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
Correct Answer :
D. None of the above
Related Questions
The Document to be enclosed with the application for registration under Excise Rules is / are
Ground Plan
Rent Receipt / Document of ownership
Articles of Association
All of the above
PLA stands for
Personalised Ledger Account
Personal Ledger Account
Privilege Leave Allowed
Personal Ledger Amount
In case of excise dutty the duplicate copy of invoice is for the
Buyer
Transporter
Assessce
None of the above
The New ECC of a registered excise dealer having PAN IAVSG2356X is IAVSG2356X XD 001.
True
False
There is no service tax on
sale of service
export of service
Both of the above
None of the above
Excise related records cannot be maintained on computer hard disks.
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)
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
Form ST-3, in connection with Service Tax, is to be filed on half-yearly basis.
True
False
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
In India service tax had been levied on the recomendation of
Tax Reforms Commitee
Ministry of Finance
CBDT
Revinue Minister
Service tax is payble on service even if provided is abrod
True
False
Service tax is an example of
Direct Tax
Indirect Tax
Mixed Tax
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
A manufacturer may be exempted from payment of excise duty if he proves that the goods are unfit for consumption.
True
False
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
A person manufacturing excisable goods with "nil rate" of Excise Duty does not have to apply for registration.
True
False
In relation to Excise Duty, under Physical Control System, goods can be removed on any day, at any time.
True
False
The concept of service tax was introduced in India , in the year
1994-95
2000-01
2004-05
None of them.
Return of Service Tax is to be furnished to be to the Superintendent of ______________ in Form ______________.
Service Tax, ST-3
Central Excise, ST-3
Service Tax, TR-6
Central Excise, TR-6
Excise Duty is to be paid through ________________ challan.
TR - 6
TR - 3
ST - 6
ST - 3
The taxable event under Central Excise law is
Manufacture of excisable goods
Sale of excisable goods
Removal of goods from factory
Whichever is later
The Central Excise law is administered by
Central Board of Indirect Taxes
Central Board of Excise and Customs
Central Board of Excise Duty
Central Government
Total number of services brought under Service Tax net through Finance Act, 2005 is 10.
True
False
A 100% Export Eriented Undertaking is exempted from obtaining registration.
True
False
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
The claim for refund of excess Service Tax paid has to be made within _______________ from the date of payment of excess tax.
3 Months
6 Months
1 Year
None of the above
There is a provision of remission of Excise duty in case of destruction of goods by natural causes only.
True
False
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
The Registration Certificate is issued within _______________________ days of receipt of application at the Excise Office.
5
7
15
30