Practice Test

Q1) "Input" means: Show Answer

Q2) Whether definition of Inputs includes capital goods. Show Answer

Q3) Where the goods against an invoice are received in lots, the registered person shall be entitled to take credit upon receipt of the ...................... . Show Answer

Q4) A supplier takes deduction of depreciation on the GST component of the cost of capital goods as per Income-tax Act, 1961. The supplier can - Show Answer

Q5) Whether credit on inputs should be availed based on receipt of documents or receipt of goods. Show Answer

Q6) Where any person claims that he is eligible for input tax credit under this Act, the burden of proving such claim shall lie Show Answer

Q7) In which of the following situations, taxpayer needs to reverse the credit already taken? Show Answer

Q8) What is the time limit for taking ITC? Show Answer

Q9) If the goods are received in lots/installment, ......................... Show Answer

Q10) For banking companies using inputs and input services partly for taxable supplies and partly for exempt supplies, which of the statement is true? Show Answer

Q11) Input tax credit in respect of Motor vehicles and other conveyances will be available when they are used for making taxable supplies of ............................ Show Answer

Q12) Input tax credit in respect of inputs supplied by principal to job-worker for job-work shall be allowed to ................... Show Answer

Q13) For the purpose of Input tax credit, Plant and machinery excludes ......................... Show Answer

Q14) In case supplier has deposited the taxes but the receiver has not received the documents, is receiver entitled to avail credit? Show Answer

Q15) Input tax credit on capital goods can be availed in ......................... Show Answer

Q16) The time limit to pay the value of supply with taxes to avail the input tax credit? Show Answer

Q17) A registered person shall not be entitled to take input tax credit in respect of any supply of goods or services or both to him after the expiry of ................................... from the date of issue of tax invoice relating to such supply. Show Answer

Q18) Whether depreciation on tax component of capital goods and Plant and Machinery and whether input tax credit is permissible? Show Answer

Q19) What is the maximum time limit to claim the Input tax credit? Show Answer

Q20) Proportionate credit for capital goods is allowed ............................. . Show Answer

Q21) Exempt supplies under Section 17 of CGST Act, 2017 includes ? Show Answer

Q22) Banking company or Financial Institution have an option of claiming: Show Answer

Q23) Can Banking Company or Financial Institution withdraw the option of availing actual credit or 50% credit anytime in the financial year? Show Answer

Q24) The input tax credit paid on motor vehicles and other conveyances will be available when they are used for making the taxable supplies. Show Answer

Q25) The input tax credit paid on ...................... will not be available. Show Answer

Q26) Input tax credit of tax paid on works contract services is available when supplied for construction of ............................. . Show Answer

Q27) Input tax credit of tax paid on the ....................................... is not available. Show Answer

Q28) A supplier of goods or services pays tax on demands by the department on account of fraud, willful misstatement etc. Whether recipient of goods can avail its input tax credit? Show Answer

Q29) An assessee obtains new registration on account of change of scheme from composition to regular scheme. It can avail credit on inputs lying in stock. What is the time limit for taking said credit? Show Answer

Q30) Whether ITC on Input services or capital goods held in stock can be availed in case of new Registration/Voluntary Registration? Show Answer

Q31) In case of Compulsory registration, input tax credit can be availed on? Show Answer

Q32) In case of Voluntary registration input tax credit can be availed ................................... . Show Answer

Q33) Whether credit on capital goods is eligible in case of switching from Composition scheme to Regular scheme ? Show Answer

Q34) Can the unutilized input tax credit be transferred in case of change in constitution of business? Show Answer

Q35) If there is a mis-match of supplier's outward supply and recipient's claim for ITC on the same transaction (tax paid is claimed to be more by the recipient than the tax shown as payable in the invoice of the supplier)- Show Answer

Q36) Which of the following statement is true for a composition tax payer? Show Answer

Q37) Is Input tax fully restricted in case of switch over from taxable to exempt supplies. Show Answer

Q38) Which of the following inward supplies are not eligible for ITC in case of a company manufacturing shoes? Show Answer

Q39) Is Input tax to be paid in case of switchover from taxable to exempt supplies. Show Answer

Q40) Is Input tax to be reversed in case of supply of capital goods. Show Answer

Q41) The duplication of claims of input tax credit shall be communicated to the ................... in such manner as may be prescribed. Show Answer

Q42) The duplication of claims for reduction in output tax liability shall be communicated to .................. in such manner as may be prescribed. Show Answer

Q43) The time limit beyond which capital goods sent for job work if not returned will be treated as supply. Show Answer

Q44) Principal entitled for input tax credit on inputs sent for job work ......................... . Show Answer

