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WorksheetsGST REGISTRATION COMPOSITING SCHEME & TAX INVOICE, CR & DR RETUR
Total questions: 120
Worksheet time: 4hrs 0mins
_____ means aggregate value of all taxable supplies, exempt supplies, export of goods or services or both and inter-state supplies.
Aggregate Turnover
Casual taxable person
non-resident taxable person
None of the above
A supplier is liable to be registered under GST Act in the state or union territory other than special states, where he makes a taxable supply of goods exclusively, if the aggregate turnover exceeds ______.
Rs.40,00,000
Rs.20,00,000
Rs.10,00,000
Rs.40,20,000
A supplier supplying goods or services or both from more than one state will have to take _____ registration in every state.
Separate
not liable
transferee
None of the above
In case of transfer of business _____ has to obtain a fresh registration.
reverse charge
transferee
Casual taxable person
None of the above
Any person, engaged exclusively in the business of supplying goods or services or both that are not liable to tax or wholly exempt from tax, is _____ for registration.
Casual taxable person
not liable
business
None of the above
_____ means an individual or a Hindu Undivided Family who undertakes cultivation of land.
business
Agriculturist
reverse charge
None of the above
An agriculturist is not liable to obtain registration under the GST Act to the extent of supply of produce out of _____.
business residence in India
Cultivation of land
non-resident taxable person
None of the above
Casual Taxable person has to submit application for registration in form _____.
GST REG-01
GST REG-03
GST REG-30
GST REG-05
Non-resident taxable person can claim input tax credit in respect of _____.
Grant of registration
Import of goods and / or services
non-resident taxable person
None of the above
Every person who is liable to be registered under GST Law shall apply for registration within _____ from the date on which he becomes liable to registration.
20 days
30 days
31 days
10 days
who fo the following is required to register under GST irrespective of limit
ISD
Non -resident tax payer
interstate sales
all of above
Which of the following document is not mandatory for GST registration of sole proprietor
PAN card
Aadhar card
Photograph
Electricity bill
Which of teh following is additional document required in case of GST registration of a HUF as compare to individual
PAN card of Karta
Aadhar card of Karta
PAN card of HUF
Rent agreement copy
Tenure of casual taxable individual GST registration is ....months
2 months
6 months
3 months
4 months
Composition scheme by a business of goods in normal states can be adopted with an annual turnover of
Rs. 1.5 crore
Rs. 1 crore
Rs. 70 lacs
Rs. 50 lacs
under composition scheme for a sale of Rs. 100 on which Rs. 1 composition tax is paid, how much revenue is shown in PL
Rs. 100
Rs.101
Rs. 99
None of above
General limit of turnover above which GST registration is required is
Rs.20 lacs
Rs.40 lacs
Rs. 15 lacs
Rs. 30 lacs
Unique registration number of GST is of
15 digit
20 digit
14 digit
10 digit
Penalty for non-registration of GST is
Rs. 10000
amount of tax not paid
Rs. 10000 or tax not paid whichever is higher
none of above
Registration types are used to....
Get a Reliance JIO sim
Set different pricing
Set different usernames
setting different planner emails
Contact types can be created under
Admin only
Admin, Event and contacts
Admin & Event only
Event only
I will get a default fee
If I own a porsche
My registration type is not identified by the system
I own the planners company
Am using source ID instead of email address
In an event how many registration types can be added
50
99
199
∞
Registration types can be assigned prior to sending an invitation, this process is called
Honor coding
Software Coding
Pre Coding
Post Coding
In an event, you cannot remove registration types once someone has registered for it
True
False
In an event if you are using pre coding you should also use Honor coding just to be sure people get the right registration type
True
False
In an event, registration type decides
Pricing and Emails
Pricing, Registration Path, Items
Pricing, Registration Path, Items, Website Pages
Price Only
In an event, I can limit registrations by
IP address, domain, and Geographic location
IP Address, Mobile phone
IP Address, Mobile phone and email domain
IP address, and Email Domains
You want to slap Shiv but cant because
He is to Tall
He is very fat and slap will bounce and hit me back
We love him
Want the next salary
I can delete Registration types from the event
Yes
No
Only if no one is registered with that registration type
Address book precoding is helpful when
The contact type will change for every event
The registrant will choose their own reg type
The contact type remains same for every event
In order to limit item visibility
Contact type from the address book record is validated using
First and Last Name
First name and Email address
Email address
Last name and email address
Registration types can be added to the drop down on the identity confirmation page from?
Event Details > Registration Types
Event Details > Event Configuration
Website & Registration > Reg Settings > Id and Security
Website & Registration > Event Website
If the system is unable to identify the registration type for a registrant
It will not allow the person to register
It will route the registrant to another event
It will let the person register but without a reg type
I dont know
Contact types can be updated on the contact records, in bulk
Yes
No, has to be done 1 at a time
If I do not want Speakers to not pay in my event I should..
