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Chettinad- GST Training V2

Authored by Shreyas Vidyalaya

Professional Development

Professional Development

Used 5+ times

Chettinad- GST Training V2
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50 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following Statements is true?

ITC of CGST is first utilized for payment of CGST and the balance is utilized for payment of SGST/UTGST

ITC of SGST is first utilized for payment of SGST and the balance is utilized for

payment of CGST

ITC of CGST is first utilized for payment of CGST and the balance is utilized for

payment of IGST

None of the Above

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Interest is payable on: -

Belated payment of tax

Wrong availment of input tax credit

Wrong availment and utilization of input tax credit

Both (a) and (c)

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Interest is calculated: -

From the date following the day on which tax becomes due to be paid

Last day such tax was due to be paid

No periods specified

None of the above

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The deduction of tax by the Deductor under Section 51 of CGST Act is at the rate of:

2%

3%

1%

None of the above.

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The amount of tax deducted by the deductor has to be paid to the credit of the appropriate

Government within ………… days after the end of the month in which such deduction is made:

20 days

10 days

15 days

5 days

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Tax deduction shall be made if -

A contract is for an amount exceeds Rs. 25 lakh

A supplier supplies goods or services or both exceeding Rs. 2.5 lakh under a contract

A recipient receives goods or services or both exceeding Rs. 2.5 lakh in a year from

various contractors

None of the above

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Tax is to be collected by the E-commerce operator under the CGST Act at the rate of:

1%

2%

0.5%

A percentage not exceeding 1%.

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