Tax Invoice, Debit & Credit Note & E-Way Bill

Q1. Can credit notes/debit notes be raised without raising an appropriate tax invoice?

• True

• False

Q2. Is it mandatory to show the details of credit/debit notes in the periodic returns?

• Yes

• No

Q3. What is the last date by which you need to issue credit note?

• On or before September 30, following the end of financial year.

• The date of Filing of GSTR-1

• Earlier of the two dates mentioned in (a) and (b) above.

• None of the above

Q4. What are the benefits of using Dynamic QR code?

• Improved tax compliance by providing accurate and real-time information about B2B transactions.

• Reducing efficiency by increasing the need for manual data entry and verification.

• Both a and b

• None of the Above

Q5. Penalty for non-generation of QR CODE.

• 25000

• 50000

• 75000

• 100000

Q 6 Who has to issue a bill of supply instead of tax invoice

• Registered person supplying exempted goods or services

• Registered person paying tax under composition levy

• A and B

• None of the above

Ques 7  What is the criteria of Aggregate turnover for e-invoicing from 1^st August,2023

• 50 CR

• 5 CR

• 10 CR

• 15 CR

Ques 8    ABC LTD has 6 CR Turnover in the preceding FY. How many digits of HSN Code are required to be mention for B2C supply.

• 8 digits

• 6 digits

• 4 digits

• 5 digits

Ques 9   What is the time limit for issuing invoice in case of sale or return basis

• Before / at the time of supply

• 6 months from the date of removal

• Earlier of A and B

• None of the above

Ques 10  What is the minimum consignment value for preparation of e-way bill 

• 5000

• 50000

• 10000

• 100000