Quiz Contest - 6 (Service Tax)

10 Questions | By Rajasahab | Last updated: Mar 22, 2022 | Total Attempts: 102

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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