Not create any fees for them
Dont allow speakers to register on their own
Add a $0 fee for them
Use early bird pricing
If a registration type is not associated to a fee, the registrant will
Register for free
Register with a pending balance
Register with the default fee
be stopped on the payment page
Which of the following is not a pre coding type
Address Book
Invitation list
Custom process
An e-Invoice can be cancelled within
48 Hours
24 Hours
72 Hours
It cannot be cancelled
What is e-Invoice?
Generating invoices from online portal
Generating invoices from software and e-invoice from portal
Generating invoices from portal and syncing e-invoice in ERP system
None of the above
Which one is not the purpose of e-invoicing?
Getting real time data entries
lessen the scope of manipulation
Updating GSTR 1 and GSTR 2A/2B as per e-invoice details
manipulation of data
What is date of applicability for the entities having turnover greater than 100Cr.
1-Jan-2020
1-Oct-2020
1-Apr-2021
None of the above
Which one is exempted from e-invoicing?
Trading business
Manufacturing business
Service business
Insurance business
Which document is not required to be uploaded on e-invoice portal?
B2C Invoice
B2B Invoice
Debit Note
Credit Note
What is the role of IRP?
Accept e-invoice document uploaded by tax payer
Validate the document as per e-invoice schema
Generate a unique Invoice reference number and QR Code
All of the above
IRN is a ______________ characters reference number.
32
64
100
12
In TallyPrime, e-Invoice and e-Waybill can be generated automatically within product.
Yes
No
You generated an e-Invoice in product later you came to know that there is an error in e-invoice.
You can modify the details of e-invoice within 24 hours
You can modify the details of e-invoice within 48 hours
You can modify the details of e-invoice within 72 hours
e-Invoice can not be modified
An e-Invoice can be partially cancelled?
Yes
No
An ERP software cannot access the e-Invoice portal directly, they can access the portal with the help of ____________ .
ISP
ASP
GSP
TPS
What is the full form of GSP?
GST Suvidha Provider
GST Solution Provider
GST Service Provider
None of the above
How e-Invoice can be enabled in TallyPrime?
Gateway of Tally -> F12
Gateway of Tally -> Voucher -> F12
Gateway of Tally -> F11
None of the above
Single or Bulk upload of e-Invoices is possible in TallyPrime.
Yes
No
How to upload bulk invoices for the generation of e-Invoices?
Gateway of Tally -> Exchange -> Send for e-Invoicing
Gateway of Tally -> Import -> Send for e-Invoicing
Gateway of Tally -> Data -> Send for e-Invoicing
Gateway of Tally -> Export -> Send for e-Invoicing
What is the full form of IRN?
Information reference number
Information request number
Invoice request number
Invoice reference number
In the given image, what is number of e-invoices generated automatically from portal?
1
2
4
No e-invoice have been generated yet
Which voucher can not be used for e-Invoice generation?
Sales
Contra
Journal
Debit Note
Is it mandatory to print QR Code and IRN on B2B invoices generated after 1-Jan-20?
Yes
No
When was GST(Goods & Service Tax) implemented in India?
1st July 2017
2nd Aug 2018
1st May 2019
1st April 2017
What are the taxes charged/ levied on Intra-state supply? (within state)
CGST
CGST & SGST
IGST
SGST
GST is a_______ based tax on consumption of goods & services.
Destination-based
Dividend-based
Duration- based
Durable-based
Star company is selling exempted goods to Mark company, which type of invoice have to issued by star company for "Exempted goods"?
Tax invoice
Proforma Invoice
Bill Invoice
Bill of Supply
Mr. Raj owner of Innovative company is a composition dealer so which are GST return to be filed by him?
GST CMP-08 & GSTR4 Annual Return
GSTR-3B
GSTR-1
GSTR-A
Tick the right GSTIN format for Star Company which is located in Karnataka
37AAACS1234A1Z5
29AAACS1234A1Z5
29AAA1234FTA1Z5
242ACS1234AJ1Z5
From 1st April 2021, how many HSN code digits have to be entered in your Invoice, if your turnover is :
a) Upto Rs. 5 Crores ____?
b) More than Rs. 5 Crores______?
1 & 3 digits
2 & 3 digits
4 & 6 Digits
5 & 8 Digits
When is the last date to file monthly GSTR-3B for a regular dealer?
20th of following month
10th of following month
12th of following month
15th of following month
How much GST tax is to be paid by composition dealer while filing, if he is a trader/ manufacturer?
