MCQ Portal

(i) GST is a __________________ based tax.

Territory Origin Destination None of the above

(ii) A new supplier with taxable intra-State sales, exempt intra-State sales, and export sales of goods should register under GST if:

The aggregate value of taxable intra-State goods exceeds ₹20 lakhs. The aggregate value of taxable and exempt intra-State goods exceeds ₹20 lakhs. The aggregate value of all three items exceeds ₹20 lakhs. The aggregate value of taxable intra-State goods and export sales exceeds ₹20 lakhs.

(iii) Which of the following qualifies as an intra-State supply?

Goods sent from Delhi to another dealer in Delhi. Goods sent from Delhi to an SEZ in Noida, Uttar Pradesh. Goods sent from Delhi to the Chandigarh branch (Haryana) of the same supplier. None of the above

(iv) A casual taxable person must obtain registration if they make:

Taxable inter-State supply. Taxable inter-State or intra-State supply. Taxable inter-State or intra-State supply with a value exceeding ₹20 lakhs. None of the above situations.

(v) Subbu, a registered supplier based in Erode, conducted staff training for a software company in Hyderabad, which is also registered. The classes were held in Erode. What is the place of supply?

As mutually agreed upon. As decided by the Department, whichever is more favourable to them. Hyderabad. Bengaluru.

(vi) The Authority may declare an advance ruling void if it was obtained by an applicant/appellant through:

Fraud. Suppression of facts. Misrepresentation of facts. Any of the above.

(vii) For the year 2017-18, the due date for filing the annual return is 31st December 2018. The books and records for 2017-18 must be maintained until:

31st March 2024. 31st December 2024. 31st December 2026. 31st March 2034.

What is the amount of pre-deposit required under the Customs Act, 1962 for filing an appeal before the Commissioner (Appeals)?

5% of the demand, subject to a maximum of ₹5 crore. 5% of the demand, subject to a maximum of ₹7.5 crore. 7.5% of the demand, subject to a maximum of ₹7.5 crore. 7.5% of the demand, subject to a maximum of ₹10 crore.

If a person of Indian origin stays abroad for 36 months and returns to India on 21st January 2017, what is the GFA for used household articles (Baggage)?

₹1 lakh. ₹3 lakh. ₹5 lakh. None of the above.

What is the anti-dumping duty payable by a SEZ in respect of an import?

Nil. 5% of the customs duty. 7.5% of the customs duty. 10% of the customs duty.

June 2018 IDT Paper

The Number of MCQs are limited as per ICMAI Past Paper in Syllabus 2016