Practice Test

Q1) The liability to pay tax on goods shall arise at the________. Show Answer

Q2) Under reverse charge, the liability to pay tax on supply of goods and / or services is on _______. Show Answer

Q3) When an invoice is not issued within prescribed period, time of supply shall be _______. Show Answer

Q4) Mr. Amay supplied goods to Mr. Tanay on 15-6-2018. He raised an invoice on 10-7-2018 and received the payment on 15-7-2018. The rate of tax on these goods was changed from 15% to 18% on 1-7-2018. The time of supply will be______. Show Answer

Q5) In example (4) above, if the invoice is raised on 30-6-2018, everything else remaining same, the time of supply will be ______. Show Answer

Q6) In example (4) above, the tax rate levied will be ______. Show Answer

Q7) In example (5) above, the tax rate levied will be ______. Show Answer

Q8) Ms. Pooja supplied services to Ms. Smita on 5-7-2018. She raised an invoice on 20-6-2018 and received the amount on 10-7-2018. The tax rate for these services was changed from 15% to 28% on 1-7-2018. The time of supply will be ______ and tax a rate levied will be _______. Show Answer

Q9) In example (8) above, if invoice is raised on 10-7-2018 and amount is received on 20-6-2018, everything else being same, time of supply will be ______ and tax a rate levied will be_______. Show Answer

Q10) Ms. Amruta issued an invoice to Ms. Ankita on 5-7-2018 for services rendered on 15-7-2018. Ms. Ankita paid this amount on 7-7-2018. The rate of tax was changed on 10-7-2018. The time of supply shall ne Show Answer

Q11) Time of supply fixes the point when liability to charge GST arises. Show Answer

Q12) When invoice has not been issued within the time limit, the date of receipt of payment is the time of supply. Show Answer

Q13) For supplies under reverse charge basis, the time of supply would be date of payment or the date immediately following 60 days from the date of issue of invoice, whichever is earlier. Show Answer

Q14) The time of supply for any addition in value shall be the date on which such addition is received by the supplier. Show Answer

Q15) In case of change of rate of tax, time of supply shall be the date of provision of service. Show Answer

Q16) Time supply in case of change in rate of tax depends on date of issue of invoice and date of receipt of payment only. Show Answer

Q17) What is time of supply of goods, in case of forward charge? Show Answer

Q18) The date on which the supplier receives the payment shall be Show Answer

Q19) Mr. A sold goods to Mr. B. Determine the TOS in accordance with the provisions of Section 12 of the CGST Act, 2017 in case supply involves movement of goods.
Date of removal- 1st Oct, 2020
Date of invoice – 2nd Oct. 2020
Date when goods made available to the recipient- 3rd Oct. 2020
Date of receipt of payment- 15th Nov. 2020
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Q20) Mr. A sold goods to Mr. B. Determine the TOS in accordance with the provision of Section 12 of the CGST Act, 2017 in case supply involves movement of goods.
Date of removal – 3rd Oct. 2020
Date of Invoice – 1st Oct. 2020
Date when goods made available to the recipient – 4th Oct. 2020
Date of receipt of payment – 25th Nov. 2020
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Q21) Determine the Time of supply in accordance with provisions of Section 12 of the CGST Act, 2017 in case supply involves movement of goods.
Date of Invoice: 02-10-2020
Date of goods made available to recipient: 03-10-2020
Date of receipt of payment : 15-11-2020
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Q22) Determine the Time of supply in accordance with provisions of Section 12 of the CGST Act, 2017 in case supply involves movement of goods.
Date of removal of goods: 03-10-2020
Date of invoice : 01-10-2020
Date goods made available to recipient : 04-10-2020
Date of receipt of payment: 25-11-2020

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Q23) Determine the Time of Supply in accordance with provisions of Section 12 of the CGST Act, 2017 in case supply involves movement of goods.
Date of Removal of goods : 05-11-2020
Date of Invoice : 04-11-2020
Date goods made available to recipient : 06-11-2020
Date of receipt of payment: 01-10-2020
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Q24) Mr. A sold goods to Mr. B. Determine the TOS in accordance with the provisions of Section 12 of the CGST Act, 2017 in case supply does not involve movement of goods.
Date of delivery – 2nd Oct. 2020 (Date when the goods made available to the recipient)
Date of Invoice – 3rd Oct. 2020
Date of receipt of payment – 15th Nov. 2020
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Q25) Determine the Time of supply in case goods are supplied on approval basis
Removal of goods : 01-12-2020
Issue of Invoice : 15-12-2020
Accepted by recipient : 05-12-2020
Receipt of payment : 25-12-2020
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Q26) Where the supplier of taxable goods receives an amount upto _______ in excess of the amount indicated in the tax invoice, the time of supply to the extent of such excess amount shall, at the option of the said supplier, be the date of issue of invoice in respect of such excess amount. Show Answer

