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Current Affairs January 2024

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4

PLA stands for

A. Personalised Ledger Account

B. Personal Ledger Account

C. Privilege Leave Allowed

D. Personal Ledger Amount

Correct Answer :

B. Personal Ledger Account


Related Questions

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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

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

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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4

The claim for refund of excess Service Tax paid has to be made within _______________ from the date of payment of excess tax.

A. 3 Months

B. 6 Months

C. 1 Year

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

Excise related records cannot be maintained on computer hard disks.

A. True

B. False

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4

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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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

Service tax is administrated by

A. Central excise commissionerates

B. Service tax commissionerates

C. CBDT

D. None of the above

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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

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

PLA stands for

A. Personalised Ledger Account

B. Personal Ledger Account

C. Privilege Leave Allowed

D. Personal Ledger Amount

What is the correct answer?

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

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

Service tax is payble on service even if provided is abrod

A. True

B. False

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4

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

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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

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

A. 10%

B. 25%

C. 50%

D. 60%

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4

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

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4

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

A. True

B. False

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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 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

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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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

STC stands for

A. Sales Tax Code

B. Service Tax Code

C. Service Transaction Code

D. Service Trader Code

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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

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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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

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 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