Quiz Contest - 6 (Service Tax)
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- 1.
SECTION .................... , OF THE FINANCE ACT, 1994 IMPOSES SERVICES TAX ON SERVICES SPECIFIED UNDER THE SUB-CLAUSES OF SECTION 65(105)
- A.
63
- B.
64
- C.
65
- D.
66
- E.
67
Correct Answer
D. 66 -
- 2.
THE AMOUNT OF SERVICE TAX IS CALCULATED ON THE BASIS OF VALUE DETERMINED UNDER SECTION .........., OF THE ACT.
- A.
65
- B.
67
- C.
68
- D.
69
Correct Answer
B. 67 -
- 3.
WHAT IS REVERSE CHARGE?
- A.
WHEN TAX IS REFUNDED TO THE PAYER OF SERVICE TAX.
- B.
WHEN SERVICE PROVIDER IS LIABLE TO PAY SERVICE TAX.
- C.
WHEN SERVICE RECEIVER IS LIABLE TO PAY SERVICE TAX.
- D.
NONE OF THESE
Correct Answer
C. WHEN SERVICE RECEIVER IS LIABLE TO PAY SERVICE TAX. -
- 4.
WHICH OF THE FOLLOWING SERVICES ARE COVERED UNDER REVERSE CHARGE?
- A.
SERVICE RECEIVED IN INDIA FROM A PLACE OR PERSON OUTSIDE INDIA
- B.
INSURANCE AUXILIARIES AND MUTUAL FUND SERVICES
- C.
TRANSPORT OF GOODS BY ROAD (GOODS TRANSPORT AGENCY)
- D.
SPONSORSHIP SERVICES
- E.
ALL OF THE ABOVE
Correct Answer
E. ALL OF THE ABOVE -
- 5.
SECTION 68 SPEAKS:-
- A.
1. EVERY PERSON PROVIDING TAXABLE SERVICE IS LIABLE TO PAY SERVICE TAX. 2. REVERSE CHARGE
- B.
1. EVERY PERSON RECEIVING TAXABLE SERVICE IS LIABLE TO PAY SERVICE TAX. 2.REVERSE CHARGE
- C.
NONE OF THESE
Correct Answer
A. 1. EVERY PERSON PROVIDING TAXABLE SERVICE IS LIABLE TO PAY SERVICE TAX. 2. REVERSE CHARGE -
- 6.
IN CASE OF AN INDIVIDUAL OR PARTNERSHIP FIRM, THE SERVICE TAX SHALL BE PAID BY THE .........., OF THE MONTH FOLLOWING THE ................ , IN WHICH PAYMENT IS RECEIVED.
- A.
5th , QUARTER
- B.
6th QUARTER
- C.
5th, MONTH
- D.
6th, MONTH
- E.
NONE OF THESE
Correct Answer
A. 5th , QUARTER -
- 7.
IF THE PAYMENT IS MADE OTHER THAN INDIVIDUAL AND FIRM THEN WHAT IS THE DUE DATE FOR PAYMENT OF SERVICE TAX?
- A.
5th OF THE MONTH FOLLOWING THE CALENDER MONTH IN WHICH THE PAYMENT IS RECEIVED
- B.
5th OF THE MONTH FOLLOWING THE QUARTER IN WHICH THE PAYMENT IS RECEIVED
- C.
6th OF THE MONTH FOLLOWING THE CALENDER MONTH IN WHICH THE PAYMENT IS RECEIVED
- D.
NONE OF THESE
Correct Answer
A. 5th OF THE MONTH FOLLOWING THE CALENDER MONTH IN WHICH THE PAYMENT IS RECEIVED -
- 8.
IF PAYMENT IS MADE ELECTRONICALLY THEN WHAT IS DUE DATE?
- A.
6th ON THE PLACE OF 5th
- B.
5th ON THE PLACE OF 6th
- C.
NONE OF THESE
Correct Answer
A. 6th ON THE PLACE OF 5th -
- 9.
THE SERVICE TAX ON THE AMOUNT RECEIVED DURING MARCH, OR THE QUARTER ENDING IN MARCH, SHALL BE PAID BY THE .................
- A.
31st MARCH
- B.
1 APRIL
- C.
31st APRIL
- D.
NONE OF THESE
Correct Answer
A. 31st MARCH -
- 10.
WHO IS LIABLE TO DEPOSIT SERVICE TAX THROUGH INTERNET BANKING?
- A.
THE ASSESSEE, WHO HAS PAID SERVICE TAX OF Rs. 50 LAKH OR ABOVE IN THE PRECEDING FINANCIAL YEAR
- B.
THE ASSESSEE, WHO HAS ALREADY PAID SERVICE TAX OF Rs. 50 LAKH OR ABOVE IN THE CURRENT FINANCIAL YEAR
- C.
IF ASSESSEE SATISFY ANY ONE OF THE ABOVE TWO OR BOTH
- D.
NONE OF THESE
Correct Answer
C. IF ASSESSEE SATISFY ANY ONE OF THE ABOVE TWO OR BOTH -
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Mar 22, 2022Quiz Edited by
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Mar 11, 2010Quiz Created by
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