5%
10%
18%
1%
When goods are returned (Sales Return) which voucher has to be recorded in Tally prime along with GST?
Credit Note
Debit note
Receipt Note
Delivery Note
Star company (Mangalore, Karnataka) selling goods to space company( Bangalore, Karnataka) which GST will you calculate?
IGST
CGST only
CGST & SGST
UTGST
Star company (Mangalore, Karnataka) selling goods to Moon company( Surat, Gujrat) which GST will you calculate?
Output IGST
Output CGST & SGST
Output UTGST
Output TDS
Input CGST/SGST/ IGST comes under which ledger?
Fixed Assets
Current Assets
Liabilities
Duties & taxes
A tax return is...
Money you get back for working really hard
The Internal Revenue Service (IRS)
a report containing information used to calculate taxes owed by the taxpayer
a report that you give your boss when you start working
Not filing a tax return is a crime.
True
False
_________________ is the primary source of revenue for the federal government.
Individual income tax
food stamps
sales tax
airlines
What does voluntary mean?
Done, given, or acting by force. You do not have a choice.
Done, given, or acting of one's own free will. By choice.
Individuals must file a tax return when...
their income reaches a level set by the IRS
it will happen automatically
they feel like it
On Christmas eve
Filing status is a category that determines which tax form to use and the tax liability. It is based on your...
job
unemployment
marital status
house
The Wage and Tax Statement, which shows a person’s earnings and the amounts of income, is also known as the Form _-_.
W-2
W-4
1099
I-9
The Employee’s Withholding Allowance Certificate is a federal tax form that is also called the _____.
W-2
W-4
1099
I-9
Which tax return form is the simplest form to use?
Form 1040
Form 1040A
Form 1040EZ
E-filing form
Unearned income is...
earnings from sources other than work (ex: lottery winnings, interest, rent income)
the income received from employment, including self-employment
Taxable income is the amount on which taxes are calculated.
True
False
__________ is calculated by subtracting adjustments from total income.
net pay
adjusted gross income
gross pay
taxable income
Adjusted gross income is calculated by subtracting adjustments from total income. If your total income was $67,000 and your adjustments are $7,000. What is your adjusted gross income?
$33,000
$60,000
$55,000
A tax deduction is...
an amount of extra tax money to pay
an amount that is subtracted from adjusted gross income
an amount that is added to adjusted gross income
Two types of tax deductions are:
(Choose 2)
itemized deduction
income deduction
tax break
standard deduction
An amount that a taxpayer can claim for each person who is dependent on that person’s income is called an ________.
tax break
liability
exemption
A dependent is...
Someone who is lazy
Someone who works hard
an adult individual who pays taxes and takes care of themselves
an individual who relies on someone else for financial support, such as a child, a spouse, or an elderly parent
Your tax liability is..
the amount of total tax owed on income for the year
the number of dependents you have
the amount of tax income you saved
List three basic forms used to file income taxes.
1040, 1040A, 1040EZ
1040, 1040EZ, 1099
W-2,W-4, W-12
I-35, 290, Mopac
Unearned income is reported on your tax form and taxes must be paid on them.
True
False
Overtime is calculated at 1.5 times an employee's regular rate of pay.
True
False
Employees who are paid biweekly are paid twice a week.
True
False
Employees who are paid semi-monthly receive 26 paychecks per year.
True
False
Tax deductions are calculated as a percentage of net pay.
True
False
Federal law requires employers to pay a minimum wage.
True
False
Social security is the tax that pays for medical insurance for older adults.
True
False
Which form is used to report an employees earnings and taxes paid in a year?
W-2
W-4
I-9
1040
By what date must employers provide, or place in the mail, a wage earner's W-2 statement?
January 1
January 31
April 1
April 15
In most circumstances, which of the following persons can be claimed as a dependent on a Form W-4? Mark all that apply.
yourself
your spouse
your parents
your children
your pets
What are the four most common taxes that come out of a person’s payroll check?
Federal Income Tax
State Income Tax
City/Local Income Tax
Medicare Tax
Social Security
pay based on number of hours worked
salary
wages
earned income
unearned income
fixed rate of pay for week, month, or year
wages
commission
tips
salary
withheld from an employee’s wages or salary
disposable income
payroll taxes
workers compensation
earned income
Income that has not been worked for such as interest, dividends, or gambling winnings
disposable income
unearned income
earned income
workers compensation
Wages, salary and tips
unearned income
earned income
disposable income
Pays medical and disability benefits to employees injured on the job
unearned income
earned income
workers compensation
Medicare
What government department collects personal income tax?
Federal Government
IRS
Social Security Division
Congress
What is the deadline for filing personal income tax?
January 31
April 15
May 31
June 15
