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Current Affairs January 2024

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4

Form ST-3, in connection with Service Tax, is to be filed on half-yearly basis.

A. True

B. False

Correct Answer :

A. True


Related Questions

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4

There is no service tax on

A. sale of service

B. export of service

C. Both of the above

D. None of the above

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4

Service Tax is levied by the Central Government

A. True

B. False

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4

The New ECC of a registered excise dealer having PAN IAVSG2356X is IAVSG2356X XD 001.

A. True

B. False

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4

Service Tax is administered by

A. Central Excise Commissionerate

B. Service Tax Commissionerate

C. CBDT

D. None of the above

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4

Excise Duty is to be paid through ________________ challan.

A. TR - 6

B. TR - 3

C. ST - 6

D. ST - 3

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4

In case of removal of goods to be destroyed under supervision of Central Excise Officer, the invoice should indicate

A. Zero' duty

B. Nil' duty

C. Exempted

D. No' Duty

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4

Return of Service Tax is to be furnished to be to the Superintendent of ______________ in Form ______________.

A. Service Tax, ST-3

B. Central Excise, ST-3

C. Service Tax, TR-6

D. Central Excise, TR-6

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4

The Document to be enclosed with the application for registration under Excise Rules is / are

A. Ground Plan

B. Rent Receipt / Document of ownership

C. Articles of Association

D. All of the above

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4

A SSI unit opting for non-CENVAT facility has to pay duty after crossing turnover of ____________ at full rate of tariff duty.

A. Rs.1 Crore

B. Rs. 50,000

C. Rs.25,000

D. Rs.5,000

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4

STC stands for

A. Sales Tax Code

B. Service Tax Code

C. Service Transaction Code

D. Service Trader Code

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4

In case of service tax all appeals , relating to matters of valuation & classification , against order of Tribunnal lies with the

A. Supreme Court

B. High Court

C. District Court

D. None of the above

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4

A manufacturer may be exempted from payment of excise duty if he proves that the goods are unfit for consumption.

A. True

B. False

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4

Service Tax has to be paid on any advance amount received from the client prior to raising any bill for the service rendered.

A. True

B. False

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4

In relation to Excise Duty, fresh application for registration has to be made for an already registered concern, in case of

A. Death of a director of a limited company

B. Death of a partner of a partnership firm

C. Death of an individual manufacturer

D. Both (b) and (c)

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4

The basic objective of service tax is

A. Broadening the tax base

B. Augmentation of Revenue

C. Larger participation of citizens in the economic development of the nation .

D. All of the above.

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4

The registration certificate obtained from excise authorities is to be exhibited at the registered premises.

A. True

B. False

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4

Form ST-3, in connection with Service Tax, is to be filed on half-yearly basis.

A. True

B. False

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4

Service tax is payble on service even if provided is abrod

A. True

B. False

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4

Service tax is an example of

A. Direct Tax

B. Indirect Tax

C. Mixed Tax

D. None of the above

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4

A person manufacturing excisable goods with "nil rate" of Excise Duty does not have to apply for registration.

A. True

B. False

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4

The annual turnover of a SSI unit (under non-CENVAT SCHEME) is Rs.60 Lakhs. The amount of duty payable by him is

A. Rs.36 Lakhs

B. Rs.36,000

C. Rs.24 Lakhs

D. None of the above

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4

A 100% Export Eriented Undertaking is exempted from obtaining registration.

A. True

B. False

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4

There is a provision of remission of Excise duty in case of destruction of goods by natural causes only.

A. True

B. False

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4

An appeal to the Apellate Tribunal, in connection with Service Tax, has to be made within ___________ with a fee of ______________.

A. 3 Months, Rs.200

B. 3 Months, Rs.50

C. 2 Months, Rs.200

D. 1 Month, Rs.200

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4

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

A. Rs.4,000

B. Rs.5,000

C. Rs.6,000

D. Rs.5,100

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4

In case of excise dutty the duplicate copy of invoice is for the

A. Buyer

B. Transporter

C. Assessce

D. None of the above

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4

Total number of services brought under Service Tax net through Finance Act, 2005 is 10.

A. True

B. False

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4

In case of centralised billing system only one application is required in respect of all the premises for registration under service tax.

A. True

B. False

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4

The concept of service tax was introduced in India , in the year

A. 1994-95

B. 2000-01

C. 2004-05

D. None of them.

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4

Excise related records cannot be maintained on computer hard disks.

A. True

B. False