The taxable event under Central Excise law is
Manufacture of excisable goods
Sale of excisable goods
Removal of goods from factory
Whichever is later
Correct Answer :
A. Manufacture of excisable goods
Related Questions
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
The Registration Certificate is issued within _______________________ days of receipt of application at the Excise Office.
5
7
15
30
Excise Duty is to be paid through ________________ challan.
TR - 6
TR - 3
ST - 6
ST - 3
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.
15%, Rs.1000
24%, Rs.1,000
24%, Rs.500
15%, Rs.500
STC stands for
Sales Tax Code
Service Tax Code
Service Transaction Code
Service Trader Code
The New ECC of a registered excise dealer having PAN IAVSG2356X is IAVSG2356X XD 001.
True
False
A 100% Export Eriented Undertaking is exempted from obtaining registration.
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
In India service tax had been levied on the recomendation of
Tax Reforms Commitee
Ministry of Finance
CBDT
Revinue Minister
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 registration certificate obtained from excise authorities is to be exhibited at the registered premises.
True
False
The concept of service tax was introduced in India , in the year
1994-95
2000-01
2004-05
None of them.
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
Excise related records cannot be maintained on computer hard disks.
True
False
Service tax is an example of
Direct Tax
Indirect Tax
Mixed Tax
None of the above
Total number of services brought under Service Tax net through Finance Act, 2005 is 10.
True
False
In case of excise dutty the duplicate copy of invoice is for the
Buyer
Transporter
Assessce
None of the above
SSI units availing CENVAT can clear their goods upto Rs. 1 Crore @ ____________of tariff duty.
10%
25%
50%
60%
There is no service tax on
sale of service
export of service
Both of the above
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
In case of centralised billing system only one application is required in respect of all the premises for registration under service tax.
True
False
In relation to Excise Duty, under Physical Control System, goods can be removed on any day, at any time.
True
False
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
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
A person manufacturing excisable goods with "nil rate" of Excise Duty does not have to apply for registration.
True
False
A manufacturer may be exempted from payment of excise duty if he proves that the goods are unfit for consumption.
True
False
Excise Duty is payable at the time of completion of manufacture of goods.
True
False
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.
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