Q27) The time of supply to the extent it relates to an addition in the value of supply by way of interest late fee or penalty for delayed payment of any consideration shall be the date on which Show Answer

Q28) Tax invoice must be issued by _______ on supplies made by him. Show Answer

Q29) An invoice must be issued Show Answer

Q30) In case of goods sent on sale on approval basis, invoice has to be issued Show Answer

Q31) Where the goods being sent or taken on approval for sale or return are removed before the supply takes place, the invoice shall be issued Show Answer

Q32) GGST a dealer has sent some goods to CGST, another dealer, for Sales on Approval Basis. In absence of any confirmation even after 6 months, it will be treated as Show Answer

Q33) What is time of supply of goods liable to tax under reverse charge mechanism? Show Answer

Q34) Determine the Time of Supply in accordance with provisions of Section 12 of the CGST Act, 2017 in case recipient of goods is liable to pay under reverse charge mechanism.
Date of Invoice : 01-10-2020
Date of receipt of goods : 15-10-2020
Date of payment in goods: 10-10-2020
Date of debit of payment in Bank A/c : 12-10-2020
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Q35) What is the time of supply of vouchers when the supply with respect to the voucher is identifiable? Show Answer

Q36) What is the time of supply of vouchers when the supply with respect to the voucher is not identifiable? Show Answer

Q37) What is date of receipt of payment? Show Answer

Q38) XYZ Ltd has purchased for its employees 100 vouchers dated 24-02-2020 worth 1,000 each from ABC Ltd. a footwear manufacturing company. The vouchers were issued by ABC Ltd. on 25-02-2020. The vouchers can be encashed at retail outlets of ABC Ltd. The same were given to employees on 26-02-2020. The employees of XYZ Ltd. encashed the same on 01-03-2020. Determine time of supply of vouchers. Show Answer

Q39) What is the time of supply of service if the invoice is issued within 30 days from the date of provision of service? Show Answer

Q40) What is the time of supply of service if the invoice is issued within 30 days from the date of supply of service? Show Answer

Q41) What is the time of supply of service if the invoice is not issued within 30 days from the date of supply of service and no advance payments are received? Show Answer

Q42) What is the time of supply of service for the supply of taxable services up to Rs. 1000 in excess of the amount indicated in the taxable invoice? Show Answer

Q43) How is the date of receipt of consideration by the supplier determined? Show Answer

Q44) Value of services rendered is Rs. 1,18,000. Date of issue of invoice is 5th Sept. 2020. Advance received is Rs. 20,000 on 20th August, 2019. Balance amount received on 7th Sept. 2020. What is the TOS of service? Show Answer

Q45) Determine the TOS in accordance with provision of CGST Act, 2017.
Date of actual supply of service – 10th Nov. 2020
Date of Invoice – 30th Nov. 2020
Date on which payment received – 15th Dec. 2020
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Q46) Determine the TOS in accordance with provision of CGST Act, 2017.
Date of actual supply of service – 10th Nov. 2020
Date of Invoice – 30th Nov. 2020
Date on which payment received – 15th Nov. 2020
Show Answer

Q47) Determine the TOS in accordance with provision of CGST Act, 2017.
Date of actual supply of service – 10th Nov. 2020
Date of Invoice – 12th Dec. 2020
Date on which payment received – 30th April 2021
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Q48) Determine the TOS in accordance with provision of CGST Act, 2017.
Date of actual supply of service – 10th Nov. 2020
Date of Invoice – 22th Dec. 2020
Date on which payment received – 12th Dec 2020
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Q49) From the following determine the reverse charge basis.
Date of Invoice: 30-1-2020
Date of completion of service: 30-01-2020
Date of payment by recipient: 10-2-2020
Entry for receipt of service in recipient’s books : 12-2-2020
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Q50) If Supply of Services has ceased under a contract before the completion of supply: Show Answer

