The basic objective of service tax is
Broadening the tax base
Augmentation of Revenue
Larger participation of citizens in the economic development of the nation .
All of the above.
Correct Answer :
D. All of the above.
Related Questions
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
The Registration Certificate is issued within _______________________ days of receipt of application at the Excise Office.
5
7
15
30
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 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
Rs.4,000
Rs.5,000
Rs.6,000
Rs.5,100
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
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
In case of excise dutty the duplicate copy of invoice is for the
Buyer
Transporter
Assessce
None of the above
Excise related records cannot be maintained on computer hard disks.
True
False
Form ST-3, in connection with Service Tax, is to be filed on half-yearly basis.
True
False
A manufacturer may be exempted from payment of excise duty if he proves that the goods are unfit for consumption.
True
False
The time limit for sending back manufactured goods by job-worker to the principal manufacturer is ______________ days.
6 Months
180 Days
1 Year
None of the above
In India service tax had been levied on the recomendation of
Tax Reforms Commitee
Ministry of Finance
CBDT
Revinue Minister
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
In relation to central Excise, under Physical Control System, goods can be removed on any day, at any time.
True
False
Remission of excise duty can be applied for in case of destruction of goods by
Natural causes
Unavoidable accident
Both of the above
None of the above
The registration certificate obtained from excise authorities is to be exhibited at the registered premises.
True
False
Total number of services brought under Service Tax net through Finance Act, 2005 is 10.
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
Excise Duty is to be paid through ________________ challan.
TR - 6
TR - 3
ST - 6
ST - 3
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 is administered by
Central Excise Commissionerate
Service Tax Commissionerate
CBDT
None of the above
Service Tax is levied by the Central Government
True
False
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
There is no service tax on
sale of service
export of service
Both of the above
None of the above
The basic objective of service tax is
Broadening the tax base
Augmentation of Revenue
Larger participation of citizens in the economic development of the nation .
All of the above.
STC stands for
Sales Tax Code
Service Tax Code
Service Transaction Code
Service Trader Code
There is a provision of remission of Excise duty in case of destruction of goods by natural causes only.
True
False
SSI units availing CENVAT can clear their goods upto Rs. 1 Crore @ ____________of tariff duty.
10%
25%
50%
60%
Excise Duty is payable at the time of completion of manufacture of goods.
True
False
In a financial year, turnover of upto _________________ is exempted from payment of Central Excise duty.
Rs.50 lakhs
Rs.1 Crore
Rs.2 Crore
None of the above