Excise related records cannot be maintained on computer hard disks.
True
False
Correct Answer :
B. False
Related Questions
Excise related records cannot be maintained on computer hard disks.
True
False
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.
The time limit for sending back manufactured goods by job-worker to the principal manufacturer is ______________ days.
6 Months
180 Days
1 Year
None of the above
A manufacturer may be exempted from payment of excise duty if he proves that the goods are unfit for consumption.
True
False
There is no service tax on
sale of service
export of service
Both of the above
None of the above
In case the factories of a manufacturer, covered by Central Excise law, falls under different Commissionerates, New ECC will be issued by
Director General of Inspection
Commissionerate Headquarter
Deputy Commissioner
None of the above
In India service tax had been levied on the recomendation of
Tax Reforms Commitee
Ministry of Finance
CBDT
Revinue Minister
Registration formality has been exempted by CBE&C in case of
SSI units availing slab exemption
Jobworker, if duty liability is paid by principal employer
100% EOU
All 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
A person manufacturing excisable goods with "nil rate" of Excise Duty does not have to apply for registration.
True
False
The taxable event under Central Excise law is
Manufacture of excisable goods
Sale of excisable goods
Removal of goods from factory
Whichever is later
A 100% Export Eriented Undertaking is exempted from obtaining registration.
True
False
The New ECC of a registered excise dealer having PAN IAVSG2356X is IAVSG2356X XD 001.
True
False
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
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
The registration certificate obtained from excise authorities is to be exhibited at the registered premises.
True
False
In case of centralised billing system only one application is required in respect of all the premises for registration under service tax.
True
False
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 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
Form ST-3, in connection with Service Tax, is to be filed on half-yearly basis.
True
False
The Registration Certificate is issued within _______________________ days of receipt of application at the Excise Office.
5
7
15
30
Total number of services brought under Service Tax net through Finance Act, 2005 is 10.
True
False
In case of service tax all appeals , relating to matters of valuation & classification , against order of Tribunnal lies with the
Supreme Court
High Court
District Court
None of the above
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
Service tax is an example of
Direct Tax
Indirect Tax
Mixed Tax
None of the above
In case of non-payment of excise duty, interest is to be paid @ ____________on the amount of unpaid duty, or, _________ per day, whichever is higher.
15%, Rs.1000
24%, Rs.1,000
24%, Rs.500
15%, Rs.500
Service Tax has to be paid on any advance amount received from the client prior to raising any bill for the service rendered.
True
False
In relation to central Excise, under Physical Control System, goods can be removed on any day, at any time.
True
False
PLA stands for
Personalised Ledger Account
Personal Ledger Account
Privilege Leave Allowed
Personal Ledger Amount
Service Tax is administered by
Central Excise Commissionerate
Service Tax Commissionerate
CBDT
None of the above