Quiz Contest - 6 (Service Tax)

10 Questions | Total Attempts: 102

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Quiz Contest - 6 (Service Tax) - Quiz

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Questions and Answers
  • 1. 
    SECTION .................... , OF THE FINANCE ACT, 1994 IMPOSES SERVICES TAX ON SERVICES SPECIFIED UNDER THE SUB-CLAUSES OF SECTION 65(105)
    • A. 

      63

    • B. 

      64

    • C. 

      65

    • D. 

      66

    • E. 

      67

  • 2. 
    THE AMOUNT OF SERVICE TAX IS CALCULATED ON THE BASIS OF VALUE DETERMINED UNDER SECTION .........., OF THE ACT.
    • A. 

      65

    • B. 

      67

    • C. 

      68

    • D. 

      69

  • 3. 
    WHAT IS REVERSE CHARGE?
    • A. 

      WHEN TAX IS REFUNDED TO THE PAYER OF SERVICE TAX.

    • B. 

      WHEN SERVICE PROVIDER IS LIABLE TO PAY SERVICE TAX.

    • C. 

      WHEN SERVICE RECEIVER IS LIABLE TO PAY SERVICE TAX.

    • D. 

      NONE OF THESE

  • 4. 
    WHICH OF THE FOLLOWING SERVICES ARE COVERED UNDER REVERSE CHARGE?
    • A. 

      SERVICE RECEIVED IN INDIA FROM A PLACE OR PERSON OUTSIDE INDIA

    • B. 

      INSURANCE AUXILIARIES AND MUTUAL FUND SERVICES

    • C. 

      TRANSPORT OF GOODS BY ROAD (GOODS TRANSPORT AGENCY)

    • D. 

      SPONSORSHIP SERVICES

    • E. 

      ALL OF THE ABOVE

  • 5. 
    SECTION 68 SPEAKS:-
    • A. 

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

    • B. 

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

    • C. 

      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.
    • A. 

      5th , QUARTER

    • B. 

      6th QUARTER

    • C. 

      5th, MONTH

    • D. 

      6th, MONTH

    • E. 

      NONE OF THESE

  • 7. 
    IF THE PAYMENT IS MADE OTHER THAN INDIVIDUAL AND FIRM THEN WHAT IS THE DUE DATE FOR PAYMENT OF SERVICE TAX?
    • A. 

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

    • B. 

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

    • C. 

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

    • D. 

      NONE OF THESE

  • 8. 
    IF PAYMENT IS MADE ELECTRONICALLY THEN WHAT IS DUE DATE?
    • A. 

      6th ON THE PLACE OF 5th

    • B. 

      5th ON THE PLACE OF 6th

    • C. 

      NONE OF THESE

  • 9. 
    THE SERVICE TAX ON THE AMOUNT RECEIVED DURING MARCH, OR THE QUARTER ENDING IN MARCH, SHALL BE PAID BY THE .................
    • A. 

      31st MARCH

    • B. 

      1 APRIL

    • C. 

      31st APRIL

    • D. 

      NONE OF THESE

  • 10. 
    WHO IS LIABLE TO DEPOSIT SERVICE TAX THROUGH INTERNET BANKING?
    • A. 

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

    • B. 

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

    • C. 

      IF ASSESSEE SATISFY ANY ONE OF THE ABOVE TWO OR BOTH

    • D. 

      NONE OF THESE

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