1. Transactions made on advance paid to party on reverse charge mechanism will capture in which of the following GST forms?

2. It is not mandatory to quote Tax deduction and collection account number (TAN) in TDS return.

3. Taxable value is the value of goods/services after deducting tax.

4. Under GST regime, the taxable person carrying on interstate supplies is mandatory to register under GST.

5. In Tally ERP 9, if the Tax rate is defined in both company level and stock level, then Tally EPR 9 will override stock item level and consider the company level configuration for GST calculation.

6. E-commerce operator has to collect tax at source on supplies on which tax is paid by the operator.

7. Select the correct match for the following:
1. Structure of TAN
2. Structure of PAN
3. In TDS, Deductee is the
4. In TDS, Deductor is the
a. Seller
b. Buyer
c. ABCD12345P
d. PQRST1234P

8. It is not possible to change the PAN number once it is allotted.

9. Aalmach machinery sold computers with applicable GST rate @12% to Classic marketing, Karnataka for 2,00,000. He charged installation services with applicable GST rate @5% at 5,000. What is the GST rate considered of tax in case of composite supply?

10. If the GST rates are configured in both ledger level and stock item level then Tally ERP 9 will consider stock item levels for GST calculation.

11. A person has Central Tax credit of 10,000, State Tax credit of 5,000. Central Tax liability is 15,000. What is the amount of Central Tax to be paid after adjusting credit?

12. A first stage dealer can carry forward the excise duty as Input Tax Credit to GST.

13. Under GST regime, the taxable person carrying on interstate supplies is mandatory to register under GST.

14. Ganesh enterprises Pvt. Ltd. pays interest of 1,00,000 to Pradeep, a minor. TDS certificate will be issued in the name of Pradeep.

15. If The GST rate are configred in both ledger level and ledger group level, then Tally EPR 9 will consider ledger level configuration for GST calculation.

16. Abbreviation of PAN is —–.

17. A first stage dealer can carry forward the excise duty as Input Tax Credit to GST.

18. Ms. Pavithra paid advance amount of 2,50,000 to Ravi contractors. TDS is applicable for the advance payment.

19. Match the GST registration type with the right threshold limit:
1. Regular registration
2. Regular registration (special category states)
3. Composition registration
4. Composition registration (special category states)
A.75 lakhs
B. 20 lakhs
C. 10 lakhs
D. 1.5 cr.

20. In Tally ERP 9 if the GST rate is configured in the following levels such as stock item, stock group, ledger, ledger group and company level then which rate will Tally pick for calculation.

21. Sunrise Corporation is a Gujarat based company registered with GST, the company made an outward supply to an interstate party in Goa, which of the following duties will be charged for this transactions?

22. A composition dealer must pay tax under GST.

23. Under GST regime, the taxable person carrying on interstate supplies is not mandatory to register under GST.

24. A first stage dealer can carry forward the excise duty as Input Tax Credit to GST.

25. PAN enables the department to link all the transactions of the —– with the department.

26. It is not mandatory to quote Tax deduction and collection account number (TAN) in TDS return.

27. Which of following taxes is applicable on Intra-State (within State) GST transaction?

28. Which of the following statements is true?

29. Match the GST registration type with the right threshold limit:
1. Regular registration
2. Regular registration (special category states)
3. Composition registration
4. Composition registration (special category states)
a.75 lakhs
b. 20 lakhs
c. 10 lakhs
d. 1.5 cr.

30. In the bill of supply the GST rates has to be entered for Exempted Goods of Services.

31. In Tally ERP 9, after recording the sales transaction against advance receipt, the recorded transaction will move from ‘Tax Liability on Advances’ field to ‘B2B invoices’ in the Form —–.

32. Sales transactions recorded in Tally ERP 9 with wrong GSTIN/UIN number structure will be captured under —– in GSTR-1.

33. Tax Deduction and Collection account number (TAN) is a 10 digit alpha-numeric number.

34. In the bill of supply the GST rates has to be entered for Exempted Goods of Services.

35. Tally ERP 9 has a provision to define GST rates based on the slab rate or price range.

36. In Tally ERP 9 if the GST rate is configured in the following levels such as stock item, stock group, ledger, ledger group and company level then which rate will Tally pick for calculation.

37. What is the maximum amount of Income Tax exemption allowed for the Conveyance allowance per month?

38. Ganesh enterprises Pvt. Ltd. pays interest of 1,00,000 to Pradeep, a minor. TDS certificate will be issued in the name of Pradeep.

39. Tax Deducted at Source (TDS) concept was introduced in the year —– of the income Tax Act.

40. In Tally ERP 9, the HSN/SAC details cannot be entered in —–.

41. Which of the following is the correct statement for Goods and Services Tax?

42. Shree Additives P&F Ltd. supplied goods interstate worth 25,000 to Shiv packaging with labor charges of 1,000. If the Intergrated Tax rate is 12%, what is the total GST charged in invoice adding the additional expenses?

43. Mr. Swasthik pays rent of 40,000 p.a to Government for his office. TDS is applicable on ‘rent paid to government’ in this case

44. Bill of supply cannot be issued by a registered dealer for supply of exempted goods and services under GST.

45. Under Income Tax, the maximum amount of deduction for 80C + 80CCC + 80CCD (1) is 1,00,000.

46. Which of following taxes is applicable on Intra-State (within State) GST transaction?

47. In Catering services and advertising services has different SAC ‘s. In Tally ERP 9, GST details for castering services and advertising needs to be defined at the —– level.

48. On 2nd aug. 2017, Kodagu enterprises Bengaluru (Karnataka) rendered support services worth 25,000 to CHM rubber industries (Kerala), with GST@18%. On 5th aug. 2017, CHM rubber industries cancelled support services as Kodagu enterprises failed to provide the services as per the terms & conditions of the contract amounted 20,000 with GST@18%. What is the pending amount receivable from CHM rubber industries?

49. Super Cars Pvt. Ltd. registered place of business is in Bangalore (Karnataka). It imports cars from a supplier, whose registered place of business is in Germany. The charge of Tax on this supply is —–.

50. Which of following taxes has not being subsumed under Central Level in GST?

51. Transactions recorded in Tally ERP 9 on cancellation of intrastate inward supplies of service with GST in captured in the Form—–.

52. Select the correct match for the following:
1. Structure of TAN
2. Structure of PAN
3. In TDS, Deductee is the
4. In TDS, Deductor is the
a. Seller
b. Buyer
c. ABCD12345P
d. PQRST1234P

53. What is the taxable event under GST?

54. Under goods and service Tax regime, Integrated Tax is applicable on intrastate taxable supply.

55. In Tally ERP 9, after recording the sales transaction against advance receipt, the recorded transaction will move from ‘Tax Liability on Advances’ field to ‘B2B invoices’ in the Form —–.

56. As per Form ST-3 of June 2017, NIKE enterprises had a closing CENVAT (servise tax input credit) balance of 1,50,000 in Tally ERP 9. The CENVAT credit will be transferred to —– credit under GST.

57. In Tally ERP 9, we cannot define state wise MRP rates for the stock item.