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.

Question

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.

A. 15%, Rs.1000

B. 24%, Rs.1,000

C. 24%, Rs.500

D. 15%, Rs.500

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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

Discuss this answer

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

A. True

B. False

Discuss this answer

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

Discuss this answer

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

Discuss this answer

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.

Discuss this answer

PLA stands for

A. Personalised Ledger Account

B. Personal Ledger Account

C. Privilege Leave Allowed

D. Personal Ledger Amount

Discuss this answer

Excise related records cannot be maintained on computer hard disks.

A. True

B. False

Discuss this answer

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

A. True

B. False

Discuss this answer

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

A. True

B. False

Discuss this answer

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

Discuss this answer

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

Discuss this answer

SSI units availing CENVAT can clear their goods upto Rs. 1 Crore @ ____________of tariff duty.

A. 10%

B. 25%

C. 50%

D. 60%

Discuss this answer

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

A. True

B. False

Discuss this answer

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

A. True

B. False

Discuss this answer

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

Discuss this answer

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.

Discuss this answer

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

Discuss this answer

In case the factories of a manufacturer, covered by Central Excise law, falls under different Commissionerates, New ECC will be issued by

A. Director General of Inspection

B. Commissionerate Headquarter

C. Deputy Commissioner

D. None of the above

Discuss this answer

Service tax is payble on service even if provided is abrod

A. True

B. False

Discuss this answer

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)

Discuss this answer

SSI unit stands for

A. Small Sale Industries Unit

B. Small Scale Industrial Unit

C. Same Scale Industrial Unit

D. None of the above

Discuss this answer

In relation to Excise Duty form AR-1 is to be submitted for clearing goods under

A. Physical Control System

B. Self Control System

C. Both (a) and (b)

D. None of the above

Discuss this answer

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

Discuss this answer

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.

A. 15%, Rs.1000

B. 24%, Rs.1,000

C. 24%, Rs.500

D. 15%, Rs.500

Discuss this answer

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

Discuss this answer

Excise Duty is to be paid through ________________ challan.

A. TR - 6

B. TR - 3

C. ST - 6

D. ST - 3

Discuss this answer

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

A. True

B. False

Discuss this answer

STC stands for

A. Sales Tax Code

B. Service Tax Code

C. Service Transaction Code

D. Service Trader Code

Discuss this answer

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

Discuss this answer

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

Discuss this answer

Accepted Answer

B. 24%, Rs.1,000

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.

Correct Answer :

Show all Indirect TAX MCQ

Related Questions

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

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

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

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

The basic objective of service tax is

PLA stands for

Excise related records cannot be maintained on computer hard disks.

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

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

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

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

SSI units availing CENVAT can clear their goods upto Rs. 1 Crore @ ____________of tariff duty.

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

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

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

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

In case the factories of a manufacturer, covered by Central Excise law, falls under different Commissionerates, New ECC will be issued by

Service tax is payble on service even if provided is abrod

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

SSI unit stands for

In relation to Excise Duty form AR-1 is to be submitted for clearing goods under

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

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.

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

Excise Duty is to be paid through ________________ challan.

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

STC stands for

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

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

Also checkout

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.

Correct Answer :

Show all Indirect TAX MCQ

Related Questions

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

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

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

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

The basic objective of service tax is

PLA stands for

Excise related records cannot be maintained on computer hard disks.

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

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

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

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

SSI units availing CENVAT can clear their goods upto Rs. 1 Crore @ ____________of tariff duty.

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

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

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

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

In case the factories of a manufacturer, covered by Central Excise law, falls under different Commissionerates, New ECC will be issued by

Service tax is payble on service even if provided is abrod

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

SSI unit stands for

In relation to Excise Duty form AR-1 is to be submitted for clearing goods under

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

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.

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

Excise Duty is to be paid through ________________ challan.

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

STC stands for

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

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

Also checkout

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.

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

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

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.