Q45) Principal entitled for input tax credit on capital goods if sent for job work .............................. . Show Answer

Q46) Is the principal entitled for credit of goods though he has not received the goods and has been sent to job worker directly by vendor. Show Answer

Q47) The credit attributable to a particular recipient shall be distributed to ................................ . Show Answer

Q48) A person is entitled to take credit of input tax as self-assessed in the return and credited to Electronic credit ledger on? Show Answer

Q49) Provisional Input tax credit can be utilized against ..................................... . Show Answer

Q50) Matching of Input Tax credit on inward supply by recipient is undertaken with ............................. . Show Answer

Q51) Is it mandatory that the tax on the supply has to be paid by the supplier so that the recipient can claim credit? Show Answer

Q52) If there is Mis-match of supplier's outward supply and recipient's claim for Input Tax credit on the same transaction. Show Answer

Q53) Input Tax credit as credited in Electronic Credit ledger can be utilized for? Show Answer

Q54) The Registration to be taken by an Input service distributor will be: Show Answer

Q55) Suppose the Head Office of a Business group enter into a centralised service contract in respect of its subsidiary units or branch business places and wants to distribute input tax credit among them and that dealer also conducts normal taxable business activities. The type of Registration required to that Head Office will be: Show Answer

Q56) RRC is allowed only on those goods and/or Services which are intended for making: Show Answer

Q57) Unadjusted ITC Credit at the end of a financial Year is carried forwarded to Next Financial Year except in the case of: Show Answer

Q58) The unutilized ITC in the electronic ITC Ledger will be allowed to a new entity on business as a whole transfer, merger, demerger, amalgamation and on lease if the transfer deed provides for: Show Answer

Q59) Suppose, One Dealer paying tax under Normal Scheme switch over in to Composition Scheme. What will be the fate of his already ITC availed existing stock and Credit balance on Electronic ITC Ledger? Show Answer

Q60) The order of the utilisation of the input tax credit relating to SGST will be: Show Answer

Q61) Suppose, the IGST Credit of Rs. 5 lakhs has been cross utilised to ? (a) Settle the SGST output tax liability of Rs. 5 lakhs of a Rajasthan Dealer. (b) The fund Transfer will be: Show Answer

Q62) Suppose, the IGST Credit of Rs. 5 lakhs is cross utilised to settle the IGST output of Rs. 5 lakhs of a Rajasthan Dealer. The fund transfer will be: Show Answer

Q63) Input tax credit is not available on .......................? Show Answer

Q64) The conditions for claiming ITC doesn't include the following: Show Answer

Q65) Cross utilization of ITC is not allowed between: Show Answer

Q66) Tax paid on goods and services under ................................. Act is allowable both under SGST act and CGST Act? Show Answer

Q67) ITC includes tax payable under .................................... also: Show Answer

Q68) ITC on pre-registration stock is allowed of registration is take with in ...................... days from the date on which he is liable for registration. Show Answer

Q69) Refund is input tax credit is not eligible in the following cases ? Show Answer

Q70) The details of inward supply furnished by the registered taxable person shall be matched with the? Show Answer

Q71) If Input credit claimed by recipient is more than the output tax declared by the supplier or if the supplier has not declared the outward supply, then? Show Answer

Q72) Every registered taxable person shall be entitled to take credit of input tax in his return and such input tax credit shall be credited to ? Show Answer

Q73) The details of every credit note relating to outward supplies furnished by the registered taxable person shall be matched ? Show Answer

Q74) If the reduction in output tax liability claimed by the supplier is more than the corresponding reduction in input tax credit declared by the recipient or if the recipient has not reduced the input tax liability, then? Show Answer

Q75) Which of these electronic ledgers are maintained online? Show Answer

Q76) Deposits towards tax, penalty, interest, fee or any other amount are credited into the ...................... of a taxable person. Show Answer

Q77) Input tax credit as self-assessed in the return of the registered person shall be credited to which of the following ledger? Show Answer

Q78) Which of the following items are debited to electronic credit ledger? Show Answer

Q79) Balance in electronic credit ledger under SGST can be used against which liability? Show Answer

Q80) Interest is payable on:- Show Answer

Q81) Which of the following liability cannot be adjusted against input tax credit of CGST? Show Answer

Q82) Which of the following shall be discharged first, while discharging liability of a taxable person? Show Answer

Q83) Interest is calculated:- Show Answer

Q84) Which of the following statement is true: Which date is considered as date of deposit of the tax dues. Show Answer

Q85) The amounts can be credited in electronic cash ledger by ............................. . Show Answer

