers covered under section 81 |
| A. | Sale |
| B. | Mortgage |
| C. | Any other mode of transfer |
| D. | All of the above |
| Answer» E. | |
| 995. |
Which officer/s has the power to grant permission for payment of tax through installment? |
| A. | Commissioner |
| B. | Chief Commissioner |
| C. | Assistant Commissioner |
| D. | Both (a) and (b) |
| Answer» E. | |
| 996. |
The Appellant Authority for Advance Ruling shall comprise of |
| A. | Chief Commissioner of Central tax as designated by the board |
| B. | Commissioner of State tax or union Territory tax, as the case may be, having jurisdiction over the applicant |
| C. | (a) & (b) |
| D. | (a) or (b) |
| Answer» D. (a) or (b) | |
| 997. |
The Advance Ruling Authority shall comprise of |
| A. | One member from amongst the officers of Central tax. |
| B. | One member from amongst the officers of State tax or Union Territory tax as the case may be. |
| C. | (a) & (b) |
| D. | None of the above |
| Answer» D. None of the above | |
| 998. |
Where shall the Advance Ruling Authority be located? |
| A. | The Authority shall be located in each state / Union Territory. |
| B. | The Authority shall be located in Centre. |
| C. | The Authority shall be located in both Centre & State. |
| D. | None of the above |
| Answer» B. The Authority shall be located in Centre. | |
| 999. |
What is the meaning of applicant? |
| A. | Person registered under the Act. |
| B. | Person desirous of obtaining registration under the Act. |
| C. | Tourist as defined under section 15 of IGST Act, 2017. |
| D. | (a) or (b). |
| Answer» E. | |
| 1000. |
In case of discontinuance of the AOP, the liability of the member exists in respect of the tax dues imposed ________ |
| A. | Prior to the date of discontinuance |
| B. | After the date of discontinuance |
| C. | Both prior and after the date of discontinuance |
| D. | None of the above |
| Answer» D. None of the above | |