Top 50+ Solved Payment of Tax MCQ Questions Answer
Q. What is the rate of interest in case of undue or excess claim of ITC ?
a. 18%
b. 24%
c. 30%
d. 40%
Q. What is the date for applicability of TDS provisions ?
a. 1-7-2017
b. 1-1-2018
c. 1-9-2018
d. 1-10-2018
Q. GST TDS provisions can apply where total value of such supply, under a contract, exceedsrupees .
a. 1 lakh
b. 1.5 lakhs
c. 5 lakhs
d. 2.5 lakhs
Q. On what value TDS needs to be deducted ?
a. Contract value
b. Contract value excluding tax
c. Invoice value including tax
d. Invoice value excluding tax
Q. The amount deducted as tax (TDS) shall be paid to the credit of the Government by the deductorwithin .
a. Last day of the month to which payment relates
b. 10 days from the relevant period
c. 15 days from the relevant period
d. 20 days from the relevant period
Q. What is the rate of tax for tax collected at source ?
a. 0.5% each CGST and SGST
b. 2% of IGST
c. Both (a) and (b)
d. None of the above
Q. What is the threshold limit for applying the provisions of Section 52 for collecting tax at source ?
a. If net value of taxable supplies exceeds ` 2,50,000
b. If net value of taxable supplies exceeds ` 5,00,000
c. If net value of taxable supplies exceeds ` 10,00,000
d. No such limit prescribed
Q. Can a supplier take credit of the TCS ?
a. Yes
b. No
c. Yes, on the basis of the valid return filed
d. Yes, on the basis of a valid return filed by the e-commerce operator and there is no discrepancy
Q. Which section deals with the TDS provisions in GST ?
a. Section 51
b. Section 52
c. Section 53
d. Section 54
Q. Which section deals with the TCS provisions in GST ?
a. Section 51
b. Section 52
c. Section 53
d. Section 54
Q. the table supplies returned to the supplier on the electronic commerce is as adeduction while calculating the net value.
a. No, not allowed
b. Yes, allowed
c. Yes, not allowed
d. No, allowed
Q. No TDS shall be made when
a. Location of supplier and place of supply is in a State or Union Territory which is different from the State / UT of registration of the recipient
b. Location of supplier and place of supply is in same state and location of recipient is in same state
c. Location of supplier and place of supply is in different state and location of recipient is in different state
d. None of the above