Q86) The input tax credit as self-assessed in the return of a registered person shall be credited to his ...................... , in accordance with Section 41, to be maintained in such manner as may be prescribed. Show Answer

Q87) The amount available in the electronic cash ledger may be used for making any payment towards .......................... under the provisions of this Act or the rules made thereunder in such manner and subject to such conditions and within such time as may be prescribed. Show Answer

Q88) Suppose one dealer has a SGST Credit of Rs. 4 lakhs in his ITC Ledger and at the same time, he has a CGST output liability of Rs. 3 lakhs. What an amount should be deposited by that dealer to his Electronic Cash Ledger maintained in GSTN Portal to file a Valid return. Show Answer

Q89) Suppose one dealer has an IGST Credit of Rs. 4 lakhs in his ITC Ledger and the same time he has an IGST Liability of Rs. 2 lakhs, CGST Liability of Rs. 3 lakhs and SGST Liability of Rs. 5 lakhs. What an amount that dealer should have to deposit to his Electronic Cash Ledger to discharge his tax liability and to file a Valid return. Show Answer

Q90) The permissible order of cross utilisation of IGST credit over the tax liabilities. Show Answer

Q91) Electronic Credit Ledger is Credited by: Show Answer

Q92) Suppose one dealer has a credit of Rs. 5 lakhs in his Electronic ITC Ledger. That dealer has an interest arrears dues of Rs. 6 lakhs and penalty dues of Rs. 2 lakhs. If so, how much, he has to deposit to settle the above interest and penalty dues? Show Answer

Q93) In GST, the order of discharging of tax and other liability will be: Show Answer

Q94) A person who ......................... digital or electronic facility or platform for electronic commerce shall be considered as an e-commerce operator. Show Answer

Q95) At what rate should the tax be collected at source under CGST Act, 2017? Show Answer

Q96) Which of the following persons are liable to deduct tax at source? Show Answer

Q97) What is the threshold limit to deduct tax at source under GST? Show Answer

Q98) Rate of tax for deduction of tax at source under section 51 of CGST? Show Answer

Q99) Which of the following persons are liable to collect tax at source? Show Answer

Q100) What is the due date for payment of TCS under GST? Show Answer

Q101) Which of the following terms is included in the definition of electronic commerce operator? Show Answer

Q102) What is the due date for issue of TDS Certificate? Show Answer

Q103) When should the e-commerce operator be liable to collect tax at source? Show Answer

Q104) What is net value of taxable supplies? Show Answer

Q105) When an e-commerce operator is required to register under GST? Show Answer

Q106) The amount collected under section 52(1) as TCS shall be paid to the Government by the E- commerce operator within ..........................................., in such manner as may be prescribed. Show Answer

Q107) Can a supplier take credit of the TCS? Show Answer

Q108) Is there any matching to be done with the returns filed? Show Answer

Q109) What is the late fee for delay in issuing the Certificate of TDS Deduction to the Deductee? Show Answer

Q110) The TDS Remittance of the Deductor will be shown in the: Show Answer

Q111) Is it mandatory to capitalize the capital goods in books of Accounts? Show Answer

Q112) Whether credit on capital goods can be taken immediately on receipt of the goods? Show Answer

Q113) The term "used in the course or furtherance of business" means? Show Answer

Q114) Under section 16(2) of CGST Act how many conditions are to be fulfilled for the entitlement of credit? Show Answer

Q115) Input tax credit on capital goods and Inputs can be availed in one installment or in multiple installments? Show Answer

Q116) The tax paying documents in section 16(2) is Show Answer

Q117) What is the time limit for taking input tax credit by a registered taxable person? Show Answer

Q118) Can the recipient avail the Input tax credit for the part payment of the amount to the supplier within one hundred and eighty days? Show Answer

Q119) Whether credit can be availed without actual receipt of goods where goods are transferred through transfer of document of title before or during the movement of goods? Show Answer

Q120) An assesses obtains new registration, voluntary registration, change of scheme from composition to regular scheme and from exempted goods / services to taxable goods / services. It can avail credit on inputs lying in stock. What is the time limit for taking said credit? Show Answer

Q121) Credit on Input services or capital goods held in stock can be availed in case of new Registration / Voluntary Registration Show Answer

Q122) Eligibility of credit on capital goods in case of change of scheme from Composition scheme to Regular scheme Show Answer

Q123) Is Input tax fully restricted in case of switchover from taxable to exempt supplies Show Answer

Q124) ITC can be taken on goods if goods not received by registered person but Show Answer

