Quiz Contest - 2 (Service Tax)

9 Questions | Total Attempts: 513

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Quiz Contest - 2 (Service Tax) - Quiz

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Questions and Answers
  • 1. 
    IN WHICH YEAR WAS THE SERVICE TAX IMPOSED FOR FIRST TIME IN INDIA?
    • A. 

      1993-94

    • B. 

      1994-95

    • C. 

      1995-96

    • D. 

      1996-97

  • 2. 
    THE SERVICE TAX IS NOW AT ........ % WITH EDUCATION CESS AND SECONDARY AND HIGHER EDUCATION CESS @ 2% AND 1%  RESPECTIVELY.
  • 3. 
    SERVICE TAX IS INDIRECT TAX ,BECAUSE THE BURDEN OF SERVICE TAX CAN BE PASSED ON TO THE CUSTOMER.IS THIS STATEMENT TRUE OR FALSE:-
    • A. 

      TRUE

    • B. 

      FALSE

  • 4. 
    IS THERE ANY SEPARATE ENACTMENT FOR THE LEVY OF SERVICE TAX?
    • A. 

      YES

    • B. 

      NO

  • 5. 
    SERVICE TAX IS LEVIED UNDER UNION GOVERNMENT'S POWER TO TAX VIA ....................................
    • A. 

      ENTRY NO. 92 OF LIST 1 OF SCHEDULE Vll OF CONSTITUTION OF INDIA.

    • B. 

      ENTRY NO. 92c OF LIST 1OF SCHEDULE Vl OF CONSTITUTION OF INDIA.

    • C. 

      ENTRY NO. 94 OF LIST 1 OF SCHEDULE Vl OF CONSTITUTION OF INDIA.

    • D. 

      ENTRY NO. 92c OF LIST 1 OF SCHEDULE Vll OF CONSTITUTION OF INDIA.

  • 6. 
    What is the relevance of Finance Act, 1994 in case of Service Tax in India?
    • A. 

      Sections 64 to 94 of chapter V and VA of the Finance Act, 1994 provides for the legal basis for the levy and collection of S.T. IN INDIA.

    • B. 

      Sections 64 to 96 of chapter Vl and VA of the Finance Act, 1994 provides for the legal basis for the levy and collection of S.T. IN INDIA.

    • C. 

      Sections 64 to 94 of chapter Vl and VA of the Finance Act, 1994 provides for the legal basis for the levy and collection of S.T. IN INDIA.

    • D. 

      Sections 64 to 96 of chapter V and VA of the Finance Act, 1994 provides for the legal basis for the levy and collection of S.T. IN INDIA.

  • 7. 
    ON WHICH DATE SERVICE TAX WERE BROUGHT INTO FORCE IN INDIA?
    • A. 

      W.e.f. JULY 01, 1994

    • B. 

      W.e.f. JUNE 01, 1994

    • C. 

      W.e.f. APRIL01, 1994

    • D. 

      W.e.f. SEPT. 01, 1994

  • 8. 
    ARTICLE ............. OF THE CONSTITUTION LAYS DOWN THAT NO TAX SHALL BE LEVIED OR COLLECTED EXCEPT BY THE AUTHORITY OF LAW.
  • 9. 
    SCHEDULE Vll DESCRIBE ABOUT THE AUTHORITY OF LAW.WHICH ONE IS DESCRIBED AS THE AUTHORITY OF LAW AMONG THE FOLLOWING:-
    • A. 

      UNION LIST(ONLY CENTRAL GOV. HAS POWER OF LEGISLATION)

    • B. 

      STATE LIST(ONLY STATE GOVT. HAS POWER OF LEGISLATION)

    • C. 

      CONCURRENT LIST(BOTH CENTRAL AND STATE GOV. CAN PAS LEGISLATION)

    • D. 

      ALL OF THE ABOVE MENTIONED AUTHORITY

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