A person manufacturing excisable goods with "nil rate" of Excise Duty does not have to apply for registration.
True
False
Correct Answer :
A. True
Related Questions
The registration certificate obtained from excise authorities is to be exhibited at the registered premises.
True
False
In India service tax had been levied on the recomendation of
Tax Reforms Commitee
Ministry of Finance
CBDT
Revinue Minister
The annual turnover of a SSI unit (under non-CENVAT SCHEME) is Rs.60 Lakhs. The amount of duty payable by him is
Rs.36 Lakhs
Rs.36,000
Rs.24 Lakhs
None of the above
In relation to Excise Duty form AR-1 is to be submitted for clearing goods under
Physical Control System
Self Control System
Both (a) and (b)
None of the above
Return of Service Tax is to be furnished to be to the Superintendent of ______________ in Form ______________.
Service Tax, ST-3
Central Excise, ST-3
Service Tax, TR-6
Central Excise, TR-6
PLA stands for
Personalised Ledger Account
Personal Ledger Account
Privilege Leave Allowed
Personal Ledger Amount
SSI unit stands for
Small Sale Industries Unit
Small Scale Industrial Unit
Same Scale Industrial Unit
None of the above
A person manufacturing excisable goods with "nil rate" of Excise Duty does not have to apply for registration.
True
False
Remission of excise duty can be applied for in case of destruction of goods by
Natural causes
Unavoidable accident
Both of the above
None of the above
In a financial year, turnover of upto _________________ is exempted from payment of Central Excise duty.
Rs.50 lakhs
Rs.1 Crore
Rs.2 Crore
None of the above
The taxable event under Central Excise law is
Manufacture of excisable goods
Sale of excisable goods
Removal of goods from factory
Whichever is later
Service Tax is administered by
Central Excise Commissionerate
Service Tax Commissionerate
CBDT
None of the above
SSI units availing CENVAT can clear their goods upto Rs. 1 Crore @ ____________of tariff duty.
10%
25%
50%
60%
A manufacturer may be exempted from payment of excise duty if he proves that the goods are unfit for consumption.
True
False
An event management company charged Rs.50,000 from his client for the services rendered by him. The amount of Service Tax (including education cess) to be levied is
Rs.4,000
Rs.5,000
Rs.6,000
Rs.5,100
In relation to Excise Duty, under Physical Control System, goods can be removed on any day, at any time.
True
False
A SSI unit opting for non-CENVAT facility has to pay duty after crossing turnover of ____________ at full rate of tariff duty.
Rs.1 Crore
Rs. 50,000
Rs.25,000
Rs.5,000
Form ST-3, in connection with Service Tax, is to be filed on half-yearly basis.
True
False
There is no service tax on
sale of service
export of service
Both of the above
None of the above
In case of removal of goods to be destroyed under supervision of Central Excise Officer, the invoice should indicate
Zero' duty
Nil' duty
Exempted
No' Duty
The basic objective of service tax is
Broadening the tax base
Augmentation of Revenue
Larger participation of citizens in the economic development of the nation .
All of the above.
Service tax is payble on service even if provided is abrod
True
False
STC stands for
Sales Tax Code
Service Tax Code
Service Transaction Code
Service Trader Code
Service tax is an example of
Direct Tax
Indirect Tax
Mixed Tax
None of the above
The Central Excise law is administered by
Central Board of Indirect Taxes
Central Board of Excise and Customs
Central Board of Excise Duty
Central Government
Excise Duty is to be paid through ________________ challan.
TR - 6
TR - 3
ST - 6
ST - 3
In relation to Excise Duty, fresh application for registration has to be made for an already registered concern, in case of
Death of a director of a limited company
Death of a partner of a partnership firm
Death of an individual manufacturer
Both (b) and (c)
The Document to be enclosed with the application for registration under Excise Rules is / are
Ground Plan
Rent Receipt / Document of ownership
Articles of Association
All of the above
Total number of services brought under Service Tax net through Finance Act, 2005 is 10.
True
False
Service tax is administrated by
Central excise commissionerates
Service tax commissionerates
CBDT
None of the above