HELLO GST

HSN CODES STANDS FOR

• Home Shopping Network

• Harmonised System of Nomenclature

• Harmonised System Number

• Home State Number

Place of supply in case of installation of elevator is

• Where the movement of elevator commences from the supplier’s place.

• Where the delivery of elevator is taken.

• Where the installation of elevator is made.

• Where address of the recipient is mentioned in the invoice.

What is location of supply in case of importation of goods ?

• Customs port where the goods are cleared

• Location of the importer

• Place where the goods are delivered after clearance from customs port

• Owner of the goods

For an E commerce operator registration threshold limit is ?

• 20 Lacs

• 40 Lacs

• 75 Lacs

• None of the above

Banking Company and Financial Institutionhave an option of claiming ITC

• Actual Credit or 50% credit

• Only 50% Credit

• Only actual credit

• Actual credit and 50% credit

The books and other records U/s 35 are to be maintained at

• Place where the books and accounts are maintained

• Place of address of the Proprietor/ Partner/Director/Principal Officer

• Principal place of business mentioned in the Certificate of Registration

  D.

• Any of the above

The time limit beyond which if goods are not returned, the input sent for job work shall be treated as supply

• One year

• Three years

• Six months

• Three month

In case of goods sent on sale of approval basis, invoice has to be issued:

• while sending the goods; another Invoice has to be issued by the recipient while rejecting the goods;

• while sending the goods but the recipient can take credit only when the goods are accepted by him;

• when the recipient accepts the goods or six months from the date of supply whichever is earlier.

• when the recipient accepts the goods or three months from the date of supply whichever is earlier.

The tourist can claim refund of following taxes paid:

• CGST and SGST/UTGST on supply of Goods and services

• IGST on supply of goods consumed in Jammu & Kashmir

• Tax paid on the supply of scotch to be taken out of India

• None of the above

In India, the GST is a dual model of

• UK

• Canada

• China

• USA