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 : 15
SSI units availing CENVAT can clear their goods upto Rs. 1 Crore @ ____________of tariff duty.


Question No : 16
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

Question No : 17
Service Tax is administered by

Central Excise Commissionerate
Service Tax Commissionerate
None of the above

Question No : 18
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

Question No : 19
In case the factories of a manufacturer, covered by Central Excise law, falls under different Commissionerates, New ECC will be issued by

Director General of Inspection
Commissionerate Headquarter
Deputy Commissioner
None of the above

Question No : 20
STC stands for

Sales Tax Code
Service Tax Code
Service Transaction Code
Service Trader Code

Question No : 21
Registration formality has been exempted by CBE&C in case of

SSI units availing slab exemption
Jobworker, if duty liability is paid by principal employer
100% EOU
All of the above