Top 50+ Solved Payment of Tax MCQ Questions Answer
Q. Which of these registers/ledgers are maintained online?
a. Tax liability register
b. Credit ledger
c. Cash ledger
d. All of them
Q. Payment made through challan will be credited to which registers/ledgers?
a. Electronic Tax liability register
b. Electronic Credit ledger
c. Electronic Cash ledger
d. All of them
Q. What is deemed to be the date of deposit in the electronic cash ledger?
a. Date on which amount gets debited in the account of the taxable person
b. Date on which payment is initiated and approved by the taxable person
c. Date of credit to the account of the appropriate Government
d. Earliest of the above three dates
Q. What gets debited to the electronic credit ledger?
a. Matched input tax credit
b. Provisionally input tax credit
c. Unmatched input tax credit
d. All of them
Q. Balance in electronic credit ledger can be utilized against which liability?
a. Output tax payable
b. Interest
c. Penalty
d. All of them
Q. Balance in electronic credit ledger under IGST can be used against which liability?
a. IGST Liability only
b. IGST and CGST liability
c. IGST, CGST and SGST liability
d. None of them
Q. Balance in electronic credit ledger under CGST can be used against which liability?
a. CGST Liability only
b. CGST and IGST liability
c. CGST, IGST and SGST liability
d. None of them
Q. Balance in electronic credit ledger under SGST can be used against which liability?
a. SGST Liability only
b. SGST and IGST liability
c. SGST, IGST and CGST liability
d. None of them
Q. What should the taxable person do if he pay’s the wrong tax i.e. IGST instead of CGST/SGST orvice versa?
a. Remit tax again and claim refund
b. It will be auto-adjusted
c. It will be adjusted on application/request
d. None of the above
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