Question 1

In case an operator fails to furnish the information required by the notice served to him U/s 52(2) within 15 days of date of service, he will be liable to pay penalty of maximum__________________

Accepted Answer

The maximum penalty for failing to furnish the required information under Section 52(2) within 15 days is Rs. 25,000.

Question 2

In a case where passenger transportation service is provided to an unregistered person, place of supply will be_________

Accepted Answer

B

Question 3

TDS certificate is to be issued by deductor in form_________________

Accepted Answer

The TDS certificate is to be issued by the deductor in Form GSTR-7A.

Question 4

Every registered person required to deduct tax at source shall furnish a return in Form_____________________

Accepted Answer

The correct form for a registered person required to deduct tax at source to furnish a return is GSTR-7.

Question 5

An operator can rectify any omission or incorrect particulars in furnishing the statement U/s 52(4) subject to payment of________________

Accepted Answer

An operator can rectify any omission or incorrect particulars in furnishing the statement U/s 52(4) subject to payment of penalty.

Question 6

Every electronic commerce operator required to collect tax at source has to furnish a statement in form___________________________

Accepted Answer

The answer of Every electronic commerce operator required to collect...

Question 7

Central & excise duty shall be levied in addition to GST on _________

Accepted Answer

The answer of Central & excise duty shall be levied...

Question 8

Where supply is received at place other than place of business, location of recipient of services is__________________

Accepted Answer

The location of the establishment most directly concerned with the receipt of services is considered the location of the recipient when supply is received at a place other than the place of business.

Question 9

M/s. ABC of Gujarat supplies goods to M/s. XYZ of Delhi, this will classify as

Accepted Answer

Since the supply of goods is from Gujarat to Delhi, it involves two different states. According to the GST laws in India, such a transaction is classified as an inter-state supply.

Question 10

Indirect Tax is a___________________________

Accepted Answer

The answer of Indirect Tax is a___________________________
...

Question 11

GST is charged on_________________ of goods or services

Accepted Answer

GST (Goods and Services Tax) is charged on the supply of goods or services, rather than on their manufacture, consumption, or demand.

Question 12

Supply of services Imported into the territory if India are treated as___________________________

Accepted Answer

Supply of services imported into the territory of India are treated as inter-state supply under the Integrated Goods and Services Tax (IGST) Act.

Question 13

Ms. Pooja supplied services to Ms. Smita on 5-7-2018.She raised an invoice on 20-6-2018 and recived the amount on 10-7-2018. The tax rate for these services was changed from 15% to 28% on 1-7-2018. The time of supply will be___________________________ and tax rate levied will be__________________

Accepted Answer

Time of supply is the date of issue of invoice. Since the invoice was raised on 20-6-2018, the time of supply is 20-6-2018. As per the GST law, the tax rate applicable is the rate prevailing on the date of supply. Therefore, the tax rate applicable is 28%.

Question 14

In example (8) above, if invoice is raised on 10-7-2018 and amount is received on 20-6-2018 everything else being same, time of supply will be ___________________________ and tax rate levied will be_________

Accepted Answer

The answer of In example (8) above, if invoice is...

Question 15

Where the location of the supplier and the place of supply are in two different States-

Accepted Answer

When the location of the supplier and the place of supply are in two different States, IGST (Integrated Goods and Services Tax) is applicable. This is because IGST is designed for inter-state transactions.

Question 16

Where location of the supplier and place of supply are in a State and a Union territory

Accepted Answer

The answer of Where location of the supplier and place...

Question 17

Place of supply of goods exported from India shall be

Accepted Answer

The place of supply for goods exported from India is considered to be the location outside India where the goods are being sent. This is because exports are meant to be supplied to a recipient located outside the territorial boundaries of India, making the destination of the goods the place of supply.

Question 18

The place of supply of telecommunication services shall be

Accepted Answer

The place of supply for telecommunication services is considered to be the location where the connection is installed. This is because telecommunication services are directly linked to a physical location where the service is actually used or consumed.

Question 19

Gifts not exceeding_________________in a year by an employer to employee shall not be treated as supply.

Accepted Answer

Gifts not exceeding Rs. 50,000 in a year by an employer to an employee shall not be treated as supply under GST regulations.

Question 20

Dealers whose annual turnover between Rs.1.5 crore and Rs. 5 crore need to use

Accepted Answer

Dealers with an annual turnover between Rs. 1.5 crore and Rs. 5 crore are required to use four-digit HSN codes for their products as per GST regulations.

Quiz 2: Goods and Services Tax GST and Indirect Taxes in India