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Indirect TAX Part 1

1. In relation to Excise Duty form AR-1 is to be submitted for clearing goods under
A. Physical Control System
B. Self Control System
C. Both (a) and (b)
D. None of the above

2. An event management company charged Rs.50,000 from his client for the services rendered by him. The amount of Service Tax
(including education cess) to be levied is
A. Rs.4,000
B. Rs.5,000
C. Rs.6,000
D. Rs.5,100

3. The taxable event under Central Excise law is


A. Manufacture of excisable goods
B. Sale of excisable goods
C. Removal of goods from factory
D. Whichever is later

4. PLA stands for


A. Personalised Ledger Account
B. Personal Ledger Account
C. Privilege Leave Allowed
D. Personal Ledger Amount

5. The annual turnover of a SSI unit (under non-CENVAT SCHEME) is Rs.60 Lakhs. The amount of duty payable by him is
A. Rs.36 Lakhs
B. Rs.36,000
C. Rs.24 Lakhs
D. None of the above

6. Remission of excise duty can be applied for in case of destruction of goods by


A. Natural causes
B. Unavoidable accident
C. Both of the above
D. None of the above

7. Total number of services brought under Service Tax net through Finance Act, 2005 is 10.
A. True
B. False

8. In relation to Excise Duty, under Physical Control System, goods can be removed on any day, at any time.
A. True
B. False

9. The New ECC of a registered excise dealer having PAN IAVSG2356X is IAVSG2356X XD 001.
A. True
B. False

10. Input credit of Service Tax can be availed only if the final service is of the same category as that of the input service.
A. True
B. False

11. A manufacturer may be exempted from payment of excise duty if he proves that the goods are unfit for consumption.
A. True
B. False

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Indirect TAX Part 1
12. The registration certificate obtained from excise authorities is to be exhibited at the registered premises.
A. True
B. False

13. Return of Service Tax is to be furnished to be to the Superintendent of ______________ in Form ______________.
A. Service Tax, ST-3
B. Central Excise, ST-3
C. Service Tax, TR-6
D. Central Excise, TR-6

14. An appeal to the Apellate Tribunal, in connection with Service Tax, has to be made within ___________ with a fee of ______________.
A. 3 Months, Rs.200
B. 3 Months, Rs.50
C. 2 Months, Rs.200
D. 1 Month, Rs.200

15. SSI units availing CENVAT can clear their goods upto Rs. 1 Crore @ ____________of tariff duty.
A. 10%
B. 25%
C. 50%
D. 60%

16. In a financial year, turnover of upto _________________ is exempted from payment of Central Excise duty.
A. Rs.50 lakhs
B. Rs.1 Crore
C. Rs.2 Crore
D. None of the above

17. Service Tax is administered by


A. Central Excise Commissionerate
B. Service Tax Commissionerate
C. CBDT
D. None of the above

18. The Central Excise law is administered by


A. Central Board of Indirect Taxes
B. Central Board of Excise and Customs
C. Central Board of Excise Duty
D. Central Government

19. In case the factories of a manufacturer, covered by Central Excise law, falls under different Commissionerates, New ECC will
be issued by
A. Director General of Inspection
B. Commissionerate Headquarter
C. Deputy Commissioner
D. None of the above

20. STC stands for


A. Sales Tax Code
B. Service Tax Code
C. Service Transaction Code
D. Service Trader Code

21. Registration formality has been exempted by CBE&C in case of


A. SSI units availing slab exemption
B. Jobworker, if duty liability is paid by principal employer
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Indirect TAX Part 1
C. 100% EOU
D. All of the above

22. In relation to Excise Duty, fresh application for registration has to be made for an already registered concern, in case of
A. Death of a director of a limited company
B. Death of a partner of a partnership firm
C. Death of an individual manufacturer
D. Both (b) and (c)

23. Service Tax is levied by the Central Government


A. True
B. False

24. A person manufacturing excisable goods with "nil rate" of Excise Duty does not have to apply for registration.
A. True
B. False

25. Service Tax has to be paid on any advance amount received from the client prior to raising any bill for the service rendered.
A. True
B. False

