GST Basics & Returns Quiz

What is the first step in the GST registration process?

• Submit physical documents

• Visit the GST portal

• Pay the registration fee online

• Contact a tax consultant

How often should GST returns be filed by regular taxpayers?

• Quarterly

• Bi-Weekly

• Yearly

• Monthly

What are the different methods available for making GST payments?

• Bitcoin payment through online wallets

• Cheque payment at post offices

• Online payment through GST portal, over the counter payment at authorized banks, NEFT/RTGS

• Cash payment at grocery stores

When is the due date for filing GSTR-1 for a particular tax period?

• 11th of the succeeding month

• 15th of the succeeding month

• Last day of the month

• 5th of the succeeding month

Under what conditions can a taxpayer claim Input Tax Credit?

• A taxpayer can claim Input Tax Credit without a valid tax invoice

• A taxpayer can claim Input Tax Credit without being registered under GST

• A taxpayer can claim Input Tax Credit even if the supplier has not paid the GST to the government

• A taxpayer can claim Input Tax Credit when registered under GST, possesses a valid tax invoice, uses goods/services for business purposes, and the supplier has paid the GST to the government.

What documents are required for GST registration?

• Proof of residence proof, business license, tax returns of the previous year

• Proof of business registration, identity and address proof of the primary authorized signatory, photographs of the primary authorized signatory, business address proof, bank account proof, authorization form

What is the penalty for late filing of GST returns?

• Rs. 300 per day of delay

• Rs. 50 per day of delay

• Rs. 200 per day of delay

• Rs. 100 per day of delay

What is the Place of Supply in case of goods imported into India?

• Location of the manufacturer

• Location of the customs office

• Location of the importer

• Location of the shipping company

What is the due date for filing GSTR-3B for a particular tax period?

• 25th of the following month

• 20th of the following month

• 30th of the following month

• 15th of the following month

How can a taxpayer verify the status of their GST registration application?

• Send an email to the tax department requesting the status

• Log into the GST portal and check the application status under the 'Track Application Status' section.

• Call a random phone number to inquire about the application status

• Check the status on a social media platform