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Indirect TAX MCQ - Multiple Choice Question and Answer

Indirect TAX MCQ with detailed explanation for interview, entrance and competitive exams. Explanation are given for understanding.

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Question No : 1
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

Question No : 2
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

Question No : 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

Question No : 4
PLA stands for

Personalised Ledger Account
Personal Ledger Account
Privilege Leave Allowed
Personal Ledger Amount

Question No : 5
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

Question No : 6
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

Question No : 7
Total number of services brought under Service Tax net through Finance Act, 2005 is 10.

True
False