Q51) The tax invoice should be issued _______ the date of supply of service. Show Answer

Q52) In case of taxable supply of services, invoice shall be issued within a period of _______from the date of supply of service. Show Answer

Q53) Continuous supply of services” means a supply of services who provided, or agreed to be provided, continuously or on recurrent basis, under a contract, for a period exceeding ________ MONTHS .with periodic payment obligations and includes supply of such services as the Government may, subject to such conditions, as it may by notification, specify Show Answer

Q54) In case of continuous supply of services, where due date of payment is ascertainable from the contract, invoice shall be issued Show Answer

Q55) In case of continuous supply of services, where due date of payment is not ascertainable from the contract, invoice shall be issued Show Answer

Q56) Minimum Services periods required to constitute a continuous supply of services with periodic payment Show Answer

Q57) What is the time of supply of service in case of reverse charge mechanism? Show Answer

Q58) From the following information determine the TOS of goods where goods are taxed on reverse charge basis
Date of issue of invoice by the supplier- 30th Nov. 2020
Date of receipt of goods – 30th Nov. 2020
Date of payment by the recipient – 10th Dec. 2020
Entry of receipt of services in the recipient’s BOA – 12th Dec. 2020
Show Answer

Q59) From the following information determine the reverse charge basis.
Date of Invoice: 30-1-2020
Date of completion of service- 30-1-2020
Date of payment by recipient: 15-1-2020
Entry for receipt of service in recipient’s books: 30-1-2020
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Q60) What is the time of supply of service in case an associated enterprise receives services from the service provider located outside India? Show Answer

Q61) A Ltd is located in India and W Ltd. located in USA are associated enterprises (as A Ltd. holds 51% of shares of W Ltd.) W Ltd. provides some technical services to A Ltd. in India. From the following details, determine the TOS for A Ltd. (as importation of services is the case of RCM)Agreed Consideration- 10,000.
Date on which services are supplied on W Ltd- 16th Dec. 2020
Date on which invoice is sent by W Ltd.-19th Dec.2020
Date of entry in the Books of Account of A Ltd.-30th Dec. 2020
Date on which payment is made by A Ltd.-23rd March 2021
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Q62) What is the time of supply of vouchers in respect of services when the supply with respect to the voucher is identifiable? Show Answer

Q63) What is the time of supply of vouchers when the supply with respect to the voucher is not identifiable? Show Answer

Q64) There was increase in tax rate from 20% to 24% w.e.f. 1.09.2020. Which of the following rate is applicable when services are provided after change in rate of tax in September 2020, but invoice issued and payment received, both in August, 2020 Show Answer

Q65) There was increase in tax rate from 20% to 24% w.e.f. 1.09.2020. Which of the following rate is applicable when services provided, and invoice raised after change in rate of tax in September 2020, but payment received in August 2020: Show Answer

Q66) There was increase in tax rate from 20% to 24% w.e.f. 1.09.2020. Which of the following rate is applicable if the supplier has opted for composition levy and invoice was issued after change in rate of tax in September, 2020, but payment received and goods supplied in August, 2020. Show Answer

Q67) For dealers in goods, except for composition dealers, the Actual/ Due Date of Invoice whichever is earlier is the TOS/ Show Answer

Q68) A registered person supplying taxable goods shall issue a tax invoice within 30 days from the date of supply of goods. Show Answer

Q69) “Removal” in relation to goods, means dispatch of the goods for delivery by the supplier. Show Answer

Q70) Removal” in relation to goods, means collection of the goods for delivery by the supplier. Show Answer

Q71) Time of supply of a voucher where supply is identifiable at the time of issuance of voucher is the date of redemption of voucher. Show Answer

Q72) Point credited into digital wallet is a voucher. Show Answer

Q73) Mobile pre-paid card is not a voucher. Show Answer

Q74) In case of cessation of supply of services before completion of supply, the invoice (to the extent of the supply made before such cessation) should be issued at the time when the supply ceases. Show Answer

Q75) If a supplier of taxable services receives an amount up to [Rs. 1,000/-] in excess of the amount indicated on the tax invoice, then the supplier has to take the date of issue of invoice in respect of such supply as time of supply. Show Answer