Top 50+ Solved Time of Supply MCQ Questions Answer
Q. Determine the TOS in accordance with provisions of CGST Act, 2017Date of actual supply of service - 10th Nov. 2019 Date of Invoice - 12th Dec. 2019 Date on which payment received - 30th April 2020
a. 10th Nov. 2019
b. 12th Dec. 2019
c. 30th April 2020
d. 10th Dec. 2019
Q. Determine the TOS in accordance with provisions of CGST Act, 2017Date of actual supply of service - 10th Nov. 2019 Date of Invoice - 22th Dec. 2019 Date on which payment received - 12th Dec. 2019
a. 10th Nov. 2019
b. 22th Dec. 2019
c. 12th De 2019
d. 10th Dec. 2019
Q. From the following information determine the reverse charge basis.Date of Invoice : 30-1-2019 Date of completion of service : 30-1-2019 Date of payment by recipient : 10-2-2019 Entry for receipt of service in recipient’s books : 12-2-2019
a. Date of Invoice : 30-1-2019
b. Date of payment by recipient : 10-2-2019
c. Entry for receipt of service in recipient’s books : 12-2-2019
d. None of the above
Q. If Supply of Services has ceased under a contract before the completion of supply:
a. Invoice has to be issued within 30 days from the date of cessation
b. Invoice has to be issued at the time of cessation to the extent of the supply effected
c. Invoice has to be issued for the full value of the contract after deducting a percentage thereof as prescribed
d. None of the above
Q. The tax invoice should be issued the date of supply of service.
a. Within 30 days from
b. Within 2 months from
c. Within 15 days from
d. On
Q. In case of taxable supply of services, invoice shall be issued within a period of from thedate of supply of service.
a. 30 day
b. 45 days
c. 60 days
d. 90 days
Q. In case of continuous supply of services, where due date of payment is ascertainable from the contract, invoice shall be issued
a. before or at the time when the supplier of service receives the payment
b. on or before the due date of payment
c. either (a) or (b)
d. none of the above
Q. In case of continuous supply of services, where due date of payment is not ascertainable from the contract, invoice shall be issued
a. before or at the time when the supplier of service receives the payment
b. on or before the due date of payment
c. either (a) or (b)
d. none of the above
Q. Minimum Service periods required to constitute a continuous supply of services with periodicpayment
a. Exceeding 6 month
b. 6 months
c. Exceeding 3 months
d. 3 months
Q. What is the time of supply of service in case of reverse charge mechanism?
a. Date of payment as entered in the books of account of the recipient
b. Date immediately following 60 days from the date of issue of invoice
c. Date of invoice
d. Earlier of (a) and (b)
Q. From the following information determine the TOS of goods where goods are taxed on reversecharge basis Date of issue of invoice by the supplier - 30th Nov. 2019 Date of receipt of goods - 30th Nov. 2019 Date of payment by the recipient - 10th Dec. 2019 Entry of receipt of services in the recipient’s BOA - 12th Dec. 2019
a. 30th Nov. 2019
b. 10th Dec. 2019
c. 12th De 2019
d. 30th Dec. 2019
Q. From the following information determine the reverse charge basis. Date of Invoice : 30-1-2019 Date of completion of service : 30-1-2019 Date of payment by recipient : 15-1-2019 Entry for receipt of service in recipient’s books : 30-1-2019
a. Date of Invoice : 30-1-2019
b. Date of payment by recipient : 15-1-2019
c. Either of the above
d. None of the above
Q. What is the time of supply of service in case an associated enterprise receives services from theservice provider located outside India?
a. Date of entry in the books of account of associated enterprise (recipient)
b. Date of payment
c. Earlier of (a) and (b)
d. Date of entry in the books of the supplier of service
Q. A Ltd. is located in India and W Ltd. located in USA are associated enterprises (as A Ltd. holds 51% of the 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. 2019 Date on which invoice is sent by W Ltd. - 19th Dec. 2019 Date of entry in the Books of Account of A Ltd. - 30th Dec. 2019 Date on which payment is made by A Ltd. - 23rd March 2020
a. 16th Dec. 2019
b. 19th Dec. 2019
c. 30th De 2019
d. 23rd March 2020