Indirect TAX MCQ Question with 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


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.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.


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