Indirect TAX MCQ Question with Answer

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

Question No : 22
In relation to Excise Duty, fresh application for registration has to be made for an already registered concern, in case of

Death of a director of a limited company

Death of a partner of a partnership firm

Death of an individual manufacturer

Both (b) and (c)

Question No : 23
Service Tax is levied by the Central Government

True

False

Question No : 24
A person manufacturing excisable goods with "nil rate" of Excise Duty does not have to apply for registration.

True

False

Question No : 25
Service Tax has to be paid on any advance amount received from the client prior to raising any bill for the service rendered.

True

False

Question No : 26
Excise related records cannot be maintained on computer hard disks.

True

False

Question No : 27
Excise Duty is payable at the time of completion of manufacture of goods.

True

False

Question No : 28
Form ST-3, in connection with Service Tax, is to be filed on half-yearly basis.

True

False

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