GST MCQ Questions and Solutions with Explanations | Commerce

A. Monthly return filed by the supplier

B. Outward supply filed by the supplier

C. Invoices maintained by the supplier

D. None of the above

A. It shall be added as output tax liability in the hands of receiver.

B. It shall be reduced as output tax liability in the hands of receiver.

C. It shall be increased as input tax credit in the hands of receiver.

D. It shall be deceased as input tax credit in the hands of supplier.

A. Payment of Interest

B. Payment of penalty

C. Payment of Fine

D. Payment of Taxes

A. Every supplier

B. Every taxable person

C. Registered persons not paying tax under composition scheme

D. All the above

A. Exempted supplies

B. Supplies by composition suppliers;

C. Supplies to unregistered persons;

D. None of the above.

A. At the time of removal of goods.

B. On transfer of risks and rewards of the goods to the recipient;

C. On receipt of payment for the supply;

D. Earliest of the above dates.

A. Yes, in the form of a proforma invoice;

B. Yes, as a receipt voucher.

C. Yes, the invoice must be raised to that extent;

D. None of the above

A. The goods must be notified by the Commissioner in this behalf;

B. The contract for supply lasts for a minimum period of 3 months;

C. The supply is made by means of a wire, cable, pipeline or other conduit;

D. Supplier invoices the recipient on a regular or periodic basis.

A. The supplier fails to issue an invoice

B. The supplier is unregistered

C. The goods or services received notified for tax on reverse charge basis

D. All of the above

A. while sending the goods; another Invoice has to be issued by the recipient while rejecting the goods;

B. while sending the goods but the recipient can take credit only when the goods are accepted by him;

C. when the recipient accepts the goods or six months from the date of supply whichever isearlier.

D. when the recipient accepts the goods or three months from the date of supply whichever is earlier.