Top 350+ Solved Indirect Taxes- GST MCQ Questions Answer
Q. What should the taxable person do if he pay’s tax under wrong GSTIN?
a. Pay again under right GSTIN and claim refund
b. Auto-adjustment
c. Adjustment on application/request
d. Raise ISD invoice and transfer
Q. Taxable person made an online payment of tax. Due to technical snag CIN was not generatedbut my bank account is debited. What should he do?
a. Wait for 24 hours for re-credit
b. Approach bank
c. File application with department
d. File return without challan
Q. What is the due date for payment of tax?
a. Last day of the month to which payment relates
b. Within 10 days of the subsequent month
c. Within 20 days of the subsequent month
d. Within 15 days of the subsequent month
Q. Input Tax credit as credited in Electronic Credit ledger can be utilized for
a. Payment of Interest
b. Payment of penalty, fine
c. Payment of late fees
d. Payment of Taxes
Q. Deposits towards tax, penalty, interest, fee or any other amount are credited into the ofa taxable person.
a. Electronic Credit Ledger
b. Electronic Tax Liability Ledger
c. Electronic Cash Ledger
d. All of the above
Q. The Input Tax Credit as self-assessed by a taxable person is credited into the
a. Electronic Credit Ledger
b. Electronic Tax Liability Ledger
c. Electronic Cash Ledger
d. All of the above
Q. Cross-Utilization of credit of available IGST after utilization towards payment of IGST is done inthe following chronological order :
a. CGST then SGST/UTGST
b. SGST/UTGST then CGST
c. CGST, UTGST and SGST simultaneously
d. Only IGST
Q. Which of the following Statements is true?
a. ITC of CGST is first utilized for payment of CGST and the balance is utilized for payment of SGST/UTGST
b. ITC of SGST is first utilized for payment of SGST and the balance is utilized for payment of CGST
c. ITC of CGST is first utilized for payment of CGST and the balance is utilized for payment of IGST
d. All of the Above
Q. Over the Counter Payment can be made in branches of Banks Authorized for deposits up to` per challan per tax period?
a. 5,000
b. 10,000
c. 20,000
d. 40,000
Q. Which of the following shall be discharged first, while discharging liability of a taxable person?
a. All dues related to previous tax period
b. All dues related to current tax period
c. Additional demand raised
d. No such condition is mandatory
Q. Cross utilization of ITC is not allowed between :
a. CGST and SGST
b. SGST and IGST
c. IGST and CGST
d. None of the above
Q. Tax paid on goods and services under Act is allowable both under SGST Act and CGSTAct?
a. IGST
b. CGST
c. SGST
d. VAT