Under composition scheme CGST rate applicable to manufacturer is:
Anonymous Quiz
40%
1% of the Turnover in State or Union Territory
20%
0.5% of the Turnover in State or Union Territory
26%
0.5% of the Turnover of taxable supply of goods or service in State or Union Territory
14%
2.50% of the Turnover in State or Union Territory
π2
Under composition scheme total tax rate applicable to Restaurant & Catering Service provider is:
Anonymous Quiz
15%
1% of the Turnover in State or Union Territory
21%
0.5% of the Turnover in State or Union Territory
17%
2.50% of the Turnover in State or Union Territory
47%
5% (i.e.2.50% CGST + 2.50% SGST) of the Turnover in State or Union Territory
π1
As per section 54 of the CGST Act, 2017, any person claiming refund of any tax, interest, if any, paid on such tax or any other amount paid by him, may make an application before the expiry of _________ from the βrelevant dateβ.
Anonymous Quiz
24%
2 years
25%
3 years
14%
4 years
37%
18 months
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?
Anonymous Quiz
19%
Within September 30 of following year
20%
Filing the annual return for the period
50%
Option (a) or (b), whichever is earlier
11%
No time limit prescribed to claim such ITC
Mr. Ahlawat was liable to pay GST of Rs. 10,000 on 20.8.2018 but he failed to pay. Later he decided to pay tax on 26.10.2018. What would be the period for which interest has to be paid by him?
Anonymous Quiz
33%
66 days
31%
67 days
22%
68 days
14%
70 days
If the members of Appellate Authority differ on any point or points referred to in appeal, then it shall be deemed that ___________
Anonymous Quiz
34%
No Advance Ruling can be issued in respect of the questions covered under the appeal
18%
Such application for ruling is withdrawn
28%
Advance ruling is filed before the court
20%
Advance ruling is passed for whatever is beneficial to the applicant
Q: New Ltd is a listed company incorporated on 10/1/2022. It does not have a woman director. Can it function as such or is it a contravention of law?
Anonymous Quiz
16%
It does not require a Woman Director.
48%
It requires a Woman Director right from the incorporation as it's a Listed Company.
15%
Lack of information to answer this accurately
21%
It can function without a WD till 9th July. Then it would require a WD.
Forwarded from CA Divyesh Vaghela
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Forwarded from Mission CA Final MCQs π
17. What is the validity of the registration certificate granted under GST for a normal tax payer?
Anonymous Quiz
6%
(a) One year
5%
(b) Two years
80%
(c) Valid till it is cancelled
9%
(d) Five years.
Forwarded from Mission CA Final MCQs π
23. If the goods are received in lots/instalment, ..............
Anonymous Quiz
6%
(a) 50% ITC can be taken on receipt of 1st lot and balance 50% on receipt of last lot.
78%
(b) ITC can be availed upon receipt of last lot.
5%
(c) 100% ITC can be taken on receipt of 1st lot.
11%
(d) Proportionate ITC can be availed on receipt of each lot/instalment.
π1
Forwarded from Mission CA Final MCQs π
24. A supplier takes deduction of depreciation on the GST component of the cost of capital goods as per Income- tax Act, 1961. The supplier can-
Anonymous Quiz
6%
(a) avail only 50% of the said tax component as ITC
86%
(b) not avail ITC on the said tax component
7%
(c) avail 100% ITC of the said tax component
2%
(d) avail only 25% of the said tax component as ITC
Forwarded from Mission CA Final MCQs π
What will be the rate of tax and nature of supply of a service if the same is not determinable at the time of receipt of advance?
Anonymous Quiz
9%
12%, inter-State supply
6%
12%, intra-State supply
76%
18%, inter-State supply
9%
18%, intra-State supply
π1
Forwarded from Mission CA Final MCQs π
Mohandas has supplied goods to Karamchand, under his own invoice, on behalf of his principal Krishnadev. Which of the following statements is correct?
Anonymous Quiz
42%
Mohandas shall be jointly and severally liable to pay the GST payable on such goods
19%
Krishnadev shall be jointly and severally liable to pay the GST payable on such goods
30%
Both (a) and (b)
10%
Neither (a) nor (b)
Forwarded from Mission CA Final MCQs π
49.) . Input tax credit is _______ on supply of membership of a club, health and fitness
centre
centre
Anonymous Quiz
78%
not availeble
15%
100% availeble
5%
partially availeble
2%
none of above
Forwarded from Mission CA Final MCQs π
46.) Which of the following will be excluded from the computation of "aggregate turnover"?
Anonymous Quiz
3%
Value of Taxable supplies
5%
Value of Exempt Supplies
8%
Non-taxable supplies
84%
Value of inward supplies on which tax is paid on reverse charge basis
Forwarded from Mission CA Final MCQs π
50.) ITC will be provided only when goods are actually received, but under _______ this
condition is exempted
condition is exempted
Anonymous Quiz
70%
Job Work
5%
mixed supply
9%
composite supply
16%
none of above
Forwarded from Mission CA Final MCQs π
π― IMP MCQ on May 23 Amendment
Services provided by the cord blood banks by way of preservation of stem cells or any other service in relation to such preservation is ________
Services provided by the cord blood banks by way of preservation of stem cells or any other service in relation to such preservation is ________
Anonymous Quiz
53%
Taxable
47%
Exempt
π3β€1π1
Forwarded from Mission CA Final MCQs π
π― IMP MCQ on May 23 Amendment
Services by way of granting National Permit to a goods carriage to operate through-out India/ contiguous States is ______
Services by way of granting National Permit to a goods carriage to operate through-out India/ contiguous States is ______
Anonymous Quiz
58%
Taxable
42%
Exempt