Inter PN-7 Direct and Indirect Taxation Quiz 10

1. The value of imported goods shall be the ----

2. Customs Duty is not leviable in certain cases except:

3. Basic custom duty on exported goods is levied at the rates specified in the:

4. The safeguard duty imposed shall be in force for the period of -- from the date of its imposition and can be extended with the total period of levy not exceeding----

5. Customs duty in India is levied under which of the following legislations?

6. Date of receipt of payment means:

7. The amount available in electronic credit ledger cannot be used for payment of which of the following:

8. Determine the value of supply of Surya. Surya charged ₹60,000 for a supplier of Television to Kanak .He has received Subsidy directly linked to supply and received from a charitable Trust engaged in promotion of Television of ₹18,000

9. Mr. K of India imported certain taxable services from Mr. R of U.S.A. on 5.9.2025.Invoice is also issued by Mr.R on the same date, If payment is made by Mr. K on 5.10.2025 .Determine Time of Supply of Mr. K being the recipient of service liable to pay GST u/s. 5(3) of the IGST Act,2017.

10. Mr. X has done following transaction :sales of goods is ₹ 98,00,000 ,commission charged on foreign currency ₹ 15,000,sale of shares and securities ₹ 51,00,000. what will be the GST payble?

11. GSTIN stands for:

12. supply in course of export or supply from Domestic Tariff Area to special Economic Zone Unit/Developer are regarded as-

13. If the recipient fails to pay to the supplier of goods or services or both, other than the supplies on which tax is payable on reverse charge basis, the amount towards the value of supply along with tax payable thereon within a period of:

14. Under Reverse charge Mechanisum the time of supply as per CGST Act,2017 shall be-

15. To claim ITC on capital Goods is it mandatory to capitalise the capital goods in books of accounts

16. Defination of Input includes capital goods.

17. Liability to pay tax by the recipient of supply of goods or services is called

18. Two or more individual supplies of goods or services, or any combination thereof, made in conjunction with each other

19. Any goods other than capital goods used or intended to be used by a supplier in the course or furtherance of business is

20. The highest GST rate applicable now is ---

21. Zero rated supply includes:

22. On supply of OIDAR Services by a person located in taxable territory to a non-taxable online recipient. Who is liable to pay GST in this case?

23. Under GST law SAC refers to --

24. Goods and service tax is --

25. SGST is applicable when

26. As a result of constitution amendment for GST a Separate List --- has been inserted in the constitution.

27. GST was introduced in India with effect from:

28. P has taken a house on rent and sublets the same to Q.Income from such house property shall be taxable under the head:

29. What will be the treatment for the death of member of armed forces on theirs operational duties:

30. Any payment from agniveer corpus Fund to a person enrolled under the Agnipath scheme or to the nominee shall be:

31. Where an assessee fails to pay advance tax or defers the payment of advance tax on specified date,he shall be liable to pay interest under section:

32. If a payee eligible for commission exceeding ₹20,000 does not furnish his PAN to the payer,tax deductible at source at:

33. The municipal value of a property is ₹3,25,000; fair rent is₹2,11,000;standard rent is ₹2,00,00 and the actual rent is ₹3,55,000.The gross annual value of the property would be: