Quiz Contest - 4 (Service Tax)
7 Questions
| Attempts: 49
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Questions and Answers
- 1.
CLASSIFICATION OF TAXABLE SERVICES IS DETERMINED BY THE SUB CLAUSES OF
- A.
CLAUSE (105) OF SECTION 65 OF THE FINANCE ACT
- B.
CLAUSE (105) OF SECTION 65A OF THE FINANCE ACT
- C.
CLAUSE (105) OF SECTION 66 OF THE FINANCE ACT
- D.
NONE OF THESE
Correct Answer
A. CLAUSE (105) OF SECTION 65 OF THE FINANCE ACT -
- 2.
SEC. 65A CONTAINS PROVISIONS RELATED TO
- A.
CLASSIFICATION OF SERVICES
- B.
CLASSIFICATION IN CASE OF OVERLAPPING OF TAXABLE SERVICES
- C.
BOTH OF THESE
- D.
NONE OF THESE
Correct Answer
B. CLASSIFICATION IN CASE OF OVERLAPPING OF TAXABLE SERVICES -
- 3.
WHAT WAS THE SERVICE TAX RATE ,WHEN IT WAS FIRST TIME INTRODUCED IN INDIA?
- A.
3%
- B.
4%
- C.
5%
- D.
6%
Correct Answer
C. 5% -
- 4.
WHEN WAS THE RATE OF SERVICE TAX RAISED TO 10%
- A.
W.e.f. MAY 14,2003
- B.
W.e.f. 10.9.2004
- C.
W.e.f.10.9.2005
- D.
W.e.f.10.9.2006
Correct Answer
B. W.e.f. 10.9.2004 -
- 5.
RATE OF SERVICE TAX WAS FURTHER RAISED TO 12% BY THE FINANCE ACT 2006.PRESENTLY , THE PRESENT RATE OF SERVICE TAX IS 10% w.e.f.
- A.
24th FEBRUARY 2007
- B.
24th FEBRUARY 2008
- C.
24th FEBRUARY 2009
- D.
24th FEBRUARY 2010
Correct Answer
C. 24th FEBRUARY 2009 -
- 6.
WHAT IS CURRENT RATE OF SERVICE TAX ?(INCLUDING CESS)
- A.
10.3% (10% SERVICE TAX + 2%EDU. CESS +1%SHE CESS)
- B.
10% (NO CESS)
- C.
10.3% (10% SERVICE + 3% EDU. CESS)
Correct Answer
A. 10.3% (10% SERVICE TAX + 2%EDU. CESS +1%SHE CESS) -
- 7.
SERVICE TAX IS LEVIED ON SERVICES PROVIDED WITHIN THE TERRITORY OF INDIA INCLUDING TERRITORIAL WATERS OF INDIA EXTENDING UP TO ....... NAUTICAL MILES( UNDER INTERNATIONAL SEA ACT).
- A.
200
- B.
100
- C.
12
- D.
24
Correct Answer
C. 12 -
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Current Version
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Mar 16, 2022Quiz Edited by
ProProfs Editorial Team -
Mar 05, 2010Quiz Created by
Rajasahab
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