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.
Which of the following is liable for registration
Anonymous Quiz
14%
Delhi
6%
Assam
48%
Both States
33%
Registration not required at all
Mr. R is an author of a popular novel. He has permitted X Ltd. (a publishing house company) to use
copyrights of his novel for the purpose of sale within India, for which he will be paid royalty of Rs. 1,50,00,000
per annum.
copyrights of his novel for the purpose of sale within India, for which he will be paid royalty of Rs. 1,50,00,000
per annum.
Anonymous Quiz
8%
The given service are exempt from tax
15%
His services are taxable. It is mandatory for Mr. R to pay GST on Rs. 1,50,00,000 forward charge
30%
His services are taxable, however, X Ltd. has to mandatorily pay tax under reverse charge
47%
Services r taxable. Optional for R to pay tax under forward charge or X Ltd. to pay tax under RCM