Quiz Contest - 6 (Service Tax)

1. IF PAYMENT IS MADE ELECTRONICALLY THEN WHAT IS DUE DATE?

6th ON THE PLACE OF 5th

5th ON THE PLACE OF 6th

NONE OF THESE

2. THE SERVICE TAX ON THE AMOUNT RECEIVED DURING MARCH, OR THE QUARTER ENDING IN MARCH, SHALL BE PAID BY THE .................

31st MARCH

1 APRIL

31st APRIL

NONE OF THESE

3. WHICH OF THE FOLLOWING SERVICES ARE COVERED UNDER REVERSE CHARGE?

SERVICE RECEIVED IN INDIA FROM A PLACE OR PERSON OUTSIDE INDIA

INSURANCE AUXILIARIES AND MUTUAL FUND SERVICES

TRANSPORT OF GOODS BY ROAD (GOODS TRANSPORT AGENCY)

SPONSORSHIP SERVICES

ALL OF THE ABOVE

4. WHAT IS REVERSE CHARGE?

WHEN TAX IS REFUNDED TO THE PAYER OF SERVICE TAX.

WHEN SERVICE PROVIDER IS LIABLE TO PAY SERVICE TAX.

WHEN SERVICE RECEIVER IS LIABLE TO PAY SERVICE TAX.

NONE OF THESE

5. IF THE PAYMENT IS MADE OTHER THAN INDIVIDUAL AND FIRM THEN WHAT IS THE DUE DATE FOR PAYMENT OF SERVICE TAX?

5th OF THE MONTH FOLLOWING THE CALENDER MONTH IN WHICH THE PAYMENT IS RECEIVED

5th OF THE MONTH FOLLOWING THE QUARTER IN WHICH THE PAYMENT IS RECEIVED

6th OF THE MONTH FOLLOWING THE CALENDER MONTH IN WHICH THE PAYMENT IS RECEIVED

NONE OF THESE

6. IN CASE OF AN INDIVIDUAL OR PARTNERSHIP FIRM, THE SERVICE TAX SHALL BE PAID BY THE .........., OF THE MONTH FOLLOWING THE ................ , IN WHICH PAYMENT IS RECEIVED.

5th , QUARTER

6th QUARTER

5th, MONTH

6th, MONTH

NONE OF THESE

7. WHO IS LIABLE TO DEPOSIT SERVICE TAX THROUGH INTERNET BANKING?

THE ASSESSEE, WHO HAS PAID SERVICE TAX OF Rs. 50 LAKH OR ABOVE IN THE PRECEDING FINANCIAL YEAR

IF ASSESSEE SATISFY ANY ONE OF THE ABOVE TWO OR BOTH

NONE OF THESE

8. THE AMOUNT OF SERVICE TAX IS CALCULATED ON THE BASIS OF VALUE DETERMINED UNDER SECTION .........., OF THE ACT.

65

67

68

69

9. SECTION 68 SPEAKS:-

1. EVERY PERSON PROVIDING TAXABLE SERVICE IS LIABLE TO PAY SERVICE TAX. 2. REVERSE CHARGE

1. EVERY PERSON RECEIVING TAXABLE SERVICE IS LIABLE TO PAY SERVICE TAX. 2.REVERSE CHARGE

NONE OF THESE

10. SECTION .................... , OF THE FINANCE ACT, 1994 IMPOSES SERVICES TAX ON SERVICES SPECIFIED UNDER THE SUB-CLAUSES OF SECTION 65(105)

63

64

65

66

67