Quiz Contest - 6 (Service Tax)

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| By Rajasahab
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Rajasahab
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Quizzes Created: 5 | Total Attempts: 3,573
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  • 1/10 Questions

    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
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Quiz Contest - 6 (Service Tax) - Quiz

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  • 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

    Correct Answer
    A. 31st MARCH
  • 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

    Correct Answer
    A. 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

    Correct Answer
    A. WHEN SERVICE RECEIVER IS LIABLE TO PAY SERVICE TAX.
  • 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

    Correct Answer
    A. 5th OF THE MONTH FOLLOWING THE CALENDER MONTH IN WHICH THE PAYMENT IS RECEIVED
  • 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

    Correct Answer
    A. 5th , QUARTER
  • 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

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

    • IF ASSESSEE SATISFY ANY ONE OF THE ABOVE TWO OR BOTH

    • NONE OF THESE

    Correct Answer
    A. IF ASSESSEE SATISFY ANY ONE OF THE ABOVE TWO OR BOTH
  • 8. 

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

    • 65

    • 67

    • 68

    • 69

    Correct Answer
    A. 67
  • 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

    Correct Answer
    A. 1. EVERY PERSON PROVIDING TAXABLE SERVICE IS LIABLE TO PAY SERVICE TAX. 2. REVERSE CHARGE
  • 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

    Correct Answer
    A. 66

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  • Current Version
  • Mar 22, 2022
    Quiz Edited by
    ProProfs Editorial Team
  • Mar 11, 2010
    Quiz Created by
    Rajasahab
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