Certificate in Value Added Tax (VAT) /30 0 Your Examination is Complete !You will get your result in your email id within 10 days.kindly also email your 10th Marskheet and Aadhar Card copy at iisdtindia@gmail.com. Certificate in Value Added Tax (VAT) 1 / 30What is the period of service delivery if the payment is received within days of the date of the health system? The invoice’s date of issuance The time on which the provider is paid The date on which the service was rendered The earlier of (a) and (b) 2 / 30F10 is the short key for ……………….. Voucher Payment Memo Receipt Purchase 3 / 30The following items should be included in the supply value: Any non-GST taxes, levies, cesses, or fees levied by the supplier independently. Interest, late fees, or penalties for failure to pay any compensation for any shipment on time. Subsidies that are directly proportional to the price, except subsidies granted by the federal and provincial governments. All of the above. 4 / 30When a provider opts for the component levy within Article 10 of its CGST Act, 2017, when is the date of delivery of goods? The invoice’s date of issuance Date on which the provider receives payment Synthesis of (a) and (b) The earlier of (a) and (b) 5 / 30The term time of provision refers The point at which the GST gets compensated by the products or service provider. The moment at which GST would be paid after the seller of services and goods has taken input credit. The moment at which products are judged to have been produced or services are assessed to have been rendered The date on which a provider of services and goods files a GST return. 6 / 30Which one of the below will not be added to supply value? GST Interest Late fee Commission 7 / 30When a provider is obligated to pay tax under the advance charge and the bill does not become given within the specified timeframe under section 31(2), when is the delivery time of services? The invoice’s date of issuance The date on which the services will be completed Date of the deposit slip The day the service is completed or when profit is earned, whichever comes first. 8 / 30Which one of the below taxes is included in the GST? Central sales tax Central excise duty VAT All of the above 9 / 30When may the value of the transaction get discounted from the supplying value calculation? When the parties to a contract are connected, price isn’t the only factor to consider. When the parties to the contract are linked or when affordability is not the only factor. It could not be turned down. When the items are sold with relatively little gross margins. 10 / 30What is the estimated delivery time for service imports? The date on which the services were entered into the recipient’s books of account. Payment due date. Both (a) or (b) (b) or (c), whichever date is earlier. 11 / 30The term total revenue would not include the following items: Inward deliveries that are taxed on an effective payment basis Exempt supplies Export of goods or services or both Persons with the very same PAN address supplying across state lines 12 / 30The home screen of tally is also known as Menu bar Gate way of tally Accounts info Button tool bar 13 / 30What reductions from the transaction cost are permitted? Customer discounts, subject to terms and restrictions. Packing Fees, subject to terms and restrictions. Amount paid on the authority of the provider by the customer, subject to requirements. Freight expenses are borne by the provider in connection with CIF response to demand, subject to certain restrictions. 14 / 30The following is the value of service under Article 15(1): Wholesale cost Market price Retail price maximum. The amount of the transaction 15 / 30Sales return are recorded in ………………. Voucher Sales voucher Debit note Receipt Credit note 16 / 30A supplier that consists of two or even more services would be classified as the provision that describes the variables that are subject to a higher rate of taxation. Composite Mixed Both (a) and (b) None of the above 17 / 30When resources are acquired from an affiliated firm situated beyond India, what would be the timing of service delivery? The date on which the services were entered into the recipient’s accounting record. Payment due date The earlier of (a) and (b) The date on which the services were entered into the customer’s records. 18 / 30Which of the below are GST’s advantages? Establishment of a single national market Strengthening the ‘Make in India’ program Lessening the burden of conformity on taxpayers Increase in government revenue 19 / 30GST stands for Goods and Services Tax, and it is a tax system that covers a wide range of Goods Services Goods, companies and imports Products, systems, and exports 20 / 30The short key for company creation is ……………… alt+f2 Ctrl+f2 alt+f3 ctrl+f3 21 / 30In the event of an advance charge, how long does it take for products to be delivered? The invoice’s period of issuance The invoice must be issued by the due date. Date on which the provider receives payment The earlier of (a) and (b) 22 / 30What is the timing of voucher provision when the supply may be traced back to the voucher? The date on which the voucher could be issued The date on which the coupon must be redeemed Earlier of (a) and (b) whichever of (a) and (b) comes first 23 / 30The highest CGST rate legally permitted for intrastate supplies is….. 18% 40 20% 28%+cess 24 / 30When the administration of certificates concerning the coupon is not recognizable, what is the supply period? The date on which the voucher was issued The date on which the coupon must be redeemed Earlier of (a) and (b) whichever of (a) and (b) comes first 25 / 30What below would be included in the description of “Goods” under article 2(52) of the CGST Act, 2017? Money Actionable claim Security Growing crops 26 / 30Erp stands for Enterprise resource planning Economic resource planning Efficient resource planning Economic resource processing 27 / 30GST is imposed on the production of all services and goods, except….. Liquor intended for human ingestion Tobacco Health care service All of the above. 28 / 30The products & services networking (GSTN) performs the following activities… Facilitating registration Returning the package to the federal and state governments. GST calculation and settlement All of the above 29 / 30Which one of the following items is included in the transaction cost? GST compensation surcharge Payments were made by the receiver on behalf of the provider to third parties in connection with the supply A municipal government-imposed entertainment tax Fees paid to a representative and recouped from the beneficiary 30 / 30IGST is billed as soon as the stock is …….. Federal Intra- UT Intra-state All of the above Exit