Q125) ITC can be availed on Show Answer

Q126) Maximum time limit for availing ITC is Show Answer

Q127) ITC can be claimed by a registered person for Show Answer

Q128) Input Tax for the purpose of ITC includes IGST on imports. Show Answer

Q129) Input Tax for the purpose of ITC excludes CGST payable under reverse charge mechanism. Show Answer

Q130) Input Tax for the purpose of ITC includes IGST payable under reverse charge mechanism. Show Answer

Q131) Input Tax for the purpose of ITC includes composition levy. Show Answer

Q132) ITC can be availed on Goods whether or not used or intended to be used by a supplier in the course of business. Show Answer

Q133) The self-assessed input tax credit in the ECL can be utilised for payment of self-assessed output tax as per the return. Show Answer

Q134) The self-assessed input tax credit in the ECL of a person can be utilised for payment of ouput tax on taxable supply made by his agent. Show Answer

Q135) The self-assessed input tax credit in the ECL can be utilised for payment of tax payable on reverse charge basis. Show Answer

Q136) The tax paid under reverse charge mechanism can be used as ITC. Show Answer

Q137) The central tax shall not be utilised towards payment of State tax. Show Answer

Q138) The central tax can be utilised towards payment of Union territory tax. Show Answer

Q139) The State tax can be utilised towards payment of central tax. Show Answer

Q140) The Union territory tax shall not be utilised towards payment of central tax. Show Answer

Q141) The registered person will be entitled to ITC on the basis of the relevant debit note. Show Answer

Q142) When goods are received in lots, ITC is availed only at the time of receipt of the last lot. Show Answer

Q143) To avail ITC, the Invoice value including the tax should be paid to the supplier within 180 days of the date of supply. Show Answer

Q144) The registered person will be entitled to ITC on the basis of an invoice issued under reverse charge. Show Answer

Q145) The registered person will be entitled to ITC on the basis of a bill of entry for imports. Show Answer

Q146) The registered person is not entitled to take ITC on input tax paid in advance before supply. Show Answer

Q147) The registered person is not entitled to take ITC on input tax paid in advance before supply. Show Answer

Q148) The condition for availing ITC, of payment of value of supply plus tax within 180 days does not apply to a supply on which tax is payable on reverse charge basis. Show Answer

Q149) The condition for availing ITC, of payment of value of supply plus tax within 180 days does not apply to a supply on which tax is payable on reverse charge basis. Show Answer

Q150) Where exempt supply becomes a taxable supply, credit on capital goods is available, only if exclusively used for such exempt supply. Show Answer

Q151) Which of these registers/ledgers are maintained online? Show Answer

Q152) Payment made through challan will be credited to which registers/ledgers? Show Answer

Q153) What is deemed to be the date of deposit in the electronic cash ledger? Show Answer

Q154) What gets debited to the electronic credit ledger? Show Answer

Q155) Balance in electronic credit ledger can be utilized against which liability? Show Answer

Q156) Balance in electronic credit ledger under IGST can be used against which liability? Show Answer

Q157) Balance in electronic credit ledger under CGST can be used against which liability? Show Answer

Q158) What should the taxable person do if he pay?s the wrong tax i.e. IGST instead of CGST/SGST or vice versa? Show Answer

Q159) What should the taxable person do if he pay's tax under wrong GSTIN? Show Answer

Q160) Taxable person made an online payment of tax. Due to technical snag CIN was not generated but my bank account is debited. What should he do? Show Answer

Q161) What is the due date for payment of tax? Show Answer

Q162) A Company has head office in Bangalore and 4 branches in different states, all registered under GST and one ISD registered unit in Delhi. How many electronic cash ledgers will the company have? Show Answer

Q163) What is the validity of challan in FORM GST PMT-06? Show Answer

Q164) The Input Tax Credit as self-assessed by a taxable person is credited into the Show Answer

Q165) Cross-Utilization of credit of available IGST after utilization towards payment of IGST is done in the following chronological order: Show Answer

Q166) Which of the following Statements is true? Show Answer

Q167) Over the Counter Payment can be made in branches of Banks Authorized for deposits up to Rs. ____________ per challan per tax period? Show Answer

Q168) The amounts can be credited in E-Cash ledger by Show Answer

Q169) Suppose Mr. X has a SGST credit of Rs. 10 lakhs in his ITC ledger and at the same time, he has a CGST output liability of Rs. 7 lakhs. What an amount should be deposited by Mr. X to his E-Cash ledger maintained at the GSTN portal Show Answer

Q170) Suppose Mr. Y has a IGST credit of Rs. 14 lakhs in his ITC ledger and at the same time, he has a IGST liability of Rs. 7 lakhs, CGST liability of Rs. 8 lakhs and SGST liability of Rs. 5 lakhs. What an amount should be deposited by Mr. Y to his E-Cash ledger maintained at the GSTN portal? Show Answer

