Gst can be collected by mcq
WebJan 27, 2024 · Government Budget and the Economy Class 12 MCQs Questions with Answers. Question 1. An annual statement of the estimated receipts and expenditure of the government over the fiscal year is known as. (A) Budget. (B) Income estimates. (C) Account. (D) Expenditure. Answer. Question 2. WebMar 8, 2024 · Goods and Service (GST) came into effect from 1 July 2024 through the implementation of the One Hundred and First Amendment of the Constitution. Additional Information Goods and Services Tax (GST) is an indirect tax (or consumption tax) used …
Gst can be collected by mcq
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WebCan opt for composition Cannot collect GST Can collect composite tax Cannot opt composition II 34 Supply of two or more taxable supplies naturally bundled and supplied is called _____ Mixed supply Composite supply Common supply Continuous supply Composite supply II 35 Letting out of the residential house is a ___ supply. Taxable … WebGST is based on the principle of value added tax. GST law emphasizes on voluntary compliance and on accounts based reporting and monitoring system. It is a comprehensive levy and envisages tax collection on both goods and services at the same rate. Internationally, GST was first introduced in France and now more than 160 countries …
WebUnder GST, IGST is a duty collected on all Inter-State supplies of products and additional benefits and will be administered by the IGST Act. IGST will be relevant on any stock of merchandise and additionally benefits in the two instances of import into India and … WebApr 14, 2024 · State the matters on which Advance Ruling can be sought under GST Law. State any four such matters as specified under the CGST Act, 2024. (June 2024, 4 marks) Answer: U/s 97(2) of the CGST Act, 2024 Advance Ruling can be sought for the following questions/matters/issues: Classification of any goods or services or both;
WebReverse Charge Mechanism under GST is a mechanism under which the usual cycle of tax payment is reversed. In the normal system, the recipient of goods will pay the value of the goods & relevant taxes on it to the supplier who then pays the GST to the Government. … WebApr 5, 2024 · Get Quantitative Research Multiple Choice Questions (MCQ Quiz) with answers and detailed solutions. Download these Free Quantitative Research MCQ Quiz Pdf and prepare for your upcoming exams Like Banking, SSC, Railway, UPSC, State PSC. ... It can be more complex to carry out. it may require more expertise to collect and …
WebApr 14, 2024 · GST practitioner can be authorised for purposes like furnishing of returns, claiming refund, etc. and also for representation purposes. ... Shall conduct investigations and collect necessary evidence and within 3 months of receipt of reference, submit a report of findings to the NAA ... CS Executive Financial and Strategic Management MCQ; CS ...
WebThe Goods and Services Tax (GST) is a circuitous government deals charge that is applied to the expense of specific labor and products. The business adds the GST to the cost of the item, and a client who purchases the item addresses the business cost comprehensive of the GST. The GST segment is gathered by the business or dealer and sent to the ... playeras qatar 2022WebApr 22, 2024 · GST is going to be collected at point of Sale. (b) GST will abolish all the direct tax levied in India. (c) It will be implemented from 1 July, 2024 throughout the country. (d) It will unified the ... playeras serigrafia monterreyWeb34. GST can be collected by a) Any registered dealer b) Any GST dealer c) Any service provider d) Any dealer 35. -- confers powers to Government of India to collect tax on intra-state supply of goods or services or both. a) UTGST Act b) IGST Act c) CGST Act d) … playeras pull and bearWebThe company includes GST to the cost of goods, and a buyer who purchases the goods pays the cost price with the GST. Given below are important MCQs on GST to analyse your understanding of the topic. The answers are also given for your reference. Goods and … playera spotifyWebApr 14, 2024 · Penalties Prescribed. (i) Ram collects ₹ 25,000 on account of GST from customers and failure to pay it to the credit of government beyond a period of three months from its due date. Penalty of ₹ 25,000 As per Section 122 (1) of Central Goods and Services Tax Act, 2024 prescribed following penalties: (a) INR 10,000/-or. playeras running hombreWebApr 14, 2024 · Answer: Integrated Goods and Services Tax (IGST) is charged on inter-state supply of goods or services or both and collected by Central Government under IGST Act, 2024. IGST rate is equal to CGST and SGST rates. Revenue from IGST apportions among Union and State Governments on the basis of recommendations of GST council. player assessment formWebAn unregistered person a) is allowed to collect GST b) is not allowed to collect GST c) is allowed to collect composite tax c) is allowed to collect reverse tax A consolidated invoice at the end of a month for supplies on which reverse charge is applicable is required when the aggregate value of such supplies exceeds a) Rs. 1,000 in a day b) Rs ... primary hypoparathyroidism bloods