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MCQs

Total Questions : 274 | Page 1 of 28 pages
Question 1. The books and other records U/S 35 are to be maintained at
  1.    Place where the books and accounts are maintained
  2.    Place of address of the Proprietor/ Partner/Director/Principal Officer
  3.    Principal place of business mentioned in the Certificate of Registration
  4.    Any of the above
 Discuss Question
Answer: Option C. -> Principal place of business mentioned in the Certificate of Registration
Question 2. Accounts are required to be maintained in
  1.    Manual form
  2.    Electronic form
  3.    Manual and electronic form
  4.    Manual or electronic form
 Discuss Question
Answer: Option D. -> Manual or electronic form
Question 3. Can all the records be maintained in an electronic form?
  1.    Yes
  2.    Only if authenticated by digital signature
  3.    Few records
  4.    No
 Discuss Question
Answer: Option B. -> Only if authenticated by digital signature
Question 4. First Return filed under GST is
  1.    GSTR-1
  2.    GSTR-3A
  3.    GSTR-2
  4.    GSTR-3B
  5.    GSTR-4
 Discuss Question
Answer: Option D. -> GSTR-3B
Question 5. The details of outward supplies of goods or services shall be submitted by
  1.    10th of the succeeding month
  2.    18th of the succeeding month
  3.    15th of the succeeding month
  4.    20th of the succeeding month
 Discuss Question
Answer: Option A. -> 10th of the succeeding month
Question 6. Every registered taxable person shall be entitled to take credit of input tax in his return and such input tax credit shall be credited to
  1.    Personal Ledger Account
  2.    Refund account
  3.    Electronic Cash Ledger
  4.    Electronic Credit Ledger
 Discuss Question
Answer: Option D. -> Electronic Credit Ledger
Question 7. Any registered taxable person who fails to furnish the details and file the return within the due date prescribed shall be liable to
  1.    Interest at the rate of 1% per month
  2.    Late fee of Rs. 100 for every day up to Rs. 5000
  3.    Both (a) and (b)
  4.    None of the above
 Discuss Question
Answer: Option B. -> Late fee of Rs. 100 for every day up to Rs. 5000
Question 8. Which of these registers/ledgers are maintained online?
  1.    Tax liability register
  2.    Credit ledger
  3.    Cash ledger
  4.    All of them
 Discuss Question
Answer: Option D. -> All of them
Question 9. Balance in electronic credit ledger can be utilized against which liability?
  1.    Output tax payable
  2.    Interest payable
  3.    Penalty
  4.    All of above
 Discuss Question
Answer: Option A. -> Output tax payable
Question 10. Payment made through challan will be credited to which registers/ledgers?
  1.    Electronic Tax liability register
  2.    Electronic Credit ledger
  3.    Electronic Cash ledger
  4.    All of them
 Discuss Question
Answer: Option C. -> Electronic Cash ledger

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