Mr. Deepak has been registered as composition dealer in State of Haryana since 15th April 2020, when he
got registered under GST law. On 18th July 2020, he imported services from California for which he paid Rs.
5,00,000 as consideration:-
got registered under GST law. On 18th July 2020, he imported services from California for which he paid Rs.
5,00,000 as consideration:-
Anonymous Quiz
31%
Mr. Deepak is ineligible for composition scheme since he made Inter-State procurement of services
15%
Mr. Deepak is eligible for composition scheme and he has to pay tax @1% under reverse charge
33%
Mr. Deepak is eligible for composition scheme but he will have to pay tax @18% under reverse charge
22%
Mr. Deepak is eligible for compositions scheme. Further, reverse charge will not apply in his case
Everyday i wl b posting MCQ questions like this in group. Try and participate in this quiz. M sure you wl benefit from this quiz sessions
I agree that 2nd question was a bit tricky because some of u might have got confused whether tax was recovered in malafide case (sec 74) or bonafide case (sec 73)
But 1st question was quite easy for anyone with conceptual clarity.
21 hour k marathon aur 7 mock test lene k baad aise Besti mat karwaao yar 😂😂
But 1st question was quite easy for anyone with conceptual clarity.
21 hour k marathon aur 7 mock test lene k baad aise Besti mat karwaao yar 😂😂
Advance Traders wants to utilize the amount paid erroneously in the minor head penalty
of the major head IGST against its tax liability to be discharged in cash. Please select
the correct option:
of the major head IGST against its tax liability to be discharged in cash. Please select
the correct option:
Anonymous Quiz
14%
The amount can be utilized only for discharging penalty amount under any head.
26%
The amount can be utilized only for discharging liability of IGST under any minor head.
35%
The amount can be utilized for discharging liability under any minor head or major head.
25%
The amount can be utilized only for discharging penalty amount related to IGST
Ye waaale question me to majority right answers chahiye bhai...!!!
In next few days we shall be uploading Revision lectures of Accounts (Group-1) on youtube channel..Hope you all will benefit from them
4 Revision lectures of Accounts have been uploaded till now...Make use of them to have a quick summary of the chapter while revising...All the Best
Hi all m posting 5 MCQs of GST as a poll. Make sure you answer them carefully by reading them atleast twice before u give the answer
Which of the following is not a supply under the CGST Act, 2017
Anonymous Quiz
13%
Food supplied free of cost by Mr. A to his agent for further supply to customer at Rs.500/.
26%
Importation of accounting services free of cost from a dependent father residing in US.
50%
A Rolex watch gifted to an employee for Rs. 50,000/.
11%
A machinery given free of cost to an employee on which input tax credit was availed by the employer.