Budgeted direct labour hours are mul- tiplied to direct labour cost rate to cal- culate
A. expected total direct labour cost B. budgeted total direct labour cost C. budgeted total indirect labour cost D. expected labour hours
A. expected total direct labour cost B. budgeted total direct labour cost C. budgeted total indirect labour cost D. expected labour hours
Anonymous Quiz
22%
A
53%
B
17%
C
9%
D
Gross margin percentage in con- stant gross-margin percentage NRV method is based on
A. total labour costs
B. total production C. total revenues D. total costs
A. total labour costs
B. total production C. total revenues D. total costs
Anonymous Quiz
16%
A
38%
B
33%
C
13%
D
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What does “I” stand for IGST or CT for CGST or Stand for SGST ?
(a) International , Central, State (b) Integrated, Central, State (c) Integral , Central, State
(d) Intra, Central, State
(a) International , Central, State (b) Integrated, Central, State (c) Integral , Central, State
(d) Intra, Central, State
Anonymous Quiz
24%
a
56%
b
11%
c
9%
d
The items which will be taxable both under current Central Excise Law and GST even after the implementation of the GST Act.
(a) Motor Spirit
(b) Alcoholic Liquor for Human Consumption (c) Tobacco and Tobacco Products (d) Natural Gas
(a) Motor Spirit
(b) Alcoholic Liquor for Human Consumption (c) Tobacco and Tobacco Products (d) Natural Gas
Anonymous Quiz
18%
a
35%
b
29%
c
17%
d
Who will legislate GST law?
(a) State Legislature
(b) Parliament (c) Both (d) Depends upon nature of supply
(a) State Legislature
(b) Parliament (c) Both (d) Depends upon nature of supply
Anonymous Quiz
14%
a
25%
b
47%
c
14%
d
GoodsunderCGSTActexcludes:
a. Securities
b. Unsecured debts c. Right to participate in the draw to be held in a lottery d. Growing crops.
a. Securities
b. Unsecured debts c. Right to participate in the draw to be held in a lottery d. Growing crops.
Anonymous Quiz
23%
a
13%
b
31%
c
34%
d
Meaning of “family” does not include:
a. spouse
b. Children c.independentparents d. dependent grand-parents
a. spouse
b. Children c.independentparents d. dependent grand-parents
Anonymous Quiz
17%
a
9%
b
54%
c
20%
d
When is the person eligible to claim the tax in case of
RCM?
a. Same month b. Next month c. Any of the two months d. In any month of the year
RCM?
a. Same month b. Next month c. Any of the two months d. In any month of the year
Anonymous Quiz
22%
a
27%
b
27%
c
24%
d
ABC National Bank appointed Mr. A, a recovery agent in order to recover the amount paid to a defaulter Mr. B. who shall pay the tax in this supply?
a. ABC National Bank
b.Mr.A c.Mr.B d. None of them
a. ABC National Bank
b.Mr.A c.Mr.B d. None of them
Anonymous Quiz
43%
a
25%
b
25%
c
7%
d
The total composition rate of tax for manufacturers under composition scheme is:
a. 0.5% of turnover
b. 5% of turnover c. 1% of turnover d. 2.5% of turnover
a. 0.5% of turnover
b. 5% of turnover c. 1% of turnover d. 2.5% of turnover
Anonymous Quiz
27%
a
31%
b
28%
c
14%
d
A person who has opted for composition levy is required to file quarterly return in Form GSTR-4 on or before:
Anonymous Quiz
24%
18th day of the succeeding the quarter
28%
20th day of the succeeding the quarter
23%
25th day of the succeeding the quarter
25%
30th day of the succeeding the quarter
Mr. A is a manufacturer of ice cream. If all other conditions satisfies, the total effective composition tax rate will be:
a.1%
b. 5% c. 2% d. Not eligible for composition scheme.
a.1%
b. 5% c. 2% d. Not eligible for composition scheme.
Anonymous Quiz
28%
a
31%
b
18%
c
23%
d
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