26. Excise related records cannot be maintained on computer hard disks.


A. True
B. False

27. Excise Duty is payable at the time of completion of manufacture of goods.


A. True
B. False

28. Form ST-3, in connection with Service Tax, is to be filed on half-yearly basis.
A. True
B. False

29. In relation to central Excise, under Physical Control System, goods can be removed on any day, at any time.
A. True
B. False

30. In case of non-payment of excise duty, interest is to be paid @ ____________on the amount of unpaid duty, or, _________ per day,
whichever is higher.
A. 15%, Rs.1000
B. 24%, Rs.1,000
C. 24%, Rs.500
D. 15%, Rs.500

31. Excise Duty is to be paid through ________________ challan.


A. TR - 6
B. TR - 3
C. ST - 6
D. ST - 3

32. The time limit for sending back manufactured goods by job-worker to the principal manufacturer is ______________ days.
A. 6 Months
B. 180 Days
C. 1 Year
D. None of the above

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Indirect TAX Part 1
33. The claim for refund of excess Service Tax paid has to be made within _______________ from the date of payment of excess tax.
A. 3 Months
B. 6 Months
C. 1 Year
D. None of the above

34. A SSI unit opting for non-CENVAT facility has to pay duty after crossing turnover of ____________ at full rate of tariff duty.
A. Rs.1 Crore
B. Rs. 50,000
C. Rs.25,000
D. Rs.5,000

35. In India service tax had been levied on the recomendation of


A. Tax Reforms Commitee
B. Ministry of Finance
C. CBDT
D. Revinue Minister

36. The basic objective of service tax is


A. Broadening the tax base
B. Augmentation of Revenue
C. Larger participation of citizens in the economic development of the nation .
D. All of the above.

37. The concept of service tax was introduced in India , in the year
A. 1994-95
B. 2000-01
C. 2004-05
D. None of them.

38. Service tax is payble on service even if provided is abrod


A. True
B. False

39. There is no service tax on


A. sale of service
B. export of service
C. Both of the above
D. None of the above

40. Service tax is administrated by


A. Central excise commissionerates
B. Service tax commissionerates
C. CBDT
D. None of the above

41. In case of centralised billing system only one application is required in respect of all the premises for registration under
service tax.
A. True
B. False

42. Service tax is an example of


A. Direct Tax
B. Indirect Tax
C. Mixed Tax
D. None of the above
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Indirect TAX Part 1
43. In case of service tax all appeals , relating to matters of valuation & classification , against order of Tribunnal lies with the
A. Supreme Court
B. High Court
C. District Court
D. None of the above

44. In case of excise dutty the duplicate copy of invoice is for the
A. Buyer
B. Transporter
C. Assessce
D. None of the above

45. There is a provision of remission of Excise duty in case of destruction of goods by natural causes only.
A. True
B. False

46. In case of removal of goods to be destroyed under supervision of Central Excise Officer, the invoice should indicate
A. Zero' duty
B. Nil' duty
C. Exempted
D. No' Duty

47. SSI unit stands for


A. Small Sale Industries Unit
B. Small Scale Industrial Unit
C. Same Scale Industrial Unit
D. None of the above

48. The Registration Certificate is issued within _______________________ days of receipt of application at the Excise Office.
A. 5
B. 7
C. 15
D. 30

49. The Document to be enclosed with the application for registration under Excise Rules is / are
A. Ground Plan
B. Rent Receipt / Document of ownership
C. Articles of Association
D. All of the above

50. A 100% Export Eriented Undertaking is exempted from obtaining registration.


A. True
B. False

Answer Sheet

1. A

2. D

3. A

4. B

5. D

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Indirect TAX Part 1
6. C

7. B

8. B

9. A

10. B

11. A

12. A

13. B

14. A

15. D

16. B

17. A

18. B

19. A

20. B

21. D

22. C

23. A

24. A

25. B

26. B

27. B

28. A

29. B

30. B

31. A

32. B

33. C

34. A

35. A

36. D

37. A

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Indirect TAX Part 1
38. A

39. B

40. A

41. A

42. B

43. A

44. B

45. B

46. B

47. B

48. B

49. D

50. A

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