Quiz Contest - 2 (Service Tax)

9 Questions | By Rajasahab | Last updated: Mar 20, 2022 | Total Attempts: 513

Questions

Settings

Create your own Quiz

; &nbs p; &nb sp; "PLAY AND LEARN" ; &nbs p; &nb sp; &n bsp;

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