Compliance of GST under Banking sector-3

What is the due date for filing the GSTR-3B return for a registered banking company under the GST regime? 

• 11th of the next month 

• 20th of the next month 

• 31st December of the next financial year 

• 13th of the next month

What is the effective date of registration for a person who submits their registration application within thirty days from the date they become liable to register under GST? 

• Date of grant of registration 

• Date of order of registration 

• Date of becoming liable for registration 

• Last day of the financial year

Which category of persons is required to register under GST irrespective of the threshold limit? 

• Persons engaged exclusively in the supply of exempted goods or services 

• Persons whose aggregate turnover exceeds Rs. 20 lakhs 

• Persons who are required to pay tax under reverse charge 

• All of the above

Under GST regulations, when should an insurer or banking company issue a tax invoice for the supply of services made ? 

• Within 30 days from the date of supply 

• Within 10 days from the date of supply 

• Within 45 days from the date of supply 

• Within 20 days from the date of supply

What is the penalty for failing to rectify a defective Information Return (IR) within the prescribed time under the CGST Act? 

• Rs. 10,000 

• Rs. 5,000 

• Rs. 1,000 

• Rs. 100 per day subject to a maximum of Rs. 5,000