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

Total questions: 13

Worksheet time: 3mins

Name
Class
Date
1.

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

a)

True

b)

False

2.

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

a)

Yes

b)

No

3.

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

a)

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

b)

The date of Filing of GSTR-1

c)

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

d)

None of the above

4.

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

a)

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

b)

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

c)

Both a and b

d)

None of the Above

5.

Q5. Penalty for non-generation of QR CODE.

a)

25000

b)

50000

c)

75000

d)

100000

6.

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

a)

Registered person supplying exempted goods or services

b)

Registered person paying tax under composition levy

c)

A and B

d)

None of the above

7.

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

a)

50 CR

b)

5 CR

c)

10 CR

d)

15 CR

8.

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.

a)

8 digits

b)

6 digits

c)

4 digits

d)

5 digits

9.

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

a)

Before / at the time of supply

b)

6 months from the date of removal

c)

Earlier of A and B

d)

None of the above

10.

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

a)

5000

b)

50000

c)

10000

d)

100000

11.

Ques 11  What is the validity of e-way bill in case of over dimensional cargo or multi model shipment  for 22 KM in which at least one leg involves transport by ship

a)

1 DAY

b)

4 DAY

c)

5 DAY

d)

None of the above

12.

Ques 12. If an E-way bill is generated at 00:39 hrs on 11th Feb. then when would the first day ends.

a)

A). Midnight of 12-13 Feb

b)

B). Midnight of 11-12 Feb

c)

C). 00:39 hrs on 12th Feb

d)

D). 00:39 hrs on 13th Feb

13.

Ques 13. Which of the following is furnished in Part-B of Form GST EWB-01.

a)

Value of Goods

b)

Place of delivery

c)

Vehicle number

d)

GSTIN of Supplier