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Current Affairs January 2024

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4

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

A. True

B. False

Correct Answer :

A. True


Related Questions

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4

Service Tax is administered by

A. Central Excise Commissionerate

B. Service Tax Commissionerate

C. CBDT

D. None 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

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

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

PLA stands for

A. Personalised Ledger Account

B. Personal Ledger Account

C. Privilege Leave Allowed

D. Personal Ledger Amount

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4

Excise Duty is to be paid through ________________ challan.

A. TR - 6

B. TR - 3

C. ST - 6

D. ST - 3

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4

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

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4

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

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

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

A. True

B. False

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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

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

A. True

B. False

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4

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

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4

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

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4

There is no service tax on

A. sale of service

B. export of service

C. Both of the above

D. None of the above

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4

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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4

Service Tax is levied by the Central Government

A. True

B. False

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4

The taxable event under Central Excise law is

A. Manufacture of excisable goods

B. Sale of excisable goods

C. Removal of goods from factory

D. Whichever is later

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4

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

A. True

B. False

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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

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

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

A. True

B. False

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4

In a financial year, turnover of upto _________________ is exempted from payment of Central Excise duty.

A. Rs.50 lakhs

B. Rs.1 Crore

C. Rs.2 Crore

D. None of the above

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4

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

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4

A 100% Export Eriented Undertaking is exempted from obtaining registration.

A. True

B. False

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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

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

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

Service tax is an example of

A. Direct Tax

B. Indirect Tax

C. Mixed Tax

D. None of the above