In a financial year, turnover of upto _________________ is exempted from payment of Central Excise duty.

Question

In a financial year, turnover of upto _________________ is exempted from payment of Central Excise duty.

A. Rs.50 lakhs

B. Rs.1 Crore

C. Rs.2 Crore

D. None of the above

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

A. True

B. False

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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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Excise Duty is to be paid through ________________ challan.

A. TR - 6

B. TR - 3

C. ST - 6

D. ST - 3

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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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In relation to central Excise, under Physical Control System, goods can be removed on any day, at any time.

A. True

B. False

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Service tax is payble on service even if provided is abrod

A. True

B. False

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The Registration Certificate is issued within _______________________ days of receipt of application at the Excise Office.

A. 5

B. 7

C. 15

D. 30

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Remission of excise duty can be applied for in case of destruction of goods by

A. Natural causes

B. Unavoidable accident

C. Both of the above

D. None of the above

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Registration formality has been exempted by CBE&C in case of

A. SSI units availing slab exemption

B. Jobworker, if duty liability is paid by principal employer

C. 100% EOU

D. All of the above

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Excise Duty is payable at the time of completion of manufacture of goods.

A. True

B. False

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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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In a financial year, turnover of upto _________________ is exempted from payment of Central Excise duty.

A. Rs.50 lakhs

B. Rs.1 Crore

C. Rs.2 Crore

D. None of the above

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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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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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The Central Excise law is administered by

A. Central Board of Indirect Taxes

B. Central Board of Excise and Customs

C. Central Board of Excise Duty

D. Central Government

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Service tax is administrated by

A. Central excise commissionerates

B. Service tax commissionerates

C. CBDT

D. None of the above

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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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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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In India service tax had been levied on the recomendation of

A. Tax Reforms Commitee

B. Ministry of Finance

C. CBDT

D. Revinue Minister

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The time limit for sending back manufactured goods by job-worker to the principal manufacturer is ______________ days.

A. 6 Months

B. 180 Days

C. 1 Year

D. None of the above

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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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The taxable event under Central Excise law is

A. Manufacture of excisable goods

B. Sale of excisable goods

C. Removal of goods from factory

D. Whichever is later

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Input credit of Service Tax can be availed only if the final service is of the same category as that of the input service.

A. True

B. False

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SSI unit stands for

A. Small Sale Industries Unit

B. Small Scale Industrial Unit

C. Same Scale Industrial Unit

D. None of the above

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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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Service Tax is levied by the Central Government

A. True

B. False

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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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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

Discuss this answer

Accepted Answer

B. Rs.1 Crore

In a financial year, turnover of upto _________________ is exempted from payment of Central Excise duty.

Correct Answer :

Show all Indirect TAX MCQ

Related Questions

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

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

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

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

Excise Duty is to be paid through ________________ challan.

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

In relation to central Excise, under Physical Control System, goods can be removed on any day, at any time.

Service tax is payble on service even if provided is abrod

The Registration Certificate is issued within _______________________ days of receipt of application at the Excise Office.

Remission of excise duty can be applied for in case of destruction of goods by

Registration formality has been exempted by CBE&C in case of

Excise Duty is payable at the time of completion of manufacture of goods.

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

In a financial year, turnover of upto _________________ is exempted from payment of Central Excise duty.

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

The basic objective of service tax is

The Central Excise law is administered by

Service tax is administrated by

There is no service tax on

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

In India service tax had been levied on the recomendation of

The time limit for sending back manufactured goods by job-worker to the principal manufacturer is ______________ days.

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

The taxable event under Central Excise law is

Input credit of Service Tax can be availed only if the final service is of the same category as that of the input service.

SSI unit stands for

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

Service Tax is levied by the Central Government

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

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

Also checkout

In a financial year, turnover of upto _________________ is exempted from payment of Central Excise duty.

Correct Answer :

Show all Indirect TAX MCQ

Related Questions

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

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

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

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

Excise Duty is to be paid through ________________ challan.

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

In relation to central Excise, under Physical Control System, goods can be removed on any day, at any time.

Service tax is payble on service even if provided is abrod

The Registration Certificate is issued within _______________________ days of receipt of application at the Excise Office.

Remission of excise duty can be applied for in case of destruction of goods by

Registration formality has been exempted by CBE&C in case of

Excise Duty is payable at the time of completion of manufacture of goods.

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

In a financial year, turnover of upto _________________ is exempted from payment of Central Excise duty.

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

The basic objective of service tax is

The Central Excise law is administered by

Service tax is administrated by

There is no service tax on

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

In India service tax had been levied on the recomendation of

The time limit for sending back manufactured goods by job-worker to the principal manufacturer is ______________ days.

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

The taxable event under Central Excise law is

Input credit of Service Tax can be availed only if the final service is of the same category as that of the input service.

SSI unit stands for

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

Service Tax is levied by the Central Government

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

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

Also checkout

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