Input credit of Service Tax can be availed only if the final service is of the same category as that of the input service.
True
False
Correct Answer :
B. False
Related Questions
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
In case of centralised billing system only one application is required in respect of all the premises for registration under service tax.
True
False
STC stands for
Sales Tax Code
Service Tax Code
Service Transaction Code
Service Trader Code
Excise Duty is to be paid through ________________ challan.
TR - 6
TR - 3
ST - 6
ST - 3
Total number of services brought under Service Tax net through Finance Act, 2005 is 10.
True
False
The concept of service tax was introduced in India , in the year
1994-95
2000-01
2004-05
None of them.
Form ST-3, in connection with Service Tax, is to be filed on half-yearly basis.
True
False
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
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
Service tax is payble on service even if provided is abrod
True
False
The Registration Certificate is issued within _______________________ days of receipt of application at the Excise Office.
5
7
15
30
Service tax is an example of
Direct Tax
Indirect Tax
Mixed Tax
None of the above
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
A person manufacturing excisable goods with "nil rate" of Excise Duty does not have to apply for registration.
True
False
SSI units availing CENVAT can clear their goods upto Rs. 1 Crore @ ____________of tariff duty.
10%
25%
50%
60%
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
PLA stands for
Personalised Ledger Account
Personal Ledger Account
Privilege Leave Allowed
Personal Ledger Amount
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
In India service tax had been levied on the recomendation of
Tax Reforms Commitee
Ministry of Finance
CBDT
Revinue Minister
In case of excise dutty the duplicate copy of invoice is for the
Buyer
Transporter
Assessce
None of the above
There is no service tax on
sale of service
export of service
Both of the above
None of the above
In relation to central Excise, under Physical Control System, goods can be removed on any day, at any time.
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
In relation to Excise Duty, under Physical Control System, goods can be removed on any day, at any time.
True
False
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)
Service Tax is administered by
Central Excise Commissionerate
Service Tax Commissionerate
CBDT
None of the above
An appeal to the Apellate Tribunal, in connection with Service Tax, has to be made within ___________ with a fee of ______________.
3 Months, Rs.200
3 Months, Rs.50
2 Months, Rs.200
1 Month, Rs.200
Input credit of Service Tax can be availed only if the final service is of the same category as that of the input service.
True
False
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
A 100% Export Eriented Undertaking is exempted from obtaining registration.
True
False