Q171) Suppose Mr. Z has a credit of Rs. 15 lakhs in his ITC ledger and at the same time, he has an interest arrears dues of Rs. 16 Lakhs and penalty dues of Rs. 12 lakhs. If so, how much Mr. Z has to deposit to settle the above interest and penalty dues? Show Answer

Q172) A taxable person failed to pay tax and / or file returns on time. He should pay interest on? Show Answer

Q173) What is the rate of interest in case of belated payment of tax? Show Answer

Q174) What is the rate of interest in case of undue or excess claim of ITC? Show Answer

Q175) Mr. A was liable to pay GST of Rs. 10,000 on 20-8-2019 but he failed to pay. Later he decided to pay tax on 26-10-2019. What would be the period for which interest has to be paid by him Show Answer

Q176) What is the date for applicability of TDS provisions? Show Answer

Q177) GST TDS provisions can apply where total value of such supply, under a contract, exceeds rupees ______________. Show Answer

Q178) On what value TDS needs to be deducted? Show Answer

Q179) The amount deducted as tax (TDS) shall be paid to the credit of the Government by the deductor within ________________. Show Answer

Q180) What is the rate of tax for tax collected at source? Show Answer

Q181) What is the threshold limit for applying the provisions of Section 52 for collecting tax at source? Show Answer

Q182) Which section deals with the TDS provisions in GST? Show Answer

Q183) Which section deals with the TCS provisions in GST? Show Answer

Q184) ____________ the table supplies returned to the supplier on the electronic commerce is _____________ as a deduction while calculating the net value. Show Answer

Q185) No TDS shall be made when Show Answer

Q186) On the common GSTN portal each registered taxpayer will have two electronic registers. Show Answer

Q187) On the common GSTN portal each registered taxpayer will have one electronic ledger. Show Answer

Q188) The electronic ledgers / register will be created on generation of GSTR-3 by the taxpayer. Show Answer

Q189) The electronic ledgers / register will be updated on generation of CIN by the taxpayer. Show Answer

Q190) Every deposit made by a person by using debit card will be debited to the electronic cash ledger. Show Answer

Q191) Every deposit made by a person by using credit card will be credited to the electronic credit ledger. Show Answer

Q192) The amount available in the electronic cash ledger may be used only for making payment towards output tax under the CGST Act or under the Integrated Goods and Services Tax Act. Show Answer

Q193) The date of credit to the account of the Government in the authorised bank shall be deemed to be the date of deposit in the electronic credit ledger. Show Answer

Q194) The electronic cash ledger shall be maintained in FORM GST PMT-01 for each person. Show Answer

Q195) A challan in FORM GST PMT-04 can be generated for deposit into the electronic cash ledger. Show Answer

Q196) Over the Counter payment through authorised banks for deposits into the electronic cash ledger is allowed upto Rs. 10,000/- per challan per tax period, by cash. Show Answer

Q197) Over the Counter payment through authorised banks for deposits into the electronic cash ledger is allowed upto Rs. 10,000/- per tax period, by cash. Show Answer

Q198) CIN stands for Cash Inward Number. Show Answer

Q199) In case the CIN has been generated but the bank account is not debited, then the person has to represent electronically in FORM GST PMT-07. Show Answer

Q200) A registered person, claiming refund of any balance in the electronic cash ledger can claim such refund in Part A of the return in FORM GSTR-3. Show Answer

Q201) A registered person, claiming refund of any balance in the electronic cash ledger can claim such refund in Part B of the return in FORM GSTR-1. Show Answer

Q202) The amount available in the electronic credit ledger may be used for making any payment towards [output tax] under the CGST Act or under the Integrated Goods and Services Tax Act. Show Answer

Q203) The amount available in the electronic credit ledger may be used for making any payment towards tax, interest, penalty, fees or any other amount payable. Show Answer

Q204) The electronic credit ledger shall be maintained in FORM GST PMT-01. Show Answer

Q205) Entries will not be allowed to be made directly in the electronic credit ledger. Show Answer

Q206) All liabilities of a taxable person under this Act shall be recorded and maintained in an electronic tax register. Show Answer

Q207) The electronic liability register is maintained in FORM GST PMT-01. Show Answer

Q208) Return Related Liabilities will be maintained in Part II of the electronic liability register. Show Answer

Q209) Return Related Liabilities will be maintained in Part I of the electronic return register. Show Answer

Q210) Payment made against the show because notice will be recorded in the electronic credit register. Show Answer

Q211) The electronic credit register of the person shall indicate amount payable towards tax. Show Answer